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January 2023 City of Ramsey Land Review <br />Market Conditions: <br />CBRE <br />1. Economic factors impacting new development -interest rates, construction costs, labor <br />availability <br />2. Zero to limited traditional office demand <br />3. Sectors with demand <br />a. Retail <br />b. Medical Office <br />c. Apartments <br />d. Senior housing <br />e. For Sale Housing <br />f. Industrial <br />4. Impact of Hwy 10 on new development unknown <br />5. Increased traffic counts and population increasing interest <br />6. Create flexible zoning districts <br />7. Drive thru in demand from QSR and fast food operators <br />City of Ramsey-CBRE Closed Deals <br />1. Municipal Center NIK <br />2. Aeon <br />3. Centra Homes <br />4. Common Bond <br />5. Inland Development/Affinity <br />6. PSD, LLC <br />7. Coastal Living <br />8. Stone Brook Daycare <br />9. Purmort Homes <br />10. Muni Center -Meadow Creek <br />11. GiGi's Salon and Spa <br />12. Java Properties — O'Reilly Auto Parts <br />13. Stories Foundation <br />City of Ramsey-CBRE Under Contract/PA Discussion <br />1. COR Trust Bank — Pt. Parcel 48a <br />2. Ramsey Properties, LLC (Hilton Home 2) Currently Parcel 47f. move to Pt. Parcel 46? <br />3. Aldi — Part of Parcels 42a, 42b and 42c. <br />Monthly Blast of properties to 3000 prospects including brokers, builders, contractors, <br />developers, investors, etc. Properties are posted on MnCAR/Catalyst, Loopnet, Costar, <br />CBRE.com. <br />