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Archive for June, 2009

Interesting article from Moody’s Economy.com

We discovered this article about the U.S. regional recession status and the greater Boise metropolitan area is in the same boat as most of the country – in recession.

Moody’s Economy.com classifies the current economic status of U.S. states and metro areas using four categories: “In Recession”, “At Risk”, “Recovery”, or “Expansion”. The evaluation of recession status is based on a six month test of either contraction or expansion. The six month test compares the six-month moving average in the current period to the six-month moving average in the period six months ago.

For a geography to be considered “In Recession”, the six month test must show it to be in contraction. Furthermore, the coincident indicator cannot have yet reached a trough. If a trough has been reached, the economy has shifted from “In Recession” to “Recovery”.

If the six month test shows the geography to be in expansion, then its status is either “Expansion” or “At Risk”. The economy is only in “Expansion” when the coincident indicator has yet to reach a peak. If it appears that a local peak may have been reached and the coincident indicator is increasing but at a decreasing rate, then the economy is placed “At Risk”.

Given the current slowing in growth driven by waning housing markets and weakness in manufacturing, it helps to have a gauge for where these fault lines are developing as there are varying levels of vulnerability across the country. This metric of recession status is just one of many ways of seeing where these problems lie.

State and Metro Recession Status
Apr 2009

Alaska    In Recession
Anchorage, AK Metropolitan Statistical Area    In Recession
Fairbanks, AK Metropolitan Statistical Area    In Recession

Alabama    In Recession
Anniston-Oxford, AL Metropolitan Statistical Area    In Recession
Auburn-Opelika, AL Metropolitan Statistical Area    In Recession
Birmingham-Hoover, AL Metropolitan Statistical Area    In Recession
Decatur, AL Metropolitan Statistical Area    In Recession
Dothan, AL Metropolitan Statistical Area    In Recession
Florence-Muscle Shoals, AL Metropolitan Statistical Area    In Recession
Gadsden, AL Metropolitan Statistical Area    In Recession
Huntsville, AL Metropolitan Statistical Area    In Recession
Mobile, AL Metropolitan Statistical Area    In Recession
Montgomery, AL Metropolitan Statistical Area    In Recession
Tuscaloosa, AL Metropolitan Statistical Area    In Recession

Arkansas    In Recession
Fayetteville-Springdale-Rogers, AR-MO Metropolitan Statistical Area    In Recession
Fort Smith, AR-OK Metropolitan Statistical Area    In Recession
Hot Springs, AR Metropolitan Statistical Area    In Recession
Jonesboro, AR Metropolitan Statistical Area    In Recession
Little Rock-North Little Rock-Conway, AR Metropolitan Statistical Area    In Recession
Pine Bluff, AR Metropolitan Statistical Area    In Recession

Arizona    In Recession
Flagstaff, AZ Metropolitan Statistical Area    In Recession
Lake Havasu City-Kingman, AZ Metropolitan Statistical Area    In Recession
Phoenix-Mesa-Scottsdale, AZ Metropolitan Statistical Area    In Recession
Prescott, AZ Metropolitan Statistical Area    In Recession
Tucson, AZ Metropolitan Statistical Area    In Recession
Yuma, AZ Metropolitan Statistical Area    In Recession

California    In Recession
Bakersfield, CA Metropolitan Statistical Area    In Recession
Chico, CA Metropolitan Statistical Area    In Recession
El Centro, CA Metropolitan Statistical Area    In Recession
Fresno, CA Metropolitan Statistical Area    In Recession
Hanford-Corcoran, CA Metropolitan Statistical Area    In Recession
Los Angeles-Long Beach-Glendale, CA Metropolitan Division    In Recession
Madera, CA Metropolitan Statistical Area    In Recession
Merced, CA Metropolitan Statistical Area    In Recession
Modesto, CA Metropolitan Statistical Area    In Recession
Napa, CA Metropolitan Statistical Area    In Recession
Oakland-Fremont-Hayward, CA Metropolitan Division    In Recession
Oxnard-Thousand Oaks-Ventura, CA Metropolitan Statistical Area    In Recession
Redding, CA Metropolitan Statistical Area    In Recession
Riverside-San Bernardino-Ontario, CA Metropolitan Statistical Area    In Recession
Sacramento–Arden-Arcade–Roseville, CA Metropolitan Statistical Area    In Recession
Salinas, CA Metropolitan Statistical Area    In Recession
San Diego-Carlsbad-San Marcos, CA Metropolitan Statistical Area    In Recession
San Francisco-San Mateo-Redwood City, CA Metropolitan Division    In Recession
San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area    In Recession
San Luis Obispo-Paso Robles, CA Metropolitan Statistical Area    In Recession
Santa Ana-Anaheim-Irvine, CA Metropolitan Division    In Recession
Santa Barbara-Santa Maria-Goleta, CA Metropolitan Statistical Area    In Recession
Santa Cruz-Watsonville, CA Metropolitan Statistical Area    In Recession
Santa Rosa-Petaluma, CA Metropolitan Statistical Area    In Recession
Stockton, CA Metropolitan Statistical Area    In Recession
Vallejo-Fairfield, CA Metropolitan Statistical Area    In Recession
Visalia-Porterville, CA Metropolitan Statistical Area    In Recession
Yuba City, CA Metropolitan Statistical Area    In Recession

Colorado    In Recession
Boulder, CO Metropolitan Statistical Area    In Recession
Colorado Springs, CO Metropolitan Statistical Area    In Recession
Denver-Aurora, CO Metropolitan Statistical Area    In Recession
Fort Collins-Loveland, CO Metropolitan Statistical Area    In Recession
Grand Junction, CO Metropolitan Statistical Area    In Recession
Greeley, CO Metropolitan Statistical Area    In Recession
Pueblo, CO Metropolitan Statistical Area    In Recession

Connecticut    In Recession
Bridgeport-Stamford-Norwalk, CT Metropolitan Statistical Area    In Recession
Hartford-West Hartford-East Hartford, CT Metropolitan Statistical Area    In Recession
New Haven-Milford, CT Metropolitan Statistical Area    In Recession
Norwich-New London, CT Metropolitan Statistical Area    In Recession

District Of Columbia    In Recession

Delaware    In Recession
Dover, DE Metropolitan Statistical Area    In Recession
Wilmington, DE-MD-NJ Metropolitan Division    In Recession

Florida    In Recession
Bradenton-Sarasota-Venice, FL Metropolitan Statistical Area    In Recession
Cape Coral-Fort Myers, FL Metropolitan Statistical Area    In Recession
Deltona-Daytona Beach-Ormond Beach, FL Metropolitan Statistical Area    In Recession
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Metropolitan Division    In Recession
Fort Walton Beach-Crestview-Destin, FL Metropolitan Statistical Area    In Recession
Gainesville, FL Metropolitan Statistical Area    In Recession
Jacksonville, FL Metropolitan Statistical Area    In Recession
Lakeland-Winter Haven, FL Metropolitan Statistical Area    In Recession
Miami-Miami Beach-Kendall, FL Metropolitan Division    In Recession
Naples-Marco Island, FL Metropolitan Statistical Area    In Recession
Ocala, FL Metropolitan Statistical Area    In Recession
Orlando-Kissimmee, FL Metropolitan Statistical Area    In Recession
Palm Bay-Melbourne-Titusville, FL Metropolitan Statistical Area    In Recession
Palm Coast, FL Metropolitan Statistical Area    In Recession
Panama City-Lynn Haven, FL Metropolitan Statistical Area    In Recession
Pensacola-Ferry Pass-Brent, FL Metropolitan Statistical Area    In Recession
Port St. Lucie, FL Metropolitan Statistical Area    In Recession
Punta Gorda, FL Metropolitan Statistical Area    In Recession
Sebastian-Vero Beach, FL Metropolitan Statistical Area    In Recession
Tallahassee, FL Metropolitan Statistical Area    In Recession
Tampa-St. Petersburg-Clearwater, FL Metropolitan Statistical Area    In Recession
West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division    In Recession

Georgia    In Recession
Albany, GA Metropolitan Statistical Area    In Recession
Athens-Clarke County, GA Metropolitan Statistical Area    In Recession
Atlanta-Sandy Springs-Marietta, GA Metropolitan Statistical Area    In Recession
Augusta-Richmond County, GA-SC Metropolitan Statistical Area    In Recession
Brunswick, GA Metropolitan Statistical Area    In Recession
Columbus, GA-AL Metropolitan Statistical Area    In Recession
Dalton, GA Metropolitan Statistical Area    In Recession
Gainesville, GA Metropolitan Statistical Area    In Recession
Hinesville-Fort Stewart, GA Metropolitan Statistical Area    In Recession
Macon, GA Metropolitan Statistical Area    In Recession
Rome, GA Metropolitan Statistical Area    In Recession
Savannah, GA Metropolitan Statistical Area    In Recession
Valdosta, GA Metropolitan Statistical Area    In Recession
Warner Robins, GA Metropolitan Statistical Area    In Recession

Hawaii    In Recession
Honolulu, HI Metropolitan Statistical Area    In Recession

Iowa    In Recession
Ames, IA Metropolitan Statistical Area    In Recession
Cedar Rapids, IA Metropolitan Statistical Area    In Recession
Des Moines-West Des Moines, IA Metropolitan Statistical Area    In Recession
Dubuque, IA Metropolitan Statistical Area    In Recession
Iowa City, IA Metropolitan Statistical Area    In Recession
Sioux City, IA-NE-SD Metropolitan Statistical Area    In Recession
Waterloo-Cedar Falls, IA Metropolitan Statistical Area    In Recession

Idaho    In Recession
Boise City-Nampa, ID Metropolitan Statistical Area    In Recession
Coeur d’Alene, ID Metropolitan Statistical Area    In Recession
Idaho Falls, ID Metropolitan Statistical Area    In Recession
Lewiston, ID-WA Metropolitan Statistical Area    In Recession
Pocatello, ID Metropolitan Statistical Area    In Recession

Illinois    In Recession
Bloomington-Normal, IL Metropolitan Statistical Area    In Recession
Champaign-Urbana, IL Metropolitan Statistical Area    In Recession
Chicago-Naperville-Joliet, IL Metropolitan Division    In Recession
Danville, IL Metropolitan Statistical Area    In Recession
Davenport-Moline-Rock Island, IA-IL Metropolitan Statistical Area    In Recession
Decatur, IL Metropolitan Statistical Area    In Recession
Kankakee-Bradley, IL Metropolitan Statistical Area    In Recession
Lake County-Kenosha County, IL-WI Metropolitan Division    In Recession
Peoria, IL Metropolitan Statistical Area    In Recession
Rockford, IL Metropolitan Statistical Area    In Recession
Springfield, IL Metropolitan Statistical Area    In Recession

Indiana    In Recession
Anderson, IN Metropolitan Statistical Area    In Recession
Bloomington, IN Metropolitan Statistical Area    In Recession
Columbus, IN Metropolitan Statistical Area    In Recession
Elkhart-Goshen, IN Metropolitan Statistical Area    In Recession
Evansville, IN-KY Metropolitan Statistical Area    In Recession
Fort Wayne, IN Metropolitan Statistical Area    In Recession
Gary, IN Metropolitan Division    In Recession
Indianapolis-Carmel, IN Metropolitan Statistical Area    In Recession
Kokomo, IN Metropolitan Statistical Area    In Recession
Lafayette, IN Metropolitan Statistical Area    In Recession
Michigan City-La Porte, IN Metropolitan Statistical Area    In Recession
Muncie, IN Metropolitan Statistical Area    In Recession
South Bend-Mishawaka, IN-MI Metropolitan Statistical Area    In Recession
Terre Haute, IN Metropolitan Statistical Area    In Recession

Kansas    In Recession
Lawrence, KS Metropolitan Statistical Area    In Recession
Topeka, KS Metropolitan Statistical Area    In Recession
Wichita, KS Metropolitan Statistical Area    In Recession

Kentucky    In Recession
Bowling Green, KY Metropolitan Statistical Area    In Recession
Elizabethtown, KY Metropolitan Statistical Area    In Recession
Lexington-Fayette, KY Metropolitan Statistical Area    In Recession
Louisville-Jefferson County, KY-IN Metropolitan Statistical Area    In Recession
Owensboro, KY Metropolitan Statistical Area    In Recession

Louisiana    In Recession
Alexandria, LA Metropolitan Statistical Area    In Recession
Baton Rouge, LA Metropolitan Statistical Area    In Recession
Houma-Bayou Cane-Thibodaux, LA Metropolitan Statistical Area    In Recession
Lafayette, LA Metropolitan Statistical Area    In Recession
Lake Charles, LA Metropolitan Statistical Area    In Recession
Monroe, LA Metropolitan Statistical Area    In Recession
New Orleans-Metairie-Kenner, LA Metropolitan Statistical Area    In Recession
Shreveport-Bossier City, LA Metropolitan Statistical Area    In Recession

Massachusetts    In Recession
Barnstable Town, MA Metropolitan Statistical Area    In Recession
Boston-Quincy, MA Metropolitan Division    In Recession
Cambridge-Newton-Framingham, MA Metropolitan Division    In Recession
Peabody, MA Metropolitan Division    In Recession
Pittsfield, MA Metropolitan Statistical Area    In Recession
Springfield, MA Metropolitan Statistical Area    In Recession
Worcester, MA Metropolitan Statistical Area    In Recession

Maryland    In Recession
Baltimore-Towson, MD Metropolitan Statistical Area    In Recession
Bethesda-Frederick-Gaithersburg, MD Metropolitan Division    In Recession
Cumberland, MD-WV Metropolitan Statistical Area    In Recession
Hagerstown-Martinsburg, MD-WV Metropolitan Statistical Area    In Recession
Salisbury, MD Metropolitan Statistical Area    In Recession

Maine    In Recession
Bangor, ME Metropolitan Statistical Area    In Recession
Lewiston-Auburn, ME Metropolitan Statistical Area    In Recession
Portland-South Portland-Biddeford, ME Metropolitan Statistical Area    In Recession

Michigan    In Recession
Ann Arbor, MI Metropolitan Statistical Area    In Recession
Battle Creek, MI Metropolitan Statistical Area    In Recession
Bay City, MI Metropolitan Statistical Area    In Recession
Detroit-Livonia-Dearborn, MI Metropolitan Division    In Recession
Flint, MI Metropolitan Statistical Area    In Recession
Grand Rapids-Wyoming, MI Metropolitan Statistical Area    In Recession
Holland-Grand Haven, MI Metropolitan Statistical Area    In Recession
Jackson, MI Metropolitan Statistical Area    In Recession
Kalamazoo-Portage, MI Metropolitan Statistical Area    In Recession
Lansing-East Lansing, MI Metropolitan Statistical Area    In Recession
Monroe, MI Metropolitan Statistical Area    In Recession
Muskegon-Norton Shores, MI Metropolitan Statistical Area    In Recession
Niles-Benton Harbor, MI Metropolitan Statistical Area    In Recession
Saginaw-Saginaw Township North, MI Metropolitan Statistical Area    In Recession
Warren-Troy-Farmington Hills, MI Metropolitan Division    In Recession

Minnesota    In Recession
Duluth, MN-WI Metropolitan Statistical Area    In Recession
Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area    In Recession
Rochester, MN Metropolitan Statistical Area    In Recession
St. Cloud, MN Metropolitan Statistical Area    In Recession

Missouri    In Recession
Columbia, MO Metropolitan Statistical Area    In Recession
Jefferson City, MO Metropolitan Statistical Area    In Recession
Joplin, MO Metropolitan Statistical Area    In Recession
Kansas City, MO-KS Metropolitan Statistical Area    In Recession
Springfield, MO Metropolitan Statistical Area    In Recession
St. Joseph, MO-KS Metropolitan Statistical Area    In Recession
St. Louis, MO-IL Metropolitan Statistical Area    In Recession

Mississippi    In Recession
Gulfport-Biloxi, MS Metropolitan Statistical Area    In Recession
Hattiesburg, MS Metropolitan Statistical Area    In Recession
Jackson, MS Metropolitan Statistical Area    In Recession
Pascagoula, MS Metropolitan Statistical Area    In Recession

Montana    In Recession
Billings, MT Metropolitan Statistical Area    In Recession
Great Falls, MT Metropolitan Statistical Area    In Recession
Missoula, MT Metropolitan Statistical Area    In Recession

North Carolina    In Recession
Asheville, NC Metropolitan Statistical Area    In Recession
Burlington, NC Metropolitan Statistical Area    In Recession
Charlotte-Gastonia-Concord, NC-SC Metropolitan Statistical Area    In Recession
Durham, NC Metropolitan Statistical Area    In Recession
Fayetteville, NC Metropolitan Statistical Area    In Recession
Goldsboro, NC Metropolitan Statistical Area    In Recession
Greensboro-High Point, NC Metropolitan Statistical Area    In Recession
Greenville, NC Metropolitan Statistical Area    In Recession
Hickory-Lenoir-Morganton, NC Metropolitan Statistical Area    In Recession
Jacksonville, NC Metropolitan Statistical Area    In Recession
Raleigh-Cary, NC Metropolitan Statistical Area    In Recession
Rocky Mount, NC Metropolitan Statistical Area    In Recession
Wilmington, NC Metropolitan Statistical Area    In Recession
Winston-Salem, NC Metropolitan Statistical Area    In Recession

North Dakota    In Recession
Bismarck, ND Metropolitan Statistical Area    At Risk
Fargo, ND-MN Metropolitan Statistical Area    In Recession
Grand Forks, ND-MN Metropolitan Statistical Area    In Recession

Nebraska    In Recession
Lincoln, NE Metropolitan Statistical Area    In Recession
Omaha-Council Bluffs, NE-IA Metropolitan Statistical Area    In Recession

New Hampshire    In Recession
Manchester-Nashua, NH Metropolitan Statistical Area    In Recession
Rockingham County-Strafford County, NH Metropolitan Division    In Recession

New Jersey    In Recession
Atlantic City, NJ Metropolitan Statistical Area    In Recession
Camden, NJ Metropolitan Division    In Recession
Edison-New Brunswick, NJ Metropolitan Division    In Recession
Newark-Union, NJ-PA Metropolitan Division    In Recession
Ocean City, NJ Metropolitan Statistical Area    In Recession
Trenton-Ewing, NJ Metropolitan Statistical Area    In Recession
Vineland-Millville-Bridgeton, NJ Metropolitan Statistical Area    In Recession

New Mexico    In Recession
Albuquerque, NM Metropolitan Statistical Area    In Recession
Farmington, NM Metropolitan Statistical Area    In Recession
Las Cruces, NM Metropolitan Statistical Area    In Recession
Santa Fe, NM Metropolitan Statistical Area    In Recession

Nevada    In Recession
Carson City, NV Metropolitan Statistical Area    In Recession
Las Vegas-Paradise, NV Metropolitan Statistical Area    In Recession
Reno-Sparks, NV Metropolitan Statistical Area    In Recession

New York    In Recession
Albany-Schenectady-Troy, NY Metropolitan Statistical Area    In Recession
Binghamton, NY Metropolitan Statistical Area    In Recession
Buffalo-Niagara Falls, NY Metropolitan Statistical Area    In Recession
Elmira, NY Metropolitan Statistical Area    In Recession
Glens Falls, NY Metropolitan Statistical Area    In Recession
Ithaca, NY Metropolitan Statistical Area    In Recession
Kingston, NY Metropolitan Statistical Area    In Recession
Nassau-Suffolk, NY Metropolitan Division    In Recession
New York-White Plains-Wayne, NY-NJ Metropolitan Division    In Recession
Poughkeepsie-Newburgh-Middletown, NY Metropolitan Statistical Area    In Recession
Rochester, NY Metropolitan Statistical Area    In Recession
Syracuse, NY Metropolitan Statistical Area    In Recession
Utica-Rome, NY Metropolitan Statistical Area    In Recession

Ohio    In Recession
Akron, OH Metropolitan Statistical Area    In Recession
Canton-Massillon, OH Metropolitan Statistical Area    In Recession
Cincinnati-Middletown, OH-KY-IN Metropolitan Statistical Area    In Recession
Cleveland-Elyria-Mentor, OH Metropolitan Statistical Area    In Recession
Columbus, OH Metropolitan Statistical Area    In Recession
Dayton, OH Metropolitan Statistical Area    In Recession
Lima, OH Metropolitan Statistical Area    In Recession
Mansfield, OH Metropolitan Statistical Area    In Recession
Sandusky, OH Metropolitan Statistical Area    In Recession
Springfield, OH Metropolitan Statistical Area    In Recession
Toledo, OH Metropolitan Statistical Area    In Recession
Weirton-Steubenville, WV-OH Metropolitan Statistical Area    In Recession
Youngstown-Warren-Boardman, OH-PA Metropolitan Statistical Area    In Recession

Oklahoma    In Recession
Lawton, OK Metropolitan Statistical Area    In Recession
Oklahoma City, OK Metropolitan Statistical Area    In Recession
Tulsa, OK Metropolitan Statistical Area    In Recession

Oregon    In Recession
Bend, OR Metropolitan Statistical Area    In Recession
Corvallis, OR Metropolitan Statistical Area    In Recession
Eugene-Springfield, OR Metropolitan Statistical Area    In Recession
Medford, OR Metropolitan Statistical Area    In Recession
Portland-Vancouver-Beaverton, OR-WA Metropolitan Statistical Area    In Recession
Salem, OR Metropolitan Statistical Area    In Recession

Pennsylvania    In Recession
Allentown-Bethlehem-Easton, PA-NJ Metropolitan Statistical Area    In Recession
Altoona, PA Metropolitan Statistical Area    In Recession
Erie, PA Metropolitan Statistical Area    In Recession
Harrisburg-Carlisle, PA Metropolitan Statistical Area    In Recession
Johnstown, PA Metropolitan Statistical Area    In Recession
Lancaster, PA Metropolitan Statistical Area    In Recession
Lebanon, PA Metropolitan Statistical Area    In Recession
Philadelphia, PA Metropolitan Division    In Recession
Pittsburgh, PA Metropolitan Statistical Area    In Recession
Reading, PA Metropolitan Statistical Area    In Recession
Scranton–Wilkes-Barre, PA Metropolitan Statistical Area    In Recession
State College, PA Metropolitan Statistical Area    In Recession
Williamsport, PA Metropolitan Statistical Area    In Recession
York-Hanover, PA Metropolitan Statistical Area    In Recession

Rhode Island    In Recession
Providence-New Bedford-Fall River, RI-MA Metropolitan Statistical Area    In Recession

South Carolina    In Recession
Anderson, SC Metropolitan Statistical Area    In Recession
Charleston-North Charleston-Summerville, SC Metropolitan Statistical Area    In Recession
Columbia, SC Metropolitan Statistical Area    In Recession
Florence, SC Metropolitan Statistical Area    In Recession
Greenville-Mauldin-Easley, SC Metropolitan Statistical Area    In Recession
Myrtle Beach-North Myrtle Beach-Conway, SC Metropolitan Statistical Area    In Recession
Spartanburg, SC Metropolitan Statistical Area    In Recession
Sumter, SC Metropolitan Statistical Area    In Recession

South Dakota    In Recession
Rapid City, SD Metropolitan Statistical Area    In Recession
Sioux Falls, SD Metropolitan Statistical Area    In Recession

Tennessee    In Recession
Chattanooga, TN-GA Metropolitan Statistical Area    In Recession
Clarksville, TN-KY Metropolitan Statistical Area    In Recession
Cleveland, TN Metropolitan Statistical Area    In Recession
Jackson, TN Metropolitan Statistical Area    In Recession
Johnson City, TN Metropolitan Statistical Area    In Recession
Kingsport-Bristol-Bristol, TN-VA Metropolitan Statistical Area    In Recession
Knoxville, TN Metropolitan Statistical Area    In Recession
Memphis, TN-MS-AR Metropolitan Statistical Area    In Recession
Morristown, TN Metropolitan Statistical Area    In Recession
Nashville-Davidson–Murfreesboro–Franklin, TN Metropolitan Statistical Area    In Recession

Texas    In Recession
Abilene, TX Metropolitan Statistical Area    In Recession
Amarillo, TX Metropolitan Statistical Area    In Recession
Austin-Round Rock, TX Metropolitan Statistical Area    In Recession
Beaumont-Port Arthur, TX Metropolitan Statistical Area    In Recession
Brownsville-Harlingen, TX Metropolitan Statistical Area    In Recession
College Station-Bryan, TX Metropolitan Statistical Area    In Recession
Corpus Christi, TX Metropolitan Statistical Area    In Recession
Dallas-Plano-Irving, TX Metropolitan Division    In Recession
El Paso, TX Metropolitan Statistical Area    In Recession
Fort Worth-Arlington, TX Metropolitan Division    In Recession
Houston-Sugar Land-Baytown, TX Metropolitan Statistical Area    In Recession
Killeen-Temple-Fort Hood, TX Metropolitan Statistical Area    At Risk
Laredo, TX Metropolitan Statistical Area    At Risk
Longview, TX Metropolitan Statistical Area    In Recession
Lubbock, TX Metropolitan Statistical Area    In Recession
McAllen-Edinburg-Mission, TX Metropolitan Statistical Area    In Recession
Midland, TX Metropolitan Statistical Area    In Recession
Odessa, TX Metropolitan Statistical Area    In Recession
San Angelo, TX Metropolitan Statistical Area    In Recession
San Antonio, TX Metropolitan Statistical Area    In Recession
Sherman-Denison, TX Metropolitan Statistical Area    In Recession
Texarkana, TX-Texarkana, AR Metropolitan Statistical Area    At Risk
Tyler, TX Metropolitan Statistical Area    In Recession
Victoria, TX Metropolitan Statistical Area    In Recession
Waco, TX Metropolitan Statistical Area    In Recession
Wichita Falls, TX Metropolitan Statistical Area    In Recession

Utah    In Recession
Logan, UT-ID Metropolitan Statistical Area    In Recession
Ogden-Clearfield, UT Metropolitan Statistical Area    In Recession
Provo-Orem, UT Metropolitan Statistical Area    In Recession
Salt Lake City, UT Metropolitan Statistical Area    In Recession
St. George, UT Metropolitan Statistical Area    In Recession

Virginia    In Recession
Blacksburg-Christiansburg-Radford, VA Metropolitan Statistical Area    In Recession
Charlottesville, VA Metropolitan Statistical Area    In Recession
Danville, VA Metropolitan Statistical Area    In Recession
Harrisonburg, VA Metropolitan Statistical Area    In Recession
Lynchburg, VA Metropolitan Statistical Area    In Recession
Richmond, VA Metropolitan Statistical Area    In Recession
Roanoke, VA Metropolitan Statistical Area    In Recession
Virginia Beach-Norfolk-Newport News, VA-NC Metropolitan Statistical Area    In Recession
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division    In Recession
Winchester, VA-WV Metropolitan Statistical Area    In Recession

Vermont    In Recession
Burlington-South Burlington, VT Metropolitan Statistical Area    In Recession

Washington    In Recession
Bellingham, WA Metropolitan Statistical Area    In Recession
Bremerton-Silverdale, WA Metropolitan Statistical Area    In Recession
Kennewick-Pasco-Richland, WA Metropolitan Statistical Area    In Recession
Longview, WA Metropolitan Statistical Area    In Recession
Mount Vernon-Anacortes, WA Metropolitan Statistical Area    In Recession
Olympia, WA Metropolitan Statistical Area    In Recession
Seattle-Bellevue-Everett, WA Metropolitan Division    In Recession
Spokane, WA Metropolitan Statistical Area    In Recession
Tacoma, WA Metropolitan Division    In Recession
Wenatchee, WA Metropolitan Statistical Area    In Recession
Yakima, WA Metropolitan Statistical Area    In Recession

Wisconsin    In Recession
Appleton, WI Metropolitan Statistical Area    In Recession
Eau Claire, WI Metropolitan Statistical Area    In Recession
Fond du Lac, WI Metropolitan Statistical Area    In Recession
Green Bay, WI Metropolitan Statistical Area    In Recession
Janesville, WI Metropolitan Statistical Area    In Recession
La Crosse, WI-MN Metropolitan Statistical Area    In Recession
Madison, WI Metropolitan Statistical Area    In Recession
Milwaukee-Waukesha-West Allis, WI Metropolitan Statistical Area    In Recession
Oshkosh-Neenah, WI Metropolitan Statistical Area    In Recession
Racine, WI Metropolitan Statistical Area    In Recession
Sheboygan, WI Metropolitan Statistical Area    In Recession
Wausau, WI Metropolitan Statistical Area    In Recession

West Virginia    In Recession
Charleston, WV Metropolitan Statistical Area    In Recession
Huntington-Ashland, WV-KY-OH Metropolitan Statistical Area    In Recession
Morgantown, WV Metropolitan Statistical Area    In Recession
Parkersburg-Marietta-Vienna, WV-OH Metropolitan Statistical Area    In Recession
Wheeling, WV-OH Metropolitan Statistical Area    In Recession

Wyoming    In Recession
Casper, WY Metropolitan Statistical Area    In Recession
Cheyenne, WY Metropolitan Statistical Area    In Recession

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The Sundance Company helping spur growth in Meridian, Idaho

This summer, a new interchange will plow off the freeway and down onto Ten Mile Road in Meridian, Idaho – one of the fastest-growing cities in the greater Boise metropolitan area.

The offramp, scheduled to be completed in late 2011, will lead to hundreds of acres of empty fields – not the usual sight for a Treasure Valley interchange.

But with a source of steady traffic flowing through the area, which previously sat in the middle of the longest stretch of Interstate 84 in the Treasure Valley without an interchange, the land will be ripe for new development.
With that in mind, the city of Meridian, along with 500 affected individuals, came up with a 300-page plan for the area in June 2007. It sets guidelines for land use and transportation.

One broad goal is to bring in mixed-use buildings – buildings that will host shoppers, diners and businesspeople on the bottom floors and residents on the upper floors. The core area will be anchored by a transit center in the north and a commercial district in the south; it’s intended to host the Treasure Valley’s “most fashionable” retail center, according to the plan.
The newly developed Ten Mile area will aim for urban and pedestrian appeal, with buildings instead of parking lots framing the sidewalks and glassy storefronts and design details.

The plan recommends a building height limit of four stories in most areas, except those for high-density employment and a lifestyle center, where five to six stories will be allowed. It also includes an emphasis on parks and open space.
For now, no one has submitted a development proposal, though Mayor Tammy de Weerd said the city has had discussions with potential developers.

“As the economy and the interchange start to pick up, so will the development,” she said. “…Investment is attracted to a well-planned and well-defined area.”

That’s been the theory behind growth in what Meridian calls its Health Sciences and Technology Corridor along Eagle Road, which has been the site for some big building projects lately. Anchoring the corridor are institutions like Idaho State University, a St. Luke’s campus, Blue Cross, Urology Institute, Complex Care Hospital and Bodybuilding.com.
Right now construction is ongoing in the corridor at the Silverstone Corporate Plaza, a 124,000-square-foot office condominium developed by The Sundance Company and built by Jordan-Wilcomb Construction, both of Boise. Work began in October and is slated to be completed in August. The 124,000-square-foot Silverstone Corporate Plaza at 3421 E. Overland Road in Meridian, is an upscale office-condo building, in the Sundance-developed Silverstone Business Campus in the southeast quadrant of Overland and Eagle roads.

Also in the corridor, construction continues at Meridian’s Joint School District No. 2 site, where Idaho State University is building a new facility to house its health sciences program.

Two four-story, 80,000-square-foot medical office buildings were completed this winter at Portico, a 24-acre development nearby. It also includes a 134,000-square-foot office tower slated to be finished in November. Engineered Structures Inc., of Boise, is the general contractor for Portico and plans to move in to the new office building when it’s completed.
Work on a four-diamond hotel project in the Portico development is expected to start in the fall, though a brand has not been announced.

The Health Sciences and Technology Corridor came about naturally, as a result of private development decisions.
“It grew because it had those foundational pieces that people want to be near,” said Phil Stiffler, economic excellence coordinator for Meridian.

The city hopes to capitalize on the synergy created by businesses in similar fields operating in a defined geographic area. Stiffler said potential employees know there are multiple career opportunities nearby, and incoming businesses know there will be a trained work force and a solid neighborhood.

© 2009 Idaho Business Review

About The Sundance Company
The Sundance Company has become a development powerhouse with more than 30 years of successful history in Idaho’s Treasure Valley and the Boise metropolitan area. The Sundance Company is one of the few local companies that self-manages and maintains its own properties—enjoying higher occupancy levels and superior quality control for its projects.

Savvy tenants and buyers look to The Sundance Company for development; office, warehouse, and retail leasing; property management; build-to-suit/construction; and land and building sales. With more than 1.5 million square feet of prime office and industrial space in the greater Treasure Valley, The Sundance Company has the size and diversity to avoid the need for a “one-size-fits-all” approach—thereby assuring customized solutions that are genuinely tailored to each client’s needs.

Every project by The Sundance Company is conceived and executed with integrity, innovation, accountability, and dedication by a team of seasoned experts who always remains mindful not only of tangible aspects of a property transaction but also the intangible. The in-house management team values its personal connections and the relationship of trust it has created with its tenants and property owners, which include national and regional companies, some of whom have been in Sundance buildings for more than 15 years.

Recent transactions by The Sundance Company

The Sundance Company is pleased to announce the following commercial real estate transactions in the greater Boise metropolitan area:

  • Bodybuilding.com expanded to 21,184 square feet of office space in the Cedar Point Building, at the  Silverstone Business Campus in the southeast quadrant of Eagle and Overland roads in Meridian, Idaho. The Sundance Company handled the transaction.
  • Shamrock Coffee reopened under new ownership in the Blackeagle Center, at the northwest corner of Overland and Maple Grove roads in Boise, Idaho. The retail space is 1,489 square feet. Joel Harper of Laska Co. represented the tenant. The Sundance Company represented the property owner.
  • CompUSA Retail Inc. leased 6,654 square feet of offic space at the Cedar Point Building, 2090 S. Silverstone Way, in the Silverstone Business Campus in Meridian, Idaho. The Sundance Company handled the transaction. The company is launching sales offices in the Boise area and in Sioux City, S.D.

Silverstone Business Campus story

Here is a story about the Silverstone Business Campus that appeared in the Idaho Business Review in 2008.

The Sundance Company recently started building the 124,000-square-foot Silverstone Corporate Plaza at 3421 E. Overland Road in Meridian, Idaho. The upscale office-condo building, in the Sundance-developed Silverstone Business Campus in the southeast quadrant of Overland and Eagle roads, will include sizable space for Home Federal Bank.

“By developing this project as an office condominium, we hope to provide our clients with the flexibility to either own or lease high-quality office space in a magnitude unprecedented in the Valley,” Sundance Chief Operating Officer Travis Anderson said in a release. “We believe this was a key factor in the selection of the Silverstone Corporate Plaza by Home Federal Bancorp for executive offices and a drive-through banking branch.”

Home Federal President and CEO Len Williams said in an interview that the bank plans to occupy about 12,000 square feet of office space. The bank will relocate some commercial loan officers, residential mortgage lenders and some executive offices to Silverstone Corporate Plaza.

“At this point our corporate headquarters remains in Nampa, but we will have some executive office space in the new Silverstone building,” he said. Home Federal will own its office space and the full-service bank branch.

The branch will be about 8,000 square feet, built on adjacent property and attached to Silverstone Corporate Plaza, Williams said. Drive-through banking facilities will be sited under the building.

Anderson said in the release that The Sundance Company likely will move its corporate office to Silverstone Corporate Plaza, which “stands to become Sundance’s flagship property.” Sundance now is based in the Blackeagle Business Center, at Overland and Maple Grove roads in southwest Boise.

Silverstone Corporate Plaza is slated for completion by mid-summer 2009.

The Sundance Company, one of the largest commercial real estate developers in the Boise area, said the availability of on-site concierge services, shared-use conference, board and training rooms, and projected on-site executive suites “will provide the flexibility and efficiency expected from today’s sophisticated consumer.”

“The service infrastructure that will be incorporated into this project will not only be a benefit to the tenants of the Silverstone Corporate Plaza, it will also allow Sundance to continue to exceed the service needs of our entire client base,” Sundance President Chris Anderson said.

Interior finishes will include mosaic glass and tile, artisan wall coverings, and domed ceilings. Among other planned features are a slab granite façade, covered executive parking, a “generous parking ratio” an “ample tenant improvement allowance” and the availability of owner financing, Sundance said.

© 2009 Idaho Business Review

Categories: Uncategorized

Silverstone Business Campus welcomes new tenant

Software company Neoreef is taking advantage of economic downtimes to move its offices from a location near downtown Boise to The Sundance Company’s Silverstone Business Campus in Meridian, Idaho.

The SilverStone Business Campus is a 90-acre master planned employment center centrally located in Meridian – one of the most rapidly growing cities in the Boise metropolitan area. The campus is ideally located 1/4 mile from Interstate 84 at the Eagle Interchange, and there are more than 1 million square feet of tenant amenities within minutes of the SilverStone Business Campus.

“Right now it’s an ideal time in the commercial real estate market – prices are down. You have the opportunity to renegotiate your lease for a lower rate, or move to something nicer at the same rate you were paying,” said company president and CEO Brian Ernesto. “We moved to a much nicer office in a lot better location – it’s been a very positive move for us.”

The new 1,300-square-foot location, at 1880 S. Cobalt Point Way, Suite 210, is larger than the company’s previous 1,200 square feet, but Ernesto said the real advantage is better access to clients and shortened drive times for employees.

He said while the company has experienced a lull over past year, the new space also offers more flexibility for expansion.

“We’re still growing. Things are definitely slowed down from the rapid, break-neck growth we were seeing last year … (but) we’re still finding that we’re getting some really nice clients this year,” Ernesto said.

“Our old location was nice on the inside, but the location wasn’t necessarily representative of the company we are,” Ernesto said. “The companies that we’re near now are similar to the types of clients we represent.”

© 2009 Idaho Business Review

The Sundance Company’s Build-to-Suit Capabilities

The Sundance Company prides itself on its ability to provide options and tailor solutions to its client’s needs.  The Sundance Company offers a multitude of possibilities with its build-to-suit options throughout the Treasure Valley, including in Boise, Meridian, and Nampa.

If the current market does not offer what your business is looking for, you can now consider designing and building a facility to suit your needs, rather than renewing your current lease or settling for an “as is” building. Build-to-suit opportunities represent just one of the alternatives available to companies in today’s complex commercial real estate environment. Many executives procuring space for their companies find a build-to-suit option most advantageous, and The Sundance Company can effectively and efficiently assist you with your needs.

Meeting customer-specific demand and delivering customized solutions is the foundation of The Sundance Company’s build-to-suit program. We collaborate and work with customers to manage the entire build-to-suit process, including site selection, land acquisition, facility specifications, permitting, construction and ownership.
The development and proven structure of The Sundance Company’s build-to-suit project team benefits our customers through its articulation of a clear mission and direction.

    For more than 30 years, The Sundance Company has developed millions of  square feet of build-to-suit space in the Treasure Valley and greater Boise metropolitan area in response to customer-specific demand and specifications driving the design and development of each project.

    For more information about your commercial real estate options, including build-to-suit opportunities, simply give us a call at our Boise office at (208) 322-7300.

    The Sundance Company prides itself on its ability to provide options. Whether you are looking to purchase land or prefer a build-to-suit, The Sundance Company offers a multitude of possibilities with its land development and build-to-suit options throughout the Treasure Valley, including in Boise, Meridian, and Nampa.

    If the current Boise Treasure Valley market does not offer what your business is looking for, you can now consider designing and building a facility to suit your needs, rather than renewing your current lease or settling for an “as is” building. Build-to-suit opportunities represent just one of the alternatives available to companies in today’s complex commercial real estate environment. Many executives procuring space for their companies find a build-to-suit option most advantageous, and The Sundance Company can effectively and efficiently assist you with your needs.

    For more information about your commercial real estate options, including build-to-suit opportunities, simply give us a call at our Boise office at (208) 322-7300.

    The Sundance Company’s recent transactions

    The Sundance Company is pleased to announce the following commercial real estate transactions in the greater Boise metropolitan area:

    • The College of Western Idaho leased the 52,260-square-foot Pintail Center, 1360 S. Eagle Flight Way in Boise’s Blackeagle Center. Move-in is expected this fall. Colliers International represented the tenant. The Sundance Company represented the property owner.
    • Brown Mackie College expanded to 27,784 square feet in Blackeagle Plaza, in Blackeagle Center at Overland and Maple Grove roads, Boise. The Sundance Company represented the property owner.
    • Ace Industrial expanded to 2,451 square feet in Boise Office Center, 7211 Franklin Road, Boise. The Sundance Company handled the transaction.
    • Advance Counseling Center expanded to 904 square feet at the Stonegate complex, 2995 S. Cole Road, Suite 200-B, Boise. The Sundance Company represented the property owner.
    • Spencer Fluid Dynamics renewed a 3,630-square-foot lease in South Cole Business Center, 7415 W. Mossy Cup, Boise. Mohr Partners Inc. represented the tenant. The Sundance Company represented the property owner.
    • Mutual of Enumclaw, an insurance company, renewed a 4,450-square-foot lease at Red Hawk Court, in Blackeagle Business Center, Overland and Maple Grove roads, Boise. The Sundance Company represented the property owner.
    • Advanced Open Imaging renewed a 3,322-square-foot lease in Silverstone Park, Meridian. The space is at 3581 Overland Road, in the Silverstone Point Building. The Sundance Company represented the property owner.
    • JUB Engineers renewed a 3,120-square-foot lease in Boise Office Center, at Franklin and Cole roads. The Sundance Company represented the property owner.
    • Vision Point Optical renewed a 1,720-square-foot lease at 9460 Fairview Ave. in Boise’s West Valley Business Center. The Sundance Company represented the property owner.
    • The U.S. Army renewed a 630-square-foot lease in West Valley Business Center on West Fairview Avenue in Boise. The Sundance Company represented the property owner.