New Downtown HQ

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RNcyanide
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Post by RNcyanide »

Didn't someone on this board who works for Pac Life say that they had no immediate plans to change their presence in Omaha?
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Post by skinzfan23 »

RNcyanide wrote:Didn't someone on this board who works for Pac Life say that they had no immediate plans to change their presence in Omaha?
Yeah, I currently work for Pacific Life, they are definitely not moving their HQ's to downtown Omaha.  They have a presence in Omaha as a domicile HQ to save on taxes from the state of California, but they are not looking to move the HQ here.  I wish it were true, but unfortunately that is a rumor.  :cry:
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Post by MadMartin8 »

I wonder who's right...S33 or Skinz.


I feel as though we need to have a battle in the Thunderdome to decide.
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Post by Guest »

S33 never said PacLife was moving their HQs here.

I guess we'll see in what continues to be the board's most intriguing rumor.
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Post by NovakOmaha »

MadMartin8 wrote:I wonder who's right...S33 or Skinz.


I feel as though we need to have a battle in the Thunderdome to decide.
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RNcyanide
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Post by RNcyanide »

skinzfan23 wrote:
RNcyanide wrote:Didn't someone on this board who works for Pac Life say that they had no immediate plans to change their presence in Omaha?
Yeah, I currently work for Pacific Life, they are definitely not moving their HQ's to downtown Omaha.  They have a presence in Omaha as a domicile HQ to save on taxes from the state of California, but they are not looking to move the HQ here.  I wish it were true, but unfortunately that is a rumor.  :cry:
That's what I thought. Damn shame.

How hilarious would it be if Buffett pulled a new downtown HQ out of thin air?
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Post by guitarguy »

Wow you guys crack me up haha someone said it right a few posts back saying they highly doubt a company thats been HQ'd in Cali for 150+ years is going to relocate their HQ to Omaha. Its just as good seeing a big company like this gobble up a lot of the corporate vacancy around town since the demand will start the discussion for a major increase in corporate office space. Keep your heads up fella's in time Omaha will build a new tower. In fact the Shamrock Development has a real chance of effecting the skyline by filling in dead space.
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RNcyanide
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Post by RNcyanide »

guitarguy wrote:Wow you guys crack me up haha someone said it right a few posts back saying they highly doubt a company thats been HQ'd in Cali for 150+ years is going to relocate their HQ to Omaha..

Yeah!!! That's me!  :mrgreen:
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Post by guest2 »

Interesting to see how far this board has fallen.  At one point this board had real inside information. Now all we get from this is either bickering or empty claims that never pass.

Continue on with your bickering.
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Post by RNcyanide »

guest2 wrote:Interesting to see how far this board has fallen.  At one point this board had real inside information. Now all we get from this is either bickering or empty claims that never pass.

Continue on with your bickering.
After the Ardent letdown, that was really the end of the information. Now it's people unsheathing their 700' tower boners. Sometimes I feel like it's easy to distracted by the idea of pretty buildings decorating the skyline and lose sight of the jobs that are provided and the revenue the businesses who own them create.
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Post by Coyote »

I have to admit to being in the party of tower envy years ago, but I now would also rather see companies moving jobs Downtown, with more people moving into Apartments and Condos, followed closely by the service industry.
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RNcyanide
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Post by RNcyanide »

Exactly.

Now back to the topic of the tarring followed by the feathering of a one, S33...
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Post by MadMartin8 »

I'm confused as to where to bickering is. I love a good bickering match, but I don't see one.
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Post by guitarguy »

If anything we are just a bunch of el tower nerdos doing the Omaha tower calling ritual in hopes of new construction downtown. But there is definitely no bickering... maybe we don't have so called insider information but when it comes down to it how good was the 'insider info' in the past that ended up producing exactly squat?
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Post by iamjacobm »

guest2 wrote:Interesting to see how far this board has fallen.  At one point this board had real inside information. Now all we get from this is either bickering or empty claims that never pass.

Continue on with your bickering.
I think people here have real inside info from time to time.  A lot of times you can't just go spilling on deals that aren't done yet though.
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Post by RNcyanide »

guest2 wrote:Interesting to see how far this board has fallen.  At one point this board had real inside information. Now all we get from this is either bickering or empty claims that never pass.

Continue on with your bickering.
Perhaps Guest2 was referring to the whole board? In which case, if they want to see real bickering, they should check out http://www.city-data.com/forum/omaha. Billiefan2000 and Bosco tear into each other on a daily basis.
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S33
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Post by S33 »

Nobody, at least not me, EVER said anything about a tower, or even a new building, for that matter. However, what I did say, was that a good friend of mine did and is currently, in fact, interviewing for a vice president position, and was informed that Pac Life is moving a lot of jobs to Omaha with the intent of making it a secondary headquarters and will handle ALL new, incoming group health clients.

That's all I said, but I won't fault any of you for dismissing this rumor, as I am quick to call BS on all the others.

But don't count this out, yet. Just because an individual works for Pacific Life does not necessarily mean they have the inside scoop.

And I would like to point out that I have never (at least in my memory) pretended to have any sort of significant inside scoop on anything, and the only reason why I even bothered to post this was because I knew it was from a reliable source, and that it may help validate a lot of what I've read on this forum.
Last edited by S33 on Mon Jul 22, 2013 10:21 pm, edited 1 time in total.
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Post by MadMartin8 »

S33 wrote:Nobody, at least not me, EVER said anything about a tower, or even a new building, for that matter. However, what I did say, was that a good friend of mine did and is currently, in fact, interviewing for a vice president position, and was informed that Pac Life is moving a lot of jobs to Omaha with the intent of making it a secondary headquarters and will handle ALL new, incoming group health clients.

That's all I said, but I won't fault any of you for dismissing this rumor, as I am quick to call BS on all the others.

But don't count this out, yet. Just because an individual works for Pacific Life does not necessarily mean they have the inside scoop.

Bingo. I won't stop believin'!
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Post by Coyote »

MadMartin8 wrote:Bingo. I won't stop believin'!
Damn you, I've been trying to get that Journey song out of my mind for at least a week now...  :x
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Post by RNcyanide »

One could hope, I suppose. Maybe if they did move more jobs here, they could fill in the space in Coventry.
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Post by guest2 »

S33...

I appreciate your posts, almost all of them.  I'm sorry I doubted you and I apologize. I don't care about a tower right now, heck even the HQ.  I quickly believed you and then felt let down.  Not your fault.  If we become a secondary hq with thousands of new jobs,you couldn't make me any happier.  

Order of importance, I'm sure you'll agree:
1) New jobs
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2) in downtown
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3) in a high rise.
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Post by RNcyanide »

S33 wrote:Nobody, at least not me, EVER said anything about a tower, or even a new building, for that matter. However, what I did say, was that a good friend of mine did and is currently, in fact, interviewing for a vice president position, and was informed that Pac Life is moving a lot of jobs to Omaha with the intent of making it a secondary headquarters and will handle ALL new, incoming group health clients.

That's all I said, but I won't fault any of you for dismissing this rumor, as I am quick to call BS on all the others.

But don't count this out, yet. Just because an individual works for Pacific Life does not necessarily mean they have the inside scoop.

And I would like to point out that I have never (at least in my memory) pretended to have any sort of significant inside scoop on anything, and the only reason why I even bothered to post this was because I knew it was from a reliable source, and that it may help validate a lot of what I've read on this forum.
If this does happen, I wonder if there would be enough office space in Landmark to accommodate the influx of employees.
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Post by Guest »

I think the Landmark is pretty well full, isn't it? I did some work in there 5 or so years ago, and it sure seemed that way.
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Post by RNcyanide »

Anonymous wrote:I think the Landmark is pretty well full, isn't it? I did some work in there 5 or so years ago, and it sure seemed that way.
Welp, they gotta go somewhere... What else is vacant downtown?
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Post by S33 »

RNcyanide wrote:
Anonymous wrote:I think the Landmark is pretty well full, isn't it? I did some work in there 5 or so years ago, and it sure seemed that way.
Welp, they gotta go somewhere... What else is vacant downtown?
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Post by iamjacobm »

RNcyanide wrote:
Anonymous wrote:I think the Landmark is pretty well full, isn't it? I did some work in there 5 or so years ago, and it sure seemed that way.
Welp, they gotta go somewhere... What else is vacant downtown?
I can't for the life of me remember where I got this in my head, but I think there are 3 floors in Landmark open and a decent amount of space in the Central Park Plaza buildings.  I would assume the World Herald Building has some room too.

If they move a large number though we really don't have a block of space anywhere big enough.
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Post by MadMartin8 »

I've noticed as I have been hunting for a full time job that there have been quite a few Pacific Life positions posted here in Omaha. Probably nothing out of the normal to anyone else, but it stood out to me.
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Post by RNcyanide »

iamjacobm wrote:
RNcyanide wrote:
Anonymous wrote:I think the Landmark is pretty well full, isn't it? I did some work in there 5 or so years ago, and it sure seemed that way.
Welp, they gotta go somewhere... What else is vacant downtown?
I can't for the life of me remember where I got this in my head, but I think there are 3 floors in Landmark open and a decent amount of space in the Central Park Plaza buildings.  I would assume the World Herald Building has some room too.

If they move a large number though we really don't have a block of space anywhere big enough.
I know they gave some room in the OWH building to BH employees and to another company not too long ago... But I totally forgot about the Central Park Plaza buildings.
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Post by NovakOmaha »

According to Loopnet the following buildings have the following vacant space:

Woodman Tower: 12,000
First National Center: 13,000
First National Tower: 30,000 including the entire 32nd floor, 16,000 square feet
World Herald Building: about 100,000 square feet
1200 Landmark: almost 20,000

There are class B buildings available and some rehab opportunities as well.  The World Herald building available space includes a lot of sublease through 2016.
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wasn't there just an article saying someone was moving into that space in the world herald building? And I'm kind of surprised FNBT isn't full!
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Post by NovakOmaha »

Anonymous wrote:wasn't there just an article saying someone was moving into that space in the world herald building? And I'm kind of surprised FNBT isn't full!
Here's a story from the owh about a Berkshire unit taking 27,000 square feet, a whole floor, in the OWH Building, and COR taking about 20,000 in 1200 Landmark Center.

In the "Take it with however many grains of salt" department, there were a couple of interesting quotes in the same article.


"J.P. Raynor of Investors Realty said the downtown market has benefited also from the conversion of deteriorated office buildings into trendy apartments, as well as key purchases or leases of vacant space. He cited, for instance, KETV's decision to buy and rehabilitate the old Burlington Station.

Raynor said a client is on the lookout for up to 100,000 square feet upon which to build and is focusing on downtown. His Investors Realty team, he said, is tracking 30 potential tenants searching for a total of up to 850,000 square feet in Omaha."
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Post by Coyote »

Above Quotes were from (7/14 OWH) Article:

2 office moves latest in downtown Omaha's awakening
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Post by Hawkeye »

NovakOmaha wrote:According to Loopnet the following buildings have the following vacant space:

Woodman Tower: 12,000
First National Center: 13,000
First National Tower: 30,000 including the entire 32nd floor, 16,000 square feet
World Herald Building: about 100,000 square feet
1200 Landmark: almost 20,000

There are class B buildings available and some rehab opportunities as well.  The World Herald building available space includes a lot of sublease through 2016.


The average square footage per worker for the typical office is somewhere around 200sf.  So if Pac Life moved let's say 1000 workers to Omaha and wanted them all in the same space, they'd need at least 200,000sf to accommodate them.  

Ol' Hawkeye has no idea how many employees they may have in Omaha ultimately.  And the 200sf number may continue to shrink as virtual workforces take greater hold over the coming years.  

But for now, if they were to stay with the average and wanted even 500 employees in the same location, they'd BARELY fit in the available space in the World Herald Bldg.  

So while many of us do get over-excited and jump the gun dreaming of gleaming new high-rise construction downtown, if Pac Life wanted a downtown presence, wanted their workforce consolidated, had a workforce of any particular size, and wanted it to happen any time soon.....building new may not just be AN option, it could be the ONLY option to fit those particular circumstances.
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Post by iamjacobm »

For a little reference that 9 story Pacific Life building posted on the second page of this thread is 246,000 sq ft and holds "approximately 1000."
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Post by iamjacobm »

Ok this could mean something or it could mean nothing.  I went to the website of the overall development where the 9 story Pac Life building is located, I followed the link to the facebook page of that development and interestingly enough this picture was posted on the page...

Image

I am probably looking way too much into things, but someone from the CA development company had to be in downtown Omaha to take that pic didn't they?
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Can you link the facebook page?
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iamjacobm
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Post by iamjacobm »

There are also a handful of pictures of Omaha on their Instagram from May...

http://instagram.com/summitofficecampus
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Post by MadMartin8 »

First of all, amazing find good sir. I love this forum's ability to find |expletive| out, you rock.

Second, so is this a Development company that has our photos I assume?
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Post by iamjacobm »

MadMartin8 wrote:First of all, amazing find good sir. I love this forum's ability to find |expletive| out, you rock.

Second, so is this a Development company that has our photos I assume?
It's the development company that built the Pac Life building pictured on the second page.  I don't see much reason for them to be here unless they are working on something for Pac Life here.
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