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    Aaron Moore, JLL                    
 

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Innovation and technology mitigate impact of rising construction costs

January 18, 2017 The cost of new development is rising in the Chicago area and across the country, driven in part by increasing labor costs and risk-adverse lenders. On the plus side, construction firms are getting better at using technology and lean processes to save time and money while improving the quality of projects. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News

‘Real estate is art’ for Chicago real estate veteran Nikitas of Avison Young

January 17, 2017 Danny Nikitas has been a long-standing fixture within the Chicago real estate market. Now, set to speak at Real Estate Publishing Group's 15th Annual Commercial Real Estate Forecast Conference on Wednesday, Nikitas reflects on how he first got started and where his career has taken him. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal, Midwest Real Estate News, News

Minneapolis’ New Perspective Senior Living hires new COO

January 17, 2017 Minneapolis-based New Perspective Senior Living has hired former Brookdale executive Chris Hyatt as partner, investor and chief operating officer. In this new position, Hyatt will be responsible for the day-to-day operations of the organization. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News, People on the Move

Avison Young brokers sale of four-story office building in Nashville

January 17, 2017 Avison Young has brokered the sale of Horizon Center located at 9020 Overlook Boulevard in Brentwood, Tennessee to an investment group led by Chicago-based TRP Investments, LLC. Situated on eight acres, the 104,899-square-foot property sold for $20,850,000. Read more...

Midwest Real Estate News, News

Indiana Commercial Board of Realtors names executive officers

January 17, 2017 The Indiana Commercial Board of Realtors prepared for 2017 by naming a new slate of officers to guide the organization. Read more...

Midwest Real Estate News, News, People on the Move

Duke Realty-led Cincinnati hospital extension wins major industry award

January 17, 2017 A Duke Realty-developed medical facility in Cincinnati – the expanded TriHealth Bethesda Butler Hospital – has been named the 2016 winner in the hospital category of Healthcare Real Estate Insights magazine’s annual awards program. The award was presented last week during the RealShare Healthcare Real Estate conference in Scottsdale, Arizona. Read more...

Midwest Real Estate News, News

Building the 20-minute neighborhood in Detroit

January 17, 2017 Developers delivered 543 apartment units to downtown Detroit in 2016, and JLL estimates that they'll bring 1,607 more this year. This is good news for the city, which is still working through the first phase of its comeback from bankruptcy. Read more...

Midwest Real Estate News, News

The Habitat Company gains managerial rights to 4 Chicagoland properties totaling nearly 1,000 units

January 16, 2017 The Habitat Company acquired the management rights for four properties -- three in Chicago and one in Prospect Heights, Illinois. The condominium properties complete a 30 percent bump in its management portfolio over the last five months. Read more...

Illinois Real Estate Journal, News

McShane Construction picked to build Interforum’s 315-unit apartment complex in Oak Brook

January 16, 2017 McShane Construction Company recently won the construction contract to a 315-unit apartment complex in Chicago's western suburb, Oak Brook, Illinois. Read more...

Illinois Real Estate Journal, News

Public relations specialist Sherman named partner, president at Endura Communications

January 16, 2017 A 10-year industry veteran, Sherman, a vice president with Endura Communications, was named as the company's newest partner, president. Read more...

Illinois Real Estate Journal, News, People on the Move

Cushman & Wakefield/Commercial Kentucky sells 80,000-square-foot industrial building

January 16, 2017 Cushman & Wakefield/Commercial Kentucky recently represented the seller in the sale of an 80,260-square-foot industrial building in the Kingbrook Commerce Park in Simpsonville, Kentucky. Read more...

Midwest Real Estate News, News

Signature Associates adds to brokerage team in Toledo

January 16, 2017 Kevin McCarthy has joined the brokerage division of the Toledo, Ohio, office of Signature Associates. Read more...

Midwest Real Estate News, News, People on the Move

Destination suburbs: The new choice for aging Millennials

January 16, 2017 As Millennials grow older, more will look for urban experiences in the suburbs. It's a trend that is already starting. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News

Mortenson chooses design team for Discovery Square project in Minnesota

January 16, 2017 Mortenson has selected the design team of RSP Architects and HOK for the first phase of the Destination Medical Center's Discovery Square project in Rochester, Minnesota. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News

PCCP closes $50 million loan for acquisition of 304-room hotel on University of Minnesota campus

January 16, 2017 PCCP, LLC has originated a $50.8 million senior loan to AJ Capital Partners for the acquisition of the leasehold interest and re‐positioning of The Commons, an independent, 304‐key, full-service hotel in Minneapolis. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News

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