Archive | April, 2010

Harrison Street Real Estate Capital enters into $100M joint venture

April 16, 2010 Chicago-based Harrison Street Real Estate Capital has entered into a $100 million joint-venture relationship with The Northbridge Companies of Burlington, Mass and its partner Sandy River II of Portland, Maine. Read more...

Illinois Real Estate Journal, News Comments (0)

Grubb & Ellis represents Memorylink in relocation

April 16, 2010 Grubb & Ellis Co. has represented Memorylink in the lease of 9,314 square feet of office space located at 590 Tollgate Road in Elgin. Read more...

Illinois Real Estate Journal, News Comments (0)

Bank consolidations to slow CRE recovery

April 15, 2010 While the worst of the recession may be over, fundamental problems will persist in the financial and commercial real estate markets well into 2011, agreed a panel of experts. Read more...

Illinois Real Estate Journal, News Comments (0)

Vacancy rises in 1Q10, construction at historic lows

April 15, 2010 Industrial vacancy continues to rise in the majority of Chicago markets as overall vacancy increased from 11.4 percent to 11.6, according to Cushman & Wakefield of Illinois Inc. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal, News Comments (0)

NAI Hiffman helps OKAYA USA purchase Illinois office building

April 15, 2010 OKAYA USA, Inc., the US affiliate of the Japan-based import-export company OKAYA & Co., Ltd., has purchased a 23,910-square-foot office building in Arlington Heights, Ill. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News Comments (0)

Going green in Minnesota: You could drink the water at this car wash

April 15, 2010 The recycled water at Green Planet Car Wash in Lakeville, Minn., is more than clean enough for the SUVs, station wagons and sedans that pour into the busy car wash each day. It's even clean enough for the drivers of these vehicles to drink. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News Comments (1)

Walker & Dunlop earns top ranking from bankers

April 14, 2010 Bethesda, Md.-based Walker & Dunlop, which is opening a new office in Chicago, has earned a place in the top 10 of U.S. commercial lenders according to the Mortgage Bankers Association's Annual Origination Rankings. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News Comments (0)

Marcus & Millichap report: Tough times for Twin Cities’ office market

April 14, 2010 While office-using employers in the Minneapolis/St. Paul area will add to payrolls this year, property fundamentals will remain weak as employers backfill space rather than expand, according to the 2010 National Office Report by Marcus & Millichap. Read more...

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Associated Bank starts 2010 with pair of loans in Twin Cities

April 14, 2010 Associated Bank's commercial real estate group began the first quarter of 2010 with two new construction loans totaling nearly $12 million. The loan facilities, which closed in the first two months of 2010, finance ground-up construction projects in the Minneapolis/St. Paul metro area. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News Comments (0)

Marcus & Millichap negotiates sale of apartments in Indiana

April 14, 2010 Marcus & Millichap Real Estate Investment Services recently facilitated the sale of Villa Moderne, a 58-unit apartment property located in Valparaiso, Ind. Read more...

Midwest Real Estate News, News Comments (0)