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Kraus-Anderson completes $4.8 million University of Minnesota Bee Research Laboratory

August 25, 2016 Located at 1634 Gortner Avenue on the university’s St. Paul campus, the UMN Bee Research Laboratory will facilitate groundbreaking work on bee health and biodiversity. Read more...

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

Fifield Realty Corp. adds Justin Pease as VP of asset management

August 25, 2016 In this role, Pease is responsible for managing a portfolio of seven multifamily assets in Chicago and Texas for which he will create and implement asset-specific business plans and drive the financial performance of the portfolio. Read more...

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

The big news from Louisville Commercial Real Estate Summit? CRE market here not nearly ready for a slowdown

August 25, 2016 Louisville remains one of the hottest commercial real estate markets in the Midwest. That explains the big crowd that gathered at The Seelbach Hilton Louisville for Midwest Real Estate News' Louisville Commercial Real Estate Summit. A crowd filled with the top names in the region's CRE industry, attended to hear the good news about Louisville's apartment, retail, office and industrial markets. The takeaway from the conference? The Louisville region has plenty of deals, sales and new development in the pipeline. Read more...

Midwest Real Estate News, News Comments (0)

Bob Galante joins The McShane Companies as chief financial officer

August 24, 2016 Galante has more than 30 years of experience within the commercial real estate development and construction industries with a strong planning and analysis background. Read more...

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

Friedman sells five-building multifamily property in Trenton, Michigan

August 24, 2016 Friedman Integrated Real Estate Solutions recently sold Nottingham Knolls, a five-building, 82-unit multifamily property located at 3649 Van Horn Road, in Trenton, Michigan. Read more...

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A new era at JLL: CRE firm names new CEO

August 24, 2016 JLL has made a big change at the top, naming Christian Ulbrich as the company's new chief executive officer. He will take over the position on Oct. 1. Read more...

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

Lots of movement in Chicago’s CBD: Office tenants actively seeking area for their new space

August 24, 2016 Office especially saw an impressive second quarter in the Central Business District (CBD), where vacancy decreased from 11.97 percent to 11.65 percent—the lowest it’s been since 2008, according to MB Real Estate’s Q2 Chicago CBD research report. Read more...

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

10 & 120 South Riverside Plaza in Chicago’s West Loop close to reaching full occupancy

August 24, 2016 Ivanhoé Cambridge and Callahan Capital Properties (CCP) announced seven lease transactions totaling approximately 150,000 square feet at 10 & 120 South Riverside Plaza, a two-building, 1.4 million-square-foot office complex in the heart of downtown Chicago. Read more...

Illinois Real Estate Journal, News Comments (0)

Public-private partnerships gain ground as innovative solution for funding real estate development projects

August 24, 2016 Federal, state and local government agencies have significant real estate needs, including the necessity of repairing and replacing aging infrastructure and utilities. But these agencies are finding it increasingly challenging to find the funding to pay for the development of their properties. As a solution, public-private partnerships (P3s) are gaining ground as a viable funding source for real estate development projects. This is an approach that is catching the attention of not only developers, but also government leaders looking for innovative ways to fund their community infrastructure needs. Read more...

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

Venture partners pay $7.25M for ground-level retail space next to McDonalds’ new HQ

August 23, 2016 The buyer, a partnership between R2 and Marc Realty Capital, paid $7.25 million for the property. Existing tenants include the classic French restaurant La Sardine, and Subway. Read more...

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

Construction on a new Will County Justice Center in Joliet to break ground in spring 2018

August 23, 2016 This new center will replace the aging adjacent structure with a modern justice facility featuring the latest advancements in security screening, courtroom technologies, energy management, and sustainable design strategies which are characteristic of Wight & Company’s Design & DeliverySM platform. Read more...

Illinois Real Estate Journal, News Comments (0)

Sterling Bay, J.P. Morgan get $78 million in construction financing for Fulton West Phase II

August 23, 2016 Holliday Fenoglio Fowler, L.P. has secured $78 million in construction financing for the development of Fulton West Phase II, a nine-story, 290,699-square-foot, creative office building in Chicago’s West Loop. Read more...

Illinois Real Estate Journal, News Comments (0)

Cushman & Wakefield launches Automotive Specialty Practice Group

August 23, 2016 The new group includes a global, cross-discipline team of experienced and accomplished real estate and business advisors to auto manufacturers, suppliers, distributors and retailers. Read more...

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Namdar Realty Group completes all-cash deal for Salem Plaza shopping center in Dayton, Ohio

August 23, 2016 The 141,616-square-foot Salem Plaza shopping center in Dayton, Ohio, was recently purchased by Namdar Realty Group in all-cash transaction with plans to retain and operate the property long-term. Read more...

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VanTrust breaks ground on 6650 Building, its new medical, office building in Overland Park, Kansas

August 23, 2016 Situated on 5.29 acres, the three-story building is a ground-up redevelopment that will house the new corporate headquarters and flagship imaging center for Diagnostic Imaging Centers, a premier, locally-owned, outpatient imaging provider. Read more...

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Former Hostess site in Schiller Park to be redeveloped into O’Hare distribution space

August 23, 2016 Located at 9555 & 9655 West Soreng Avenue, the property was formally the home to a Hostess and Twinkie plant where it produced sweets for 84 years. Read more...

Chicago Industrial Properties, News Comments (0)

Illinois Industrial Tool’s new 166,000-square-foot lease in Lockport prompts Panattoni to expand campus

August 23, 2016 With this lease signed shortly after the spec building’s completion, only 62,598 square feet remains available for lease in building No. 2, prompting Panattoni to announce the development of a third spec building on the site. Read more...

Chicago Industrial Properties, News Comments (0)

Five Midwest regions ranked among the top distribution markets by JLL

August 23, 2016 Five Midwest regions rank among the top distribution markets in the United States, according to a new industrial report from JLL. Read more...

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

CoreNet Global Ohio Kentucky Chapter appoints 2016 Board of Officers

August 22, 2016 The Ohio Kentucky Chapter of CoreNet Global is proud to announce the election of the following Board of Officers for 2016-2017 including several newly elected Board Members at Large. Read more...

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NAI Everest announces addition of Tom Backstrom as a vice president

August 22, 2016 Backstrom brings 45 years of hands on involvement on more than 50,000 units to his new role. Read more...

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