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NAREIT names new chairman

December 08, 2016 The National Association of Real Estate Investment Trusts in early November announced the election of its 2017 officers, as well as the members of its executive board, the organization’s governing board, and its advisory board of governors. Read more...

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Midwest Industrial Funds purchases 158,000-square-foot industrial building in West Chicago

December 08, 2016 Midwest Industrial Funds recently purchased a 158,000-square-foot multi-tenant building at 825-845 Hawthorne in West Chicago, Illinois. Read more...

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SVN|Chicago broker closes sale of five-building portfolio in Fulton Market District

December 08, 2016 Scott Maesel, managing director of SVN|Chicago, was the sole broker in the sale of a five-building portfolio in the Fulton Market District in Chicago. Read more...

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NorthMarq Capital’s Louisville office closes $12 million refinance of Sheraton hotel

December 08, 2016 Randall Waddell, senior vice president of NorthMarq Capital’s Louisville-based regional office, arranged the $12 million refinance of Sheraton Louisville Riverside Hotel, a 180-room property located at 700 W. Riverside Drive in Jeffersonville, Indiana. Read more...

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Shake Shack, Lucky Strike coming to Chicago’s Lakeview neighborhood

December 08, 2016 A joint venture of Chicago-based M&R Development and Bucksbaum Retail Properties LLC has announced two high-profile leases at the new Addison & Clark residential and retail center coming to Chicago’s Lakeview neighborhood in 2018. Read more...

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Marriott Development to build 120,000-square-foot spec industrial building in Milwaukee market

December 08, 2016 Marriott Development of Pewaukee, Wisconsin, will be launching a 120,003-square-foot speculative industrial building in 2017 in the OakView Business Park in Oak Creek, Wisconsin. Read more...

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The Dickman Company closes 12,000-square-foot industrial lease in Milwaukee

December 08, 2016 The Dickman Company, Inc./CORFAC International recently completed a lease between Marva’s Realty, LLC and tenant Naturescape Inc., which will be occupying 12,040 square feet of industrial/office space at 5757 North Lovers Lane Road in Milwaukee. Read more...

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Marcus & Millichap: Apartment market still sizzling as 2016 ends

December 08, 2016 Employers added more than 147,000 jobs from July through September in the Indianapolis market. That's good news for apartment owners and developers: These jobs are drawing new people to the region, and these new residents need housing. Read more...

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More than 400 attend Marshall Bennett Institute of Real Estate gala in Chicago

December 08, 2016 More than 450 people attended the 15th annual real estate gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University Nov. 10 at the Four Seasons Hotel, Chicago. Read more...

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BOMA/Chicago has big goal this holiday season: collect more than 85,000 pounds of canned food for the needy

December 08, 2016 BOMA/Chicago's partnership with the Greater Chicago Food Depository remains a strong one. Since 2008, BOMA/Chicago has provided more than 364,000 means to people throughout Cook County who often don't know where their next meal will come from. Read more...

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Want to move to Canada following a Trump win? You’re not alone

December 07, 2016 It's a common threat during any presidential election: "If the other candidate wins, I'm moving to Canada." Turns out, though, Canada wasn't the only foreign destination that U.S. residents considered -- at least briefly -- following Donald Trump's election-day win. Read more...

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Falling vacancy rates. Rising demand. Industrial market getting even stronger

December 07, 2016 What’s going right in the O’Hare industrial submarket of Chicago? Just about everything. John Joyce, principal with the Rosemont, Illinois, office of Transwestern, said that this busy submarket is seeing increased demand from investors and developers, lower vacancy rates and rising rates. Read more...

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Colliers International closes 10,000-square-foot lease of industrial space in Detroit market

December 07, 2016 Colliers International recently closed the lease of a 10,197-square-foot industrial facility at 281 Enterprise Drive in Bloomfield Hills, Michigan. Read more...

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Interra Realty closes on $5 million property in Chicago’s Wicker Park community

December 07, 2016 Interra Realty closed on a $5.1 million commercial property at 1530-32 N. Damen Ave. in the Chicago neighborhood of Wicker Park on Nov. 30. Read more...

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Marcus & Millichap sells 304-unit residential community in Columbus suburb

December 07, 2016 Marcus & Millichap recently closed the sale of Troy Farms, a 304-unit community in the Columbus, suburb of Delaware, Ohio. The asset sold for $27 million. Read more...

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Investors Realty closes sale of Kansas City shopping center for more than $11 million

December 07, 2016 Investors Realty has sold the Stateline Point Shopping Center in Kansas City, Missouri, for $11.6 million. Read more...

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Transwestern represents Chicago Truck Parking in major ground lease in Lemont

December 07, 2016 Transwestern represented Chicago Truck Parking in a 47-acre ground lease at 12300 New Ave. in unincorporated Lemont, Illinois. Read more...

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Omaha’s Investors Realty names new director of property management

December 07, 2016 Investors Realty in Omaha has promoted Laura Hansen to director of property management. Read more...

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Commercial real estate after Trump: What to expect?

December 06, 2016 Last month, with the election of Donald Trump as president, we entered uncharted waters, politically and economically. This historic event—perhaps unlike any other we’ve experienced as a country—has created a profound level of uncertainty and uneasiness. A clearer picture of what lies ahead may not emerge until we approach the first 100 days of Trump’s presidency, maybe more, maybe less. Read more...

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NorthPoint Capital Funding refinances $5 million loan for Glenview office building

December 06, 2016 NorthPoint Capital Funding, Inc. has refinanced a $5.5 million loan on an office building in Glenview, Illinois. Read more...

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