Archive | News

Pillar’s Klingher and Markech: Suburbs enjoying plenty of multifamily activity, too

February 12, 2016 By now it’s become a familiar tale: The centers of big cities are enjoying a boom in multifamily construction, sales and leases. That’s because a growing number of people want to live in busy downtowns, where they can walk to public transportation, restaurants and shops. But where does that leave the suburbs? Are the multifamily developments located in suburban communities languishing as renters flock to big cities? Hardly, say Adam Klingher, managing director, and Joe Markech, director, with the Chicago office of multifamily and healthcare lender Pillar. Read more...

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

Berkeley Point Capital closes $15 million refinance loan for 231-unit seniors-housing facility in Dayton

February 12, 2016 Berkeley Point Capital recently closed a $15 million refinance loan for the 231-unit 10 Wilmington Place seniors housing complex in Dayton, Ohio. Read more...

Midwest Real Estate News, News Comments (0)

NAI DESCO closes sale of 261,000-square-foot senior-living community in St. Louis market

February 12, 2016 NAI DESCO recently arranged the sale of one of the largest senior-living communities in the St. Louis area, the Cedars of Town & Country, a 261,595-square-foot facility on 25.43 acres. Read more...

Midwest Real Estate News, News Comments (0)

Commercial Kentucky listing historic building in Louisville’s West Main Street district

February 12, 2016 The owner of the building at 639 W. Main St. in Louisville has placed the historic property on the market. Previously home to G&K Shoe Co., the three-story 10,260-square-foot property is the last building in its mostly original condition on Main Street between 6th and 8th streets. Read more...

Midwest Real Estate News, News Comments (0)

JLL closes 60,000-square-foot lease transaction for Indianapolis industrial user

February 12, 2016 Specialty Coating Systems has renewed its lease for 60,224 square feet at 7645 Woodland Drive in Indianapolis. Read more...

Midwest Real Estate News, News Comments (0)

Commercial Alliance of Realtors of West Michigan names Realtor of the Year winner

February 11, 2016 Tony Pearson of True North Real Estate, was named Realtor of the Year by the Commercial Alliance of Realtors of West Michigan. Read more...

Midwest Real Estate News, News Comments (0)

NAI Wisinski of West Michigan closes office lease for state senator

February 11, 2016 Michigan Sen. Margaret O’Brien will be the tenant of a 700-square-foot office space on the first floor of the Comerica Building, 151 S. Rose St., in downtown Kalamazoo, Michigan. Read more...

Midwest Real Estate News, News Comments (0)

Lansing’s Clark Construction hits safety milestone

February 11, 2016 Lansing, Michigan-based Clark Construction Company has reached an important safety milestone: The company has now surpassed 15 years with no lost time due to injury. Read more...

Midwest Real Estate News, News Comments (0)

Flint tops RealtyTrac’s list of most vacant U.S. cities

February 11, 2016 A Midwestern city topped a list that no metropolitan area wants to head: RealtyTrac's ranking of the most vacant cities in the United States. Read more...

Midwest Real Estate News, News Comments (0)

KBS Real Estate Investment Trust III closes pair of leases at Chicago’s 500 West Madison office tower

February 11, 2016 500 W MADISON 2KBS Real Estate Investment Trust III, a non-traded real estate investment trust based in Newport Beach, California, earlier this year signed two leases totaling 14,817 square feet at 500 West Madison, Chicago’s largest Class-A, LEED Gold-certified tower. Read more...

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