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Illinois REALTORS celebrates 100th anniversary with new name, new EVP and its own annual day of recognition

April 29, 2016 In honor of the 100th anniversary of the Illinois REALTORS®, Illinois Gov. Bruce Rauner and state lawmakers declared April 25, 2016 as Illinois REALTORS® Day. Over the last century, the association has emerged as the leading voice for real estate and private property rights in Illinois. Read more...

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Ryan Companies ready to make Minneapolis’ Downtown East its new home

April 29, 2016 Ryan Companies continues to make an impact in Minneapolis' downtown, breaking ground this month on the Millwright Building at Third Street and Portland Avenue. The new building is part of Ryan's $450 million mixed-use Downtown East development. Read more...

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The newly formed Illinois Business and Economic Development Corp. maintains focus on investment, industrial opportunities

April 28, 2016 The New Year and the new governor are bringing much-desired change and development to the Illinois’ Department of Commerce and Economic Opportunity. Read more...

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Holland Construction Services hires Katie McCutchen for newly created role

April 28, 2016 Holland Construction Services announced that Katie McCutchen has joined the Holland team in the newly created position of assistant controller. Read more...

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Hurd Real Estate reaches $82M sale-leaseback agreement with Hy-Vee

April 28, 2016 Hurd Real Estate Services, Inc. has acquired seven Hy-Vee grocery stores and five convenience stores located in three states for $82.35 million in its largest sale-leaseback transaction to date. Read more...

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Document management firm leases 36,000 square feet in SubTroplois

April 28, 2016 Jayhawk File Express has entered the Kansas City market with a 36,000-square-foot lease in Hunt Midwest’s SubTropolis, the world’s largest underground business complex. Read more...

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Vacancy rates keep falling in Detroit’s industrial market

April 28, 2016 Detroit's industrial market is on the rise. Need proof? Check out Signature Associates' first quarter industrial review. According to Signature's numbers, the vacancy rate in the Detroit-area industrial market fell to 7.20 percent at the end of the first quarter. Read more...

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CBRE partners up with the Chicago Cubs, together will host firm’s annual charity bash and more

April 27, 2016 The North Side can expect to see a lot more of CBRE, especially at the area's iconic ballpark. The firm announced it has formed a new partnership with the Chicago Cubs that includes CBRE's logo inside Wrigley Field in addition to a variety of joint events. Read more...

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Bernard Financial Group completes $12.5M finance for Hampton Plaza Shopping Center

April 27, 2016 Bernard Financial Group has closed a $12.48 million loan for the approximate 122,484-square-foot Hampton Plaza Shopping Center in Rochester Hills, Michigan. Read more...

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Despite bankruptcies and online disruption, U.S. shopping centers enjoy steady start to 2016

April 27, 2016 Higher rents and fewer empty spaces, that's what the owners of shopping centers across the United States are enjoying today. Cushman & Wakefield's first-quarter U.S. Shopping Center Snapshot shows that while shopping centers across the country aren't exactly enjoying boom times, they are at least holding steady in their ability to attract consumers who continue to grow more confident in the economy. Read more...

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Self-storage facility in Grand Rapids, Michigan sells for $2.1 million

April 26, 2016 Storage Pros - Airport, a 39,050-square-foot self-storage in Grand Rapids, Michigan, has sold for $2.1 million. Read more...

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Robotics firm moves corporate headquarters to Arlington Heights

April 26, 2016 DevLinks, LTD recently leased a 35,038-square-foot industrial building for their new headquarters at 3933 N. Ventura Drive in Arlington Heights, Illinois. Read more...

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Betting on the Strand Theatre to boost downtown Pontiac

April 26, 2016 Kyle Westberg looks at downtown Pontiac in Michigan and sees nothing but promise. Yes, Pontiac, like Detroit, struggled mightily during and after the Great Recession. The state of Michigan even appointed an emergency manager to take over the struggling city from the summer of 2010 through the summer of 2013. But Westberg, president and chief executive officer of West Construction, today sees the beginning of a revival in the city's downtown. And he's helping to push it along by taking on the $20 million renovation of the 895-seat Flagstar Strand Theatre for the Performing Arts. Read more...

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Can you spot the mistake with this ad?

April 25, 2016 The right marketing message can provide a boost to any commercial real estate company. And at Rejournals.com, we see plenty of skilled marketing messages. But sometimes, real estate companies -- like all companies -- miss the mark when it comes to their advertising materials. Read more...

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Illinois Business and Economic Development Corp. names its Board of Directors

April 22, 2016 Jim Schultz, CEO of the Illinois Business and Economic Development Corporation, announced the eight Illinois business leaders chosen to serve as the inaugural Board of Directors of the ILBEDC. Read more...

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The Boulder Group’s Blankstein to chair Midwest Real Estate News’ Net Lease Summit Conference

April 22, 2016 Randy Blankstein, president of the Boulder Group, will serve as conference chair of Midwest Real Estate News' second annual Net Lease Summit Conference. Read more...

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Marcus & Millichap retail report brings plenty of good news

April 21, 2016 Consumers might not be thrilled with the U.S. economy, but at least their confidence is growing. That is the message from Marcus & Millichap in its latest national retail research report. According to the report, core retail sales -- all retail sales not including gasoline and autos -- rose 3.9 percent this March when compared to the same month one year earlier. Read more...

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The trend continues: Industrial markets are thriving across the Midwest

April 21, 2016 The St. Louis industrial market absorbed more than 470,000 square feet in the first quarter of the year, according to the latest numbers from CBRE. This continues a trend that is taking place across the Midwest: Local industrial markets continue to thrive as consumers gain confidence in an improving national economy. Read more...

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Tax Increment Financing – What you need to know

April 20, 2016 A recent Internal Revenue Service Chief Counsel Advice Memorandum clarified key points on the tax treatment of TIF reimbursements received by a developer in connection with the construction of infrastructure improvements. However, the memorandum leaves several questions unanswered. Read more...

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Kansas City industrial market absorbs more than 780,000 square feet in first quarter

April 19, 2016 Industrial users are targeting Kansas City today. This shouldn't be surprising; the city boasts a great location in the center of the country and a strong system of highways and rail lines. Because of this, Kansas City's industrial market is now in the middle of a building boom. Cushman & Wakefield in its latest industrial report, said that in the first quarter of the year, developers delivered 2.4 million square feet of new industrial space to the Kansas City market. Read more...

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