Archive | Publication

Chicago CRE gets hacked: First-of-its-kind hackathon starts today

August 26, 2016 Transwestern today is kicking-off CREforge, a first-of-its-kind hackathon that seeks to identify and leverage synergies between Chicago’s burgeoning tech and real estate communities through the development of new tools and technologies designed to foster innovation in the commercial real estate industry. Read more...

Illinois Real Estate Journal, News Comments (0)

Marcus & Millichap: Retail vacancies hit 10-year low in Cincinnati market

August 26, 2016 Retail occupancy rates in the Cincinnati market reached a 10-year high, according to the latest research from Marcus & Millichap. Read more...

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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...

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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...

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@properties expands commercial team with new hires

August 24, 2016 @properties Commercial recently announced that two commercial real estate brokers, Matt Scales and Tim Youkhana, have joined the its growing firm. Read more...

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Ryan Stankard joins NorthPoint Capital as associate director

August 24, 2016 Stankard will join NPCF’s loan origination team, financing loans for commercial and multifamily properties through correspondent life insurance relationships or direct lenders offering long-term, fixed-rate financing. Read more...

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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)

McCarthy Building Companies names Steve Miller new safety director of firm’s Central Division

August 24, 2016 In this role, Miller will oversee all aspects of the Central Division’s ongoing commitment to creating the nation’s safest work environment for its employees, subcontractors and project partners. Read more...

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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...

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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...

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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...

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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...

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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...

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Builtech expands its management team with pair of new hires

August 23, 2016 Founded in 2002, Builtech has provided general contracting and construction management services across a wide-range of industries, including industrial, residential, retail, hospitality and office interiors. Read more...

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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...

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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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