Archive | Midwest Real Estate News

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...

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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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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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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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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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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...

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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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Two Purdue University student housing buildings hit the market

August 22, 2016 There is a large street level vacant space where the new owner could add value by leasing the space or more likely converting to additional apartment units. Read more...

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The Dickman Company, Inc./CORFAC International faciliates sale of industrial building in Kenosha, Wisconsin

August 22, 2016 Phoenix Kenosha, LLC purchased the building from Walnut & Vine Properties II, LLC. Nick Keys of the Dickman Company, Inc. represented the buyer and Brad Thompson of Millennium Properties represented the seller. Read more...

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Dominium announces new construction supervisor in Minneapolis

August 22, 2016 In his new role he will oversee the construction processes on new and existing properties. Read more...

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Law firm Capes Sokol expands office space at Pierre Laclede Center in St. Louis

August 22, 2016 Law firm Capes Sokol renewed 15,527 square feet of office space at Pierre Laclede Center and signed a new 5,079-square-foot lease at the property. Read more...

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