Archive | Midwest Real Estate News

Cushman & Wakefield/Commercial Kentucky sells 80,000-square-foot industrial building

January 16, 2017 Cushman & Wakefield/Commercial Kentucky recently represented the seller in the sale of an 80,260-square-foot industrial building in the Kingbrook Commerce Park in Simpsonville, Kentucky. Read more...

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Signature Associates adds to brokerage team in Toledo

January 16, 2017 Kevin McCarthy has joined the brokerage division of the Toledo, Ohio, office of Signature Associates. Read more...

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Destination suburbs: The new choice for aging Millennials

January 16, 2017 As Millennials grow older, more will look for urban experiences in the suburbs. It's a trend that is already starting. Read more...

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Mortenson chooses design team for Discovery Square project in Minnesota

January 16, 2017 Mortenson has selected the design team of RSP Architects and HOK for the first phase of the Destination Medical Center's Discovery Square project in Rochester, Minnesota. Read more...

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PCCP closes $50 million loan for acquisition of 304-room hotel on University of Minnesota campus

January 16, 2017 PCCP, LLC has originated a $50.8 million senior loan to AJ Capital Partners for the acquisition of the leasehold interest and re‐positioning of The Commons, an independent, 304‐key, full-service hotel in Minneapolis. Read more...

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Port of Greater Cincinnati Development Authority names new VP

January 16, 2017 The Port of Greater Cincinnati Development Authority has promoted Melissa Johnson to vice president of industrial development and logistics. Read more...

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Northwest Indiana’s industrial boom only expected to continue, despite low supply

January 13, 2017 Northwest Indiana is experiencing a boom in interest in industrial properties located in the five-county region that has historically been a refuge for businesses seeking out the Chicagoland market, without the costs. Read more...

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Avison Young sells four-building industrial portfolio in Milwaukee market

January 13, 2017 Avison Young has been awarded the exclusive listing for a 719,599-square-foot, four-building industrial portfolio in the Milwaukee market. Read more...

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Detroit office of Colliers International hires two vice presidents

January 13, 2017 Ben Hubert and Ben Rosenzwieg have joined the Detroit retail division of Colliers International as vice presidents. Read more...

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Novak helps Portillo’s reach milestone ground-breakings

January 13, 2017 The temperatures were frigid. The snow was falling. But that didn't stop ground-breaking for burger-and-hot-dog chain Portillo's as it celebrated milestone ground-breakings earlier this month. Read more...

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Dougherty Mortgage closes $5M Fannie Mae loan for 120-unit, Louisville apartment building

January 12, 2017 Dougherty Mortgage completed a $5-million loan from Fannie Mae to purchase Willowbrook Apartments, a multifamily apartment property in Louisville, Kentucky. Read more...

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Cincinnati streetcar opens prospects for new, expanded economic development

January 12, 2017 Not everyone was the biggest fan of the Cincinnati Bell Connector, a $148 billion streetcar project. But after nine years of work, the streetcar is in operation and business owners are seeing the benefits. Read more...

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St. Louis’ Bianco Properties names new acquisitions specialist

January 12, 2017 Josh Bacott has been named acquisitions specialist at St. Louis' Bianco Properties. This is a newly created position at the company. Read more...

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HFF closes sale of 578-unit apartment community near Madison

January 12, 2017 Holliday Fenoglio Fowler, L.P. has closed the sale of New Fountains, a 578-unit apartment community in the Madison, Wisconsin, suburb of Fitchburg. Read more...

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Industrial market entering uncharted territory

January 12, 2017 The industrial market is booming across the Midwest, its performance ranking second only to the even busier multifamily market. It's little surprise, then, that individual markets across the Midwest are experiencing historically low vacancy rates and higher rental prices in the industrial sector. Read more...

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Jason West: A fan of the entrepreneurial life

January 12, 2017 Jason West, executive managing director of brokerage services with the Rosemont, Illinois, office of Cushman & Wakefield, has worked in commercial real estate for more than two decades. And like others, he was drawn to this business by the entrepreneurial nature of it. Read more...

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NorthMarq provides $4 million refinance of warehouse in Cincinnati

January 12, 2017 Noah Juran, vice president of NorthMarq Capital's Cincinnati-based regional office, arranged the $4 million refinance of Vogt Warehouse, a 237,500-square-foot industrial property at 10600 Evendale Drive in Cincinnati. Read more...

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The Barry Company sells 16,000-square-foot industrial property in Wisconsin

January 12, 2017 The Barry Company recently brokered the sale of a 16,940-square-foot industrial facility at 1220 Washington Ave. in Cedarburg, Wisconsin. Read more...

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Pillar closes $4 million refinance loan for Indianapolis apartment community

January 12, 2017 Pillar has originated a $4.52 million Freddie Mac loan to refinance 9000 Westfield Apartments in Indianapolis. Read more...

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Minneapolis’ Westwood Professional Services’ VP to oversee land business

January 11, 2017 Westwood Professional Services Inc. has appointed its vice president of operations, Jason McCarty, to oversee the firm’s Minneapolis-based land business, which includes residential and commercial development. Read more...

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