Archive | Midwest Real Estate News

Kurt Webb named new general manager of Woodfield Mall

June 24, 2016 As general manager, he will be responsible for all aspects related to the continued success of Woodfield Mall including mall operations, tenant relations, leasing, marketing, business development, security and customer service. Read more...

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The National Association of Hispanic Real Estate Professionals expands executive team

June 24, 2016 The National Association of Hispanic Real Estate Professionals announced that Silvia Perez-Rathell has joined the organization as its chief development officer. Read more...

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Holiday Inn & Suites hotel in Lima, Ohio sells for $11 million

June 24, 2016 Common area amenities include an indoor pool, a fitness center, business center, meeting room, on-site restaurant, ice machine, and free breakfast, newspaper and Wi-Fi. Read more...

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Should multifamily developers, owners start to worry?

June 24, 2016 By now, you know the story: Apartment rents across the country, including in the Midwest, continue to rise. At the same time, the demand for new apartments everywhere from Columbus to Indianapolis to downtown Omaha is soaring. The multifamily sectors remains the top performer of all commercial asset classes. But is there reason for concern? A recent story by the Wall Street Journal suggests that there might be. Read more...

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Sansone group assists Delaware-based firm in 10,505-square-foot office lease at St. Louis’ PNC Center

June 24, 2016 The lease, which will begin in December 2017, is for office space on the 14th floor of the building. Read more...

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ACMRE Constructors names Jerry Harmon vice president of operations

June 23, 2016 Harmon has more than 20 years of experience in commercial and industrial projects and previously served as a senior project manager at the firm. Read more...

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Berkadia arranges $13.5M loan for Detroit self-storage portfolio

June 23, 2016 The 10-year permanent, fixed-rate loan features a 30-year amortization schedule. Read more...

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Ceva Animal Health expands distribution space within SubTropolis

June 23, 2016 Ceva Animal Health is expanding its leased space in SubTropolis, bringing its total underground warehouse and distribution footprint to 90,000 square feet. Read more...

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Eye care clinic buys former restaurant space in Lansing, Michigan, to convert to medical retail location

June 23, 2016 Plans are to convert the 4,880-square-foot restaurant into a medical retail space. Read more...

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JLL names Kathryn Ditmars general counsel for the Americas Region

June 23, 2016 Ditmars is also the Americas Ethics Officer, providing ethics training and working with the Global Ethics Officer community to further develop JLL’s ethics and compliance program. Read more...

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Zumper study: Multifamily rents keep rising in Minneapolis

June 23, 2016 There's a reason why so many developers are building new apartment towers in downtown Minneapolis: The demand for multifamily space is high. And with that high demand comes something building owners love, higher monthly rents. Read more...

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Dover Energy leases 26,400-square-foot research and development facility in Auburn Hills, Michigan

June 22, 2016 Dover Energy has leased a 26,400-square-foot industrial building at 15 Corporate Drive in Auburn Hills, Michigan for research and development purposes. The company plans to move into the facility this September. Read more...

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More to celebrate in Cleveland than an NBA title

June 22, 2016 The city of Cleveland has plenty to celebrate these days as the NBA's Cavaliers celebrate their championship over the Golden State Warriors. But that long-awaited championship isn't the only good news for Cleveland residents: According to the latest research from Marcus & Millichap, the retail market here is firmly on the rise. Read more...

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CBRE Wisconsin offices announce more than 346,000 square feet in transactions

June 21, 2016 The CBRE Milwaukee and Madison offices have completed 44 different transactions, resulting in more than 346,000 square feet sold or leased, in the past month. Read more...

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Planet Fitness secures third Lansing location in Holt

June 21, 2016 The owner of Cedar Green originally purchased the 12-acre plaza including the 33,000-square-foot food center in 2013 with the plan to develop it as a health-related community center. Read more...

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Auto parts distributer leases 120,000 square feet in Detroit

June 21, 2016 Renaissance Global Logistics has signed a 120,000-square-foot industrial least at 1840 Holbrook Avenue in Detroit, Michigan, for their distribution of auto parts. Read more...

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David Varca joins Greystone as a managing director for healthcare finance

June 21, 2016 Based in Chicago, Varca will report to Mordecai Rosenberg, head of Greystone’s FHA lending group. Read more...

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Hunt Midwest’s new multifamily project to provide a boost to Kansas community

June 21, 2016 There's plenty to like about downtown Overland Park in Kansas: The city's urban center is pedestrian-friendly, dotted with shops and restaurants. It boasts an active farmer's market, a busy community center and an historic theater that brings charm to the area. What does it need? More multifamily development. Read more...

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Mike Wilhelm returns to CBRE as senior vice president in Minneapolis

June 20, 2016 A 25-year commercial real estate industry veteran, Wilhelm spent the last 15 years with Zeller Realty Group, most recently as senior vice president where he led the Minneapolis office leasing team. Read more...

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The Cornerstone office building in Minnesota sells for $1.8 million

June 20, 2016 Marcus & Millichap announced that The Cornerstone, a 13,765-square foot office property located at 1 Central Avenue West in Saint Michael, Minnesota, has sold for $1.81 million. Read more...

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