Archive | Midwest Real Estate News

Legal veteran joins Minneapolis office of Messerli & Kramer

May 03, 2016 Daniel Schleck has joined the corporate and business law group of Messerli & Kramer P.A. in Minneapolis. Read more...

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Inland’s Goodwin: Helping the DuPage Airport take flight

May 03, 2016 The DuPage Airport in West Chicago, Illinois, was bleeding money before Daniel Goodwin joined its governing board in late 2002. By the time Goodwin was named chairman of the DuPage Airport Authority in January of 2003, the airport about 29 miles west of Chicago was $26 million in debt and was suffering annual operating losses. Goodwin, though, changed that. Read more...

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Majority of new retail development in 2016 expected in city, Mid-America Real Estate report shows

May 02, 2016 Chicagoland can expect to see less larger-scale retail spaces averaging five million-plus square feet. That's because grocery-driven projects and smaller footprint urban infill developments are taking over, according to to Mid-America Real Estate Corporation's Chicagoland 2016 Shopping Center Report. Read more...

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Lamont Companies buys Clarion Inn in Rochester, Minnesota

May 02, 2016 Cushman & Wakefield/NorthMarq represented Sonor Hotel Corporation in the sale of the 196-room Clarion Inn in Rochester, Minnesota. Read more...

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Berkadia arranges sale of student housing properties near Notre Dame

May 02, 2016 Berkadia announced the recent sale of Clover Ridge and Clover Village, two student housing communities in South Bend, Indiana. Read more...

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Cooper Commercial assists in $1.4 million sale of Starbucks in Sunbury, Ohio

May 02, 2016 A single-tenant, net leased, Starbucks located directly off the highway in Sunbury, Ohio, sold for $1.39 million. Read more...

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Sachse receives LearningElite + Development award

May 02, 2016 Sachse Construction was recently honored with a bronze award through Chief Learning Officer magazine’s annual LearningElite + Development awards. Read more...

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Marcus & Millichap names Alam Pontius national director of specialty divisions

May 02, 2016 Marcus & Millichap announced that Alan Pontius, a senior vice president, has been named national director of the firm’s specialty divisions. Read more...

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Average apartment rents hit all-time high in April

May 02, 2016 Apartment rents aren't getting any lower across the country. In fact, they reached a new high in April. That's the good news for landlords and owners from the latest market report released by Yardi Matrix. 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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Chicago clinches third spot for strongest industrial market demand in this year’s first quarter and now we know why

April 28, 2016 Booming, soaring, thriving—those are just a few adjectives to describe today’s record-breaking industrial sector. In fact, Chicago was recently ranked third strongest market in terms of demand for industrial space with absorption at 3.9 million square feet, according to Cushman & Wakefield’s national first quarter 2016 report. 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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Kraus-Anderson to build K-8 special ed school in Lake Elmo, Minnesota

April 28, 2016 Kraus-Anderson Construction Company has been chosen to build a new $22 million K-8 special education school for Northeast Metro Intermediate School District 916 at 8568 Eagle Point Blvd. in Lake Elmo, Minnesota. Read more...

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Construction on Coralville’s new senior living community to begin this fall

April 28, 2016 Grand Living and Ryan Companies US, Inc. are in plans to develop Grand Living in Coralville, a senior living community located near the intersection of First Avenue and Interstate 80 in Coralville, Iowa. 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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Martens Appraisal’s LeAnn Adams earns MAI Designation

April 27, 2016 LeAnn Adams, Certified General Real Property Appraiser at Martens Appraisal, has earned the Appraisal Institute’s prestigious MAI membership designation. Read more...

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Colliers International adds new broker to its St. Louis office

April 27, 2016 Colliers International Group Inc. has added Mike Budenholzer to its St. Louis office as a new brokerage professional. Read more...

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Bob Toland joins NorthMarq capital as vice president

April 27, 2016 Bob Toland has joined the Chicago regional office of NorthMarq Capital as vice president. His primary focus will be to structure and place debt and equity for clients seeking to acquire, refinance or develop commercial real estate properties. Read more...

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