Archive | Midwest Real Estate News

Jared Commercial buys Chippewa Center property in St. Louis for $10.6M

September 28, 2016 A 147,920-square-foot Chippewa Center in St. Louis, Missouri, has sold to Springfield, Illinois-based Jared Commercial for $10.6 million. Read more...

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Clayco delivers new Zurich North America headquarters after three years of work

September 28, 2016 Zurich North America challenged the design-build team and architects to target and achieve LEED Platinum – the highest level of certification awarded by the U.S. Green Building Council, and it reached its goal last month. To date it is the largest platinum certified building of its designation in the U.S. Read more...

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Tribune Media finalizes sale of Tribune Tower

September 28, 2016 The property, which includes the Tribune Tower and a surface parking lot, is currently zoned for a mix of uses that includes office, hotel, residential and retail. Read more...

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Turn Key Storage facility in Lexington, Ohio, sells for $1.8 million

September 28, 2016 The facility sits on 5.71 acres at 1435 Orchard Park Rd., and consists of 352 units with 54 expansion-ready units. Read more...

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What retailers are expanding today? Think food, coffee and cheap

September 28, 2016 What retailers have expansion plans in the Chicago market? Look toward those offering a quick lunch or morning coffee. Read more...

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City of Edgerton, Kansas forms economic development task force

September 27, 2016 The task force will be comprised of City staff and representatives from BNSF Railway, NorthPoint Development and local utility partners. Read more...

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Capstone Apartment Partners opens office in Cincinnati

September 27, 2016 Capstone Apartment Partners has announced that the firm is expanding its brokerage operations to Cincinnati, Ohio, to pursue new growth opportunities to better serve its clients. Read more...

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New $101 million event and recreation center in Watford City, North Dakota opens to public

September 27, 2016 Designed by JLG Architects, the two-story, $101 million Rough Rider Center features a competition swimming pool and waterpark; 22,000-square-foot multi-use field house with three basketball courts and removable artificial turf... Read more...

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Big changes bring big activity to healthcare market

September 27, 2016 When Bob Titzer looks at the healthcare real estate market in Chicago and across the Midwest, he sees plenty of activity. Hospitals are building new medical office buildings in urban areas and suburbs. Developers are expanding existing hospitals. And medical groups are opening ever more free-standing clinics and emergency rooms. But what is behind all this activity? Titzer, executive vice president of HSA PrimeCare, points to one factor: change. Read more...

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S&S Tire, Inc. signs long-term warehouse lease in Fairfield, Ohio

September 26, 2016 Binswanger has negotiated a long-term 78,398-square-foot warehouse/distribution lease from Port Union I LLC at 4250 Port Union Road in Fairfield, Ohio. Read more...

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Thriving as a brick-and-mortar retailer today? It’s all about creating experiences

September 26, 2016 Chad Firsel doesn’t hesitate when asked what makes for a successful brick-and-mortar retailer today: Those retailers that are thriving are offering experiences, ones that can’t be duplicated online. Read more...

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Newmark Grubb Knight Frank recruits pair of office specialists from JBC

September 23, 2016 Newmark Grubb Knight Frank announced that Bill Rolander and Jon Cordell have joined the firm’s Chicago office as executive managing director and senior managing director. Read more...

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Guest post: Protecting yourself in a sublease or assignment

September 23, 2016 Tech companies have been growing and hiring at a very quick pace for several years now. These companies have been growing at such a speed that they have become a significant percentage of the new office leases in markets such as downtown Chicago. Read more...

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Mid-America’s $10 million deal another sign of strength in St. Louis’ retail market

September 22, 2016 The retail market has been slowly, but steadily, improving in the St. Louis area. An example of that came earlier this month, when Mid-America Real Estate Corporation's investment sales team closed a $10 million retail sale in the city. Read more...

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Forest City Realty Trust sells Cleveland’s iconic Terminal Tower

September 21, 2016 The 584,000-square-foot building, which stands at 771 feet with 52 floors, was originally built as an office building above the Cleveland Union Terminal in 1928. Read more...

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Big deals make the difference in Indianapolis industrial market

September 21, 2016 Indianapolis has long benefited from a strong industrial market. This isn't surprising: The city's central location makes an ideal spot for companies shipping their products across the country. The latest research from Colliers International, though, shows that the Indianapolis industrial market today is as strong as it's ever been. Read more...

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Retail plaza in Roseville, Michigan sells for $3.6 million

September 20, 2016 The retail plaza is located at the northwest corner of Gratiot Avenue and Masonic Boulevard, and includes tenants Potbelly’s, AT&T and Chipotle. Read more...

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Midwest industrial lumber yard portfolio sells for $14.5 million

September 20, 2016 The portfolio is comprised of more than 300,000 square feet of building area, situated on nearly 3 million square feet of land. Read more...

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Jo-Ann Fabrics and Crafts lease brings Towne Centre in Elizabethtown, Kentucky to full occupancy

September 20, 2016 NAI Isaac has announced that Jo-Ann Fabrics and Crafts has leased 12,120 square feet within Towne Centre in Elizabethtown, Kentucky. Read more...

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Tourists providing boost to Louisville’s CRE sectors

September 20, 2016 David Hardy, managing director at the Louisville office of CBRE, agreed that the hottest market in Louisville today is industrial. Louisville has become a magnet for users seeing to centralize their distribution options, Hardy said. Read more...

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