Archive | Midwest Real Estate News

Marcus & Millichap: Apartment construction booming in Milwaukee

June 23, 2017 Apartment construction is surging across the Milwaukee market, according to the latest research from Marcus & Millichap. Read more...

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Cincinnati real estate veteran retiring after 30-year career

June 23, 2017 John Frank Jr. is retiring after a 30-year career with Cushman & Wakefield. He has served as chairman of the Cincinnati office and will become chairman emeritus upon retirement. Read more...

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Minneapolis’ RJM Construction names pair of project executives

June 23, 2017 Minneapolis-based general contractor RJM Construction has named two employees as project executives. Tim Ryan and Eric Olson will provide project leadership on large assignments. Read more...

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Pizzuti Companies starts construction on pair of industrial buildings in Columbus park

June 23, 2017 The Pizzuti Companies and its development partner, USAA Real Estate, have broken ground on two speculative buildings in the CreekSide Industrial Center in the Columbus, Ohio, market. Read more...

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Investors Realty sells 395,000-square-foot manufacturing property in Nebraska

June 23, 2017 Investors Realty, Inc. of Omaha and Commercial Investment Services of North Platte, Nebraska, completed the sale of a 359,500-square-foot manufacturing property at 1 Greenwood Road in Sidney, Nebraska. Read more...

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CBRE Hotels sells 291-room DoubleTree hotel in South Bend

June 23, 2017 CBRE Hotels has arranged the sale of the 291-room DoubleTree by Hilton Hotel South Bend located at 123 N. Dr. Martin Luther King Blvd. in South Bend, Indiana, to United Capital Corp. for an undisclosed price. Read more...

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Leading Real Estate Companies of the World hires VP of member services

June 22, 2017 Elizabeth Nunan is the new executive vice president of member services for Chicago-based Leading Real Estate Companies of the World. Read more...

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Spiegelglass Construction creating new home for Japanese steakhouse in St. Louis’ Westport Plaza

June 22, 2017 Spiegelglass Construction is overseeing a renovation project in St. Louis' Westport Plaza entertainment and resort development that will result in a new location for the development's Kobe Steak House of Japan. Read more...

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Mid-America Real Estate Corporation sells 187,000-square-foot shopping center in Cedar Rapids

June 22, 2017 Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Northland Square in Cedar Rapids, Iowa. The 187,068-square-foot shopping center was purchased by a private investment firm. Read more...

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RentHop study: When it comes to dragging down apartment rents, not all crimes are created equal

June 22, 2017 Plenty of factors cause apartment rents to rise and fall. But how about crime rates? Do high crime rates automatically result in lower apartment rents? Read more...

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Marcus & Millichap sells six-property self-storage portfolio in Indiana

June 22, 2017 Marcus & Millichap closed the sale of the Iron Gate Self Storage Portfolio, a six-property, 289,302-rentable-square-foot self-storage portfolio in Elkhart County, Indiana. Read more...

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CBRE closes $6 million refinance for Indianapolis apartment community

June 22, 2017 CBRE Group recently closed a $6.6 million loan to refinance the Beech Grove Village Apartments in Indianapolis. Read more...

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The Dickman Company closes lease for 17,000 square feet of industrial space in Milwaukee-area market

June 21, 2017 The Dickman Company, Inc./CORFAC International closed a lease between the landlord GJT-One, LLC and the tenant Midwest Electrical Testing & Maintenance, LLC for 17,688 square feet of industrial space at N93 W16170 Megal Drive in Menomonee Falls, Wisconsin. Read more...

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Spec industrial boom hits Des Moines

June 21, 2017 The industrial sector remains a hot one, as a new spec project in Iowa shows. Read more...

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NorthMarq Capital sells 94-unit apartment community in Louisville

June 21, 2017 Noah Juran, vice president of NorthMarq Capital's Cincinnati regional office, arranged acquisition financing of $5.279 million for Holly Hills Apartments, a 94-unit multifamily property in Louisville. Read more...

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RJM Construction to build new Porsche auto dealership in St. Paul

June 21, 2017 RJM Construction has been selected by Carousel Motor Group to build a new facility for its Porsche of St. Paul dealership. Read more...

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Walker & Dunlop named 2017 Top Workplace

June 20, 2017 Walker & Dunlop was named a 2017 Top Workplace by The Washington Post in the midsize employer category. Read more...

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Tower Properties closes $9 million office purchase in Detroit market

June 20, 2017 An investment group including principals of CORE Partners and Burton-Katzman has purchased 901 Tower Drive in north Troy, Michigan. Neal Doshi, senior managing partner of M3 Capital Partners, was an investor partner in this transaction. Read more...

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CBRE to market 28 acres for commercial development in Minneapolis market

June 20, 2017 CBRE Group has been selected to market for sale 28 acres of development parcels at The Link, a new mixed use redevelopment site in Edina, Minnesota, on behalf of Pentagon Revival, LLC. Read more...

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Newly renovated 1-million-square-foot Baker Center office/retail building unveiled in downtown Minneapolis

June 20, 2017 The newly-renovated 1-million-square-foot Baker Center office and retail building was unveiled June 15 in downtown Minneapolis. The property covers a full city block in the city's downtown business district. Read more...

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