Office N Illinois Class A office space near O'Hare driving vacancy up Across the suburban Chicago market, office vacancy inched up in the third quarter as leasing velocity stalled, with only two new leases recorded greater than 50,000 square feet. This trend hold true in the O’Hare submarket, though the finer details paint a more complex image.
CRE c Nebraska Standing-room-only crowd at REjournals' Omaha Commercial Real Estate Conference The third annual Omaha Commercial Real Estate Conference attracted a big crowd of CRE pros to Noah’s Event Venue in Omaha, Nebraska. More than 250 professionals filled the sold-out venue, making this a standing-room-only affair.
CRE i Ohio Midwest Commercial Real Estate Hall of Fame: Neyer Properties' Dan Neyer What does it take to become a member of the Midwest Real Estate News Commercial Hall of Fame? You need top production. But you also need to make an impact on your industry and city. This year, Midwest Real Estate News is running the profiles of the men and women who were named to our 2017 CRE Hall of Fame class. Today, we highlight the thriving career of Dan Neyer, president and chief executive officer of Neyer Properties in Cincinnati.
Industrial N Illinois Northern segment of Chicago MSA sees variegated industrial activity For the second quarter in a row, leasing velocity increased in Chicago’s overall industrial market, totaling 10.1 million square feet during the third quarter of 2018. According to a Research & Forecast Report by Colliers International, the northern submarkets had varying changes to absorption and vacancy, though mostly improved.
Join us January 8, 2019 17th Annual Commercial Real Estate Forecast Conference Hyatt Regency Chicago151 E Upper Wacker DrChicago, IL More Information & Registration
Finance N Illinois Mission Capital arranges $13M loan for Sterling Organization's Mag Mile development Mission Capital Advisors announced that its debt and equity finance group has arranged $13 million of non-recourse, floating-rate financing on behalf of an affiliate of the Sterling Organization to recapitalize 110 E. Pearson Street, a 9,000-square-foot vacant retail property in the heart of the Magnificent Mile section of Chicago.
Multifamily N Illinois Marcus & Millichap facilitates Rockford apartment building sale Marcus & Millichap announced the sale of Williamsburg Apartments, a 22-unit apartment property located in Rockford, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $775,000.
Industrial V Michigan L. Mason Capitani closes 50,000-square-foot industrial lease in Michigan L. Mason Capitanai CORFAC International recently closed a lease with ABC Supply Company for a 50,000-square-foot industrial facility at 50405 Patricia in Chesterfield Township, Michigan.
Office N Illinois Iconic Chicago building, theMART, achieves Fitwel certification The Center for Active Design (CfAD) has announced that theMART, located in the River North neighborhood of Chicago, has achieved a Fitwel 2 Star Rating, recognizing the property’s ability to support the physical, mental and social health of its occupants. Owned and managed by Vornado Realty Trust, theMART is the largest privately held commercial building in the United States, spanning over 4 million square feet and two city blocks.
CRE V Michigan Equity LLC adds property management clients in Grand Rapids The property management division of Equity LLC recently added oversight of the EVF East Paris and Leonard Street properties in Grand Rapids, Michigan, to its portfolio. This increases the division’s reach to more than 2 million square feet managed at nearly 70 properties in eight states.
Multifamily N Illinois Stocking Urban, Next Realty to modernize newly acquired Lincoln Park property A joint venture partnership between Stocking Urban, LLC and Next Realty, LLC completed the acquisition of 838–846 W. Altgeld Street, a 12-unit multifamily property located in the Lincoln Park neighborhood of Chicago. The seller was a longtime private owner. The purchase price was undisclosed.
Industrial O Indiana Molto to develop 246,000-square-foot industrial property in Indianapolis Molto Properties recently acquired 16.58 acres of land in Indianapolis. The site located at 5610 Stanley Road is part of the Ameriplex logistics campus, a 1,700-acre master-planned park developed in a public-private partnership between the City of Indianapolis and Holladay Properties.
CRE V Michigan CBRE and CBRE|Martin end affiliate agreement in Grand Rapids, Lansing CBRE, Inc. and CBRE|Martin have decided not to renew their affiliate agreement covering operations in Grand Rapids and Lansing, Michigan.
Industrial N Illinois Brown Commercial Group completes 18,947 SF of new transactions Brown Commercial Group has completed three leases and a sale totaling 18,947 square feet in Chicago’s western suburbs to growing end users. The transactions were in Carol Stream, Elgin and Franklin Park, Illinois.
Retail V Michigan Friedman sells 95,000-square-foot retail center in Flint Friedman Real Estate recently sold West Acres Commons, a 95,139-square-foot retail center at 5024 – 5096 Corruna Road in Flint, Michigan.