Multifamily N Illinois Multifamily investors finding value in markets like Kankakee The Kankakee-Bourbonnais-Bradley metropolitan area is a microcosm, 30 square miles or so of built-up urban area surrounded on all sides by farmland. It’s semi-independent of the Chicago area as it has its own economy but also plenty of residents who commute north for work.
CRE V Michigan Midwest Commercial Real Estate HOF: Colliers' Paul Choukourian Each year, Midwest Real Estate News runs its Commercial Real Estate Hall of Fame isuse. This year, we are also running these profiles online. Today, we look at the thriving career of Paul Choukourian, executive managing director with the Southfield, Michigan, office of Colliers International.
CRE V Michigan Skydiving, doughnuts and online car shopping: Is the future heading to Novi? Craving a doughnut? Maybe you’d like to buy a car online and have it delivered right to your driveway. Or maybe you’re in the mood for thrills; you’re dreaming of a round of indoor skydiving.
Industrial X Missouri Colliers: St. Louis industrial rents hit 13-year high Vacancies are down, new construction up and rents on the rise. That’s the good news from the first quarter 2019 St. Louis industrial report recently released by Colliers International.
Join us September 6, 2019 5th Annual Detroit Commercial Real Estate Summit The Westin Southfield Detroit1500 Town CenterSouthfield, MI More Information & Registration
CRE V Michigan NKF advises client on $83 million industrial portfolio deal in Detroit area Newmark Knight Frank successfully advised Morning Calm Management on the $83.7 million acquisition of a nine-property industrial portfolio in the metro Detroit area. NKF Executive Managing Director Dan Labes and Senior Managing Director Tom Oldham oversaw the transaction. The portfolio was sold by Promanas Group.
Industrial N Illinois Stream awarded property management of Chicago-area industrial assets Stream Realty Partners—a national real estate services, development and investment firm—was awarded the management assignment of two new, Class A industrial properties in suburban Chicago from Principal Real Estate Investors, on behalf of a large institutional client. Stream will oversee the properties and position them to meet the robust Chicago industrial market demand.
Office X Missouri New amenities coming to iconic office building in downtown St. Louis After more than $2.5 million in updates last year, St. Louis’ tallest high-rise, One Metropolitan Square, is adding several amenity upgrades. The downtown building’s lobby now boasts a 28-foot by 10-foot, 2,000-pound media wall with 112 LED panels. Construction will soon begin, too, on a 7,000-square-foot amenities lounge on the building’s 42nd floor.
Retail N Illinois Second-generation restaurant space sells for $1.1M in Algonquin A 7,549-square-foot, fully equipped, second-generation restaurant sold at 2561 County Line Road in Algonquin, Illinois. Tim Rasmussen, CCIM and Olivia Czyzynski of SVN Chicago Commercial represented the seller in the transaction, marking the second time in four years that SVN Chicago has sold this property. The free-standing building sold for $1,100,000.
Industrial i Ohio Northpoint Development building pair of warehouses in Ohio community Northpoint Development broke ground on two new bulk warehouses at the West Chester Trade Center in West Chester, Ohio, totaling 581,541 square feet.
Healthcare N Illinois Skender celebrates ribbon-cutting ceremony for New Esperanza Health Center in Brighton Park Last Friday, Skender celebrated the ribbon cutting ceremony for Esperanza Brighton Park, a new 26,000-square-foot health center at 4700 S. California Avenue in Chicago’s Brighton Park neighborhood. The event was attended by Senator Dick Durbin, 14th Ward Alderman Edward Burke and other local dignitaries.
Retail L Iowa Hanley sells Starbucks, QDOBA-anchored center in Sioux City Hanley Investment Group Real Estate Advisors arranged the sale of a two-tenant retail building occupied by a Starbucks with a drive-thru and QDOBA Mexican Eats at 2301-2303 Hamilton Blvd. in Sioux City, Iowa. The sale cap rate for the two-tenant net-leased investment was 6.30 percent. The price was not disclosed.
CRE Midwest SIOR sponsoring summer program for young people interested in CRE The Society of Industrial and Office Realtors® (SIOR) and the SIOR Foundation are sponsoring the 2019 NEXUS Summer Program. The program will be held at Cornell University in Ithaca, New York, from July 14 through July 25.
Retail N Illinois Lincoln Common lands new tenant, childcare provider Play2Day Lincoln Common has landed a new tenant, Play2Day. New to Chicago, the boutique, hourly childcare service for children two months to five years of age will serve as a convenient drop-off location for parents and caregivers as they work out, shop or gather with friends at Lincoln Common. Play2Day is anticipated to open in Q3 2019.
Seniors Housing N Illinois IPA closes sale of 243-bed nursing home in Urbana Institutional Property Advisors, a division of Marcus & Millichap, closed the sale of the Champaign County Nursing Home, a 243-bed skilled nursing facility in Urbana, Illinois.