Multifamily Midwest More evidence that the apartment boom is slowing? For the first time in two years, the average national apartment rent fell on a month-to-month basis, according to the September 2019 apartment rent report by RENTCafe.
CRE N Illinois CRE Future Leaders: John Feeney A senior vice president at The Boulder Group, John Feeney assists clients in the acquisition and disposition of net lease properties. Additionally, as the head of The Boulder Group's research division, he has published over 50 net lease investment research reports.
CRE i Ohio Three questions with ... Cushman & Wakefield's Mike Sullivan A member of the capital markets team in Cushman & Wakefield’s Cincinnati office, senior director Mike Sullivan is an industry veteran who understands the ins and outs of the commercial real estate market. A specialist in office, industrial and medical office properties, Sullivan shared his thoughts on the state of the CRE market both nationally and in Cincinnati with us.
Office V Michigan Newmark Knight Frank: Office market still motoring in Detroit The office vacancy rate in the Detroit metropolitan area keeps falling, with Newmark Knight Frank reporting that this figure dropped 30 basis points in the third quarter to hit 15 percent.
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Retail v Wisconsin Quantum sells busy retail strip center in Pleasant Prairie Quantum Real Estate Advisors has brokered the sale of a multi-tenant shopping center at 9740-9800 76th St. in Pleasant Prairie, Wisconsin.
Multifamily N Illinois Interra Realty brokers sale of multifamily property in West Suburban Chicago Interra Realty brokered the sale of 1917-23 S. Grove Avenue, a four-story, 34-unit building in Berwyn, Illinois, a western suburb of Chicago. Interra managing partner, Pat Kennelly, and director, Paul Waterloo, represented both the seller, Riverside-based Property Rental Inc., and the buyer, BAM 1917 Grove LLC, which plans to undertake a $1 million gut rehab of the building.
Industrial v Wisconsin Colliers brings industrial building in Wisconsin to full occupancy Mak Wood has renewed and expanded to 11,414 square feet of industrial space and MPI Coin has leased 8,533 square feet at 1235 Dakota Drive in Grafton, Wisconsin.
Office N Illinois Dinsmore & Shohl LLP moving to larger offices in Franklin Center The Chicago branch of Dinsmore & Shohl LLP has moved into its new office at 222 W. Adams Street, on the top floor of Tishman Speyer’s Franklin Center. Since opening in March of 2014, Dinsmore has grown its attorney roster in Chicago; the new space, custom-designed to fit the firm’s full-service offerings, is 150 percent larger than its previous home at the adjacent 227 W. Monroe Street.
CRE v Wisconsin Mid-America brokers close several transactions in Wisconsin Agents with Mid-America Real Estate – Wisconsin recently completed several transactions.
Multifamily N Illinois 33 Realty brokers multifamily sale in Uptown 33 Realty recently brokered the $1,975,000 sale of a multifamily property located in Chicago’s Uptown neighborhood.
CRE P Kansas Kansas' Reece Commercial Real Estate celebrates 10 years Overland Park, Kansas-based Reece Commercial Real Estate recently celebrated 10 years in business. Founded on Oct. 18, 2009, the company continues to grow, with the opening of an office in Joplin, Missouri. Ron Tappan will serve as managing broker of the new office.
CRE Midwest NAI Hiffman arranges $17M sale-leaseback for Young Innovations in IL, MO NAI Hiffman completed a sale-leaseback transaction on behalf of Young Innovations, Inc., a global manufacturer and distributor of consumable dental supplies and equipment. The assets, which sold for $17.1 million, include the company’s 95,000-square-foot headquarters building at 2260 Wendt Street in Algonquin, Illinois, as well as the firm’s three manufacturing and distribution facilities totaling 117,400 square feet in Earth City, Missouri, a suburb of St. Louis.
Net Lease N Illinois Morton, IL net-leased property sells for $1.3M Marcus & Millichap facilitated the sale of Enterprise Truck Rental Ground Lease, a 3,034-square foot net-leased property located in Morton, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,365,000.
CRE N Illinois JLL Income Property Trust launches 1031 exchange platform JLL Income Property Trust, an institutionally-managed daily NAV REIT based in Chicago, has launched a 1031 tax-deferred exchange program designed to provide accredited investors with the opportunity to defer taxes on gains from the sale of appreciated real estate. The JLL Exchange (JLLX) program will offer a series of private placements through the sale of interests in Delaware statutory trusts (DSTs) holding real properties sourced from Income Property Trust’s portfolio or from third parties.