Office V Michigan CBRE: Detroit office market poised for strong start in 2019 The coming months look like bright ones for the Detroit office market, as the sector closed 2018 on a strong note, according to the latest research from CBRE.
Office N Illinois Why Chicago continues to compete nationally on office growth Growth is good. And with a growing number of headquarters calling the Chicago MSA home, the area’s magnetism for regional, national and global office users is only strengthening.
CRE O Indiana Cautious strength: Indianapolis CRE market set for a strong 2019 Janice Paine isn’t shy about expressing her love for Indianapolis. Paine, senior vice president of brokerage for Central Indiana with Bradley Company, said that this key Midwest city offers plenty to companies: a centralized location, skilled labor force, a pro-business government and low expenses.
Industrial N Illinois Industrial forecast: Some overbuilding won’t block the path ahead in 2019 The size of the crowds at last week’s Chicago Commercial Real Estate conference illustrate the fact that the CRE industry and this market are on great footing going into the new year. One sector in particular, industrial, drew a great amount of interest as the breakout session had a packed house.
Join us March 14, 2019 3rd Annual Indianapolis CRE Summit The Westin Indianapolis241 W Washington StIndianapolis, IN More Information & Registration
Office v Wisconsin Transwestern helps close sale of iconic office building in Milwaukee Anzomade purchased the 1897 mansion at 1037 N. Astor St. in Milwaukee. The 4,860-square-foot office building has had just three owners during its lifetime, starting with James Ilsley, the son of the founder of Marshall & Ilsley Bank.
Industrial O Indiana Zacher Company closes 33,000-square-foot industrial lease in Indiana John Adams and Steve Zacher of the Zacher Company represented the landlord, Dwyer Instruments, Inc., in the lease of 33,600 square feet of industrial space at 367 W. 1st St. in South Whitley, Indiana.
Office N Illinois Elgin office building sells for $1 million Marcus & Millichap announced the sale of a 9,562-square-foot, two-tenant office building located at 452 N. McLean Boulevard in Elgin, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The 100-percent leased property sold for $1,000,000.
Finance N Illinois ASC arranges $15.4 million for Chicago multifamily portfolio refi American Street Capital (ASC) has arranged $15.4 million in permanent loans for the cash-out refinance of a seven-building multifamily portfolio located in the Bronzeville and Kenwood neighborhoods of Chicago. The loan was co-originated by Igor Zhizhin and Alexander F. Rek.
Office N Illinois Consulting firm Slalom moves to Chicago's Aon Center Slalom, a consulting firm focused on strategy, technology and business transformation, announced the relocation of its Chicago office from Prudential Plaza to the Aon Center. The firm’s Chicago consulting business and build center, Slalom Build, will now occupy 65,000 square feet on two floors at the Aon Center, more than doubling their previous office space in Chicago.
Retail N Illinois Marcus & Millichap arranges sale of multi-tenant retail property Marcus & Millichap announced the sale of Randall View Court, a 7,970-square-foot retail property located in Lake In The Hills, Illinois, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. After multiple offers, the asset sold for $800,000 within 30 days of going under contract.
Industrial N Illinois Brown Commercial Group completes 33,262 SF of leases, sales in Chicago suburbs Brown Commercial Group has completed industrial transactions totaling 33,262 square feet in Chicago’s west and northwest suburbs. The transactions, in Bartlett, Franklin Park, Palatine and Schaumburg, Illinois, illustrate user demand for well-located facilities around the market.
Hospitality N Illinois McKibbon Hospitality to manage Hyatt House in Chicago's Fulton Market District Tampa, Florida-based McKibbon Hospitality has been awarded the management contract for the Hyatt House Chicago Fulton Market District. The hotel is being developed by Sterling Bay and is owned by an affiliate of Wheelock Street Capital and Sterling Bay. The hotel will be McKibbon Hospitality’s first management property in the growing Fulton Market District of Chicago.
Multifamily Midwest Evergreen Real Estate taking on management duties at properties across Midwest Chicago-based Evergreen Real Estate Group has been retained to manage nine affordable-housing communities for a total of 1,071 units across Illinois, Kansas, Ohio and Wisconsin. The assignments include a mix of affordable housing for families, seniors and people with disabilities, expanding Evergreen’s management portfolio to more than 8,500 units throughout the United States.
Finance i Ohio Bellwether Enterprise opens new headquarters in downtown Cleveland Bellwether Enterprise Real Estate Capital LLC has opened its new headquarters in Cleveland. Located at One Cleveland Center, 1375 E. 9th St., a skyscraper in the heart of Downtown Cleveland, the new office is a modern upgrade.