CRE Midwest
Urban centers, such as Chicago’s Loop, are seeing their populations steadily grow, according to the Urban Land Institute’s latest research.

The numbers show it: Jobs, people flocking to big cities

Developers haven’t been shy about building luxury apartments in the centers of dense urban areas. Retailers are building distribution centers and warehouses closer to the center of these same big cities. And restaurateurs? When they want to make a big splash, they open in a downtown neighborhood. Why? It’s because urban areas are booming today.

CRE N Illinois
Chicago CRE Future Leaders: Greg Gonzalez

Chicago CRE Future Leaders: Greg Gonzalez

As part of our series, CRE Future Leaders, we caught up with Greg Gonzalez, director of student housing at Berkadia. Gonzalez advises on investment sales transactions, mortgage banking and equity placement. His responsibilities include new business development, building client relationships, asset analysis and underwriting, strategic marketing and disposition advisement for both purpose-built student housing and university orbit conventional multifamily assets.

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Finance Midwest
Multifamily continues to fuel the commercial finance business.

Berkadia's Callaghan: Workforce apartment units still scarce

Like all commercial financing professionals today, Colin Callaghan, senior managing director with the Southfield, Michigan, office of Berkadia, is keeping a close watch on the multifamily market. That’s because the requests for financing from developers and investors eager to play in this sector are still coming at a rapid clip. But there’s a trend with all those requests for multifamily construction financing: Developers are hoping to build luxury apartments, not those catering to renters with more modest incomes.

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Retail i Ohio
Gorjian acquires Toledo retail center

Gorjian acquires Toledo retail center

Joel Gorjian, a national real estate investor and president and chief executive officer of Great Neck, New York-based Gorjian Acquisitions, has completed the purchase of the Airport Plaza shopping center at 4040-4114 Airport Highway in Toledo, Ohio. 

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