Industrial N Illinois Capital availability may be drying up for select industrial products Industrial has been so sturdy for so long that it’s hard to remember a time when the asset class wasn’t the darling of commercial real estate. While e-commerce growth is expected to continue—and with it, the warehouses and logistics facilities that bridge the flow of goods from suppliers to consumers—there are a number of question marks at the beginning of 2019.
Industrial O Indiana Colliers report: Expect more record-breakers in Indianapolis industrial market When it comes to new industrial construction, no market in the Midwest beat out Indianapolis in 2018. Colliers International reported that the Indianapolis area saw an industrial inventory growth of 3.2 percent last year, leading the Midwest.
CRE N Illinois CRE Future Leaders: Bryan Rosenberg As part of our series, CRE Future Leaders, we caught up with Bryan Rosenberg, a director in the Chicago office of HFF with more than eight years of experience in real estate and finance. His primary focus is office investment advisory across the Midwest United States. Throughout his career, Rosenberg has been involved in more than $5 billion in transactions.
Retail V Michigan Bradley Company: Plenty of hope for Grand Rapids' retail The commercial real estate market in Grand Rapids remains one of the busiest in Michigan. This isn’t surprising considering the rise of this city as a Midwest tourist destination, one becoming known for its brew pubs, eclectic mix of restaurants and popular museums.
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Industrial i Ohio Pizzuti to develop 848,000-square-foot industrial project in Ohio The Pizzuti Companies and its partner Centerpoint Development, LLC have announced plans for a new 848,160-square-foot speculative industrial building in West Jefferson, Ohio. The warehouse is being constructed on a 55-acre site off Interstate-70 with direct access to major highways.
Industrial N Illinois Suburban Chicago industrial portfolio sells for 11.5 million Marcus & Millichap brokered the $11.5 million sale of a three-building industrial portfolio in suburban Chicago. Jordan Goodman, an associate in the firm’s Chicago downtown office, along with Matt Fitzgerald and Jeff R. Rowlett, both senior vice presidents, investments, in the Milwaukee office, represented the seller, a special servicer. All three properties sold at auction to separate buyers that were a mix of local and out-of-state institutions.
CRE V Michigan Michigan's Pogoda Companies taking on aggressive acquisition campaign Farmington Hills, Michigan-based self-storage firm Pogoda Companies has taken on an aggressive growth campaign led by new director of acquisitions Adam Pogoda.
Multifamily N Illinois Apartment Investment Advisors closes two Chicago multifamily transactions Apartment Investment Advisers closed two multifamily transactions in January 2019 in Chicago, one in the Lakeview neighborhood and the other in the South Shore neighborhood, according to Jack Cassin, managing broker, Apartment Investment Advisers.
Multifamily N Illinois Marcus & Millichap arranges sale of mixed-use building in Chicago Marcus & Millichap announced the sale of an 11,150-square-foot, mixed-use property located in Chicago, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,325,000.
Net Lease O Indiana Stan Johnson Company sells healthcare building in Indiana Stan Johnson Company has completed the sale of a free-standing 3,800-square-foot healthcare building occupied by St. Vincent Medical Group. At 602 N. 5th St. in Middletown, Indiana, the facility is located 15 miles southwest of Muncie, Indiana and only one hour from Indianapolis.
Industrial N Illinois Colliers arranges sale of 81,212-SF Elmhurst warehouse Colliers International | Chicago’s Jeff Devine and Steve Disse represented Venture One Real Estate in its sale of an 81,212-square-foot logistics facility at 845 Larch Avenue in Elmhurst, Illinois. Alpha Industrial acquired the property for an undisclosed price.
Industrial V Michigan Bond Street Properties purchases 17,000-square-foot site in Detroit An investment group managed by Bond Street Properties has purchased 1360 E. Jefferson Ave. in Detroit. The property is a 17,422-square-foot site.
Office N Illinois Cushman & Wakefield secures lease restructuring and extension for USG global headquarters Cushman & Wakefield has represented USG Corporation in restructuring and securing a 10-year lease extension for the company’s global headquarters at 550 W. Adams Street in Chicago. The global building materials manufacturer will remain in 220,000 square feet on floors 11 through 18.
Finance N Illinois HFF arranges acquisition/bridge debt financing for Chicago data center portfolio Holliday Fenoglio Fowler, L.P. (HFF) arranged a debt financing for a two-property data center portfolio totaling more than 194,000 square feet in the Chicago-area community of Wood Dale, Illinois. HFF worked on behalf of the borrower, a venture between Safanad, Industry Capital and Element Critical, to secure the three-year, floating-rate acquisition bridge loan.