Multifamily O Indiana The commercial action in Indianapolis? It's downtown People want to live in downtown Indianapolis. And that demand is providing a significant boost to the multifamily market in the center of this key Midwest city.
CRE N Illinois CRE Future Leaders: Eric Johnson Eric Johnson recently joined Industrial Outdoor Ventures as vice president of development and acquisitions. Having worked in the past on a variety of complex rail-, port- and infrastructure-related industrial development projects, he oversee the firm’s development activity, from land acquisition through the construction phase straight through to tenant move-in.
Industrial Midwest Industrial market still charmed in the Midwest Ecommerce and the push for last-mile distribution centers continue to provide a boost to the U.S. industrial market, with Avison Young reporting that 272 million square feet of industrial construction was completed throughout the United States in the first quarter of 2019.
Retail N Illinois Retail owners starting to hit a wall in Chicago The retail sector has faced numerous challenges since the rise of e-commerce. The story is no different in Chicago where owners and brokers are struggling to fill storefronts both large and small.
Join us July 25, 2019 5th Annual Net Lease Summit University Club of Chicago76 E Monroe StChicago, IL More Information & Registration
Office W Minnesota CBRE to handle leasing of 400,000-square-foot office tower in Minneapolis CBRE announced has been awarded the exclusive leasing assignment for Canadian Pacific Plaza, a 400,000-square-foot Office Tower at 120 S. Sixth St. in the Minneapolis Central Business District. The property is owned by Artis REIT.
Office W Minnesota KW Commercial sells 20,000-square-foot office building near Minneapolis KW Commercial recently negotiated the sale of Nicollet Plaza Building at 200 E. Travelers Trail, a 20,653-square-foot two-story office/retail building located in Burnsville, Minnesota.
Multifamily N Illinois Gold Coast condo building seeks deconversion buyer CBRE has been retained to list 21 East Chestnut Condominiums, a 163-unit condo property in Chicago, for deconversion to apartments. Built in 1962 and converted to condos in 1979, the 25-story multifamily tower offers a mix of studio, one-bedroom and two-bedroom units.
Retail N Illinois Marcus & Millichap arranges sale of new construction retail property in Lockport Marcus & Millichap facilitated the sale of a new construction, 7,749-square foot retail property located in Lockport, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold at 99 percent of list price to an out-of-state, 1031 buyer for $4,225,000.
CRE X Missouri Kwame earns honor for rehab work at St. Louis airport Kwame Building Group has received the American Concrete Paving Association Excellence in Concrete Paving Award for taxiway and runway rehabilitation work at St. Louis Lambert International Airport.
Retail N Illinois CBRE brokers deal bringing women’s intimate apparel brand, LIVELY, to Chicago LIVELY, a women’s intimate apparel and lifestyle brand, opened its first Chicago location at 823 W. Armitage Avenue in Chicago’s Lincoln Park neighborhood on May 22. CBRE’s Amanda Aaron, Kim Wiskup, Todd Siegel and Phil Golding represented LIVELY in the 1,377-square-foot lease.
Retail Q Kentucky NAI Isaac brings pool company to Kentucky community Riptides, which offers above-ground and custom in-ground pool design and construction services, opened a new location in Corbin, Kentucky, at 13475 N. US Highway 25 E.
Seniors Housing N Illinois Two-property assisted living portfolio sale brokered by IPA Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of the Fountains Assisted Living portfolio, a two-property, 135-unit portfolio located in Granite City and Godfrey, Illinois. The properties are The Fountains of Granite City, constructed in 2000 and The Fountains of Godfrey, built in 2006.
Multifamily N Illinois Sterling Bay partners with Skender to bring modular affordable housing projects to Chicago’s West Side Sterling Bay will build an 83-unit apartment building and 10 three-flats on Chicago’s West Side, all offering affordable housing units, with another 100 or more affordable housing projects to follow all around the city. The developer announced their plans to partner with Skender, using their modular construction approach, just as that company’s Little Village manufacturing center is set to open next week.
Office Q Kentucky NAI Isaac helps home healthcare company find new base in Lexington Caretenders, which provides home- and community-based services through a network of caregivers, is moving into Corporate Plaza in Lexington, Kentucky. The company will occupy 5,516 square feet on the office building’s 10th floor.