Multifamily Midwest
Are high rents chasing younger adults from the city?

Are high rents chasing younger adults from the city?

What’s the biggest weakness of the multifamily market in the United States today? Brokers across the Midwest frequently point to the lack of affordable apartment units in their cities. The new apartment buildings rising throughout the region, they say, boast a slew of amenities and great locations in the heart of urban areas. But they also come with monthly rents that are too high for most of the population.

Industrial Midwest
As online grocery sales grow, cold-storage demand heats up

As online grocery sales grow, cold-storage demand heats up

The demand for new distribution centers across the country has been well-documented: Consumers increasingly want their gym shoes, video games and flat-screen TVs delivered in one or two days. But the growth of online grocery sales has boosted demand for another kind of warehouse, cold-storage. And that demand is only expected to rise, according to new report from CBRE.

CRE Midwest
150 North Riverside in Chicago, developed by Riverside Investment and Development and designed by Goettsch Partners.

Four Midwest developments named as finalists for ULI Global Awards for Excellence

Of the 19 developments from around the globe that have been selected as finalists for the Urban Land Institute’s (ULI) 2019 Global Awards for Excellence competition, four are located in the Midwest. Widely recognized as one of the real estate industry’s most prestigious honors, the Global Awards for Excellence recognize real estate projects that achieve the highest standard of excellence in design, construction, economics, planning and management.