CRE Midwest
2020 Forecast: Gloor and Nieman to give their experts' view

2020 Forecast: Gloor and Nieman to give their experts' view

REjournals is announcing the first names in what promises to be a blockbuster lineup for its 18th annual Commercial Real Estate Forecast Conference being held on January 9, 2020 in the West Tower Ballroom of the Hyatt Regency Chicago. Andy Gloor of Sterling Bay and Drew Nieman of Riverside Investment & Development are headlining the newly announced “The Experts’ View” interview series—to be moderated by another CRE expert, JLL’s Meredith O’Connor.

Industrial Midwest

Prologis to acquire Liberty Property Trust for $12.6B

Prologis and Liberty Property Trust have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6 billion, including the assumption of debt. The board of directors of Prologis and the board of trustees of Liberty have each unanimously approved the transaction.

Finance Midwest
Providing workforce housing remains a challenge throughout the Midwest.

Financing the new kids on the block: Co-living, cannabis and workforce housing

As 2019 draws to a close, investor interest is growing in several emerging assets, including co-living, workforce housing and cannabis tenants. Matt Wurtzebach, senior vice president in the Commercial Finance Group at national real estate services firm Draper and Kramer, Incorporated, shared his thoughts with Midwest Real Estate News about what he’s seeing from the front lines, including lender appetite across these emerging segments of the multifamily market as well as special challenges associated with financing cannabis real estate.

CRE Midwest
Tod Lickerman;Cresa

Cresa adds former JLL, Cushman leader, Tod Lickerman, to board of directors

Cresa has appointed Tod Lickerman to its board of directors. Lickerman previously served as global president and Americas CEO at Cushman & Wakefield and will help Cresa’s executive leadership on their ambitious growth strategy, which in the last three years has resulted in the integration of 20 independently owned companies, in addition to 15 new offices outside of North America.

CRE Midwest
2260 Wendt Street in Algonquin, Illinois.

NAI Hiffman arranges $17M sale-leaseback for Young Innovations in IL, MO

NAI Hiffman completed a sale-leaseback transaction on behalf of Young Innovations, Inc., a global manufacturer and distributor of consumable dental supplies and equipment. The assets, which sold for $17.1 million, include the company’s 95,000-square-foot headquarters building at 2260 Wendt Street in Algonquin, Illinois, as well as the firm’s three manufacturing and distribution facilities totaling 117,400 square feet in Earth City, Missouri, a suburb of St. Louis.