CRE i Ohio Three questions with ... Cushman & Wakefield's Mike Sullivan A member of the capital markets team in Cushman & Wakefield’s Cincinnati office, senior director Mike Sullivan is an industry veteran who understands the ins and outs of the commercial real estate market. A specialist in office, industrial and medical office properties, Sullivan shared his thoughts on the state of the CRE market both nation…
Industrial N Illinois Midwest Industrial Funds acquires headquarters facility in Downers Grove An affiliated entity of Midwest Industrial Funds recently purchased a 51,860-square-foot headquarters, light‐manufacturing and distribution building located at 5101 Thatcher Road in Downers Grove, Illinois. The high-image, precast concrete and brick building was originally constructed in 1989 and expanded in 2011. Midwest Industrial Funds a…
Office X Missouri Copaken Brooks, Square Deal purchase former KC board of education building An investment group including principals of Copaken Brooks and Square Deal Investments purchased the former Kansas City Public LIbrary and Board of Education Building at 1211 McGree St. in downtown Kansas City, Missouri.
Retail v Wisconsin Physcial retail dead? Don't believe that hype It’s easy to think that the retail market across the country is dying. But that’s simply not true. There are plenty of retailers who are thriving, even in the bricks-and-mortar world.
Office N Illinois Cboe to relocate to Old Post Office, create new trading floor in Board of Trade Building Cboe Global Markets, one of the world’s largest exchange holding companies, has confirmed earlier reports that the firm will relocate its global headquarters in Chicago to the Old Post Office building at 433 W. Van Buren Street. The company also plans to build new trading floor in the Chicago Board of Trade Building, to be completed in 2021.
Retail N Illinois Buy your way in: The retail landscape in three Chicago hot spots The opening earlier this summer of Offshore—the nation’s largest rooftop venue—spoke volumes, not just about efforts to rejuvenate a lackluster Navy Pier, but about the state of retail itself in Chicago. Just as in other markets, consumers respond to several trends.
CRE X Missouri Ken Block: The cranes not leaving Kansas City anytime soon Kenneth Block, managing principal with Kansas City’s Block Real Estate Services, entered the commercial real estate business in 1975. He has since been involved in the development of more than 220 buildings with a total value of more than $1.3 billion.
CRE X Missouri Block Real Estate Services marketing Crown Center site in Kansas City Michael Block and Keiten Nuspl of Block Real Estate Services, LLC are marketing a Kansas City, Missouri, site for sale that is ripe for a multifamily/mixed-use development.
Multifamily i Ohio Smartland seeking investors for two funds in Northeast Ohio A fast-growing, relatively new player on the Cleveland commercial real estate scene, real estate investment firm Smartland LLC., is currently seeking investors for two funds: a $22 million fund to focuse on properties in Qualified Opportunity Zone areas of Cleveland and a $50 million fund that will acquire multifamily and light industrial p…
Office X Missouri Block brings new tenant to 46 Penn Centre in Kansas City RSM US LLP is relocating its Kansas City, Missouri, office in July of 2020 to 46 Penn Centre, a Class-A, 14-story, 214,000-square-foot office building being developed by Block Real Estate Services, LLC on the Country Club Plaza.
Retail N Illinois Centennial unveils "Central Park" transformations for two Chicago-area malls Centennial, a Dallas-based real estate investment firm with a national portfolio of shopping, dining, entertainment and mixed-use destinations, has revealed plans for its redevelopment of two Chicago-area malls: Hawthorn Mall in Vernon Hills, Illinois, and Fox Valley Mall in Aurora, Illinois. Each property’s dated center court space will be…
CRE N Illinois Three brokers promoted at Lee & Associates of Illinois Lee & Associates of Illinois announced that three brokers have been promoted. Nick Eboli and Jay Farnam have been promoted to executive vice president while Andrew Block has been promoted to senior associate.
Industrial N Illinois Where real estate intersects with technology The importance of location to real estate is so profound, it’s usually thrice repeated. The opposite is true of our second world, the digital realm that overlays the physical, where one’s setting is mostly irrelevant. That’s why there is a growing need to merge the two, to find that place where property and technology can interface.
Multifamily N Illinois South Shore multifamily development sells for $3.25 million Chicago-based commercial real estate investment services firm Interra Realty brokered the sale of a 61-unit multifamily development at 7131-51 S. Bennett Avenue in Chicago’s South Shore neighborhood. The sale price was $3.25 million.
Office X Missouri Midwest Commercial Hall of Fame: Block Real Estate Services' Brent Roberts Each year, Midwest Real Estate News elects a new class to its Commercial Real Estate Hall of Fame. This year, we are also running the profiles of these CRE pros online. Today, we look at the busy career of Brent Roberts, senior vice president and office specialist with Block Real Estate Services in Kansas City, Missouri.
Multifamily N Illinois Interra Realty brokers $6.5M in sales in Chicago’s Andersonville Neighborhood Interra Realty, a Chicago-based commercial real estate investment services firm, brokered the $3.75 million sale of a 12-unit multifamily building and adjacent lot on Glenwood Avenue in Chicago’s Andersonville neighborhood. In a separate transaction, also within Andersonville, the firm brokered the $2.8 million sale of a 20-unit rental buil…
CRE N Illinois CRE Future Leaders: Christine Kolb As part of our series, CRE Future Leaders, we caught up with Christine Kolb associate vice president, development at Focus. Kolb joined Focus in 2013. Her first project was to manage development and design of a 239-unit, class-A luxury apartment project in Glenview, Illinois. She also represents Focus as a member of the Chicago Metropolitan…
Finance O Indiana HFF refinances iconic office tower in Indianapolis Holliday Fenoglio Fowler, L.P. recently closed the refinancing of 300 North Meridian, a 336,374-square-foot, Class-A office tower in Indianapolis.
Industrial N Illinois Off-Market DHL facility sells in O'Hare submarket Matthews Real Estate Investment Services sold an off-market DHL facility in Chicago’s O’Hare submarket. Located at 10451 Waveland Avenue in Franklin Park, Illinois, the concrete, tilt-up construction building sold for $11.6 million.
CRE N Illinois Howard Blair Joins Sterling Bay Howard Blair, the self described “construction guy in a suit,” and renowned Chicago commercial real estate executive/developer, has joined Sterling Bay as a director of construction. He leaves Development Resources Inc. (DRI) after a much lauded 32-year career in which he helped bring to life the projects and vision of some of the city’s mo…