CRE N Illinois Kaegi elicits mixed reactions at SIOR/AIRE/CCIM event New Cook County Assessor, Fritz Kaegi, is traveling around the county to articulate his new policies and platform, including a recent speech to a packed room at the May meeting of the Chicago Chapter of Society of Industrial and Office Realtors (SIOR), co-hosted with the Association of Industrial Real Estate Brokers (AIRE) and the Illinois …
Industrial i Ohio NKF closes 52,000-square-foot industrial lease in Ohio business park Newmark Knight Frank has arranged a new 52,500-square-foot lease to Benchmark Industrial Inc. at the Central Park of Gahanna, 870 Claycraft Road in Gahanna, Ohio. Central Park of Gahanna is a 262,500-square-foot spec warehouse currently under construction.
CRE N Illinois Landmark proposes multi-billion-dollar economic development tool for One Central project Landmark Development Company promised not to seek tax increment financing funds from the city of Chicago for its ambitious ONE Central development in the city’s South Loop. Instead, they hope to partner with the state of Illinois in an unusual $3.8 billion buyback scheme.
CRE N Illinois IDFPR director Kreg Allison recognized with special achievement award The Association of Illinois Real Estate Educators (AIREE) honored Kreg Allison, the director of the Division of Real Estate for the Illinois Department of Financial and Professional Regulation (IDFPR), with a special achievement award in recognition of his commitment to innovation and modernization.
CRE N Illinois Chicago's Eckenhoff Saunders Architects names new principal Craig Smith has joined Chicago-based architecture, planning and design firm Eckenhoff Saunders Architects as principal.
Hospitality N Illinois Red Roof expands The Red Collection with Springfield hotel State House Inn, the second property and first franchised property in The Red Collection, Red Roof’s first soft-brand, has opened in Illinois’ capital city, Springfield. Located in the heart of downtown, the property features 125 guest rooms and has undergone a full renovation. The property is owned by Vendian Capital Management and managed…
Hospitality X Missouri CBRE sells 188-room hotel in Missouri CBRE closed the sale of a 188-room Holiday Inn & Suites in Springfield, Missouri.
Industrial X Missouri Kansas City's Hunt Midwest names GM of development Kansas City, Missouri-based Hunt Midwest has promoted Aaron Schmidt to general manager of development and construction. Schmidt joined the company as a manager of planning and construction in 2006 and has been promoted multiple times during the last 12 years.
Multifamily N Illinois Interra Realty brokers three multifamily sales in Chicago for over $10 million Chicago-based Interra Realty brokered three apartment building sales in the Chicago area totaling $10.1 million. The transactions include properties in the suburb of Evanston and North Side city neighborhoods.
Retail Midwest Sears Holdings announces 63 store closures, with more on the way Sears Holdings Corporation, the Hoffman Estates, Illinois-based holding company of Sears and Kmart, has announced a new round of store closures. The company will have 63 fewer store locations by the end of July, of which 25 are in the Midwest.
Multifamily N Illinois Spring weather brings swirling winds to apartment market In a recent letter to Berkshire Hathaway shareholders, Charlie Munger penned that the company’s future leaders would likely be unable to generate the type of returns he and Warren Buffet delivered. He argued that it wasn’t because their future managers wouldn’t be as talented, but rather because, “It doesn’t matter how good of a fisherman …
Retail X Missouri St. Louis' Knoebel Construction wraps work on its first Lucky's Market project Knoebel Construction has completed work on its first Lucky’s Market, building a new store for the grocer in Springfield, Missouri. St. Louis-based Knoebel is contracted to build two additional Lucky’s Markets in St. Petersburg and Winter Park, Florida.
Hospitality X Missouri Fairfield Inn & Suites opens in Missouri community A 103-room Fairfield Inn & Suites by Marriott opened Feb. 13 in Springfield, Missouri.
finance V Michigan Pillar closes more than $7 million to refinance manufactured housing communities in Michigan, Illinois Pillar has originated $7.75 million to refinance a pair of manufactured housing communities, Tallgrass MHC in Coldwater, Michigan, and Oakwood Estates MHC in Springfield, Illinois.
CRE Midwest Illinois Senate confirms appointment of Kreg Allison as director of real estate division Allison serves as the head regulator for the real estate industry in Illinois overseeing professional education, licensure, regulation, and discipline for more than 80,000 licensees working in seven professions.
Office Midwest Chicago Fed’s David Oppedahl describes economy as 'the tortoise and the hare' at AIRE and SIOR joint luncheon David Oppedahl, a senior analyst with the Federal Reserve’s Chicago office, told more than 350 members of AIRE and SIOR that today’s economy is a classic example of the tortoise and the hare, performing at fits and starts in a variety of key categories.
CRE Midwest The newly formed Illinois Business and Economic Development Corp. maintains focus on investment, industrial opportunities The New Year and the new governor are bringing much-desired change and development to the Illinois’ Department of Commerce and Economic Opportunity.
Industrial Midwest Comptroller Munger suggests four business principles for state’s woes Illinois is making history, but not the type of history that is celebrated with ticker tape parades and cheering downtown rallies.
Retail i Ohio Marcus & Millichap sells 207,000-square-foot shopping center in Ohio Institutional Property Advisors, a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, has closed the sale of Springfield Commons, a 207,497-square-foot shopping center located in Springfield, Ohio.
CRE Midwest Richard Tucker: A team player Richard Tucker started in commercial real estate in 1982 with his first job as a property manager for shopping centers. Over the past 30 years, much of his work has been in traditional single-level community and larger shopping centers, in both urban and growth markets.