159 results for “U.S. Economy”
Retail N Illinois

Flagships and the suburbs driving retail in Chicago

| Matt Baker

A growing economy and corporate expansions have led to escalating household incomes, providing consumers increased discretionary funds. According to Marcus & Millichap’s latest market report, retailers have taken notice. Activity in the suburbs improved over the rest of the metro in the last year, while new flagship stores have come to or a…

Industrial N Illinois

Lee & Associates negotiates two North American HQ transactions

Lee & Associates recently completed two transactions involving new North American headquarter facilities which will incorporate manufacturing/assembly into their new U.S. operations. In both transactions, the clients are moving a portion of their manufacturing/assembly operations from Europe to Illinois. The combination of the strong skille…

CRE V Michigan

Detroit on the rise: The return of the Renaissance City

| Steven Siegel

On June 18, hundreds gathered around the Michigan Central Depot, Detroit’s 500,000-square-foot decrepit former central train station. The building has served as a symbol of the city’s various ailments wrapped up in one gigantic piece of real estate: globalization, lack of opportunities, civic mismanagement. Yet, this time the crowd was not …

CRE X Missouri

Commercial Real Estate Hall of Fame: Block & Company's Reuben Pate

Each year, Midwest Real Estate News runs its Commercial Real Estate Hall of Fame edition, spotlighting the careers of the top pros in the CRE industry. This year, we are also running those profiles online. Today, we highlight the career of Reuben Pate, senior vice president with Block & Company, Inc., Realtors in Kansas City Missouri.

Industrial N Illinois

Industrial infill still driving activity in Chicago market

| Matt Baker

Nationally and in Chicago, developers are turning to construction, innovation and technology to meet tenant demand for industrial product. According to Avison Young’s Q1 2018 market overview, the U.S. industrial market, all 12 billion square feet of it, ended the first-quarter of 2018 with an impressive five percent vacancy rate overall.

Multifamily N Illinois

Spring weather brings swirling winds to apartment market

| Douglas Imber

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 …

Industrial N Illinois

A crossroads of possibilities exists at I-39 and I-80

| Matt Baker

Interstate 39 stretches over 300 miles, from Normal, Illinois to just outside Wausau in Wisconsin, skirting along the western edge of the Chicago metropolitan area. Depending on where you travel, the interstate has a variety of characteristics. And at the intersection of I-39 and I-80, a unique climate exists, ripe for new development.

Industrial N Illinois

Industrial Insider: NAIOP 2018 forecast

| Elise A. Couston, Senior Managing Director at Newmark Knight Frank

I recently attended the NAIOP Chicago chapter forecast breakfast that was headlined by Dr. Mark Eppli, Bell Chair in Real Estate at Marquette University. This is the seventh consecutive year that Dr. Eppli has presented to this audience.

CRE N Illinois

Chicago is one of three “cities to watch” in 2018

| Matt Baker

New research from TH Real Estate predicts that the up-and-down stock market that we’ve seen of late shouldn’t scare off real estate investors. In fact, they portend a growing economy and that real estate market conditions will remain solid, especially in three markets: Los Angeles, Chicago and New York.

CRE Midwest

Construction employment and wages are both rising

| Matt Baker

According to an analysis of new government data by the Associated General Contractors of America, rising pay rates enabled the construction industry to attract more workers, leading to a growth of 61,000 jobs to the workforce in February. Association officials cautioned that the Trump administration’s newly imposed steel and aluminum tariff…

Hospitality N Illinois

Hotel sector capitalizing on healthy demand

The hotel sector is seeing healthy demand via three major sources—corporate transient travel, group and conventions business and leisure travel. This demand is leading to fuller hotels, allowing operators to increase room rates, according to JLL’s Hotels Investment Outlook for the fourth quarter of 2017. This acceleration of operating funda…

Healthcare N Illinois

The trend in healthcare: smaller and more specialized

| Matt Baker

Healthcare is one of the strongest parts of the economy right now. According to the U.S. Bureau of Economic Analysis, it is the nation’s largest sector by number of employees, having just surpassed the retail trade. Lest one think that this is due to retail’s woes, healthcare has been on an unflinching increase for decades. The industry eve…

Healthcare N Illinois

Life sciences real estate is booming

| Matt Baker

Every industry is contending with technological disruptors, and the life sciences are no different. The commercial real estate industry is front and center in this disruption, according to CBRE analysis, and Chicago in particular is poised for growth.