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11th Annual Multifamily & Apartment Conference
St. Louis has long served as a crossroads for American industry with traditional manufacturing driving its economy through many periods of growth. Now in the digital age this metropolitan region in the center of the nation’s heartland finds itself at its own crossroads: embracing a future powered by new tech‐focused industries while sheddin…
You might think that all brick-and-mortar retailers are struggling today, what with Amazon and online sales a constant threat. But the truth is more complicated, as the latest national retail forecast from Marcus & Millichap highlights.
Pent-up demand. That force is fueling the rising sales, leasing and construction activity in both the multifamily and healthcare sectors in Detroit and its surrounding communities, said David Wilkins, managing director of loan originations with Bloomfield Hills, Michigan-based commercial lender Pillar Financial.
Jeffrey Miller, senior managing director in Newmark Grubb Knight Frank’s Chicago office recently arranged the purchase of 500 36th St. in East Moline, Illinois, on behalf of an undisclosed buyer, a regional repeat client of NGKF. The acquisition of the Quad Cities-area manufacturing facility is valued at more than $5 million.
Urban office spaces aren't the only ones that can be cool. The authors of this column explain how owners and architects are working together to pump energy into suburban office buildings.
Waterton Co-Founder Peter Vilim is set to begin "semi-retirement," as he shifts from co-chairman to vice chairman as a part of a transition program started in 2012.
Many real estate experts predicted that the multifamily market would run out of steam three years ago, and some are now saying they expect to see apartments take a dive next year. They were wrong in 2013, then again in 2014 and again in 2015. And the weight of evidence is against them in 2016.
Look at the biggest commercial real estate deals across the country. The odds are high that investors from overseas purchased these key office towers, retail centers or apartment projects. And the importance of foreign capital to the U.S. commercial real estate market is only increasing.
In Dearborn, Michigan, a once bustling commercial block has fallen on tough times. The Wagner Hotel block in the West Downtown District suffered multiple vacancies and a fire during the last economic recession–and has been struggling to rebuild since.
AJR Filtration has operated a manufacturing facility in St. Charles, Illinois, since 2001. But as the company, a manufacturer of custom filters used in medical equipment and liquid processing, continued to grow, it needed more space. The challenge? AJR wanted to expand, but it didn't want to move far enough away from its St. Charles home to…
A 147,920-square-foot Chippewa Center in St. Louis, Missouri, has sold to Springfield, Illinois-based Jared Commercial for $10.6 million.
The retail market has been slowly, but steadily, improving in the St. Louis area. An example of that came earlier this month, when Mid-America Real Estate Corporation's investment sales team closed a $10 million retail sale in the city.
Federal, state and local government agencies have significant real estate needs, including the necessity of repairing and replacing aging infrastructure and utilities. But these agencies are finding it increasingly challenging to find the funding to pay for the development of their properties. As a solution, public-private partnerships (P3s…
The award is directed towards honoring longevity, quality services, and community involvement in small businesses in the Kansas City region.
There is possibly no hotter market in Chicago real estate today than the Fulton Market District. The recent arrival of Google and pending arrival of McDonald’s has placed this neighborhood in the crosshairs of every major developer in Chicago, New York and beyond.
Property tax bills are hitting Chicago mailboxes, and taxpayers are up in arms. The skyrocketing rates are a by-product of the record $588 million property tax increase passed last fall by the Chicago City Council.
David Bloomberg has seen the trend: Developers and investors are eagerly seeking to acquire condo buildings and turn them into apartments. This de-conversion trend is taking hold across the Midwest, and developers and investors stand to earn plenty of dollars from it. But Bloomberg, principal at Chicago law firm Chuhak & Tecson, says that c…
Midwest Real Estate News recently spoke to Susan Blumberg, senior vice president and managing director with the Chicago office of NorthMarq Capital, about how busy developers and investors are these days when it comes to requesting commercial financing for new developments and acquisitions. Blumberg's answer? Very
As residents are benefiting from more abundant services, an improved transportation network, and a low tax rate, there has been an interesting demographic shift, revealing an affluence never before present in this area.