Legal W Minnesota Minneapolis' Larkin Hoffman adds to board of directors Phyllis Karasov, shareholder with Minneapolis’ Larkin Hoffman, was elected to the law firm’s board of directors.
CRE W Minnesota It's a man's world in commercial real estate? It doesn't have to be The commercial real estate industry remains dominated by men. Need proof? Go to any industry function. Sure, some women will fill the seats in the room, and some might even speak on industry panels. But for the most part? The vast majority of people crowding the room will be men.
Net Lease N Illinois Marcus & Millichap arranges $3.7M sale of dialysis center Marcus & Millichap facilitated the sale of a 9,703-square-foot, net-leased DaVita Dialysis Center, located in South Holland, Illinois. The asset sold in a 1031-exchange to an out-of-state buyer for $3,707,000. Valerie Cook, senior associate, and senior vice presidents–investment Austin Weisenbeck and Sean R. Sharko of the firm’s Chicago Oak…
Healthcare N Illinois Blue Cross and Blue Shield opening neighborhood center in Chicago's Pullman community Blue Cross and Blue Shield of Illinois (BCBSIL) is breaking ground on a neighborhood center in Chicago's historic Pullman community. Called the Blue Door Neighborhood Center, it will be BCBSIL's first-ever neighborhood-based site, offering Chicagoans the opportunity to access in-person services aimed at helping them improve their health.
Healthcare i Ohio Cushman & Wakefield sells medical center building in Cleveland market Cushman & Wakefield has arranged the sale of Seventh Avenue Medical Center in Chardon, Ohio, a Cleveland suburb.
Net Lease N Illinois Cap rates on the rise for net-leased medical market Medical uses continue to migrate away from their traditional homes on hospital campuses to retail-oriented sites. Even as they are overshadowed by non-investment grade property volume, this “medtail” trend is growing in popularity among investors, sending cap rates up.
Healthcare N Illinois S.M. Wilson tackling $33 million healthcare expansion project S. M. Wilson & Co. has been selected by Blessing Hospital to serve as the construction manager of a $33 million Patient Care Center expansion in Quincy, Illinois.
Office N Illinois Avison Young assists Northwest Community Healthcare in 124k-SF office acquisition Avison Young has negotiated the acquisition of a 123,944-square-foot office building located at 3040 Salt Creek Lane in Arlington Heights, Illinois. Avison Young executive vice president Mark Johnson, a healthcare specialist located in the Chicago office, represented Northwest Community Healthcare (NCH) in the purchase of the property, more…
CRE N Illinois With unveiling of modular prototype, Skender hints at future of assembled buildings More than one hundred years ago, the assembly line revolutionized the manufacturing process. In fact, Henry Ford’s first implementation cut the time to build a car from half a day to half an hour. If this same template were applied to the erection of buildings, the savings in time and cost could truly transform the industry.
Seniors Housing i Ohio KeyBank provides $36 million for Ohio nursing home deal KeyBank Real Estate Capital has provided Foundations Health Solutions a total of $36.3 million through the FHA 232/223(f) loan program to acquire a four-property portfolio of skilled nursing facilities in Ohio.
Healthcare Midwest As patients demand convenience, surgery centers soar Medical providers continue to evolve, treating a growing number of patients in smaller facilities and fewer in sprawling hospital campuses. This, of course, is changing the way healthcare real estate looks.
CRE N Illinois Charitable giving program dips into broker referral fees, and brokers are thrilled It’s sometimes difficult to retain perspective, but real estate can be a lucrative business. In the first three quarters of 2018, real estate brokers in the United States made roughly $20 billion in commissions. There exists an easy mechanism to carve out some of that wealth and give it back to charity.
CRE N Illinois Green light given to $200 million North Lawndale mixed-use development The Chicago Planning Commission has given the go-ahead to The Habitat Company, along with partners Chicago Housing Authority, Sinai Health System and Cinespace Chicago Film Studios, for a $200 million plan to redevelop the former Ogden Courts East site in the city’s North Lawndale neighborhood.
Healthcare O Indiana Marcus & Millichap sells dialysis center in Northwest Indiana Marcus & Millichap sold a 13,194-square-foot DaVita Dialysis property in Hammond, Indiana. The asset sold in an all-cash transaction for $2.22 million.
Healthcare N Illinois Two MedProperties Group projects named development award finalists Two healthcare facilities developed by Northbrook, Illinois-based MedProperties Group have been named finalists in Healthcare Real Estate Insights’ annual, national awards program. MedProperties Group, a medical real estate investor, developer and operations platform, developed the facilities in Burr Ridge and Hinsdale, Illinois.
CRE W Minnesota Twin Cities' hot CRE market showing no signs of a slowdown Outsiders tend to lump the cities of Minneapolis and St. Paul into one large metro. But while it’s true that these two cities, which make up the Twin Cities metropolitan area, have plenty in common, there are big differences, too.
Healthcare O Indiana CBRE hires healthcare specialist in Indianapolis CBRE has hired Katie Sobotowski as a vice president in its Indianapolis office. She will specialize in the healthcare sector.
Industrial N Illinois Northern segment of Chicago MSA sees variegated industrial activity For the second quarter in a row, leasing velocity increased in Chicago’s overall industrial market, totaling 10.1 million square feet during the third quarter of 2018. According to a Research & Forecast Report by Colliers International, the northern submarkets had varying changes to absorption and vacancy, though mostly improved.
Office N Illinois Legal consulting firm announces expanded Chicago office space at 151 N. Franklin Manatt, Phelps & Phillips, LLP, a leading law, healthcare and consulting firm, will expand its Chicago office with a relocation to the recently opened 151 N. Franklin Street tower in Chicago’s Loop. The move into 11,000 square feet of custom, high-tech space within the John Buck Company’s recently completed 35-story office building undersco…
Seniors Housing N Illinois Supply and labor concerns in the senior housing sector Approximately 150 industry professionals crowded into the University Club on Wednesday, November 7th for REjournals’ 10th annual Chicago Senior Housing Real Estate Conference. While the mid-term elections were fresh in everyone’s minds, the most-discussed topics of the day had more to do with overbuilding and labor shortages than politics.