CRE Midwest

The Brokerage Business Model is Changing

Whether our clients know it or not, they need a different approach to problem solving. That’s why the brokerage industry is changing its business model. We have to be stronger, smarter and better aligned with our clients to have any chance of converting the limited number of opportunities out there.

CRE Midwest

Four Chicago buildings earn regional TOBY Awards

The Building Owners and Managers Association of Chicago (BOMA/Chicago) has announced that four of its building members have been honored as regional “The Outstanding Building of the Year” (TOBY) Award winners by the North Central Region of the Building Owners and Managers Association.

CRE N Illinois

David Petersen: Gaining the clients' trust

Property management has become an important profit generator for real estate brokerages in today’s troubled economy. Midwest Real Estate News recently spoke to David Petersen, chief executive officer of the asset management group at Chicago’s NAI Hiffman, about the importance of this business.

CRE Midwest
Rate of Bank Failures Slows Sharply

Rate of Bank Failures Slows Sharply

Only 3 banks failed in March 2011, making for the slowest monthly pace since December 2008, when three banks also failed, according to the Trepp U.S. Bank Failure Report. While the reasons for failure were varied, CRE loans represented the largest source of nonperforming loans.

CRE Midwest

A Tale of Two Recoveries

Expectations for a modest recovery in the Capital Markets in 2011 have been “spot on” as the activity of the second half of 2010 was pivotal and has continued led into the first quarter of 2011. A continuation of the “cleansing” of distress assets has resulted in greater velocity in the debt markets, albeit still rather slow and steady compared to the past.

CRE X Missouri

Meeting the high-tech challenge of expanding, creating data centers

The idea of creating a new data center or expanding an existing one brings to mind futuristic images of computer experts working with dazzling high-tech equipment to feed their ever-increasing need for data-processing capabilities. While the end result for many organizations is a sleek new facility humming with machines and activity, none of it would be possible without an extraordinary level of upfront planning and teamwork.