MINNEAPOLIS—The area has one of the healthiest economies in the nation, and developers have about 4 million-square-feet of industrial product under construction, the majority of it spec.

CHICAGO—In this <B>UPDATE</B>, Robert Sevim of Savills Studley says the accelerating office market, and the addition of several new office towers in 2017, has many users thinking long-term about expansion, and moving into new submarkets.

CHICAGO—Joe Magliochetti has started his own real estate services firm, completed more than $500 million in transactions and will now lead the firm's healthcare acquisitions.

MINNEAPOLIS—The completion of Target Field, the on-going expansion of mass transportation options and the huge increase in the number of downtown residents has made the downtown far more attractive for office users.

CHICAGO—Companies have continued to migrate from the suburbs into the CBD and many of them have started to rent out space in class B and C properties, Savills Studley found.

DETROIT—For several years, a host of companies have moved from the suburbs into the downtown, leaving behind many empty office parks, but this year, that movement has flatlined and suburban vacancy rates have fallen.

CHICAGO—The national food packager needed to expand fast, and has taken 100% of a previously vacant building.

CHICAGO—The new firm is a branch of Magellan Development Group, which built the 28-acre Lakeshore East project in Chicago, and will buy multifamily communities across the US.