Chicago

Luxury and Affordable Home Markets Diverge

Brian J. Rogal | September 21, 2018

The sale of affordable homes can be a scramble, but luxury homes are sitting on the market for months.

Attention to Detail Can Uncover Good Retail Deals

Brian J. Rogal | September 21, 2018

Select Strategies Realty used its granular knowleges of St. Louis to secure a valuable portfolio.

Chicago Region Now Has Two Housing Markets

Brian J. Rogal | September 20, 2018

Affordable homes are selling faster than ever, but luxury homes go unsold for months.

Developers Bridge the Gap Between Town and University

Brian J. Rogal | September 20, 2018

Recruiting talent is now a top concern of many companies, and SIUE wants to bring them onto its campus.

News

Gilbane Development to Begin $400M in New Student Housing Projects

John Jordan | September 19, 2018

All of the student housing buildings are expected to begin operations by the fall of 2020, with the exception of the Octave at the University of Illinois Urbana-Champaign project, which is scheduled for a fall 2019 occupancy.

Rising Travel Predictions Favor Hotel Sector

Brian J. Rogal | September 19, 2018

The industry is already experiencing its longest boom, and tourism will extend it.

US Multifamily Demand May Expand Even More

Brian J. Rogal | September 18, 2018

Absorption has matched supply for years, and 2018’s second quarter national vacancy rate of 4.6% almost equals 2015’s second quarter low of 4.5%.

News

Spec Developers Forging Ahead In Kansas City

Brian J. Rogal | September 18, 2018

Spec buildings are bringing in tenants as fast as developers can finish them.

Suburban Submarkets Have Renewed Energy

Brian J. Rogal | September 17, 2018

Class A buildings have the amenities needed to compete, and can offer space at a cheaper price.

Wood-Based Office Towers Growing Popular

Brian J. Rogal | September 17, 2018

The need for energy efficiency and sustainability has also brought the idea of wood buildings back.

Suburban Office Market Getting An Upgrade

Brian J. Rogal | September 14, 2018

Properties are adopting the strategies of class A buildings in Downtown Chicago.

News

Willis Tower Unveils Latest Changes

Brian J. Rogal | September 14, 2018

A new five-story retail and entertainment space is just the latest addition that is part of a $500 million makeover.

Southeast WI Market Comes of Age

Brian J. Rogal | September 13, 2018

Developers here have been quite active for years, but the coming of Foxconn has sparked a new speculative boom.

National Distributors Focused on Kansas City

Brian J. Rogal | September 13, 2018

Class B facilities are also getting absorbed, alongside a spec construction boom.

News

Condo Deconversion Trend Still Going Strong

Brian J. Rogal | September 12, 2018

Over the past 24 months, ending July 15, there have been more than 20 so-called “deconversions” announced in Chicago.

News

North Minneapolis Starting to Accelerate

Brian J. Rogal | September 12, 2018

THOR, a local firm, has just completed a sparkling new HQ, which will also function as a community resource for the once-neglected neighborhood.

Condo Revival May Soon Hit the Suburbs

Brian J. Rogal | September 11, 2018

Many developers focus on condo deconversions, but others feel the time is right to launch new projects.

News

Downtown Indy Looking Good to Buyers

Brian J. Rogal | September 11, 2018

  INDIANAPOLIS—This city's suburban region has long over-shadowed the downtown office market. But the desire among an increasing number of…

News

Inland Real Estate Acquires Tampa Multifamily

John Jordan | September 11, 2018

The multi-family property consists of 24 two-story buildings with 20 one-bedroom, 152 two-bedroom and 20 three-bedroom units.

Multifamily Still Tops With US Investors

Brian J. Rogal | September 10, 2018

Many worry about interest rate increases, but vacancy is still low and absorption healthy.

News

Brisk Summer for O'Hare Industrial Market

Brian J. Rogal | September 10, 2018

In just the last two months there were 11 industrial investment sales in the O’Hare market totaling 909,195 square feet, with a transaction volume of $57 million.

News

Out-of-State Buyers Want Chicago's Class A Retail

Brian J. Rogal | September 07, 2018

Worries about big-box vacancy has focused buyers' attention.

News

New Student Housing Coming to Cleveland

Brian J. Rogal | September 07, 2018

The new project is just the latest for KeyBanc, which also helped finance Playhouse Square.

Research

Atlanta Named Nation’s Third Greenest City in CBRE Study

Steve Lubetkin | September 07, 2018

“Green building certifications have become an important proxy for sustainable practices, recognized by all stakeholders,” says David Pogue, CBRE’s senior vice president, global client care.

News

Center Rock Capital Closes Inaugural Fund Above Target

John Jordan | September 06, 2018

The private equity firm, which also has offices in Bloomfield, MI, began marketing the fund in late 2017 with an initial target of $450 million. Center Rock Capital reports today the fund has closed with limited partner capital commitments totaling $580 million.

Q&A

Creativity Required to Fit In New Retail Concepts

Brian J. Rogal | September 06, 2018

The bottom line is that the best deal on paper may not actually be the best decision for the long-term success of the project, says Richard Broder.

News

EQR’s Neithercut to Retire at Year’s End

John Jordan | September 05, 2018

Mark J. Parrell has been appointed president effective immediately and will take over as CEO upon Neithercut’s retirement.

Retail Landlords Creating Community Spaces for Power Centers

Brian J. Rogal | September 05, 2018

Free meeting spaces encourage tenants, shoppers and neighbors to see the local shopping center as part of the neighborhood.

QSR Sector Now "Sweet Spot" for Private Investors

Brian J. Rogal | September 05, 2018

"While e-commerce is rapidly changing our world, no one has perfected how to get a freshly made donut, taco or burger and fries through the internet,” says Boulder's Randy Blankstein.

News

Mid-Sized Buildings Favored by Ind. Developers

Brian J. Rogal | September 04, 2018

In the second quarter, for example, the average industrial deal size was 32,970 square feet, up from 23,435 square feet in the first.

News

Radio Towers to Make Way for New Industrial Bldgs.

Brian J. Rogal | September 04, 2018

The three distribution/logistics centers will measure 248,625 square feet, 247,380 square feet, and 245,616 square feet.

Thought Leadership

CRE’s Problem: Aging Players; Solution: Diversity

John Salustri | August 31, 2018

The need for leadership development has never been more prevalent than it is today, and companies need to embrace diversity as a business imperative. That’s the message of one timely session at IREM’s upcoming Global Summit.

Research

Worldwide Appetite for Data Centers Keeps Growing

Brian J. Rogal | August 31, 2018

Demand for cloud services, social media and other needs has sparked a building boom

Robust Industrial Demand Exists Throughout Chicago Market

Brian J. Rogal | August 31, 2018

The biggest constraint toward moving forward on new projects is land availability.

US Medical Office Market Not Softening

Brian J. Rogal | August 30, 2018

A slight uptick in the national vacancy rate will not give investors much pause.

News

Hilco Real Estate Acquires CenterPoint Office Complex for $86M

John Jordan | August 29, 2018

The property formerly served as an R&D and manufacturing hub for Raytheon, but has been transformed into a modern multi-tenant campus via substantial capital investment throughout the past 10 years.

Helping Investors Find Needles in Haystacks

Brian J. Rogal | August 29, 2018

Locating underpriced workforce housing can be difficult, but once found, rents can be raised by as much as 20% without losing occupancy.

News

Tourist Hotels Attract New Investors

Brian J. Rogal | August 29, 2018

The hotel sector is now in the midst of its longest period of growth ever recorded, and that also means its awash in capital.

Net Absorption Picks Up in Urban Chicago

Brian J. Rogal | August 28, 2018

The downtown is still healthy, but may have reached a plateau while neighborhood development near train lines is taking off.

News

South Loop Apartment Tower Sells

Brian J. Rogal | August 27, 2018

River North has dominated the downtown market, but in the next 18 months attention will shift south.

News

Inland Sells Last Mariano’s Fresh Market Holding for Nearly $26M

John Jordan | August 27, 2018

The transaction through an IPC subsidiary on behalf of its 1031 investment programs, marked the final disposition across three separate 1031 investment programs that consisted of four Mariano’s Fresh Market locations in the Chicago area—Palatine, Vernon Hills, Elmhurst and Arlington Heights.

News

Brennan-Arch Street Net Lease JV Buys Industrial Portfolio PA, WI

John Jordan | August 27, 2018

The three-building industrial portfolio totaling 500,081 square feet is located in the Green Bay, WI and Northeastern Pennsylvania MSAs and are all 100% leased to Progressive Converting, Inc.

Grocery Stores Remain a Hot Commodity

Brian J. Rogal | August 27, 2018

Seen as recession-proof and e-commerce resistant, the sector is a target for a wide variety of buyers.

Research

Chicago Named Nation's Greenest City

Brian J. Rogal | August 24, 2018

In an annual survey, it streched out its lead over second-place San Francisco.

Labor Shortages Not Slowing Down Activity Yet

Brian J. Rogal | August 24, 2018

The Indianapolis region now has an unemployment rate of just 3.2%, and many other metros are just as tight.

Investors More Active Than Expected in 2018

Brian J. Rogal | August 23, 2018

Strong fundamentals played a role, but lenders have also eased the way for many deals.

News

Prologis Lands 234K in Industrial Deals at O’Hare Market Properties

John Jordan | August 23, 2018

CBRE reports that the O’Hare industrial market remains one of the region’s tightest sectors, with a very low vacancy of 2.1%, well below the market average of 3.6%.

News

Lendlease, Australian Fund Form $2B Initiative For US Multifamily

Erika Morphy | August 23, 2018

The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.

Thought Leadership

For IREM, Connections Beget Growth

John Salustri | August 23, 2018

It’s been a year of expansion for the Institute of Real Estate Management, and Don Wilkerson has the evidence to prove it.

News

Developers Seeking Infill Value-Add Projects

Brian J. Rogal | August 23, 2018

Currently vacant warehouses can provide attractive, large blocks of space at a discount to new construction.