Midwest

National |

Report: Amazon Vying For Landmark Theaters

Erika Morphy | August 16, 2018

This would be a significant step for the company, akin to its entry into the grocery space with its purchase of Whole Foods last year.

National |

Medical Office Looks Good for Buyers and Sellers

Brian J. Rogal | August 16, 2018

Public REITs have, temporarily at least, pulled back from the medical office sector, but sellers have not suffered.

Chicago |

Big Box Developers Having a Great Year

Brian J. Rogal | August 16, 2018

Activity has been healthy across the board, with the exception of the I-80 submarket.

Chicago | News

Industrious Doubles Presence in Chicago with Assemble Deal

John Jordan | August 15, 2018

Industrious currently operates three offices in Chicago in Evanston, Fulton Market and River North.

Boston | News

Inland Private Capital Sells Medical Office Buildings in Illinois, Massachusetts

John Jordan | August 15, 2018

The company states the sale resulted in a total return to the investors of 142.10% (calculated based on the aggregate amount of original capital invested in the property).

National |

Industrial Drives PGIM Real Estate Finance Lending

Erika Morphy | August 15, 2018

Core-plus financing and multifamily lending will also be areas of focus for the division.

Los Angeles |

Cannabis REIT Launches With Eye On Capital Markets

Erika Morphy | August 15, 2018

Inception REIT will provide real estate debt and equity to medicinal and adult-use cannabis businesses.

Chicago | News

First Industrial Realty Begins First Park 121 Project in Northwest Dallas

John Jordan | August 15, 2018

First Industrial will break ground this month on phase one of the park involving two rear-load facilities of 219,808 and 125,267 square feet, respectively.

National | Research

Medical Office Bringing In New Kinds of Investors

Brian J. Rogal | August 15, 2018

Major REITs recently slowed down their acquisitions in the sector, largely due to concerns about interest rates.

Chicago |

E-Commerce Companies Headed to Mid-America

Brian J. Rogal | August 15, 2018

Kansas City has become one of the go-to places for e-commerce retailers, and companies are filling up new spec developments almost as fast as builders can put up walls.

Columbus | News

Global Net Lease Spends $75M for Properties in Texas, Ohio

John Jordan | August 14, 2018

The latest purchase deals bring the REIT’s acquisitions so far this year to $236.4 million.

Cincinnati | News

Design Within Reach Signs 618,000 SF Industrial Build-to-Suit Deal

John Jordan | August 14, 2018

The facility, being built on a 46-acre site, will replace two existing warehouses in Hebron, KY, which DWR has outgrown.

Minneapolis | News

Public Storage Expands Presence in Minneapolis Region

John Jordan | August 14, 2018

The new Minneapolis-area Public Storage locations are located across the Twin Cities’ metro area, from Downtown Minneapolis to the nearby suburbs of Lakeville, Edina, New Hope, Bloomington, and to the City of Hutchinson.

Indianapolis | News

360 Market Square Ownership Secures $104M in Financing

John Jordan | August 14, 2018

360 Market Square, built on the former Market Square Arena site, consists of 292 apartment units and approximately 42,000 square feet of ground-floor retail anchored by Whole Foods Market.

International |

Another Sign of Diminishing Fund Appetite

Erika Morphy | August 14, 2018

Preqin reported that 47 funds raised a combined $22 billion, the lowest quarterly total since 2013.

National | Analysis

Downtown Vacancy Moves Up In 2Q

Brian J. Rogal | August 14, 2018

Three trends are driving the Chicago office market: continued relocations to the CBD from the suburbs, the rapid growth of co-working and the emergence of former fringe locations.

Chicago |

Indy Industrial an Unstoppable Engine

Brian J. Rogal | August 14, 2018

National distributors look upon the region as an indispensable link in their supply chains.

National |

Chicago's Class B Industrials Get National Attention

Brian J. Rogal | August 13, 2018

Many investors work extra hard to find properties that provide higher yields, and Chicago-area properties tend to land at the top of their wish lists.

National |

As Triple Net Deals Get Harder, Lenders Make Them Work Anyway

David Wilkening | August 13, 2018

Rising interest rates, increasing land costs and higher construction costs are having an impact but lenders like Joe Taggart and Vince Chillura are still pushing them across the finish line.

National |

Co-Working Heads To The Local Mall

Erika Morphy | August 13, 2018

Co-working space in retail properties will grow at a rate of 25% annually through 2023 reaching approximately 3.4 million square feet.

National |

Duration Counts When Bidding For Single Family Rental Deals

Erika Morphy | August 13, 2018

Freddie Mac is very competitive with its ten-year offering in the affordable single-family rental home space.

National |

All of the Easy Industrial Sites Are Gone

Kelsi Maree Borland | August 13, 2018

With limited developable land and a critical need for more industrial space, industrial developers are getting used to building on difficult sites.

Chicago |

Chicago-Area Buyers Rewarded With Higher Yields

Brian J. Rogal | August 13, 2018

Especially valuable are buildings near dense populations, diverse labor pools and major thoroughfares.

National |

Land & Buildings Wants Brookdale To Monetize $8B in Real Estate

Erika Morphy | August 10, 2018

It also would like the company to pursue REIT status.

National |

Investors Targeting New Asset Class

Brian J. Rogal | August 10, 2018

The barriers to entry for industrial service facilities are quite high, and the vacancy rate in major markets is less than 3.0%

National |

Gramercy Property Shareholders Approve $7.6B Blackstone Deal

Erika Morphy | August 09, 2018

NEW YORK CITY--Gramercy Property Trust shareholders have approved its $7.6 billion acquisition by Blackstone Real Estate Partners VIII at its special meeting of shareholders held earlier today.

National |

Affordable Rental Home Portfolio Trades For $485M

Erika Morphy | August 09, 2018

Freddie Mac financed the deal with a $508.7 million loan under its affordable SFR pilot program.

National |

Deutsche Finance Arrives In US With Yearly $100M To Invest

Erika Morphy | August 09, 2018

For its first deal in the US, the company partnered with other equity providers to buy 100,000 square feet of office space in Manhattan’s Gucci building.

National |

Open Spaces Need to Focus on Employees—Not Just Densification

Betsy Kim | August 09, 2018

With employee satisfaction hovering at zero to 35%, architect and design firm Vocon says offices need to be designed around employees.

Chicago |

REITs Gearing Up for Self-Storage Acquisitions

Brian J. Rogal | August 09, 2018

Private equity has gotten quite active, but REITs like Public Storage have started third-party management businesses that will give them the inside tracks.

Chicago |

Midwest Downtowns Attracting Suburban Firms

Brian J. Rogal | August 09, 2018

The CBDs are now seen as great places to both work and live.

National |

Macerich Adds Flexible Workplace To Malls

Erika Morphy | August 08, 2018

The REIT is partnering with Industrious in a multi-property rollout.

National |

Starwood Property Moves Into Energy Finance With $2.6B Debt Deal

Erika Morphy | August 08, 2018

Its acquisition of GE Capital's Energy Financial Services' Project Finance Debt Business is part of the REIT’s push to be a “multi-cylinder finance company.”

Los Angeles |

Increase Your Multifamily Allocations Now

Kelsi Maree Borland | August 08, 2018

As we move later in the cycle, American Realty Advisors recommends that investors increase allocations in core multifamily housing.

National |

Why Workplace Wellness Is Sweeping the Office Market

Kelsi Maree Borland | August 08, 2018

Workplace wellness is becoming a top consideration for office users, and lack of attention to the trend could impact leasing activity.

Chicago | Thought Leadership

Demand for Co-Working Still Insatiable

Brian J. Rogal | August 08, 2018

The amount of space dedicated to co-working in the Chicago market has more than tripled since 2014.

Chicago | Thought Leadership

Renovated Suburban Properties Filling Up

Brian J. Rogal | August 08, 2018

Spending several million dollars on renovations can attract enough tenants to fill up properties once plagued by vacancies.

National |

Freddie Mac Offers Cheap Mezz Loan In Exchange For Rent Caps

Erika Morphy | August 08, 2018

“This program allows the property owner to achieve the same returns via the workforce housing mezz loan as they would through a standard rent increase.”

Chicago |

Out-of-State Investors Expanding Suburban Footprints

Brian J. Rogal | August 07, 2018

Leasing activity in the metro area outpaces delivery, making it a good time to invest in many of the region’s submarkets.

National |

What It Really Means When The Fed Says CRE Lending Standards Haven’t Changed

Erika Morphy | August 07, 2018

Since 2012, banks’ commercial and mortgage holdings have grown by 37.3% to $1.8 trillion, according to Yardi Matrix.

Chicago |

Industrial a Top Choice for Foreign Buyers

Brian J. Rogal | August 06, 2018

Years of investment activity means that available supply is low, and cities like Columbus and Memphis are seeing benefits.

Chicago | Thought Leadership

Office Vacancy Plummets in Downtown Chicago

Brian J. Rogal | August 06, 2018

Tech firms should play a key role in sustaining a healthy level of downtown activity.

National |

Albertsons, Greycroft Launch Grocery Store Innovation Fund

Erika Morphy | August 06, 2018

The fund will invest $50 million in emerging companies and technologies in the grocery sector.

National |

Where The Liquidity Is Coming From

Erika Morphy | August 06, 2018

Mortgage REITs are originating more loans this year while banks have stepped up their pace considerably.

National | News

Cushman & Wakefield Raises $765M in IPO

Betsy Kim | August 05, 2018

The offering listed 45 million of its ordinary shares at $17 per share.

Dallas/Fort Worth |

RealPage To Acquire LeaseLabs For $103M

Erika Morphy | August 03, 2018

The acquisition will add new features to RealPage’s marketing platform including analytics and geo-targeting.

Chicago | Research

Institutional Buyers Hit Pause on Dollar Stores

Brian J. Rogal | August 03, 2018

Dollar stores proliferated across the US as the economy sank into a recession, but instead of tapering off, demand for the sector’s cheap goods increased after a recovery took hold.

Chicago |

Investors Clamour for Grocery-Anchored Retail

Brian J. Rogal | August 03, 2018

Grocery-anchored centers are especially appealing if it has a hot retailer like Fresh Thyme.

Greystone Provides $77M Refi For Indiana MF

Adele Carter | August 02, 2018

“The fact that Nick and Robert were able to turn around the property so drastically in such a short hold period demonstrates their commitment to value for their investors, the Park West residents, and the city of Griffith.”

National |

Inside Brookfield’s Billion-Dollar Capital Recycling Play

Erika Morphy | August 02, 2018

The company has sold a 28% stake in its Manhattan office and multifamily portfolio and entered into a contract to sell 112 self storage assets for more than $1.3 billion.