Marcus & Millichap’s sunny forecast: Office vacancies plummeting, rents soaring in Midwest cities
Expect office vacancy rates to head down across the Midwest this year as companies continue to make the move to urban centers.
Midwest
HFF announces $159M recapitalization of multi-state industrial portfolio
Holliday Fenoglio Fowler, L.P. (HFF) announced the $159.2 million recapitalization of a fully leased, 11-property industrial portfolio totaling 2.77 million square feet in Illinois, Michigan,…
Multifamily financing requests slowing? Not this year
The multifamily market across the Midwest is still soaring. Last year, developers added more apartment units to Midwest markets than ever.
Making it in retail today? Brands are partnering with the Amazons and Wal-Marts of the world
When Toys R Us announced earlier this month that it was closing or selling off its more than 800 stores in the United States, the…
Midwest Commercial Real Estate Hall of Fame profile: Associated Bank’s Patrick Ahern
Each year, Midwest Real Estate News inducts new members into its Midwest Commercial Real Estate Hall of Fame. This year, we are running profiles of…
CBRE: Detroit, Minneapolis boast lowest multifamily vacancy rates in the Midwest
Apartment vacancy rates are falling throughout the Midwest, with rates especially low in Detroit and Minneapolis, according to the latest research from CBRE. And overall,…
Marcus & Millichap’s Richard Matricaria: Being a concierge service for his associates
What makes for a successful CRE career? Closing plenty of sales, of course. But what about making a difference in your industry? Richard Matricaria is…
Construction employment and wages are both rising
According to an analysis of new government data by the Associated General Contractors of America, rising pay rates enabled the construction industry to attract more…
The big attraction for companies, residents? Midwest downtowns
The big draw for a growing number of companies and residents? Busy, urban downtowns. And this trend is showing no signs of slowing in the…