RE Journals – The Midwest’s leading source for commercial real estate news
The latest headlines from
Midwest Real Estate News
—— * THE LEAD ——
The 11 biggest Dallas-area industrial developments currently under construction

Industrial real estate in the Dallas-Fort Worth Metroplex is having a very good year. In fact, it's safe to go as far as saying that industrial real estate throughout the region has been having a great decade. After posting Q3 results, the area has witnessed 44 consecutive quarters, or eleven straight years, of net positive industrial absorption.

Facing the challenges: The need for affordable housing and the future of office space
Most cities across the country are still dealing with the impact of the COVID-19 pandemic. And this impact is most felt in the office market, where no one yet knows when or how companies will bring workers back to the office.

Chicago law firm office leasing remains one bright spot in downtown pandemic woes

These last two years have undoubtedly been tough for commercial real estate investors and professionals whose business focuses primarily on office space. The ongoing pandemic has not only added more time to the clock and delayed countless businesses’ plans to return to the office, but it’s also changed the perspective of many employees and job seekers who now see a work-from-home or hybrid model as a necessity going forward. 

Construction starts on affordable housing for veterans and people with disabilities in Lansing, Illinois
Skender, along with its joint-venture partner Ashlaur Construction, recently broke ground on Torrence Place, a three-story, mixed-use affordable housing and health clinic project for affordable housing developer Full Circle Communities at 2320 Thornton-Lansing Road in Lansing. The wood-framed building will have 48 affordable, accessible units for veterans and people with disabilities, as well as a 3,000-square-foot health clinic on the ground floor operated by Christian Community Health Center. 

Interra Realty brokers $5.2 Million sale of mixed-use building in Southport Corridor
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it negotiated the $5.2 million sale of 3546 N. Southport Ave., a mixed-use property with 21 apartments and two commercial spaces in the Southport Corridor of Chicago’s Lakeview neighborhood. The price per unit was $226,000.

St. Louis’ Castle Contracting earns construction tech award
Castle Contracting, LLC in St. Louis has earned a Gold award in the 2021 Constructech Vision Awards, an annual program honoring construction companies for their innovative use of technology.

CRER brokers $2.8 million sale of redevelopable site in Roscoe Village
Sean Mason of CRER represented the buyer, Mavrek Development, in the purchase of 3817-19 N. Ashland Ave, Chicago, IL 60613, which closed for $2,800,000. The former Zia’s Lago Vista restaurant site will be redeveloped by Mavrek into a 48-unit luxury apartment building. The project will feature studios, one- and two-bedroom units and will include amenity space that will grant tenants access to Peloton bikes, co-working space and outdoor grilling areas.

Colliers closes 75,751-square-foot industrial lease in Michigan
Colliers recently negotiated the lease of 75,751 square feet of industrial manufacturing space on 20 acres at 39635 S. I-94 Service Drive in Belleville, Michigan.

Berkadia sells 301-unit multifamily property in Minnesota
Berkadia Institutional Solutions closed the sale of The Quinn at Plymouth, a 301-unit garden-style multifamily property in Plymouth, Minnesota.

—— * EVENTS ——
facebook twitter Linkedin