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Midwest Real Estate News
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VTS report: As pandemic drags on, time is not on the side of office leasing
The COVID-19 pandemic has thrown the U.S. office market into disarray. This isn't surprising considering the uncertainty still surrounding this commercial sector. After all, many companies still don't know when they'll bring more of their workers back to the office. And when companies do make this move, it's uncertain how many will require their employees to work full time in the office and how many will instead opt for a hybrid approach, allowing their workers to complete their work both from home and in the office.

Total Chicago big box industrial inventory passes 300 million square feet threshold

Let's take one more look at the bigger picture for Chicago industrial before we officially enter 2022. We've recently taken a look at the biggest industrial deals and the largest construction completions of 2021, as well as the biggest deals during Q2. But we now have even more data to pour over and analyze for the last quarter, which not only highlights the biggest leases and construction projects in recent months, but offers some other valuable information about the Chicago-area industrial market.

Who are the Best of the Best in the Midwest’s commercial real estate industry?
Midwest Real Estate News recently released its 2021 Best of the Best issue, highlighting the top commercial real estate professionals throughout the Midwest. This special issue lists the top-ranked brokers, construction companies, developers, direct lenders and owners. The issue also features the best property management firms, real estate law firms and financial intermediaries in the business.

Kadean Construction adds VP in Kansas City office
Jon Runyan has joined Kadean Construction as vice president in the design-build contractor’s Kansas City, Missouri, office. He will lead the Kansas City office as it continues to grow and expand while also providing company-wide leadership support as a member of Kadean’s executive team. \

Ryan Companies names VP of food and beverage
Ryan Companies US, Inc. – a national developer, designer, builder, capital markets partner and real estate manager offering full-service commercial real estate solutions based in Minneapolis –  has promoted Bob West to vice president of food and beverage. In his role, West will grow the food and beverage sub-sector of industrial at Ryan.

Henderson Engineers adding cutting-edge technology to Kansas City airport terminal project
Henderson Engineers, a national building systems design firm, is leading the charge on cementing the new single-terminal Kansas City International Airport (MCI) as a world-class facility. As the lead engineer on the $1.5 billion project, the firm is working closely with project partner Siemens to equip MCI with innovative technology for a cutting-edge experience for both travelers and the facility’s operations team.

NorthMarq negotiates largest single-property multifamily sale in Nebraska history
Northmarq’s St. Louis investment sales team of Parker Stewart and Dominic Martinez collaborated to arrange the sale of Fairways at Lincoln. The 613-unit resort-style multifamily property, built in 2007, is located at 375 Fletcher Ave. in Lincoln, Nebraska.

Champion Real Estate Company acquires six student housing communities near Michigan State University
Champion Real Estate Company has acquired a portfolio of six student housing communities encompassing 292 units and 524 beds near Michigan State University in East Lansing, Michigan, for $42.26 million. 

Marcus & Millichap closes sale of 12,926-square-foot medical office building in Indiana
Marcus & Millichap closed the sale of Pankratz Eye Institute, a 12,926-square foot medical office property in Columbus, Indiana. The asset sold for $5.3 million or $410.03 a square foot.

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