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Doing business in the new normal: CRE pros adjusting to life during COVID-19
As governors across the country continue to issue shelter-in-place orders, the commercial real estate industry is shifting to work-from-home mode. Brokers and developers are setting up home offices, answering their kids' math problems and taking phone calls in spare bedrooms and back porches. How are CRE pros handling this shift? The ones we spoke with?
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Dougherty closes $6.5 million refinance loan for apartment property in Minnesota
Dougherty Mortgage recently closed a $6.5 million Fannie Mae loan for the refinancing of Long Lake Villas, a 59-unit multifamily affordable housing property in Stillwater, Minnesota. The property now consists of 59 units, located throughout seven two-story townhome buildings and three single-story townhome buildings for a total of 10 buildings. The 12-year term, 30-year amortization
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Milwaukee’s CG Schmidt names new project manager
Construction-management firm CG Schmidt, with offices in Milwaukee and Madison, Wisconsin, has promoted Crystal Marmolejo to project manager. In her new role, Marmolejo will assist the project executive in analyzing plans, specifications, proposals and other documentation to prepare time, cost and labor estimates for projects and services. Marmolejo will also help in cost control, expediting,
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Lee & Associates of Illinois brokers three leases in Lombard building
TurboTenant, Inc., a property management software solutions company, has created a curated list of resources and tips to help landlords navigate the COVID-19 pandemic. The guide offers advice on items such as how landlords can go through every step of the rental process virtually and online, communicating with tenants during the crisis and marketing a
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V3 adds senior project manager in Cincinnati office
Aaron Geckle has joined V3 Companies’ newly opened Cincinnati, Ohio, office as senior project manager in its Natural Resources Practice Area. Geckle has more than 22 years of experience including impact assessments, feasibility analysis and environmental permitting. He specializes in transmission and distribution site and route selection, the Ohio Power Siting Board process, land use
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RJW Logistics Group opens Romeoville warehouse
RJW Logistics Group, Inc., a provider of retail logistics for consumer-packaged goods (CPG) companies, has unveiled a 545,000-square-foot warehouse in Romeoville, Illinois. The facility, RJW’s sixth in the Chicagoland area, will service 50-75 retail consolidation customers. This expansion will provide services such as LTL consolidation, asset-based transportation, warehousing and comprehensive logistics. The property will be
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Kraus-Anderson building $28 million addition to Minnesota elementary school
The Rochester office of Kraus-Anderson has started construction on a $28 million addition to Pipestone Elementary School for Pipestone Area Schools. The new school will be located at 1401 7th St. SW in Pipestone, Minnesota. Designed by ISG Architects, the two-story, 85,940-square-foot elementary school project also will feature interior renovations at the middle school and
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