Midwest
Twin Cities’ Tight Quarters
Rent growth exceeded the national average over the last year, due to steady employment gains, an increasing population and limited housing supply, as apartment completions slowed in 2016.
What Makes a Financing Firm Competitive?
MidCap Financial Co-Founder Kevin McMeen discusses what to expect for CRE lending in 2017, and how his firm has succeeded in growing its presence in the market despite launching during the Great Recession.
Ryan Cos. Appoints Casey Hankinson as SVP
The company has promoted Casey Hankinson as senior vice president after he has served as vice president for the past six years. So far, he completed more than three million square feet of built-to-suit projects.
Hilco Real Estate to Market Bank-Owned Portfolio
The asking price for the 10 assets is approximately $8.9 million. Seven properties are located throughout the Chicagoland area, while the remaining three are in Northwest Indiana.
Regency Centers Plugs Plans for Chicago Project
The 270,000-square-foot development will be located in Vernon Hills, 30 miles outside of Downtown. The company has already commenced construction and expects to open in late 2018.
How Green Space is Transforming the Cityscape
As the world’s population continues to migrate to urban settings, city planners are investing in new ways to incorporate green space into these densely populated markets. Columbus Downtown Development Corp. President & CEO Guy Worley discusses the benefits of urban green space.
Cleveland-Area Massive Project Lands $49M in Financing
Preston Hollow Capital completed financing of Pinecrest, a $240 million development currently underway in Cleveland’s suburb Orange Village. Developer Fairmount Properties plans to complete the project by mid-2018.
Parkwood Buys Stake in Private Equity Firm
The firm bought 10 percent of global private equity firm The Riverside Co. The investment will be used exclusively to grow existing initiatives.
Ohio State University Announces $1B Energy Management Project
The 50-year contract was awarded to ENGIE North America and Axium Infrastructure and will include the construction of a new energy advancement and innovation center to improve the university’s energy efficiency by 25 percent within ten years.
PFF Scores New Cincinnati HQ
Cris Collinsworth’s sports statistic monitoring service will move into a 6,000-square-foot space owned by Stuffed Realty LLC. CBRE worked on behalf of PFF for this leasing.