June 28, 2017

Berkadia secures $70M loan for luxury apartment building

Berkadia arranged $70.2 million in construction and permanent financing for the multifamily residential portion of the Wheeling Town Center, a mixed-use development in Wheeling. Paul Matusiak of Berkadia arranged the loan which closed on June 6. Berkadia secured the financing on behalf of the borrower, Illinois-based WTC Residential Development LLC. The first mortgage is both…
June 18, 2017

Amazon acquires Whole Foods Market for $13.7B

Amazon will acquire Whole Foods Market for $13.7 billion during a period where grocery stores are changing rapidly, according to a statement from Amazon on Friday. Whole Foods Market will continue to operate stores under the same brand and John Mackey will remain as CEO of Whole Foods and the headquarters for the company will stay in…
June 14, 2017

Smart mall owners? They rely on technology to make their centers strong

When analysts list the reasons why shopping malls are struggling, they inevitably point to technology. This makes sense: Tech and online shopping have certainly reshaped the shopping habits of the U.S. consumer. For many, the rise of ecommerce has made the sprawling indoor shopping mall a relic. But Brian Zrimsek, chief product officer of Solon,…
June 9, 2017

Jerry Goldner joins Coldwell Banker Commercial

Jerry Goldner has joined Coldwell Banker Commercial NRT as senior investment advisor, according a company announcement. Goldner has 37 years of real estate experience with sales in excess of $260 million. The vast majority of properties sold have been off-market confidential opportunities. He will be concentrating on mid-sized and institutional quality properties locally, nationally and…
June 5, 2017

To survive as a brick-and-mortar retailer today? Value pricing and experiences are key

If a bankruptcy judge agrees, Payless Shoes will close 800 stores across the United States this year. Michael Korrs, a maker of luxury handbags, will close more than 100 stores. Children’s clothing store Gymboree looks poised to file for bankruptcy protection soon. So far, 2017 has been a bad year for brick-and-mortar retailers. Don’t expect…
May 31, 2017

JLL adds new leader for higher education sector

Ron Gregory was appointed to be the facilities management executive, according to an announcement from JLL on Wednesday. Gregory will lead JLL’s Integrated Facilities Management business for the higher education sector across the US. He will be based in the Chicago office and comes to JLL with more than 38 years of experience in facility…
May 27, 2017

Skender Construction hires new marketing VP

Todd Andrlik joined Skender Construction as vice president of marketing, the company announced Wednesday. He has nearly 20 years of construction and professional services marketing experience. He has a background in strategic planning, content marketing, digital marketing, branding and managing high-performing teams. Prior to Skender, Andrlik was vice president of marketing and public relations at…