November 16, 2017
CBRE sells 83-room hotel in Cedar Rapids

CBRE sells 83-room hotel in Cedar Rapids

CBRE Hotels recently arranged the sale of the 83-room Holiday Inn Express South located at Interstate-380 at 33rd Avenue in Cedar Rapids, Iowa. CBRE Hotels’ Nate Sahn, senior vice president, and Douglas Johnson, first vice president, represented the owner, Amana-Nordstrom, Inc. in the sale. The buyer is Sioux Falls, SD-based Bird Dog Equity Partners. The…
November 12, 2017
Urban Land Institute 2018 Forecast recap: Assumptions can be more dangerous than the unknown

Urban Land Institute 2018 Forecast recap: Assumptions can be more dangerous than the unknown

The commercial real estate market has been cruising at a high altitude, and everyone on board is wondering when, and how, the plane will land, said Andy Warren, director of real estate research at PwC. Warren took to the stage to examine the national and Chicago market at Urban Land Institute’s 2018 Forecast event at…
November 7, 2017
Large retail center sold in Peoria, seller represented by HFF

Large retail center sold in Peoria, seller represented by HFF

The Shoppes at Grand Prairie in Peoria, Illinois was recently purchased by Singerman Real Estate, LLC from Miller Capital Advisory, Inc., according to a statement from HFF, which represented the seller. The HFF team marketed the 468,127-square-foot property for Miller Capital, and Singerman Real Estate purchased the asset free and clear of existing debt, according…
November 3, 2017
Novak Construction wraps construction of Costco in Lincoln

Novak Construction wraps construction of Costco in Lincoln

Novak Construction recently completed building a new Costco Wholesale in Lincoln, Nebraska. Locatd at 1620 Pine Lake Road, the new facility is 156,000 square feet, and includes a 30,000-square-foot outlot gas station with 16 fueling stations. The building’s interior includes a food court, meat-preparation area, bakery, freezer and cooler, optical studio, photo department and pharmacy.…
October 29, 2017
It costs how much to park there? Parking rates ranked in the biggest Midwest cities

It costs how much to park there? Parking rates ranked in the biggest Midwest cities

Whether you are in the parking business or operate a business that depends on parking, market-based parking rates and their trends help you make critical decisions that impact your revenue and expenses, either directly in the case of parking owners and operators, or indirectly in the case of businesses that depend on parking. With Parking…
October 25, 2017
Digital Realty acquires Chicago data center sells for $315M

Digital Realty acquires Chicago data center sells for $315M

Carter Validus Mission Critical REIT has reached an agreement to sell its data center in Northlake for $315 million to Digital Realty, according to a company statement. That’s the highest price ever paid for a Chicago-area data center, according to Crain’s Chicago Business. The data center, located at 505 N. Railroad Ave., had a net…
October 20, 2017
Chris Yuan joins Premier Commercial Realty

Chris Yuan joins Premier Commercial Realty

Premier Commercial Realty has hired a new broker, Chris Yuan. Yuan will be working with seasoned brokers as part of the company’s apprenticeship program. He is currently a licensed real estate broker working towards receiving his CCIM designation. Throughout the last decade, Yuan has run two Jimmy John’s franchise locations, was a partner in two…
October 15, 2017
Sterling Bay’s Jessica Brown explains her passion for retail and what it took to get her ‘dream job’

Sterling Bay’s Jessica Brown explains her passion for retail and what it took to get her ‘dream job’

Jessica Brown's earliest memories of real estate start when she was just a kid. Instead of heading home after soccer games, Brown would throw on boots and a hard hat. She'd tag along with her father, John McLinden of Centrum and now Hubbard Street Group, who took her on tours of the projects he was…
October 11, 2017
O’Donnell Commercial sells Corporate Boulevard office complex in Aurora, IL

O’Donnell Commercial sells Corporate Boulevard office complex in Aurora, IL

O'Donnell Commercial Real Estate represented Sentinel Asset Management in the sale of their 38,750-square-foot office complex in Aurora, Illinois. 1000-1050 Corporate Boulevard, comprised of two single story office buildings was purchased by a private family partnership in August. Kevin O'Donnell and Meredith Klug of O'Donnell represented the seller while Bradford Dessy represented the private buyer.…