CHICAGO—Ginger Downs, chief executive officer of the Chicago Association of REALTORS, won the 2017 William R. Magel Award of Excellence at the annual National Association of REALTORS Midyear Legislative Meetings and Trade Expo in May 2017. The national association gives the annual award to a REALTOR executive who has excelled in his or her role. “Many Chicago REALTORS credit Ginger for gently guiding and advising their careers, as well as spurring their involvement in the REALTOR associations at the state and national level,” says Matt Silver, 2017 president of the Chicago association partner at Urban Real Estate. She “has a passion for the developing talent, elevating knowledge and promoting professionalism, coupled with a history of taking action.” Downs began leading the Chicago association in 2005, having previously served as an association executive in the Seattle region.

DEALTRACKER

RACINE, WI—Mid-America Real Estate Corp.'s investment sales team recently brokered the sale of Greentree Centre in Caledonia, WI. The 86,919-square-foot shopping center was purchased by Cincinnati-based Phillips Edison. Pick 'N Save and McDonald's. anchor the center, which sits at the northeast corner of 4 Mile Rd. and Douglas Ave. Rick Drogosz and Carly Gallagher of Mid-America, in cooperation with Dan Rosenfeld of Mid-America Real Estate -Wisconsin, LLC were the exclusive brokers in the transaction on behalf of the seller, Oak Brook, IL-based IRC Retail Centers.

ROSELLE, IL—Brown Commercial Group recently brokered a 29,643-square-foot industrial lease in the suburban Chicago market. Trinity Scurto, senior vice president of the Elk Grove Village, IL-based Brown, represented the tenant, Aeronet Worldwide, Inc. in expanding into a new space at 1055 Stevenson Ct. in Roselle. The global logistics company will move from an 8,000-square-foot space in Bensenville, IL. “Chicago's industrial market continues to move at a fast pace, with record low vacancy rates and a shortage of space for small to mid-sized users in many submarkets,” says Scurto. “It's important for businesses to look strategically at market conditions and find long-term solutions that can help support growth.” Brian Kling and Ron Behm of Colliers International represented the building owner, James Campbell Co. LLC, in the transaction.

BUILDING BLOCKS

MINNEAPOLIS—Ryan Cos. US, Inc. and PrairieCare, LLC have just opened the 610 Medical Center located in Brooklyn Park, MN. PrairieCare and PrairieCare Medical Group will occupy the 41,000 square-foot, two story medical office building. PrairieCare provides specialized behavioral health services to all ages and it will use the building for youth, intensive outpatient programs for all ages, outpatient clinic services for all ages, and administrative space. “We are very happy with our new location,” says Dr. Joel Oberstar, chief executive officer of PrairieCare, LLC. “It offers our team the opportunity to increase our capacity for adult care and further open up access to mental healthcare in the area.” Ryan provided development, construction, capital markets, civil engineering, landscape architecture and management services for the project; and HGA Architects designed the core and shell services and Pope Architects designed PrairieCare's space.

BY THE NUMBERS

CHICAGO—Chicago's downtown ranked in the top 50 for prime office occupancy costs in the world, and, came in fourth for the largest 12-month increase in the nation, according to CBRE Research's latest annual global occupancy report. The downtown market has been quite active, and that pushed costs up 10.2%. In March, CBRE noted in its global rents survey that prime net rents in Chicago's top office properties, a subset of 14 million square feet, rose 19.9% from 2015 to 2016. “Demand is still very healthy for high-quality space and we continue to see positive absorption,” Sara Spicklemire, senior vice president with CBRE. “As long as a flight-to-quality and inbound migration to the urban core continues, I don't see this trend reversing.”

NEWS & NOTABLES

CHICAGO—Ginger Downs, chief executive officer of the Chicago Association of REALTORS, won the 2017 William R. Magel Award of Excellence at the annual National Association of REALTORS Midyear Legislative Meetings and Trade Expo in May 2017. The national association gives the annual award to a REALTOR executive who has excelled in his or her role. “Many Chicago REALTORS credit Ginger for gently guiding and advising their careers, as well as spurring their involvement in the REALTOR associations at the state and national level,” says Matt Silver, 2017 president of the Chicago association partner at Urban Real Estate. She “has a passion for the developing talent, elevating knowledge and promoting professionalism, coupled with a history of taking action.” Downs began leading the Chicago association in 2005, having previously served as an association executive in the Seattle region.

DEALTRACKER

RACINE, WI—Mid-America Real Estate Corp.'s investment sales team recently brokered the sale of Greentree Centre in Caledonia, WI. The 86,919-square-foot shopping center was purchased by Cincinnati-based Phillips Edison. Pick 'N Save and McDonald's. anchor the center, which sits at the northeast corner of 4 Mile Rd. and Douglas Ave. Rick Drogosz and Carly Gallagher of Mid-America, in cooperation with Dan Rosenfeld of Mid-America Real Estate -Wisconsin, LLC were the exclusive brokers in the transaction on behalf of the seller, Oak Brook, IL-based IRC Retail Centers.

ROSELLE, IL—Brown Commercial Group recently brokered a 29,643-square-foot industrial lease in the suburban Chicago market. Trinity Scurto, senior vice president of the Elk Grove Village, IL-based Brown, represented the tenant, Aeronet Worldwide, Inc. in expanding into a new space at 1055 Stevenson Ct. in Roselle. The global logistics company will move from an 8,000-square-foot space in Bensenville, IL. “Chicago's industrial market continues to move at a fast pace, with record low vacancy rates and a shortage of space for small to mid-sized users in many submarkets,” says Scurto. “It's important for businesses to look strategically at market conditions and find long-term solutions that can help support growth.” Brian Kling and Ron Behm of Colliers International represented the building owner, James Campbell Co. LLC, in the transaction.

BUILDING BLOCKS

MINNEAPOLIS—Ryan Cos. US, Inc. and PrairieCare, LLC have just opened the 610 Medical Center located in Brooklyn Park, MN. PrairieCare and PrairieCare Medical Group will occupy the 41,000 square-foot, two story medical office building. PrairieCare provides specialized behavioral health services to all ages and it will use the building for youth, intensive outpatient programs for all ages, outpatient clinic services for all ages, and administrative space. “We are very happy with our new location,” says Dr. Joel Oberstar, chief executive officer of PrairieCare, LLC. “It offers our team the opportunity to increase our capacity for adult care and further open up access to mental healthcare in the area.” Ryan provided development, construction, capital markets, civil engineering, landscape architecture and management services for the project; and HGA Architects designed the core and shell services and Pope Architects designed PrairieCare's space.