DETROIT—Pogoda Cos. is set to celebrate its 30^th year in business. The Farmington Hills, MI-based firm evolved from a one-man brokerage to a top self-storage companies. “I started this business with my wife Lori in 1987,” says Maurice Pogoda, founder, president and chief executive officer. “We shared a tiny office. Now Pogoda has over 90 employees running 35 properties across the states of Michigan and Ohio. When I started, no one knew what self-storage was. Today, it is on every real estate investor's wish list.” Pogoda Cos. has brokered about 150 properties with a market value well in excess of $500 million, managed and/or owned over 75 facilities with more than 4.5 million rentable square feet, and has built or renovated 22 storage properties.

CHICAGO—Patrick FitzGerald, chairman, FitzGerald Associates Architects, will be honored on Thursday, November 9 with the Lifetime Industry Leadership Award at the 16th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University. Steven Fifield, chairman and chief executive officer, Fifield Cos., will be the keynote speaker. In 40 years, FitzGerald has contributed more than 20,000 units to Chicago's housing stock including affordable, public, student, market-rate, and luxury housing; loft conversions and mixed-use buildings in low-, mid-, and high-rise formats. His firm's most recent project is 727 W. Madison. The building, designed for Fifield and F&F Realty, is a 44-story, 492-unit luxury apartment tower with more than 10,000 square feet of retail space. At just under 500 feet, it will be the tallest building in Chicago's West Loop upon its completion in late 2018.

COLUMBUS—Avison Young officials say they have secured the exclusive sale listing for a 253,119-square-foot office building located at 88 E. Broad St. in downtown Columbus. The building is located on Capitol Square, across from the Ohio State Capitol Building, and is leased to several local and regional legal, financial and government tenants. Tenants include Ohio Auditor of State, KeyBank, Ohio Capital Corp. for Housing, CGI Technologies, HNTB Corp. and Chesapeake Operating Inc. Avison Young principals Erik Foster and James Hanson, both based in Chicago, will represent the seller, Columbus-based Schottenstein Property Group. The Chicago team will work with Scott Pickett, Avison Young principal and managing director of the firm's Columbus office. “The Columbus office market continues to draw investors because of its strong Midwest location and market fundamentals,” says Foster. “This class A building provides a unique opportunity for investors to secure a well-located asset and also create value through additional leasing.” The building is 82% occupied.

DEALTRACKER

ANN ARBOR, MI—Newly appointed managing director of Q10 | Lutz Financial Services, Matthew Shane, has provided a $41.50 million loan for the acquisition of McKinley Town Center and Liberty Square office buildings located in downtown Ann Arbor. The ten-year loan featured an 83% LTV and five-years of interest only. The buildings total about 190,000 square feet between their office and retail components, says Jaimey Roth, Hillside's principal of operations, and Jason Biber, principal of acquisitions and leasing. Key McKinley Towne Centre office tenants are Llamasoft Inc., TD Ameritrade and Bodman PLC, with retail tenants including AT&T and Bar Louie, they said. Major tenants at Liberty Square are the University of Michigan and FedEx Corp. Anne Galbraith Kohn, senior vice president in the Southfield office of Los Angeles-based CBRE Inc.'s investment and institutional properties division, was McKinley's broker on the deal.

CHICAGO—Aries/Conlon Capital has arranged a $31.5 million five-year, floating rate loan on behalf of Accesso Partners, LLC to refinance Riverwalk Phase II located at 2100 E. Lake Cook Rd. in north suburban Buffalo Grove, IL. The class A 258,995 square foot office building serves as the corporate headquarters for majority tenant CVS Caremark. It is currently 75% occupied. The 12-story property is located near I-94 and I-294, between Chicago and Milwaukee, and has a fitness center, conference room, deli and is surrounded by retail, lodging, entertainment and dining amenities, including a full-service Westin Hotel and Conference Center across the street.

BY THE NUMBERS

CHICAGO—The national industrial market continues to surge and set new high-water marks, according to a recent report from Chicago-based JLL. The overall vacancy rate stands at just 5.2%, and rents just hit $5.35 per square foot. And the remarkable health of the industrial sector means investors are scrambling to buy up properties. Industrial investment outpaces all other commercial real estate sectors, JLL finds, rising more than 20% year-over-year. Although few big portfolios have sold this year, a $12.5 billion deal is in the pipeline. Furthermore, the intense competition for properties has led many investors to look closely at tertiary markets. Foreign capital has also taken off, and in first half of 2017 it matched 85% of last year's total foreign volume. JLL expects 2017 investment to exceed the $47.8 billion in 2016 total, and make the year second to only 2015 in overall activity.

NEWS & NOTABLES

DETROIT—Pogoda Cos. is set to celebrate its 30^th year in business. The Farmington Hills, MI-based firm evolved from a one-man brokerage to a top self-storage companies. “I started this business with my wife Lori in 1987,” says Maurice Pogoda, founder, president and chief executive officer. “We shared a tiny office. Now Pogoda has over 90 employees running 35 properties across the states of Michigan and Ohio. When I started, no one knew what self-storage was. Today, it is on every real estate investor's wish list.” Pogoda Cos. has brokered about 150 properties with a market value well in excess of $500 million, managed and/or owned over 75 facilities with more than 4.5 million rentable square feet, and has built or renovated 22 storage properties.

CHICAGO—Patrick FitzGerald, chairman, FitzGerald Associates Architects, will be honored on Thursday, November 9 with the Lifetime Industry Leadership Award at the 16th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University. Steven Fifield, chairman and chief executive officer, Fifield Cos., will be the keynote speaker. In 40 years, FitzGerald has contributed more than 20,000 units to Chicago's housing stock including affordable, public, student, market-rate, and luxury housing; loft conversions and mixed-use buildings in low-, mid-, and high-rise formats. His firm's most recent project is 727 W. Madison. The building, designed for Fifield and F&F Realty, is a 44-story, 492-unit luxury apartment tower with more than 10,000 square feet of retail space. At just under 500 feet, it will be the tallest building in Chicago's West Loop upon its completion in late 2018.

COLUMBUS—Avison Young officials say they have secured the exclusive sale listing for a 253,119-square-foot office building located at 88 E. Broad St. in downtown Columbus. The building is located on Capitol Square, across from the Ohio State Capitol Building, and is leased to several local and regional legal, financial and government tenants. Tenants include Ohio Auditor of State, KeyBank, Ohio Capital Corp. for Housing, CGI Technologies, HNTB Corp. and Chesapeake Operating Inc. Avison Young principals Erik Foster and James Hanson, both based in Chicago, will represent the seller, Columbus-based Schottenstein Property Group. The Chicago team will work with Scott Pickett, Avison Young principal and managing director of the firm's Columbus office. “The Columbus office market continues to draw investors because of its strong Midwest location and market fundamentals,” says Foster. “This class A building provides a unique opportunity for investors to secure a well-located asset and also create value through additional leasing.” The building is 82% occupied.

DEALTRACKER

ANN ARBOR, MI—Newly appointed managing director of Q10 | Lutz Financial Services, Matthew Shane, has provided a $41.50 million loan for the acquisition of McKinley Town Center and Liberty Square office buildings located in downtown Ann Arbor. The ten-year loan featured an 83% LTV and five-years of interest only. The buildings total about 190,000 square feet between their office and retail components, says Jaimey Roth, Hillside's principal of operations, and Jason Biber, principal of acquisitions and leasing. Key McKinley Towne Centre office tenants are Llamasoft Inc. , TD Ameritrade and Bodman PLC , with retail tenants including AT&T and Bar Louie , they said. Major tenants at Liberty Square are the University of Michigan and FedEx Corp. Anne Galbraith Kohn, senior vice president in the Southfield office of Los Angeles-based CBRE Inc.'s investment and institutional properties division, was McKinley's broker on the deal.

CHICAGO—Aries/Conlon Capital has arranged a $31.5 million five-year, floating rate loan on behalf of Accesso Partners, LLC to refinance Riverwalk Phase II located at 2100 E. Lake Cook Rd. in north suburban Buffalo Grove, IL. The class A 258,995 square foot office building serves as the corporate headquarters for majority tenant CVS Caremark. It is currently 75% occupied. The 12-story property is located near I-94 and I-294, between Chicago and Milwaukee, and has a fitness center, conference room, deli and is surrounded by retail, lodging, entertainment and dining amenities, including a full-service Westin Hotel and Conference Center across the street.