INDIANAPOLIS-There’s an increased demand for net-lease retail sites in the Midwest by national investors, especially from California, says a Mid-America broker.
MINNEAPOLIS-The retailer reported a 3.7% rise in same store sales during its Q2 conference call Wednesday. The firm is getting ready to enter Canada and open CityTarget locations.
TORONTO-According to an Avison Young report, the country now has office vacancy of about 7.8%, compared to 12.6% vacancy in the US – though Canada still depends on US strength.
CHICAGO-The former Stateway Gardens public housing site is being redeveloped by the Davis Group, Stateway Associates and Walsh Construction. Centerline is investing $9.1 million.
CHICAGO-The $850 million K Station apartment complex includes the 350-unit Echelon and the East and West towers at Alta, totaling 858 units. The West Loop units are new and amenity-full.
PARIS-The leaders of France and Germany said in a press conference this afternoon that they believe joint effort by all countries using the Euro would be preferable to a quick financial fix.
NAPERVILLE, IL-The 10-story office building was purchased in 2006 for $33 million, but the owners defaulted on a first mortgage loan. Plus more Midwest news.
CHICAGO-A JLL annual report indicates that overall vacancy rates for commercial real estate in the country’s seaports have dropped to 1.2% lower than the national industrial average.