Midwest Real Estate News October 2013 : Page 2

4 | Midwest Real Estate News | October 2013 www.rejournals.com FEATURES The new look of urban offices: Want to attract employees to your downtown office space? Then it’s time to make some changes. PROFILES/COLUMNS Location the key to student housing: Want to thrive in the student-housing business? Location is essential. DEPARTMENTS Editor’s Letter 1 21 Industry Profile: Jaki Becker, Associated Bank 26 4 Building Arcata: There’s plenty to like about Arcata, the multi-family development that Trammell Crow Company and Investors Real Estate Trust broke ground on in late September in Golden Valley, Minn. 1 Why Kansas’ NewCentury Air Center 22 matters: Kansas’ NewCentury Air Center may or may not be haunted, but there’s nothing scary about the financial impact the center has had. Best practices for managing a commercial real estate portfolio: Dan Hampton, BMO Harris Bank Briefs 34 29 Directory Listings Kansas City Development Day: Mark Long, Zimmer Real Estate Services 37 30 Women in Commercial Real Estate Listings Multi-family market a hot one in Chicago: Monica Makin, vice president of acquisitions and asset management with Chicago’s Urban Innovations, is a fan of Chicago’s multi-family market. And why not? The number of renters flocking to hot Chicago neighborhoods – and even many of its inner-ring suburbs – is still on the rise. 8 Crowdfunding for real estate? 23 Crowdfunding is hot. Realty Mogul hopes to tap into it for commercial real estate. Build sooner, faster, better to avoid inflation’s impact: Pierre Cowart and Rory Tihinen, Leopardo Companies 40 31 A booming hotel business in the Midwest: Robert Habeeb, First Hospitality Group, Inc. 32 The art of expansion projects: 24 There’s an art to expansion projects. Kevin Williams, vice president of science and technology for St. Louis-based McCarthy Building Companies, knows this. Time for Detroit to reach its potential: Richard Broder, Broder & Sachse 33 Investor demand for Chicago retail on the rise: Chicago’s retail market is on the rise, something that’s attracting the attention of investors. 10 Build-to-suits still dominating in Chicago: Spec development may nab the headlines, but build-to-suits are still the norm in the Chicago area. 12 Spec construction returns to Indianapolis: Indianapolis is seeing a boom in industrial spec construction. What’s behind this trend? 14 CRE on the rise in Nashville: Nashville survived the Great Recession better than most metros. Now, this city is seeing a CRE boom. 16 Public transportation, downtown development hot topics in Omaha: Omaha is in the middle of a recovering commercial real estate market. Will public transportation and more downtown development provide even more of a boost? 18 Office market health in Minneapolis: The Minneapolis office market, propelled by low unemployment and a skilled workforce, is seeing vacancies fall and rents rise. 19

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