Midwest Real Estate News June/July 2014 : Page 4

4 | Midwest Real Estate News | June/July 2014 | www.rejournals.com FEATURES St. Louis, a commercial real estate market on the rise: Commercial deals are getting done in St. Louis in all sectors today. Midwest Real Estate News takes a look at why brokers in this city are so optimistic. PROFILES/COLUMNS Spec construction, downtown boom fueling Columbus: Colliers International’s Richard Schuen knows the Columbus market. And what does he see in this key Midwest city today? Plenty of commercial real estate activity and a continued demand for downtown living. DEPARTMENTS Editor’s Letter .......................................... 6 News Briefs ........................................... 29 Directory Listings .................................. 34 1 17 Easier to get financing … for the right deals: It’s easier today to secure financing for new apartments, retail centers and medical office buildings. But developers need to bring the right project to banks and lenders to earn their finance dollars. 1 Mike Mayer, crafting a career in real estate: When Michael Mayer graduated from Southern Methodist University with a bachelor’s degree in business administration, he had one plan: It was time to enroll in law school. Fortunately for the world of commercial real estate, law school didn’t grab Mayer’s attention. 13 On a roll in Kansas City: What’s behind the commercial real estate rebound in Kansas City? Location is key, as is a talented workforce, affordable prices and a rejuvenated downtown that is attracting tech firms and start-ups. 10 Multi-family boom not ready to slow: Michael Finn, senior vice president and regional manager with the commercial real estate division of Associated Bank, says that the multi-family market across the Midwest is a strong one. And the best news? The market isn’t about to slow any time soon. 18 New leadership at BMO Harris: John Petrovski is the new managing director and head of U.S. commercial real estate with BMO Harris Bank. He recently spoke with Midwest Real Estate News about his goals. 20 Kansas City’s tech successes: Tech firms are choosing Kansas City. The arrival of MindMixer is just the latest example. 12 Developers, investors taking a closer look at Kankakee: Kankakee, located south of Chicago, is on the rise. And developers and investors have noticed. 24 Helping developers bring affordable housing to communities: Wayne Schiferl, a tax partner in the construction/ real estate group of accounting firm Baker Tilly Virchow Krause, LLP, boasts a deep understanding of what it takes to plan for affordable-housing projects. 21 Retail on the rise in Columbus: Tom 16 McGarity, managing principal of the Columbus office of Cassidy Turley, has good news for brokers working this market’s retail sector: Activity is on the rise, and it’s smaller, infill projects that are providing retail activity today in the city. Seniors housing boom continues: The seniors housing market remains one of the hottest CRE sectors. And one of the bigger names in this industry says that this trend is far from over. 25 26 27 28 Taking the lead in green building: John Petrovski, BMO Harris. Heading back to the suburbs? Dan Brown, Brown Commercial Group. Creating a productive office: Ruth Minnick, Rightsize Facility Performance A N N AtioNAl AtioNAl B B uilder uilder d d edicAted edicAted to to A esigN /B uild uild e xcelleNce xcelleNce d esigN Project Walnut-Union OH This 1,810,248 square-foot build-to-suit facility will serve as a distribution hub and worldwide prototype for a well-known Fortune 50 company and is slated for completion in November. (Currently Underway) Project Ingredients -Indianapolis, IN This 225,486 square-foot food production facility and distribution warehouse will specialize in the production of bread, flat bread, and cookie dough for a Fortune 500 company. This project is scheduled for an early fall completion. (Currently Underway) Pinstripes -Overland Park, KS The two stories of this 40,570 square-foot dining and entertainment venue mirror one another each floor with its own bar, dining area bowling and bocce. The outdoor space is designed to remain open year round, providing heat lamps, fire pits, and large umbrellas, sheltering patrons from Midwest winter elements. (Recently Completed) d a l l a s /F t . W o r t H 7929 Brookriver Drive, Suite 630 Dallas, TX 75247 Phone: 214.819.9445 H e a d q ua r t e r s 1150 Spring Lake Drive Itasca, IL 60143 Phone: 630.773.0050 H ouston 8300 FM 1960 West, Suite 432 Houston, TX 77070 Phone: 281.671.6839

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