Midwest Real Estate News August/September 2014 : Page 4

4 | Midwest Real Estate News | August/September 2014 | www.rejournals.com FEATURES Lexington remains one hot market: Retail and multi-family continue to fuel the commercial resurgence in this key Kentucky city. 1 Lee & Associates interview: Don’t expect any slowdown in the Midwest’s commercial real estate markets. 20 Preserving the memory of the Tower Club: For nearly 100 years, Chicago business leaders, celebrities and politicians drank martinis on the 39th floor of the city’s Civic Opera House. Soon, this floor will house a growing software firm. 22 New Radisson Blu in Minneapolis a sign that more luxury lodging to come? Nathan Hall has a prediction: The new Radisson Blu hotel in downtown Minneapolis will set off a chain reaction that will bring a series of new luxury lodging choices to the city’s center. 33 Multi-family market slowing? Not 1 a chance: The multi-family market remains hot. Some of the country’s top commercial lenders take a look at this surging commercial sector. Deal activity soaring in Louisville: 8 Spec industrial has returned to Louisville. But that’s just the start of the good news in this market. Another big merger: C ommercial mortgage-banking company Bellwether Enterprise Real Estate Capital will expand its service into the Minneapolis and Detroit markets once it merges in early September with Towle Financial Services. Sometimes prettiest isn’t best: CenterPoint officials aren’t superficial; they’re not obsessed with looks when investing in industrial properties. 24 Bear Construction: Succeeding in the competitive construction business is no easy task. But Rolling Meadows, Ill.-based Bear Construction Company has not only succeeded, it’s thrived. 26 Downtown East taking shape: Downtown East, the massive mixed-use project in the center of Minneapolis, is slowly starting to take shape. 34 Taking notice of Omaha: Out-of-state investors are paying more attention to Omaha. What is causing them to flock to this Midwest market? 31 10 PROFILES/COLUMNS A new future for Cleveland’s iconic Standard building: The Standard Building’s prominence is one reason why Weston, a privately held industrial building owner and manager, has chosen the building to house its first multi-family project in downtown Cleveland. The Reef: Meeting a need, overcoming challenges: Most developers don’t have to worry about coral reefs that are more than 400 million years old when planning their latest multi-family developments. Stewart Wangard, though, does, at least with The Reef, the latest residential development taken on by Milwaukee-based Wangard Partners. 28 DEPTS/COLUMNS Editor’s Letter ................................................6 The debt capital markets: What’s in store for the rest of 2014? ..........................................35 Student housing trends in the Midwest: a closer look ...................................................37 Leveraging the media to put your commercial real estate project on the map ....................38 Directory Listings ................................... 40 18 Downtown Cleveland on the rise: 16 Why are so many people moving to downtown Cleveland? Two CRE pros with Colliers International know the secret: Downtown Cleveland is a fun place to live. 833 East office tower to reshape 30 downtown Milwaukee’s skyline: Once every 10 to 15 years. That’s how often projects as important as the 833 East downtown office tower come along in Milwaukee.

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