Midwest Real Estate News November December 09 : Page 3

www.rejournals.com November/December 2009 Midwest Real Estate News® 3 CONTENTS FEATURES The growing business of commercial auctions . . . . . . . . . . . . . . . . . . . . 1 In trying economic times, brokers turn more frequently to auctions. But those brokers who don’t do their homework will discover that the auction business can be unforgiving. Converting the Ford plants in Michigan . . . . . . . . . . . . . . . . . . . . . . . . . 10 Ford Motor Company’s idled Wixom, Mich., assembly plant will soon be redeveloped into one of the nation’s largest renewable energy manufacturing parks. Surviving the new commercial real estate landscape . . . . . . . . . . . . . . 12 It’s not easy working in commercial real estate today. But there are steps that commercial pros can take to not only survive but thrive in today’s challenging market. Redeveloping brownfields in St. Louis . . . . . . . . . . . . . . . . . . . . . . . . . . 14 There are uses for those old industrial sites. Three in St. Louis are gaining new life as commercial developments. The myths of LEED certification for existing buildings . . . . . . . . . . . . . 16 It’s not an impossible task to achieve LEED certification for commercial buildings that are 40-plus years old. Owners just have to be creative. NorthMarq’s growth spurt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 With its takeover of a portion of Opus, NorthMarq recently increased its Midwest presence. Winning over the community . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 It’s not always easy for developers to gain neighborhood support for their projects. Here are some tips on winning over the community. NAI market report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 NAI Global brokerages take an in-depth look at the Midwest’s biggest markets. Are they signs of hope in these troubled times for commercial brokers? Quad Cities market report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22 Like most Midwest markets, the Quad Cities region of Iowa and Illinois hasn’t been immune to the bad economy. Here’s a look at how one brokerage firm is dealing with the changing economy. Minneapolis/St. Paul market report . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23 The Twin Cities have fared better than other Midwest markets during the recession. Here’s why. Columbus market report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24 Ohio’s capital city has seen business slow during the recession. But that doesn’t mean that commercial business has ground to a halt in Columbus. Brokers here are still doing business. Cleveland market report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24 This year has been like no other in Cleveland. The hope is that 2010 brings better news. PROFILES Taft Company Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Thriving in commercial real estate law: The attorneys at Taft Stettinius & Hollister have been serving commercial real estate pros in the Midwest since 1885. We take a look at the reasons for the company’s longevity. Colliers Turley Martin Tucker celebrating a century in Minneapolis . . . 7 The Minneapolis office of Colliers Turley Martin Tucker turned 100 this year. We look at the company’s busy century. Broker Profile: Rick Schuham . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Rick Schuham, executive vice president and director in the Chicago office of tenant representation firm Studley, began his commercial real estate career in 1998. He hasn’t looked back since. Midwest Real Estate News recently spoke with Schuham about having the good fortune of finding the perfect career. Legal Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Jon Blumenthal, partner in the real estate practice group with Omaha’s Baird Holm, takes a look at the legal issues facing commercial pros. BRIEFS Names . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Briefs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 DIRECTORY LISTINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 midwest REAL ESTATE NEWS www.rejournals.com Watch for our e-blast every Thursday

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