Midwest Real Estate News April/May 2016 : Page 4

4 | Midwest Real Estate News | APRIL/MAY 2016 | www.rejournals.com FEATURES Amazon’s big impact in the Midwest Amazon continues to make news in the Midwest, this time announcing that it will open a new fulfillment center in the Logistics Park Kansas City in Edgerton, Kansas. 1 CRE activity continues to soar in Omaha Office, industrial, retail and multifamily are all on the rise in Omaha. Credit a strong labor force, pro-business climate and a low unemployment rate. Shared workspaces not just for Millennials Shared workplaces can help companies save a significant amount of money, especially in the priciest office markets in the country. Because of this, commercial real estate brokers should expect more of their clients to at least investigate office-sharing. 1 JLL: Indianapolis office market hits its lowest vacancy rate since 2008 The Indianapolis-area office market thrived during the first quarter of 2016, notching five leases of more than 40,000 square feet. At the same time, the market saw seven capital markets transactions during the quarter, five of which were investments in office buildings in Indianapolis’ Central Business District. Cleveland’s urban core is on the rise Mary Forbes Lovett has noticed something interesting about Cleveland: When people who’ve never been to this city visit, they are inevitably shocked, surprised at how much there is to do here and by the eclectic mix of Cleveland’s museums, restaurants, shops and parks. 16 Commercial real estate crowdfunding is here to stay AJ Chivetta doesn’t hesitate: Crowdfunding is changing the way people can invest in commercial real estate. And because of this, the number of people investing in commercial real estate through crowdfunding will only grow in the coming years, he said. 21 18 12 NAI Hiffman’s Mark Moran: Busy times not slowing in Chicago’s industrial sector Mark Moran, executive vice president and partner with NAI Hiffman in Oakbrook Terrace, Illinois, has seen plenty of industrial markets. So he knows a strong one when he sees it. Today, he sees an exceptionally strong industrial market in the Chicago area. Moran recently spoke with Midwest Real Estate News about the reasons behind the industrial activity taking place now in Chicago. 20 The DNA of #CRE survey: CRE pros are not embracing technology Only 32 percent of commercial real estate pros responding to an industry survey by theBrokerList and Buildout say they use LinkedIn. Most surprising? According to the survey, LinkedIn is the most popular social media tool used by commercial real estate professionals, with only 18 percent of respondents saying they use Facebook and just 15 percent Twitter. Alter’s Corridors North office development set to make big splash in Chicago suburbs The Chicago suburbs will soon be home to a major new office campus, thanks to local developer Alter. Alter earlier this month announced that it has opened its Corridors North office park to future tenants who want to build their own customized office space. 25 Indoor waterpark? Movie-themed amusement park? Benson-Orth General Contractors helping to bring the fun to Twin Cities suburbs Minneapolis residents looking for even more entertainment than the Twin Cities proper can provide will soon find plenty of kid-and adult-friendly fun about 30 miles northwest of Minneapolis. That’s where Benson-Orth General Contractors is ready to start overseeing the construction of an indoor water park, indoor amusement park based on movies from Sony Pictures and two major hotels. 28 COLUMNS/PROFILES 6 26 33 Editor’s Letter 27 Company Profile: Doran Companies Directory Listings

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