Midwest Real Estate News April 2011 : Page 3

www.rejournals.com April 2011 Midwest Real Estate News® 3 CONTENTS FEATURES Busy times in Cleveland . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Cleveland is in the middle of a downtown construction boom, with a new casino, medical mart and office building project all poised to boost business in this Midwest city. We talk to the real estate pros closing deals in the city to find out what’s behind this surge in construction activity. Restoring pride in Detroit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 The Motor City still carries with it a stigma. But the brokers doing business here say there is plenty of hope in Detroit today. Pride is returning to Michigan’s biggest city, these supporters say. A bright future in Omaha . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Omaha has weathered the commercial real estate slump as well as has any city. Midwest Real Estate News talked to commercial real estate veterans here to find out why this Nebraska city has proven so resilient. Solving the challenges of data center projects . . . . . . . . . . . . . . . . . . . . . . . . 16 Anticipating the future needs of a new data center is no easy task. Healthcare remains strong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 After a brief slump, the commercial healthcare market is on the mend again. Midwest Real Estate News finds out why this commercial sector remains so resilient to the ups and downs of the economy. Holding steady in Topeka . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Ken Schmanke is president of Topeka-based KS Commercial Real Estate Services. He’s also a commercial real estate industry veteran. He’ll tell you exactly how busy commercial real estate pros working in Kansas’ state capital are these days. The good news? They’re pretty busy. The profit generator of property management . . . . . . . . . . . . . . . . . . . . . . . . . 28 Property management remains a key generator of profits for commercial real estate brokerages as the country’s economic struggles continue. Midwest Real Estate News looks at the keys to succeeding in this competitive business. COLUMNS/PROFILES Editor’s Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Liquidity returns to commercial market, Susan Blumberg, NorthMarq Capital Company Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Like other companies working in the commercial real estate business, Minneapolis law firm Leonard, Street and Deinard has had to adjust to a sluggish economy and a struggling building industry. On The Job . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Lawrence Perea, director of research and information management for Chicago’s Bradford Allen Realty Services, researches and analyzes the Chicago Central Business District and suburban office markets for his employer. Project Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Minnesota’s Opus Development Corporation expands its presence in Des Moines. Briefs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Directory Listings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

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