Industrial Real Estate: Avison Young’s Keith Puritz Thinks on His Feet

In this industrial real estate profile story, Avison Young’s Keith Puritz tells Chicago Industrial Properties about getting his start in the business. One interesting anecdote describes how he became trapped on the roof of a building while showing it to a client. The best part is how he got down! Click here to see the story online.

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EAA Completes Law Firm Office Designs

EAA Completes Law Firm Office Designs

6.11.2015

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Chicago Law Firm Office Designs

There are special nuances to creating office designs for law firms. Just ask Earles Architects and Associates (EAA), which recently completed two new spaces in unique Chicago buildings — The Inland Steel Building and NBC Tower.

See the full story here.

 

Retail On Solid Ground, Says Next Realty from ICSC

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chi_andy01aThe news is good for retail, according to Next Realty’s Andy Hochberg, who was interviewed by GlobeSt as part of ICSC. Here are a few tidbits:

  • Acquisitions are top of mind, reminding Hochberg of the aggressive buying seen in 2007
  • Some buyers may be a bit too eager and should remember to consider longer term financials, such as interest rates
  • Next Realty tries to steer a middle course, buying AND selling aggressively

Click here for the full story.

Megalytics™ Takes CRE Big Data to New Levels

Megalytics™ Takes CRE Big Data to New Levels

Big data is big news today as Megalytics™, a new data analysis platform for the CRE industry, talks to GlobeSt. The Chicago tech firm is fresh from a three-month boot camp at ElmSpring, a boot camp that is part of 1871’s hub in the Merchandise Mart.

What can Megalytics™ do for CRE firms? Help landlords avoid major financial issues with tenants. Their analysis shows the big picture of how a tenant will fare long term, which can help landlords avoid renting space to tenants that might ultimately crash and burn before their lease expires.

Get more details at GlobeSt.

 

Avison Young Report: Foreign Investment Demand Still Strong

Avison Young's Erik Foster and Mike Wilson Sold This 1.7 MSF Portfolio in SE Wisconsin for CenterPoint.

Avison Young’s Erik Foster and Mike Wilson Sold This 1.7 MSF Portfolio in SE Wisconsin for CenterPoint in Q1 of 2015.

A new report from Avison Young’s National Industrial Capital Markets Team shows demand still strong, but foreign investment activity leveling off in 2014.

Investors from Canada, the UK, Bahrain, Germany and other countries bought 185 industrial properties in key markets in 2014, a decrease from 213 in 2013. Among the top markets were: Chicago, IL ($178.3 million); Jacksonville, FL ($137.7 million); and Greenville, S.C. ($133 million).

“Foreign investors have been on a buying spree in the U.S. market for several years now, looking for opportunities to buy stable assets that can provide stronger yields than those found in their own or other foreign countries,” said Erik Foster, a principal with Avison Young and the practice leader for the National Industrial Capital Markets Group.

Among the highlights:

  • Canada will continue to top the list of foreign investors acquiring U.S. industrial assets.
  • Leasing fundamentals will continue to improve, creating tangible rent growth and continued positive absorption in most U.S. markets
  • A lack of supply will continue to push investment pricing higher
  • New spec construction will not come online fast enough to meet demand

See this GlobeSt story for more.

Spring 2015: Commercial Real Estate Trends

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March 22, 2015

GlobeSt details these top commercial real estate trends from Paramount Capital Corp. Here are insights on:

  • The health of the apartment sector
  • Mezzanine loans
  • Private equity’s role
  • The future of single family portfolios

90 North Buys 485K SF Raleigh Office Campus

Feb. 23, 2015

This national GlobeSt. story details the $127 million acquisition of the Lenovo Enterprise Campus by UK-based 90 North Real Estate Partners and Dubai-based Arzan Wealth. The 485,000-square-foot office campus in Raleigh was sold by Philadelphia-based Rubenstein Partners and its partner Grubb PropertiesClick here for more on:
  • The ongoing shift in investor activity into secondary markets, such as Raleigh.
  • The geographic diversity of 90 North
  • The health of the Research Triangle Park and its tech sector tenants.

Says Dan Cooper, head of 90 North’s North American operations: “We’ve demonstrated geographic diversity with acquisitions in Raleigh, Chicago, and Denver, and we’ve shown the range of our financial resources with the ability to acquire assets ranging from $40 million up to and exceeding $127 million.”

Avison Young Sells 2 Industrial Portfolios in Milwaukee

Avison Young Sells 2 Industrial Portfolios in Milwaukee

CenterPoint Milwaukee Feb 2015

Feb. 20, 2015

GlobeSt takes a look at the Milwaukee investment market, focusing on two large portfolios sold by Avison Young’s Erik Foster and Mike Wilson for CenterPoint. See this story for details on:

  • How investors continue to look toward secondary markets to gain higher yields
  • Why Milwaukee is a draw. It has all the fundamentals in place that investors are seeking–strong local business climate, access to Chicago and Midwest distribution routes, etc.

 

 

Foreign Investment: 90 North Buys Lenovo Campus

Foreign Investment: 90 North Buys Lenovo Campus

Click here for more.