Monthly Archives: May 2011

Keys to success for brokers today? According to Pizzuti, it’s all about the service

Posted on May 25, 2011 by

Columbus, Ohio-based Pizzuti provides a good example of a developer and real estate management company that is seeing business grow as the national and local economies show signs of life. Pizzuti’s current projects include two major developments for Whirlpool Corporation. … Continue reading →

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Wells Fargo economist has the good news: The commercial real estate decline is over

Posted on May 24, 2011 by

The commercial real estate decline is over. At least according to one top economist at Wells Fargo Securities. Mark Vitner made the headline-grabbing statement that the economic decline in commercial real estate is now done. He made this statement during … Continue reading →

Posted in national commercial real estate | Tagged , , | 1 Comment

Is there a positive side to rising gas prices? Maybe … if you look real hard

Posted on May 18, 2011 by

Is there a positive to rising gas prices? It sure doesn’t feel like it when it costs $45 or more to fill up your car’s gas tank. But a new survey of real estate agents by Coldwell Banker Residential Brokerage … Continue reading →

Posted in residential real estate | Tagged , , | 1 Comment

The power of specialization pays off for Marcus & Millichap

Posted on May 17, 2011 by

Marcus & Millichap Real Estate Investment Services has thrived in all manner of commercial real estate markets, the good ones and the bad ones. Midwest Real Estate News recently spoke to two of the company’s senior executives about the reasons … Continue reading →

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New Menards in Columbus more evidence of a recovering retail market?

Posted on May 10, 2011 by

After two years of inactivity, the giant retailers are starting to move again in the Midwest. Just look at Columbus, Ohio. In April, home-improvement giant Menard Inc. opened its first Columbus store. The store opened more than three years after … Continue reading →

Posted in Chicago Commercial Real Estate, Columbus real estate, retail, Wisconsin commercial real estate | Tagged , , , , , , , , , | Leave a comment

Twin Cities to see multi-family vacancies fall to 10-year low?

Posted on May 10, 2011 by

Who says that no good news comes out of the commercial real estate business these days? If you’re looking at the multi-family market, there’s little but positive news. Just look at the Twin Cities. Marcus & Millichap recently shared some … Continue reading →

Posted in Minnesota real estate, multi-family | Tagged , , , , | 2 Comments

The era of cities

Posted on May 5, 2011 by

 “If the 20th century was the era of nations, the 21st century is the era of cities.” South Korean President Lee Myung-bak  at the Christening of New Songdo City, a master-planned city 40 miles west of Seoul, in 2009. There … Continue reading →

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Signs of life at the Hub Tower

Posted on May 5, 2011 by

Since its construction in 1986 the Hub Tower in Des Moines has attracted attention. This isn’t surprising. With 20 stories and standing 325 feet, the building is tied as the sixth-largest in all of Iowa. But the building has recently … Continue reading →

Posted in Des Moines commercial real estate | Tagged , , , | 2 Comments

Is your city’s office vacancy rate rising for the right reasons?

Posted on May 3, 2011 by

A lot of cities across the Midwest have office vacancy rates that are too high for comfort. But what often gets lost in the numbers is that not all office vacancy rates are created equal: Cities can have high office … Continue reading →

Posted in Des Moines commercial real estate | Tagged , , , | 1 Comment