People on the Move

June 28, 2017

Berkadia secures $70M loan for luxury apartment building

Berkadia arranged $70.2 million in construction and permanent financing for the multifamily residential portion of the Wheeling Town Center, a mixed-use development in Wheeling. Paul Matusiak of Berkadia arranged the loan which closed on June 6. Berkadia secured the financing on behalf of the borrower, Illinois-based WTC Residential Development LLC. The first mortgage is both…
June 23, 2017

Marcus & Millichap: Apartment construction booming in Milwaukee

Junction at White Stone Station Apartment construction is surging across the Milwaukee market, according to the latest research from Marcus & Millichap. According to the company’s second quarter multifamily research, developers are expected to add 3,633 apartment units to the Milwaukee market during 2017. That is a significant increase from 2016, when 1,924 new apartment…
June 19, 2017

Amazon acquires Whole Foods Market for $13.7B

Amazon will acquire Whole Foods Market for $13.7 billion during a period where grocery stores are changing rapidly, according to a statement from Amazon on Friday. Whole Foods Market will continue to operate stores under the same brand and John Mackey will remain as CEO of Whole Foods and the headquarters for the company will stay in…
June 14, 2017

Report: Chicago ranked as top 10 office market

Chicago ranks third on the Colliers International’s top office metros snapshot research report released in June. On the report, Chicago’s core inventory reaches 145,247,654 square feet just behind Washington DC and Manhattan. The core central business district submarkets for Chicago include the West Loop, Central and East Loop and River North. More than half of…
June 9, 2017

Jerry Goldner joins Coldwell Banker Commercial

Jerry Goldner has joined Coldwell Banker Commercial NRT as senior investment advisor, according a company announcement. Goldner has 37 years of real estate experience with sales in excess of $260 million. The vast majority of properties sold have been off-market confidential opportunities. He will be concentrating on mid-sized and institutional quality properties locally, nationally and…
June 5, 2017

To survive as a brick-and-mortar retailer today? Value pricing and experiences are key

If a bankruptcy judge agrees, Payless Shoes will close 800 stores across the United States this year. Michael Korrs, a maker of luxury handbags, will close more than 100 stores. Children’s clothing store Gymboree looks poised to file for bankruptcy protection soon. So far, 2017 has been a bad year for brick-and-mortar retailers. Don’t expect…