Creve Coeur, Missouri-based Poettker Industrial Services promoted Blake Langenhorst to Project Manager. Langenhorst joined Poettker Industrial in 2023 as a Project Engineer and most recently served in the role of Senior Project Engineer. He has eight years of experience in the construction industry. Langenhorst received his bachelor’s degree in technical resource management from Southern Illinois University- Carbondale. As a Project Manager, Langenhorst will be responsible for managing the preconstruction efforts including budget and GMP preparation, risk analysis, constructability reviews, va ..read more

CBRE has arranged the sale of The Barrington, a 282-unit multifamily property in Woodbury, Minnesota. Nuveen Global Investments LLC purchased the property from Tilden Fundamental Barrington Apartments, LLC for an undisclosed amount. CBRE’s Keith Collins, Abe Appert, Ted Abramson, and Danny Baker represented the seller in the transaction. The Barrington is located at 7255 Guider Drive, proximate to Interstate 494, Woodbury Village Shopping Center and Tamarack Nature Preserve, a 150-acre city park. Built in 1998-2001, the property features a range of one- and two-bedroom ..read more

Tarlton has completed construction on the $28 million, 48,000-square-foot renovation and expansion project at Logan University in Chesterfield, Missouri. The Fuhr Science Center features a new two-story 8,000-square-foot addition to the existing 33,310-square-foot science and research building originally constructed in 1986. The center offers two state-of-the-art anatomy laboratories and associated lecture amphitheaters; a simulated imaging center; six chiropractic technique classrooms; two clinical methods classrooms; faculty offices; and student collaboration and study areas. In additio ..read more

Northern Builders is developing a 183,300-square-foot speculative industrial facility in Joliet, Illinois, at the Cherry Hill Business Park. Boasting a clear height of 32’, the new building will feature 208 car parking stalls, 21 fully equipped dock positions (expandable to 36), 45 trailer parking positions, 2,000 amps of power and two drive-in doors. The news of the proposed facility comes one month after Northern announced two new build-to-suit awards at Cherry Hill Business Park with Agile Cold Storage and Forge Trucking Centers (formerly Illinois Truck Group). Both projects have since brok ..read more

The top players in the Detroit area commercial real estate industry gathered May 15 at The Community House in Birmingham, Michigan, for Michigan Real Estate Journal’s third annual Detroit Suburban State of the Market summit. And how was the mood? Cautiously optimistic might be the best way to describe it. Panelists spoke about the challenges posed by high interest rates, rising material costs and the shortage of skilled labor. But they also spoke about the resilience of Detroit’s suburbs, and how these communities continue to attract new development, tenants and sales despite the challenges th ..read more

The average rent for industrial space in Detroit did increase in April. But that increase was a small one. According to the latest research from CommercialEdge, the average industrial rent in Detroit rose to $6.90 a square foot in April. That is up 3% from a year earlier. That rate of growth, though, means that Detroit lags many of its Midwest neighbors, including Columbus, Ohio, where average industrial rents rose by 6.7% in April when compared to the same month a year earlier, and Cincinnati, where average industrial rents increased by 6.1%. CommercialEdge reported that Minneapolis-St. Paul ..read more

The Chicago Chapter of The Society of Industrial and Office Realtors (SIOR) April 23 hosted its Speaker Series Luncheon at The Glen Club in Glenview, Illinois. Ryan Moen, SIOR, Vice President of SIOR Chicago Chapter and Principal and Co-Founder of Versa Real Estate Services, welcomed Kirsten Bowersox,  Principal and COO of Xroads Real Estate Advisors, and Adam Toosley, Partner with Smith Gambrell Russell, to discuss the state of receiverships, REO and distressed assets.  Key takeaways include: ·       Many assets described as distressed should more ..read more

Lev Levin has recently joined Commerce, Michigan’s Insite Commercial as a Sales Associate.  Levin previously attended the St. Petersburg Medical School in Russia where he received a master’s degree of public health with a specialization in Microbiology. Levin’s real estate career began with Century 21 where he specialized in selling off market office and medical office buildings, in the downtown Ann Arbor area.  Levin also specializes in land assemblages for residential and commercial development, as well as nationwide medical office and apartment complex sales. Levin is a member of ..read more

A native of India, Sandya Dandamudi, president of Chicago-based commercial stone contractor GI Stone, says that she has achieved the fabled “American Dream,” furthering the success of the company her mother founded. How successful is GI Stone today? Dandamudi’s company has provided materials and interior work on such high-profile developments as One Bennett Park, Optima Signature, No.9 Walton, Fulton East, The Ritz-Carlton Chicago and the Tribune Tower Residences.  But success for Dandamudi isn’t just about building a thriving business. She als ..read more

Kalamazoo, Michigan-based Old National Bank donated $65,000 in Foundation Grants to four non-profit organizations in the Soutwest Michigan community. “Old National has a long history of community involvement, and we are thrilled to invest in our community with these four foundation grants,” said Jim Barnum, market president with Old National. The four non-profits receiving funding are: Battle Creek Area Habitat for Humanity New Home Construction Program: $15,000 Boys & Girls Clubs of Greater Kalamzaoo Social Emotional Learning: $15,000 Washington Heights United Methodist Church Community ..read more