RE Journals

RE Journals is your go-to resource for all things related to commercial real estate in the Midwest. With decades of experience, RE Journals stands out as a premier source for news in the commercial real estate industry, offering in-depth coverage of everything from influential figures to the latest developments in the heart of America. Our mission is to deliver a wide range of analysis, timely news, and valuable insights for industry professionals through several publications, including Midwest Real Estate News, Illinois Real Estate Journal, and Chicago Industrial Properties. We share fresh content daily on our website, via email newsletters, and on social media, while also featuring key industry trends in our bi-monthly print editions. Based in Chicago, RE Journals organizes various conferences and events throughout the year, providing opportunities to celebrate, network, and gain knowledge about the Midwest's commercial real estate market. RE Journals is part of Law Bulletin Media, a 163-year-old publishing organization that keeps a broad audience informed about the latest in the legal, tax, and real estate fields.

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Commercial Real Estate Hall of Fame: The Gilbert Group’s Bruce Gilbert

1 week ago | rejournals.com | Dan Rafter

Bruce GilbertFounderThe Gilbert GroupColumbus, OhioFor more than five decades, Bruce Gilbert has been a leader in the Columbus, Ohio, commercial real estate industry. How has he managed to thrive in such a competitive business for so long? Gilbert points to his ability to form long-lasting relationships with his clients, his devotion to earning the best results for these clients and his willingness to work the long hours necessary to succeed.
JLL report shows a Twin Cities industrial market that remains a resilient one

1 week ago | rejournals.com | Dan Rafter

The industrial vacancy rate in the Twin Cities market dropped to 4.3% as of the end of the first quarter. It’s yet another sign that the Minneapolis-St. Paul industrial market remains strong. In its first quarter Twin Cities industrial market report, JLL said that the Minneapolis-St. Paul area saw several large industrial leases in the first three months of the year.
The positives are there in JLL’s Chicago CBD office report. You just have to dig a bit to find them

1 week ago | rejournals.com | Dan Rafter

It’s easy to see the negatives when looking at the most recent downtown Chicago office report released this week from JLL. After all, JLL reports that the downtown Chicago office market closed the first quarter of the year with negative 86,906 square feet of net absorption, yet another three-month period during which the CBD saw negative absorption. But there is also hope in JLL’s report, though that requires a closer look at the numbers. Where is that hope? It requires a longer-term view.
The rising cost of borrowing? It means another quarter of higher cap rates in net-lease sector, according to The Boulder Group report

1 week ago | rejournals.com | Dan Rafter

In what has become a long-term trend, cap rates in the single-tenant net-lease sector continued to rise in the first three months of the year, marking the 12th consecutive quarter in which cap rates increased for this key commercial sector. That’s one of the big takeaways from the first quarter Net Lease Market Report released April 7 by The Boulder Group.
Ready for the boom: Southern Indiana taking the steps to become defense and aerospace manufacturing hub with new ACMI Properties project

2 weeks ago | rejournals.com | Dan Rafter

The Southern Indiana community of Bloomfield is poised to become a hub for defense, aerospace and advanced manufacturing thanks to a major project by ACMI Properties. Construction is set to begin on the National Security Industrial Hub in the second half of 2025 in Bloomfield, Indiana. The 1,100-acre site is positioned near the Naval Surface Warfare Center – Crane Division, the world’s third-largest naval installation.
No slowdown in the flight to quality: Class-A office buildings generating more leasing activity in suburban Chicago

2 weeks ago | rejournals.com | Dan Rafter

The flight to quality continues in the Chicago suburban office market, according to the latest research from JLL. JLL reported that the Chicago suburban office market saw negative 114,714 square feet of net absorption during the first quarter of the year. But not all classes performed equally. JLL reported that Class-A suburban office properties saw 50,961 square feet of positive net absorption during the first quarter.
Leasing activity surges in Chicago industrial market during first quarter

2 weeks ago | rejournals.com | Dan Rafter

Tenant demand for industrial space in the Chicago market jumped significantly in the first quarter of the year. That’s the good news from JLL‘s first quarter Chicago Industrial Insights report. According to JLL’s report, industrial leasing activity rose to 8.1 million square feet in the Chicago-area market in the first quarter of 2025. That’s up from 5.5 million square feet of industrial leases in this market in the fourth quarter of last year.
Commercial Real Estate Hall of Fame: Commercial Kentucky’s Brent Dolen

2 weeks ago | rejournals.com | Dan Rafter

Brent DolenSenior DirectorCushman & Wakefield|Commercial KentuckyLouisvilleAs a senior director specializing in office, retail and investment properties, Brent Dolen has completed more than 3.5 million square feet of sales and leasing transactions since joining Cushman & Wakefield|Commercial Kentucky in 2017. And these sales have made a big impact: They have generated nearly $288 million in transaction value.
New report: Madison’s multifamily market keeps chugging along

3 weeks ago | rejournals.com | Dan Rafter

Madison’s multifamily market remains a strong one, with monthly rents here continuing to rise, according to the latest research from Zumper. According to Zumper’s latest National Rent Report released on March 25, Madison ranked as the 31st most expensive apartment rental market in the United States in March. Zumper reported that the median rental price for a one-bedroom apartment in the Madison market stood at $1,550 in March.
Still steady in the Midwest: Yardi Matrix reports that multifamily rents continue to rise in the region

3 weeks ago | rejournals.com | Dan Rafter

Still steady. That’s the best way to describe the U.S. multifamily market, according to the latest research from Yardi Matrix. According to the latest National Multifamily Report from Yardi Matrix, the average advertised monthly asking rent for U.S. apartment units stood at $1,755 in March. That’s up $5 from February and an increase of 0.4% for the first quarter of the year, according to Yardi Matrix. U.S. advertised rents rose 0.3% on a month-over-month basis in March.