Category: Real Estate

Assessing Supply and Demand

THE LAKES OF VALPARAISO Designed and constructed by Garmong Construction
Services, the development will accommodate a wide variety of business sectors.

‘Confident’ market brings increased occupancy and higher lease rates.

by Heidi Prescott Wieneke

While vacant commercial buildings still dot the landscape in Northwest Indiana, plenty of heavy machinery and steel beams are creating new homes for expanding businesses.

Occupancy is up–in some instances way up from a few years ago. That means higher lease rates than commercial real estate brokers have seen in quite some …

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Posted in Current Issue, Fall 2016, Real Estate | Leave a comment

Strong Spring Market

The year is already off to a hot start for single-family home sales.

by Phil Britt

In the spring a young person’s fancy lightly turns to thoughts of residential real estate.

And young people, in particular the millennials who had largely been absent from the residential real estate market, will be driving what is expected to be another strong market in Northwest Indiana’s single-family home …

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Posted in Real Estate, Spring 2016 | Leave a comment

Building a Healthy Future

DRIVER OF ECONOMIC GROWTH Significant
movement in the construction industry suggests that the region is poised for a healthy future.

Region’s construction projects are a sign of economic health.

by Lauren Caggiano

The construction industry is one of the prime factors and drivers of economic growth. It is not an exaggeration to say that significant movement in the construction industry is an indicator of the economic health. And if the amount of new commercial construction projects in Northwest Indiana is any indication, the region is …

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Posted in Construction, Real Estate, Winter 2016 | Leave a comment

Optimistic Climate

MEDICAL SPACE IN MISHAWAKA Demand for various types of commercial space is on the rise across St. Joseph and Elkhart counties.

Demand is high and the region’s attributes are attractive.

by Jacqueline Von Ogden

The state of the development in Northwest and Northern Indiana has, of course, had its peaks and valleys within the last decade. Remember 2009? Most want to forget it. We took the time to speak with leading commercial realtors who not only identified the latest developments but also told of the possibilities …

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Posted in Business, Commercial Real Estate, Fall 2015, Real Estate | Leave a comment

Residential Real Estate Update

Prepare well for the most affordable mortgage options.

by Phil Britt

The Northwest Indiana housing market should be solid again in 2015, slightly ahead of the pace of a solid 2014, according to local experts. Most of the buying and selling of homes occurs in the spring and early summer, with real estate showings picking up significantly from Easter through Labor Day.

But even before …

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Posted in Business, News, Real Estate, Regional News, Spring 2015 | Leave a comment

Business is Building

FLYING HIGH Majority Builders was the contractor for an expansion at South Bend Regional Airport.

Construction industry is expecting a strong 2015.

by Phil Britt

Construction in Northwest Indiana is expected to continue to be strong in 2015, according to executives from major building companies in the area.

All have significant projects that are in various phases of completion and have strong orders on the books for 2015 and the beginning of 2016, they say, admitting that attempting to forecast …

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Posted in Business, Commercial Real Estate, Construction, Economic Development, Real Estate, Winter 2015 | Leave a comment

Real Estate Comeback

NEW DISTRIBUTION CENTER Dawn Foods is making a big investment at AmeriPlex at the Crossroads in Merrillville.

Commercial construction is on a roll.

by Heidi Prescott Wieneke

When Tim Healy started work for Holladay Properties in 2000, the South Bend-based company had nothing going on in Northwest Indiana. It was just him, a trailer and 386 acres of vacant land Holladay had purchased from Bethlehem Steel. Healy had his work cut out for him.

Holladay wanted this site to rival the strongest …

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Posted in Business, Commercial Real Estate, Construction, Fall 2014, Real Estate | Leave a comment

Technology and Flexibility

TRANSFORMED A $22 million renovation completely transformed a 55-year-old office structure into Indiana University South Bend’s new state-of-the-art Ernestine M. Raclin School of the Arts and Dental Education building.

Building projects reflect evolving needs and functions.

by Heidi Prescott Wieneke

A meeting room is not just a meeting room any more. Nor is a cafeteria just a cafeteria. And open space inside a building is not just empty square footage you go through to get from one place to another. From academia to banking to health care, businesses and contractors together are embracing technology, …

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Posted in Construction, Real Estate, Winter 2014 | Leave a comment

Technology and Flexibility

TRANSFORMED A $22 million renovation completely transformed a 55-year-old office
structure into Indiana University South Bend’s new state-of-the-art Ernestine M. Raclin
School of the Arts and Dental Education building.

Building projects reflect evolving needs and functions.

by Heidi Prescott Wieneke

A meeting room is not just a meeting room any more. Nor is a cafeteria just a cafeteria. And open space inside a building is not just empty square footage you go through to get from one place to another. From academia to banking to health care, businesses and contractors together are embracing technology, …

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Posted in Business, Construction, Real Estate, Winter 2014 | Leave a comment

Training for the Future

A NEW LEVEL Today’s construction training programs
include a stronger focus on energy efficiency.

Times are changing for the region’s construction workers.

by Jacqueline von Ogden

January 2014 marks the 50th anniversary of musician Bob Dylan’s well-known song “The Times They Are a-Changin.” And though the list of changes within the technological and automotive industries is large enough to be a novel within itself, it is a reminder that there is constant change. Businesses change. Industries change. Communities change. …

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Posted in Business, Construction, Fall 2013, Real Estate | Leave a comment