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Lafayette real estate company Coldwell Banker Commercial Shook announces 53-acre transaction
ACCESSWIRE via Baystreet.ca
Coldwell Banker Commercial Shook, a Lafayette real estate company, has negotiated the sale of a 53-acre industrial site with ET Pure Lafayette for its development of an assembly plant for GE Aviation Plant at Park 350 in Lafayette, Indiana. As a company spokesperson for the Lafayette Indiana real estate company noted, plans for the property include building a new 100 million dollar, 225,000-square-foot facility that will assemble the new LEAP engine of CFM International.
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Community banks are main source of REALTORS®' commercial financing in 2014
National Association of REALTORS®
During 2013, commercial real estate witnessed a noticeable reversal in capital availability. Following exceedingly stringent capital standards and overly tight liquidity in the wake of the 2008 recession ...

Member only content. For information on becoming a member of the Indiana Commercial Board of REALTORS® click here.

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US construction spending weaker than expected in September
Reuters
U.S. construction spending fell for a second straight month in September as investment in both private and public projects declined, suggesting the third-quarter growth estimate could be revised lower. Construction spending dropped 0.4 percent to an annual rate of $950.9 billion, the Commerce Department said recently.
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The funding power of the crowd
National Association of REALTORS®
Online debt and equity investing — also known as crowdfunding — is coming to the world of commercial real estate ...

Member only content. For information on becoming a member of the Indiana Commercial Board of REALTORS® click here.

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Bloomington redeveloping 15 acres near downtown
Indianapolis Business Journal
The city of Bloomington is embarking on its most ambitious redevelopment yet by seeking proposals for a mix of uses on 15 acres near its downtown. Proposals to redevelop the property between 10th and 11th streets and west of Morton Street near City Hall went out in early October and are due Dec. 10.
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Cassidy Turley: Economy continues robust growth
Inside Indiana Business
By most measures the economy is accelerating. Real GDP grew by a robust 4.6 percent in the second quarter as businesses restocked, and the forecast calls for GDP to continue to track around 3.2 percent with all of the components of GDP tracking at healthy rates. This will translate into a solid backdrop for the office market, akin to what has been observed over the past year and actually stronger growth than what people observed during the last real estate boom.
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US construction boom set to roll on
Sourceable
In its Construction Outlook report, Dodge Data & Analytics says that following a five percent increase this year, the overall value of construction spending which takes place throughout the U.S. will rise by nine percent in calendar 2015 as financing for projects becomes easier to obtain, investors shift to real estate as an asset class and more construction bond measures are passed. Leading the way will be the office, institutional, single-family housing, multi-family housing and public works sectors, in which spending is tipped to rise by 15, nine, 15, nine and five percent, respectively.
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Nonresidential construction employment slips, construction industry adds jobs in October
Contractor Magazine
The U.S. nonresidential construction market slipped in October, losing 1,900 jobs, and U.S. construction added 12,000 jobs, according to the Bureau of Labor Statistics’ preliminary estimate this month. September’s estimate was revised from 16,000 to 19,000 net new jobs. Even with the good news, Associated Builders and Contractors Chief Economist Anirban Basu said recent data regarding nonresidential construction activity has been “a bit disappointing.”
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Indiana Chamber lobbying for business personal property tax overhaul
CNHI News Service via The Herald Bulletin
With Indiana’s next legislative session set to kick off in just a few short months, the Indiana Chamber of Commerce recently laid out its legislative priority list during a luncheon at the Lerner Theater in Elkhart. According to Indiana Chamber President Kevin Brinegar, the upcoming legislative session is shaping up to be a long one, with some of the top tasks including crafting the two-year state budget and taking a look at a possible tax structure overhaul.
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Milhaus redeveloping Fletcher Place building for headquarters
Indianapolis Business Journal
One of the city’s most prolific apartment developers has bought a building in the burgeoning Fletcher Place neighborhood and is moving its office there. Milhaus Development LLC plans to spend $2.5 million to redevelop the former Shirley Engraving property at 460 Virginia Ave. The company expects to occupy the space by May.
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In Indiana, lower taxes have business booming
Quad-Cities Online
At a time when Illinois taxes have been escalating, Indiana’s have been dropping, and people and businesses have been moving from the Land of Lincoln to the Hoosier State. This is hardly a coincidence says Travis Brown, a St. Louis researcher who specializes in studying migration data.
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