A drop in homes available for sale, rising prices and mortgage interest rates may have played a role in sales of existing homes finishing 2018 slightly above 2017. The Greater Northwest Indiana Association of Realtors reported sales of existing homes in the greater Region area totaled 10,849 in 2018, up 1.6 percent from 10,683 closed […]
Commercial Real Estate Boom Riding Rails of Hope, Hard Work
After the grinding slowdown from the recession, the wheels of this region’s commercial real estate industry are again rolling along The rusty adage of commercial real estate, “They only make so much land,” has tarnished the potential of Northwest Indiana, which has had a reputation of being a deserted island distanced from Chicago and the […]
Behind the Scenes of Construction
Understanding engineering protocol in local projects Admit it, you’ve driven past a new charter school or public library or professional building and wondered where it came from seemingly overnight. Or you’ve questioned the necessity for so many workers at a construction site when only a few of the hard hats are visibly in action. Or […]
School Construction Queue Continues to Grow
Northwest Indiana school systems rebuild and rebrand School construction is at a zenith in Northwest Indiana. Between expansion, renovation, and replacement, school construction projects are doing more than their share to keep the economy moving. Why? According to the state education department statistics, 23 percent of the state’s population is in a K-12 school. Indiana […]
Regional Development Projects
Add jobs during and after construction Prominence at Promenade After five years of planning, Drew Mitchell, vice president of development at Holladay Properties, is excited to see the $40 million investment in the Promenade at Founders Square in Portage begin to take shape. The residential /retail facility will circle three sides of Founders Square Park […]
Construction Careers
Retiring workers and a wealth of projects create excellent opportunities Industry leaders are striving to pound home the reality and benefits of a career in construction while riding the wave of change to ensure a trained and knowledgeable workforce is available for Northern Indiana projects. Kevin Comerford, director of professional development at the Construction Advancement […]
Assessing Supply and Demand
‘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 […]
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 […]
Building 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 […]
Optimistic Climate
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 […]
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