The Commercial Leading Indicator for Brokerage Activity, a forward-looking index for the nation’s commercial real estate market, recorded its ninth consecutive improvement in the second quarter, according to the National Association of Realtors. The index rose 0.5 percent to 120.7 in the second quarter, the highest on record for the index, which dates back to 1990. "Despite some signs of slower overall economic expansion, the rise in the index means net absorption of space in the industrial and office sectors is likely to expand over the next six to nine months," said Lawrence Yun, senior economist for the National Association of Realtors. "In addition, an improvement in returns on investment implies healthy rent increases for commercial property owners."
Manpower Inc. has hired Milwaukee-based C.H. Coakley & Co. to provide moving services for Manpower’s move from Glendale and Brookfield to downtown Milwaukee. "The Manpower move represents one of the largest commercial relocations in Milwaukee’s history," said Mike Coakley, C.H. Coakley’s vice president. "We will have a tremendous amount of manpower working to ensure an efficient, cost-effective and successful move."
Marcus Hotels and Resorts, a division of Milwaukee-based The Marcus Corp. has been selected by Pedcor City Center Development Co. to manage a 120 to 140-room luxury boutique hotel that is part of the Carmel City Center development in Carmel, Ind., an Indianapolis suburb. In addition, Marcus will provide technical development and pre-opening services.
