Todd Jensen

Online auctions are gaining traction in the Metro Detroit real estate market beyond just distressed properties. Colliers reports that these auctions are becoming increasingly popular for various types of properties, including residential, commercial, and industrial. The shift to online platforms offers greater convenience and efficiency for both buyers and sellers, allowing for broader participation and faster transactions. This trend reflects a growing acceptance of digital platforms in the real estate industry, presenting new opportunities for investors and property owners in the Metro Detroit area. Read more here: https://bit.ly/3KsmdmR. 

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👀Illinois Ends Fiscal Year With $5B Cash On Hand 👀 Illinois has entered the new fiscal year with nearly $5 billion in cash on hand, providing a substantial financial cushion. The prior year’s revenues exceeded projections by about $123 million, allowing the state to end fiscal year 2024 with a robust balance. Key highlights: •$4.7 billion cash on hand, about 9% of the allocated spending for FY25. •A record $2.1 billion in the state’s “rainy day” fund. •Over $558 million in interest income generated in FY24, a 53% increase from the previous year. •Nine credit rating upgrades since Governor JB Pritzker took office, eliminating bill backlogs and achieving six balanced budgets. Comptroller Susana Mendoza highlighted that the high cash balance will enable pre-payment of required monthly pension payments, aiding the stability of pension funds. Governor Pritzker emphasized the state’s fiscal responsibility, noting the nine credit upgrades and disciplined management that prioritizes serving taxpayers and helping working families. This financial strength offers a cushion for the upcoming fiscal year, ensuring timely payments to vendors and driving investment revenue. What are your thoughts on Illinois’ fiscal management and its impact on the state’s future? https://lnkd.in/gwZFYsRQ #Illinois #FiscalResponsibility #Budgeting #StateFinance #Investment #CreditRating #PublicPolicy

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3 unit brick building in the heart of lakeview ( near wrigleyfield )

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*Featured Listing* Rock Island, IL CBRE is pleased to present an exclusive listing for the New Dollar Tree (Fresh 10-Year Lease) located at 3100 11th Street in Rock Island Illinois. The site consists of 13,905 total square feet of building space and sits on ±1.53 acres of land. Dollar Tree recently signed a new 10-year lease for the subject property. Dollar Tree is an investment-grade rated tenant with an S&P rating of BBB. The Dollar Tree lease will call for $0.50 psf rental escalations every five years throughout the 10 initial Base Term and three (3) five-year renewal option periods extending the total possible lease term to 25 years. The subject property benefits from being located at a strong signalized intersection surrounded by both national and local tenants. Nearby retail tenancy includes McDonald’s, O’Reilly Auto Parts, United States Postal Service, Dollar General, Conoco, and Shell. #commercialrealestate #retailinvestment #cbre #retail #retailproperty #RockIsland #Illinois #retailinvestmentbroker #brokerlife #orlando #cretrends #CRE #foryou #featuredlisting #realestate #CRE #realestate #investment #investmentopportunity #selling #forsale #sell #buy #commercialproperty #DollarTree

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https://lnkd.in/gBX2vty6 📣 Detroit's real estate market is on FIRE! 🔥  (but beware of zip code pitfalls!) Our latest podcast 🎙 episode on "Affordable Housing & Real Estate Investing" with Stuart Hicks will equip you with the knowledge to find profitable properties in the city's hottest neighborhoods. We reveal the WEST SIDE winners (including the #1 zip code, 48221!), hidden gems on the EAST SIDE (like 48224 and growing suburbs). Join Stuart as he reveals the areas with low crime, high rental income, soaring property values, and zip codes to absolutely AVOID. Learn from a local expert to avoid costly mistakes and invest like a pro! Please subscribe to our "Affordable Housing & REI" Podcast to continue getting MASSIVE VALUE as we covered: • Identify prime zip codes for real estate investment in Detroit • Understand the nuances of investing in specific zip codes and how to navigate dozens of housing authorities! • Learn how to screen tenants and how to PREVENT issues at your rentals from squatters (and how to solve the problem if you got them) • Gain insights into identifying low-crime neighborhoods and avoiding risky areas DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM. All investments have risks. This is not an offer to purchase securities. Please consult with your own financial advisors, attorneys, or insurance representatives before making any decisions. #detroitrealestate #detroitinvesting #detroitproperty #rentalproperty #realestatetips #realestateinvestor #investor #profitableproperty #zipcodes #michiganrealestate #investingtips #avoidmistakes #safeneighborhoods #detroitliving #highdemand #lowcrime #growth

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When it comes to selling your house in Metro Detroit , there are many factors to consider. One of the most significant factors that can make it difficult to sell a house is outdated design elements. https://lnkd.in/gysQHUWQ

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NEW LISTING Walker & Dunlop Investment Sales, LLC’s Midwest Team (“WDIS”), as exclusive advisor, is pleased to present Trowbridge Flats, located in downtown Grand Rapids, MI. Built in 2017, Trowbridge Flats is a high-quality urban infill asset consisting of 67-spacious residential units that are 30% larger than its competitive set. This asset is strategically positioned in a high growth neighborhood and its acquisition represents phenomenal Core+/Light Value Add strategy.    This is a highly sought after location in the Belknap neighborhood of downtown Grand Rapids and walking distance to the Eds & Meds mecca of the market known as the ‘Medical Mile’. The Medical Mile is one of the state’s largest medical corridors with nearly 3M SF of medical, research, and higher education, anchored by Corewell Health, Michigan State University Medical Research Center, Van Andel Institute, Perrigo North American HQ, and Grand Valley Sate University. Corewell Health, the state’s largest medical system with over 60,000 employees, is currently constructing a new 8-story, 300,000 SF HQ, which will house 1,500+ employees, as well as an 11-story, 240,000 SF state-of-the-art Ambulatory Care Center, both of which are within walking distance of Trowbridge Flats. With a dynamic and high-growth landscape of the Medical Mile and downtown Grand Rapids, Trowbridge Flats stands out as a unique residence as it provides spacious units with a neighborhood feel in the heart of downtown.    Grand Rapids is ranked the 5th Most Competitive Rental Market in the U.S. (RentCafe), with current market occupancy of north of 95%, 6 Prospective Renters per available unit, and a 76% lease renewal rate. Trowbridge Flats is currently 100% occupied, with rents 34% below the average of its competitive set. New ownership has the opportunity to capture a significant gap in leasing while also implementing a light value add strategy. WDIS has identified multiple revenue enhancement and expense optimization avenues at the asset.   New ownership also has the opportunity to assume the existing Fannie Mae loan with 4.10% interest rate and over 10 years of term remaining. Additionally, the asset benefits from over $600,000 of Brownfield TIF reimbursable proceeds, which will abate new ownership’s property tax liability in the near term. Reach out to a team member to discuss further or schedule a tour. Matt Jones Todd StoffletSteve LaMotte, Jr. Dane Wilson Ross Wettersten Andy DiBlasi Walker & Dunlop

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Strathmore Real Estate Group Helps Deliver Another National Credit Tenant to Central Michigan - Celebrating Trader Joe's Grand Opening in Meridian Township, Michigan As reported in the Lansing State Journal, the Lansing area has been pining for a Trader Joe's for at least 15 years, since Brenda Resch started "Bring Trader Joe's to Lansing, MI," a FB group aimed at catching the California-based company's attention. Today the group, now entitled "Trader Joe's in East Lansing, MI," is 17,000 members strong as the specialty grocer prepares to open its first Lansing-area store. Strathmore Real Estate Group was charged with acquiring the land, demolishing and preparing the site, and securing all necessary entitlements from Meridian Township, Ingham County, and the State of Michigan – including extraordinary variances due to parking and signage – enabling the California-based specialty grocer to proceed with construction of this new location. Strathmore Real Estate Group acquired a strip mall and restaurant, facilitated the relocation of the remaining tenants, and demolished over 2 acres off East Grand River Avenue to accommodate this site. In late 2021, the Meridian Township Zoning Board of Appeals approved a variance allowing for the creation of a store parking lot with 115 spaces. It was more parking than the township's ordinance allowed "and I expect they will use all of it this weekend," Hendrickson said. "I sat on the Zoning Board for that request and we granted their request, knowing how popular this store would be." After securing the necessary variances from Meridian Township, Strathmore's project was delayed for a short period to acquire additional land from a Lansing-based marijuana company. At the time, the Lansing-based marijuana company was mired in a complex state bankruptcy proceeding. The project was finally able to move forward after the property sale was approved by Ingham County Circuit Court Judge Draganchuk in an August 23, 2023 Order allowing Strathmore to complete the land sale to Trader Joe's.  The new store, located at 2755 E. Grand River Ave. directly across from Whole Foods, will open at 9 a.m. Friday after hosting a brief ribbon-cutting ceremony. Strathmore Real Estate Group continues to successfully originate, entitle, develop, and construct exciting retail concepts throughout the United States. In an evolving market and regulatory landscape, Strathmore's real estate professionals continue to achieve extraordinary results. For more information on how Strathmore Real Estate Group can help you source new sites or reposition outdated locations, please contact Terry Benton at terryb@c-devco.com. https://lnkd.in/ePcZpM_W

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Recently, a client asked me, “Who is buying up all the homes in Northwest Ohio?” I totally get where this person is coming from. While some markets around the country have seen stagnating prices, demand is still strong in the Toledo area. Why is this, and who really is buying up all our houses? In my opinion, there are four main groups driving buyer demand. To learn more about who they are and what this means for you, check out this video. Learn more: https://lnkd.in/dPB-H7ie

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This is what we have been talking about in our @Real Estate Rap Podcast. How does it get addressed? https://lnkd.in/gV9D4kwx

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ADU’s are the right thing to do in Chicago. Please consider signing this petition from Chicago Cityscape today. Here are just some examples of why you should! ADUs (Accessory Dwelling Units) are a win-win for homeowners and communities. All-electric and accessible: Perfect for seniors who want to age in place comfortably and safely. Imagine grandma using a modern, zero-emission ADU with grab bars and wider doorways. Multigenerational living: Keeps families close while providing caregivers with convenient living space. ADUs are perfect for that college student back home or a live-in caregiver. Income potential: Generates rental income to help offset housing costs. Thinking about downsizing but worried about finances? An ADU can help. Attainable housing: Makes single-family homes more affordable for a wider range of buyers. Multigenerational families can stay together under one roof – without breaking the bank. Sustainable communities: Provides housing options that meet the needs of a growing aging population. Support your community by creating a flexible living space.

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Another #industrialrealestate #saleleaseback from STREAM Capital Partners, LLC. Give us a call or send us an email and we can help you understand how to free up capital from your corporate-owned real estate.

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Q1 Chicagoland industrial report out now- •Tenant demand was consistent with the previous quarter, measuring 7.4 million s.f. Demand was most prevalent in the 100-150,000 s.f. size range as 12 lease were signed. These leases comprised half of the overall volume completed in that size range, in 2023. •Although market conditions have weakened, Chicago is poised for a strong finish to the year due to the limited amount of new speculative developments underway, coupled with an increase in tenant inquiries that could absorb a major portion of the remaining big box speculative product. Full report here: https://lnkd.in/gGQsKq3e

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The "flight to quality" is real. Several West Loop trophy properties (110 N. Wacker, 150 N. Riverside, 444 W Lake) are nearly 100% leased... which begs the question, do we need more of that product? There is availability at trophies including Salesforce, BMO and 300 N. LaSalle. But would a site like Buck's at Madison and Des Plaines or the Crown/Tishman at Washington and Franklin work? Current market conditions say no but how long will it be before the largest "trophy tenants" need more space?

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