Heartland Real Estate Business

FEB 2018

Heartland Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Midwest.

Issue link: https://heartlandrealestatebusiness.epubxp.com/i/935979

Contents of this Issue

Navigation

Page 4 of 32

4 • February 2018 • Heartland Real Estate Business www.REBusinessOnline.com P U B L I S H E R S ' N O T E Heartland Real Estate Business (ISSN 1542-8311) is published monthly by France Publications, Inc., d/b/a France Media, Inc. Editorial and advertising offices are located at Two Securities Centre, 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262, facsimile (404) 832-8260. E- mail: heartland@francemediainc.com. Periodicals postage paid at Atlanta, GA, and additional mailing offices. POSTMASTER: Send address changes to: Heartland Real Estate Business, P.O. Box 47065, Plymouth, MN 55447-0065. Heartland Real Estate Business is a registered trademark of France Pub- lications, Inc. Subscription rates: USA 1 year $65; 2 years: $112. Single copies are $10. For subscriber services, includ- ing change of address or subscriptions, please email HREB@kmpsgroup.com or call (800) 869-6882. ©2017 France Publications, Inc. For reprints or to photocopy articles, please contact Barbara Sherer, manager of spe- cial advertising at (404) 832-8262. The opinions and statements made by authors, contributors and advertis- ers to Heartland Real Estate Business are not necessarily those of the editors and publishers. FRANCE MEDIA, INC. EDITORIAL Jerry France .............................Chairman & CEO/Publisher Scott France ................................. President/Co-Publisher Michael Jacobs ............................... Chief Financial Officer Randall Shearin ....................... SVP, Editorial & Operations Matt Valley ........... Editor, Heartland Real Estate Business/ Editorial Director, Real Estate Regionals Kristin Hiller ............................................. Associate Editor John Nelson .............................................. Assistant Editor Taylor Williams...........................................Assistant Editor Julie Hunt ...............................................Graphic Designer Jaime Lackey ............................................Executive Editor Jeff Shaw ................................................Graphic Designer Nick Topolski ..........................................Graphic Designer ADVERTISING Scott France ..................................................Co-Publisher Barbara Sherer ............................................Media Advisor Barry Cohen .................................................Media Advisor CIRCULATION AND ADMINISTRATION Teresa Hennington .....................................Office Manager Vally Smith .........................................Circulation Assistant Jim Clark ................................................ Advertising Traffic INTERFACE CONFERENCE GROUP Richard Kelley .................................. Senior Vice President Alicia Lewis ...................................Conference Coordinator Heather James-Wyrick ...................Conference Coordinator Michael Jax ....................................... Conference Producer February 2018 • Volume 16, Issue 6 Mortgage bankers have ample rea- son to be optimistic about their busi- ness prospects in 2018. The U.S. econ- omy added 2.06 million jobs in 2017, the seventh consecutive year that job gains have totaled at least 2 million. The national unemployment rate fin- ished the year at 4.1 percent, a 17-year low. And the Dow closed above 26000 for the first time in its 121-year history on Jan. 17 of this year. Many companies have handed out bonuses following passage of the Tax Cuts and Jobs Act. American Airlines, Southwest Airlines, Bank of America and AT&T each have offered one-time payouts of $1,000. The bonuses will stimulate consumer spending, which makes up 70 percent of our economy. While financial intermediaries we spoke with for this month's front-page story express concern that rising inter- est rates could widen the gap between sellers' asking prices and bidders' of- fers, potentially slowing down deal volume, most believe they have the wind at their back. In a related Q&A, we analyze the state of hotel lending in the Midwest (page 20). This month's Market Highlights section (pages 12-16) includes cover- age of Chicago, St. Louis and Milwau- kee, where a new basketball arena is under construction for the Bucks. In case you missed it, our 4th annual Entertainment Experience Evolution conference Feb. 6-7 in California at- tracted more than 500 industry profes- sionals. Produced by Shopping Center Business and France Media, the event brought together retail real estate ex- ecutives, restaurateurs, designers, en- tertainment operators and futurists. What did we learn? The conver- gence of food halls and entertain- ment is gaining steam. Also creating a lot of buzz are interactive attractions in retail such as the 60,000-square- foot Crayola Experience at the Mall of America. The attraction features hands-on activities and live events. These trends show how retail contin- ues to evolve and adapt. Jerry France Publisher Scott France Co-Publisher IT'S A GOOD TIME TO BE A MORTGAGE BANKER An exorbitant tax assessment on his office complex put a huge dent in his day. He called APTC. An hour later he was relaxing with his baby. For over 20 years, APTC member law firms have handled client real estate portfolios from assessment review through the highest courts. Our members provide national representation with local experience all across the U.S. and Canada. Contact us at 1-844-227-0407 or www.APTCNET.com. Smart, Aggressive Property Tax Advocacy Professional Model

Articles in this issue

Links on this page

Archives of this issue

view archives of Heartland Real Estate Business - FEB 2018