Cresa Minneapolis promotes Corey Ruff to senior advisor


Corey Ruff

Corey Ruff

Cresa Minneapolis, Inc. announced that Corey Ruff has been promoted to senior advisor.

Ruff joined Cresa in 2011 and has a particular expertise with healthcare facility projects. He focuses on developing Cresa’s healthcare market practice, and will continue to do so in his new role as a senior advisor.

Ruff has additionally completed the certification programs and rigorous assessments to become both a Certified Healthcare Constructor (CHC) and a Certified Healthcare Facility Manager (CHFM), achievements critical to his work with healthcare projects.



Source: mnStories

Duke Realty appoints Kevin Knue development manager in Indianapolis


Kevin Knue

Kevin Knue

Duke Realty announced that Kevin Knue has been named development manager of the firm’s Healthcare division after several years working on some of the company’s most prestigious industrial and healthcare developments.

In his new role, Knue will help Duke Realty’s healthcare team secure new development opportunities, as well as manage all stages of existing client projects from conception to completion.

Knue, who joined Duke Realty in 2006, was most recently preconstruction manager, leading a wide variety of new industrial and healthcare development projects. This included the 730,000-square-foot Reid Health hospital in Richmond, Indiana; 274,000-square-foot Fifth Third Bank Building (Eskenazi Health) in Indianapolis; and 106,000-square-foot James A. Haley Veterans’ Hospital Primary Care Annex in Tampa, Florida.

Knue earned a Master of Business Administration Degree from the Kelley School of Business at Indiana University and a Bachelor of Science in Mechanical Engineering at Rose-Hulman Institute of Technology.


Source: mnStories

Continuum Services names Ted Spicer new chief operating officer


Ted Spicer

Ted Spicer

Southfield-Michigan based Continuum Services has named Ted Spicer chief operating officer (COO).

As COO, Spicer will have a focus on corporate operations, strategic planning, sales leadership and employee development/retention. He will also oversee corporate client services, including client development, management and satisfaction.

Spicer joins the organization with 20 years of experience in business development and integrated facilities and operations management.

He most recently served as executive vice president/regional account executive for Jones Lang LaSalle (JLL) Americas Inc., where he managed their health care and life sciences platforms across 10 states.

Immediately prior to joining JLL, Spicer served in leadership roles at Pfizer Global Operations, Earth Tech Corporation, Flowserve FSD Corporation and General Physics Corporation.

Spicer will report to Dale L. Watchowski, chairman and CEO, Continuum Services. Watchowski also serves as president and CEO of REDICO.


Source: mnStories

Colliers assists in sale of Waterfront Office Park in Indianapolis


Colliers International closed the sale of a 201,276-square-foot, Class B+ office park located in the West submarket of Indianapolis. Waterfront Office Park, 2611-2780 Waterfront Parkway E Dr., is consists of four buildings.

Colliers Indianapolis | Capital Markets division lead by Alex Cantu and office brokers Rich Forslund and Matt Langfeldt, marketed the property on behalf of the seller, New Boston Fund. An undisclosed buyer purchased the asset.


Source: mnStories

ABODO report: Detroit sees fifth-highest jump in apartment rents in September

detroit-apartmentThe average rent for a one-bedroom apartment jumped 6 percent in Detroit from August to September of this year. This gave Detroit the fifth-biggest one-bedroom rent jump during this time in the country, according to the latest rent report from ABODO.

The average rent for a one-bedroom apartment in Detroit stood at $572 in August. But in September, that figure jumped to $606.

Miami, Florida, saw the biggest increase from August to September, according to ABODO, a rise of 9 percent. One-bedroom rents here rose from an average of $1,599 to $1,739.

Other cities seeing bigger rent increases than Detroit were Bakersfield, California (9 percent); Philadelphia (7 percent); and Fresno, California (6 percent).

Other Midwest cities seeing big monthly rent jumps were Minneapolis (4 percent), Memphis (3 percent) and St. Louis (2 percent).

Of course, not all Midwest cities saw average apartment rents increase from August to September. According to ABODO, the average one-bedroom rent in Chicago fell 6 percent, while it fell by the same amount of Lexington.

Source: mnStories