CAPRE’s Commercial Real Estate Headlines for March 13, 2020: Inland Bank and Trust Closes $10 Million Industrial Loan with Logistics Property

Check out the latest deals and developments in commercial real estate for March 13, 2020: Inland Bank and Trust Closes $10 Million Industrial Loan with Logistics Property: Inland Bank and Trust and Logistics Property Company, LLC are pleased to announce the closing of a $10,000,000 construction loan for the development of LPC’s 3711 South Ashland Avenue logistics center. The project, situated at the northeast corner of Ashland Avenue and 38th Street in Chicago’s McKinley Park neighborhood, is a 137,992-square-foot class leading speculative logistics building. Chris Metcalf, Senior Vice President – Head of Commercial Lending with Inland Bank, originated the loan. 3711 South Ashland, when completed in late summer 2020, will feature 32-foot clear height, 28 exterior loading docks, two drive-in doors and 138 automobile parking spaces. The building can also be subdivided to accommodate up to three tenants. U.S. Home Flipping Increases To Eight-Year High In 2019 While Returns Drop To Eight-Year Low: ATTOM Data Solutions, curator of the nation's premier property database and first property data provider of Data-as-a-Service (DaaS), today released its year-end 2019 U.S. Home Flipping Report, which shows that 245,864 single family homes and condos in the United States were flipped in 2019, up 2 percent from 2018 to the highest point since 2006. The number of homes flipped in 2019 represented 6.2 percent of all home sales in the nation during the year, an 8-year high. That was up from 5.8 percent of all home…