The Resilience of Rural Retail

The pandemic has had a traumatic effect on retail, causing a significant increase in bankruptcies, store closures, and property forfeitures. Miles away in the countryside, however, a different narrative is playing out. Retail in rural communities is comparatively thriving. Throughout the past decade, national chains have closed many of their stores located in smaller, agricultural …

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Shifting Demographics to Shape CRE

Millennials recently outnumbered Gen X and Baby Boomers as America’s largest generation. This kind of demographic shift has major implications for commercial real estate. Trends show that younger-age demographics want to settle down in suburban communities in order to escape city life. However, they are not the typical single-family home and mini-van suburbia that immediately …

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Retail Resurrection: The Adaptive Reuse of Malls

Throughout the past decade or so, e-commerce and changes in consumer-spending habits have created a retail apocalypse wherein a significant number of brick-and-mortar stores have closed their doors. The rate of said shut downs has only accelerated due to the coronavirus pandemic. With the closing of thousands of retail stores, including Sears, Macy’s, and J.C. …

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Meds & Eds: Old Buildings, New Ideas

Meds and Eds is a relatively new commercial real estate term used to describe the relocation of medical and educational facilities to non-traditional buildings. The healthcare industry is rapidly shifting. From Skype patient calls being the new norm, to healthcare facilities relocating to more populated areas, and hundreds of regional grocery stores closing their pharmacy …

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Why the Open-Air, Grocery Anchored Shopping Center May Thrive

The coronavirus has turned the world of CRE upside down. Nearly every sector has been disrupted (or stimulated, in the case of industrial) by the pandemic’s far-reaching effects. New trends are being put into place, consumer demands took a 90-degree turn, and new approaches to business are coming into the light. Everyone’s wondering what exactly …

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How COVID-19 will Impact Restaurant Real Estate

Nearly the entire world has been put on pause as a result of the COVID-19 pandemic. Industries and businesses all around the globe are giving their all to stay afloat during this difficult and constantly-shifting situation. With stay-home orders and quarantine the new norm, everyone from big corporations to small local businesses are feeling the …

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Thank you, Michiana!

Thank you, Michiana! In the midst of a pandemic crisis, companies across the country are pulling together to help their local communities and the nation as a whole. With collaboration, a strong entrepreneurial spirit and compassion, we are impressed with the number of businesses shifting manufacturing production to address the needs of our communities. From …

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Establishing a Great Work from Home Space

Establishing a Great Work from Home Space Like many other professionals around the globe, members of our office have started working from home. Personally, I have found that it can be a rewarding experience. It’s turned me into a production-machine, offering flexibility with few interruptions. Others tend to find this experience a bit daunting with …

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Northern Hospitality

Northern Hospitality Unforgettable hospitality is not just a southern thing. Find out why Dan Boecher, Cressy’s Community Development Director is excited about the direction the hospitality industry is taking in the Michiana area. How did you get into the hospitality industry? I started as a commercial lender and my largest loan portfolio was with a …

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Designations in Commercial Real Estate

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When it comes to trusting someone with one of your largest assets, commercial real estate, it is imperative to choose the best professionals and firm. Professional designations are much more than acronyms at the end of a name. These prestigious credentials showcase expertise and experience within the industry. Brokerage CCIM stands for Certified Commercial Investment …

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Giving Back

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Cressy Commercial Real Estate services not only include assisting our clients with their commercial real estate needs and goals, but it also means making community-minded decisions. Since 1948, we have operated with a higher purpose because of our civil and social responsibilities. Cressy Commercial Real Estate has aided in the growth of the Michiana region …

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