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>> HERE'S WHAT'S MAKING NEWS NOWAROUND INDIANA, BROUGHT TO YOUBY SMITHVILLE.A PROPOSED 1% FOOD AND BEVERAGE

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TAX IN MONROE COUNTY HAS GAINEDSOME ADDITIONAL SUPPORT.THE GREATER BLOOMINGTON CHAMBEROF COMMERCE SAYS IT IS BACKING

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THE TACK, WHICH WOULD BE USEDFOR THE EXPANSION OF THE MONROECONVENTION CENTER IN DOWNTOWNBLOOMINGTON.

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THE EVANSVILLE CITY COUNCIL HASAPPROVED A DOWNTOWN ECONOMICIMPROVEMENT DISTRICT.THE SOUTHWEST INDIANA CHAMBER'S

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DOWNTOWN ALLIANCE SAYS THEDISTRICT IS THE FIFTH OF ITSKIND IN THE STATE.A CAMPAIGN TO IMEAR GATHERT

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SUPPORT AND ENOUGH SIGNATURES TOLAUNCH ONE IN DOWNTOWNINDIANAPOLIS IS CURRENTLYUNDERWAY.

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THE FORT WAYNE CITY COUNCIL HASAIMREED TO BUY A 29-ACREPROPERTY ONCE THE SITE OF AMETAL RECYCLING FACILITY.

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THE DEAL FOR THE FORMEROMNISOURCE CORPORATION PROPERTYNOW KNOWN AS NORTH RIVER HASRECEIVED SUPPORT FROM MAYOR TOM

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HENRY AND GREATER FORT WAYNE,INC. WHO SAY IT WILL CREATEPRIVATE INVESTMENTOPPORTUNITIES.

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AND A VEHICLE MANUFACTURED ININDIANA HAS RECEIVED TOP MARKSFROM MOTOR TREND MAGAZINE.THE PUBLICATION HAS NAMED THE

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HONDA CR-V, PRODUCED AT HONDAMANUFACTURING OF INDIANA INGREENSBURG, AS ITS 2018 S.U.V.OF THE YEAR.

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WELL 2017 HAS BEEN AHISTORICALLY STRONG COMMERCIALREAL ESTATE MARKET IN INDIANA.WILL THE TREND CONTINUE IN 2018?

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FOR A LOOK BACK AND AHEAD, LET'SBRING IN CUSHMAN AND WAKEFIELDVICE PRESIDENT JASON TOLLIVER.JASON, AS ALWAYS, WELCOME TO THE

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PROGRAM.>> THANK YOU, GERRY.>> OKAY.2017.

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YOU KNOW, CONTINUED REALLY WHATHAS BEEN A HISTORICALLY STRONGPERIOD FOR COMMERCIAL REALESTATE.

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>> YEAH, REALLY YOU LOOK AT'16 AND '17, '17 THE STRONGESTTWO YEARS FOR INDIANA PROPERTIESON RECORD, REALLY DRIVEN BY

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STRONG FUNDAMENTALS ACROSS THEBOARD IN EVERY SEGMENT, AND ITHINK THE KEY TAKEAWAY FOR 2018IS EVERYTHING IS SHAPING UP TO

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BE ANOTHER STRONG YEAR, SO ITCOULD BE THREE BANNER YEARS IN AROW.>> GOOD FORECAST HEADING INTO

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2018.LET'S TALK ABOUT THE INDIVIDUALSEGMENTS.AS YOU LOOK AT THE OFFICE

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MARKET, DEMAND CONTINUES TO BEREALLY STRONG.>> ACROSS THE SIZE SPECTRUM.SO I THINK IN CENTRAL INDIANA,

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IT'S INCREASINGLY A TECH STORY,BUT PROBABLY THE STRONGESTPERFORMERS ACROSS THE STATE ARESOME OF YOUR SECONDARY OR

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TERTIARY MARKETS.FORT WAYNE IS DOING FANTASTIC,EVANSVILLE IS DOING FANTASTIC,STRONG GROWTH ACROSS THE

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SEGMENTS, SOME OF THE STRONGESTOFFICE MARKETS BEING SOME OF THESMALLER MARKETS.>> A GOOD STATEWIDE COVERAGE

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THERE.BACK TO THE WHOLE PIECE ON TECHIN CENTRAL INDIANA INPARTICULAR, SO MANY COMPANIES

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MOVING IN.IS THAT EXPECTED TO REALLY DRIVEDEMAND?>> THERE'S NO QUESTION IT WILL

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DRIVE DEMAND ON THE OFFICEMARKET AND THEN I THINK IN TERMSOF THE ABILITY TO ATTRACT THAT,I THINK INDIANA HAS ALL OF THE

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ATTRIBUTES, INDIANAPOLIS HAS ALLTHE ATTRIBUTES, THAT'S GOING TOMOVE THE NEEDLE.DOWNTOWN OFFICE MARKETS AS WELL,

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SUBURBAN OFFICE MARKETS, GREAT,GREAT STORY.>> AS YOU LOOK AT THE INDUSTRIALSEGMENT, SIMILAR STORY IS WE'RE

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SEEING GROWTH, YOU'RE SEEINGACTIVITY STATEWIDE, RIGHT?>> YOU WOULD BE REALLY HARDPRESSED TO FIND A MARKET WHERE

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THE INDUSTRIAL MARKET IS NOTSTRONG IN INDIANA, SAME HOLDSTRUE ACROSS THE COUNTRY.YOU'RE REALLY SEEING ADVANCED

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MANUFACTURING CREATE NEW JOBSAND TAKE DOWN SPACE ACROSS THESTATE, THEN OF COURSE LOGISTICSAND DISTRIBUTION, CORE ATTRIBUTE

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OF CENTRAL INDIANA CONTINUES TOPERFORM INCREDIBLY WELL.AND E COMMERCE IS A BIG REASONWHY.

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>> E COMMERCE WILL BE A DRIVER.>> NO QUESTION.I THINK AS WE LOOK FORWARD AMONGALL OF THE MARKETS IN THE

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AMERICAS, INDIANAPOLIS WILL BEONE OF THE TOP 10 MARKETS IN THENEXT 10 YEARS.>> SHOULD MENTION TENANTS --

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>> BIG, BIG GAP.TOWN SIDE IF YOU'RE A TEPANTIFROM A REALLY TIGHT MARKETIS THAT YOUR RENTS, WHEN THE

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LEASES ROLL, ARE GOING TO BE ALITTLE HIGHER SO THE KEY TAKEAWAY THERE IS MAKE SURE YOU PLANIN ADVANCE AND START THE

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NEGOTIATION PROCESS REALLYEARLY.>> LET'S GO TO RETAIL.GETTING A LOT OF ATTENTION.

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AND A LOT OF -- YOU KNOW,CHATTER OUT THERE SAYING RETAILIS DEAD.>> RETAIL IS DEAD, RETAIL

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APOCALYPSE.DON'T BELIEVE THE HYPE.IT'S NOT DEAD, IT'S JUSTDIFFERENT.

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YOU HAVE INDIVIDUAL RETAILERSTHAT CONTINUE TO STRUGGLE ANDCLOSE DOORS, THAT'S AS MUCHABOUT LEVERAGE AS KIND OF

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RETAILER DEMAND.I THINK IF YOU LOOK AT THEECONOMIC FUNDAMENTALSINGS YOU'REGOING TO SEE CONSUMER SPEND

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REEGLY STRONG.I SUSPECT WE'RE GOING TO HAVE ARAO REALLY STRONG HOLIDAYSPENDING SEASON WHEN THE NUMBERS

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ARE ALL COUNTED SO I THINKRETAIL IS GOING TO CONTINUE TOEXPAND ACROSS THE STATE FROM ACOMMERCIAL REAL ESTATE

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STANDPOINT, MUCH IMPROVED.>> LET'S LOOK AHEAD TO 2018.2017, '16 VERY GOOD, 2018?>> I THINK IN 2018, EVERYTHING

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IS IN LINE TO HAVE A REALLYGOLDILOCKS YEAR.I THENG YOU'RE GOING TO HAVESTRONG DEMAND, MAYBE NOT AS

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STRONG AS WHAT WE'VE SEEN THISYEAR BUT IT'S NOT GOING TOOVERPOWER THE AMOUNT OF SUPPLYTHAT COMES ON LINE BUT YOU'RE

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NOT GOING TO HAVE SUPPLY THATOVERWASHES THE MARKET SOEVERYTHING IS SET UP TO BEREALLY PERFECT IN 2018.

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YOU GET LONGER THAN THAT, IT CANBE DIFFICULT TO FORECAST BUT NOQUESTION 2018 IS ON TRACK.I THINK THE ONLY THING THAT

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DERAILS THAT IS SOME TYPE OFGEOPOLITICAL RISK BUT THERE'SREALLY NO WAY TO LEDGE AGAINST T