HERE'S WHAT'S MAKING NEWS AROUNDINDIANA..THE PRESIDENT OFBLOOMINGTON-BASED COOK MEDICAL
SAYS CHANGES TO THE COMPANY'SORGANIZATIONAL STRUCTURE WILLDRIVE INNOVATION AND CONTINUEDGROWTH. COOK IS RESTRUCTURING
FROM 10 BUSINESS UNITS TO TWODIVISIONS, BUT PETE YONKMANTELLS INSIDE INDIANA BUSINESSTHAT NO LAYOFFS WILL RESULT FROM
THE NEW STRUCTURE.EVANSVILLE-BASED VECTREN CORP.HAS ANNOUNCED PLANS FOR TWOMAJOR PROJECTS IN SOUTHWEST
INDIANA. THE UTILITY SAYS THEEFFORTS, WHICH INCLUDE A $900MILLION NATURAL GAS-FIREDGENERATION PLANT, WILL REDUCE
ITS CARBON EMISSIONS BY 60PERCENT OVER 2005 LEVELS.THE PRESIDENT OF WHITE COUNTYECONOMIC DEVELOPMENT
ORGANIZATION INC. SAYS"EVERYTHING IS ON THE MOVE" INTERMS OF BUSINESS PROGRESS INTHE NORTHWEST INDIANA COUNTY.
WHITE COUNTY FARMERS PRODUCEMORE POPCORN THAN ANY OTHERCOUNTY IN THE STATE AND RANDYMITCHELL SAYS THE WHITE COUNTY
ECONOMY IS BOLSTERED BY AMANUFACTURING PRESENCE THAT ISTIED TO ONE-THIRD OF ALL JOBSTHERE.
AND THE PRESIDENT OF THEKOSCIUSKO COUNTY ECONOMICDEVELOPMENT CORP. IS RETIRING.GEORGE ROBERTSON, WHO BECAME THE
ORGANIZATION'S FIRST FULL-TIMELEADER IN 2010, WILL STEP DOWNAT THE END OF THE YEAR.WHILE THE INDUSTRIAL MARKET
REMAINS STRONG SOME WONDER IFRETAIL IS DEAD? CUSHMAN &WAKEFIELD'S JASON TOLLIVERRETURNS FOR HIS TAKE ON
STATEWIDE TRENDS IN COMMERCIALREAL ESTATE WELCOME BACK!>> THANK YOU, GERRY.>> FIRST OF ALL, I WANT TO
START, YOU'RE TALKING ABOUT ASTRONG MARKET, 2017, AND INTOTHE NEW YEAR, IN CENTRALINDIANA, BUT REALLY SEEING THAT
PERCOLATE AROUND THE STATE.>> YEAH, WE THOUGHT IT WOULD BEA PRETTY SOLID YEAR STATEWIDEAND 2017 SURPRISED ME.
WHAT BODES WELL FOR 2018 WE SAWLEASING ACCELERATE AS THE YEARWENT ON.COMMERCIAL REAL ESTATE AND
PROPERTY MARKETS GOT STRONGER,AND EARLY INDICATIONS, INTO 2018IS THAT THAT'S GOING TOCONTINUE.
>> LET'S LOOK AT SOME OF THESEGMENTS.THE OFFICE MARKET CONTINUES TODO WELL.
>> WE SEE GROWTH IN THE CENTRALBUSINESS DISTRICTS AS WELL ASSUBURBAN MARKETS.STRONG PERFORMANCE IN FORT
WAYNE, INDIANAPOLIS, EVANSVILLELOOKING STRONG.I THINK IT'S GOING TO CONTINUE.REALLY TIGHT MARKET CONDITIONS
IN MOST OF THOSE METROS, MAYSOFTEN A LITTLE BIT, REALLYPOSITIVE OUTLOOK.>> INDUSTRIAL, CENTRAL INDIANA
IN PARTICULAR, CONTINUES TO BE ADYNAMO.>> IT REALLY HAS.GROWTH ACROSS ALL SIZES AND
SECTORS.LOGISTICS, FOOD AND BEVERAGE,MANUFACTURING.WHAT IS MOST INTERESTING TO ME
LAST YEAR, OVER HALF OF THE NEWLEASING WE SAW IN CENTRALINDIANA WERE NEW TENANTSCHOOSING INDIANA.
THAT TELLS ME THAT THISPHENOMENAL GROWTH THAT WE KNOWWILL OCCUR WITH E-COMMERCE ISGOING TO LIFT INDIANA.
>> YOU REALLY SEE E-COMMERCE ASA POTENTIAL POSITIVE.>> ABSOLUTELY.ABSOLUTELY.
IT'S DRIVING HISTORIC LEVELS OFLEASING, AND WE'RE TRACKING NEWAND NEW TENANTS COMING IN.BOTH PURE ONLINE RETAILERS AS
WELL AS THIRD PARTY LOGISTICSFIRMS.INDIANA IS A GREAT PLACE TO BETO SERVICE MARKETS ON THE EAST
COAST AND ALSO GREATER CHICAGOAREA.>> ALL RIGHT, LET'S LOOK AT THERETAIL MARKET, A LOT OF CLOSURES
AND BANKRUPTCY THAT WE SAW IN2017.HOW -->> A LOT OF BLOOD IN THE
HEADLINES ON THE RETAIL SEGMENT.I WOULDN'T READ TOO MUCH INTHAT.RETAIL IS DEAD IS OVERBLOWN,
THERE'S STRONG BRIGHT SPOTS,STRONG LEASING IN CLASS A.MIXED USE DEVELOPMENTS AREFORMING PHENOMENALLY WELL.
CERTAINLY SECULAR STRESS IN THERETAIL SEGMENT, BUT NOTIMPACTING ALL LEVELS OF RETAIL.>> YOU ARE SEEING A CORRECTION
IN PARTICULAR IN RESTAURANTS.>> A LOT OF RESTAURANT GROWTH.60% OF LEASING HAS BEENRESTAURANT DRIVEN.
YOU'RE GOING TO SEE THAT SHAKEOUT IN 2018.NOT EVERYBODY IS GOING TO MAKEIT.
AGAIN, THAT'S LONG BEEN THESORRY IN RESTALE -- STORY INRETAIL.THAT DOESN'T MAKE WE CONCERNED
FOR RETAIL.>> OVERVIEW, AS YOU LOOK FOR THEREST OF 2018...>> IT COULD BE ANOTHER GOOD
YEAR.THE MARKET IS GOING TO PEAK IN2018, MAYBE SOFTEN IN 2019.NO INDICATION THAT THE BOTTOM IS
GOING TO FALL OUT.I THINK IT'S GOING TO REMAIN ALANDLORD FAVORABLE ENVIRONMENTWITH TENANTS PROBABLY GETTING
LEVERAGE IN 18 AND 19.