Speculative industrial development poised to satisfy increasing market demand
May 10, 2013 Not quite sure if this is a good time to invest? A quick review of several key market indicators seems to make the conclusion clear. Read more...
Archive | CIP Column
Internal conflict: Maybe or maybe not
March 29, 2013 As the economy continues to strengthen and business strives to carry on as usual, real estate professionals across the state are increasingly facing a dilemma. What do you do when a client’s requirement may be better served by looking to the grass that may in fact be greener on the other side of the state line? Read more...
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Selling your development to your lender
February 22, 2013 For the first time in years, the Chicago industrial market’s vacancy rate is less than 10 percent. Chicago’s more than 1 billion-square-foot industrial market contains high velocity distribution space, old fashioned warehouse, manufacturing buildings, laboratories and many other types of uses. Read more...
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O’Hare market on the brink of change
February 08, 2013 Chicago’s O’Hare industrial submarket, a 140 million-square-foot giant long favored by a range of industrial users and air cargo distributors, has certainly weathered its fair share of this country’s economic crisis. Concentrated throughout the towns surrounding O’Hare Airport – Elk Grove Village, Des Plaines, Bensenville, Mt. Prospect, Wood Dale and Itasca – vacancy has hovered around its all-time high of 12.75 percent for most of 2009 and 2010, well above the glory days of 2006 and 2007 when vacancy slipped below 6 percent. Read more...
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Site selection issues become key drivers
February 01, 2013 As business owners look for every competitive advantage, site selection has become a key driver for evaluating critical cost decisions. What’s changing in the site selection process today is the mindset about how to help clients make those important decisions. Read more...
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The state of small business lending
January 25, 2013 The Small Business Administration recently finished its fiscal year, and it was a record year on most all accounts. During fiscal year 2012, more than $1 billion in SBA loans were approved for small businesses in the State of Illinois alone. This represents a substantial increase over 2011. Read more...
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Clarius Partners betting spec industrial building will be a success
November 20, 2012 Recently, Clarius Partners announced the construction of a 1,001,184-square-foot industrial facility in Clarius Park Joliet. While the economy is still reeling from the effects of the global recession of 2008 and an uncertain political future, this may seem like a contrarian bet on Chicago’s southwest primarily occupied by consumer goods distributors. However, there has been a major shift in local market dynamics that will propel this project to success. Read more...
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The future of real estate is driven by transportation
October 26, 2012 The Journal of Commerce held the Inland Port Logistics Conference in Chicago a few weeks ago. Consistent at various logistics conferences over the last 12 to 15 months is that a few “alarming” transportation statistics were shared and discussed. Read more...
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A real-life supply chain lesson from the publishing industry
October 19, 2012 If you were to ask people why America lost so many jobs to China the past decade or so, the vast majority would tell you wages. And they’d be wrong. Read more...
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Improving customer service via technology
September 07, 2012 For many years, the real estate management industry has garnered a reputation of being slow to implement new technologies. This has been especially true in the industrial real estate sector, where the property infrastructure is less complex than in the office sector, and ownership concentration is fragmented. Read more...
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