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Chicago Fed’s David Oppedahl describes economy as ‘the tortoise and the hare’ at AIRE and SIOR joint luncheon

May 26, 2016 David Oppedahl, a senior analyst with the Federal Reserve’s Chicago office, told more than 350 members of AIRE and SIOR that today’s economy is a classic example of the tortoise and the hare, performing at fits and starts in a variety of key categories. Read more...

Chicago Industrial Properties Comments (0)

Celebrating Memorial Day the right way: City forms local real estate association serving veterans

May 26, 2016 VAREP aims to provide a space where real estate and financial service professionals can share ideas, get education and be empowered to better serve the real estate needs of service members, veterans and their families. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal, News Comments (0)

Two Chicago industrial LEEDers appointed major SIOR national roles

May 26, 2016 Geoffrey Kasselman, executive managing director at Newmark Grubb Knight Frank's Chicago office, will soon be taking on another national industrial role. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal Comments (0)

RealtyTrac study: A gender gap exists when it comes to home values

May 26, 2016 Is owning a home more valuable depending on your gender? According to a new report from RealtyTrac, it might be. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, Minnesota Real Estate Journal, News Comments (0)

Owner that bought foreclosed Arlington Heights retail plaza seeks investor, REIT interest

May 25, 2016 A 138,585-square-foot retail shopping center comprised of 32 shops, a six-plex movie theater, and eight office spaces in Arlington Heights is now on the selling block. Read more...

Illinois Real Estate Journal, News Comments (0)

Former Motorola campus in Harvard, Illinois sells for $9.3M on Ten-X

May 25, 2016 The mixed-use Midwest Corporate Campus at 2001 North Division St., is made up of five manufacturing, distribution and office buildings on a 325-acre property. Read more...

Chicago Industrial Properties, News Comments (0)

Software company relocates along Michigan Avenue, nearly tripling its space

May 25, 2016 For the past three years, the firm has leased 6,709 square feet at 444 N. Michigan Avenue, but due to the firm’s rapid growth and need for additional space, Mediafly chose to relocate to the 20th floor of 150 N. Michigan Avenue, where it will nearly triple its space. Read more...

Illinois Real Estate Journal, News Comments (0)

Power Home Remodeling Group quadruples its Midwest headquarters within O’Hare submarket

May 25, 2016 he company, which specializes in exterior home remodeling, will relocate from its 7,000-square-foot Rosemont, Illinois space 9450 West Bryn Mawr in November. Read more...

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Advance Counseling Services leases 8,182 square feet of office space in Taylor, Michigan

May 25, 2016 The landlord, 20500 Professional Properties, LLC, leased the space to Advance Counseling Services, Inc., which offers comprehensive, cost-effective outpatient mental health and chemical dependency treatment. Read more...

Midwest Real Estate News, News Comments (0)

Opus starts construction on MC Machinery System’s new Elk Grove Village HQ

May 25, 2016 The company currently has operations in Wood Dale, Illinois, but needed to expand due to its growing workforce and need for additional space. The project is slated for December 2016 delivery. Read more...

Chicago Industrial Properties, News Comments (0)

Seniors housing is booming, and showing no signs of a slowdown

May 25, 2016 The seniors housing industry has never been stronger, at least according to a new survey that reports a record number of transactions and nearly $20 billion in institutional sales in this commercial real estate segment. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News Comments (0)

JLL Property Income Trust buys Aurora Distribution Center for approximately $27 million

May 24, 2016 This is its second industrial acquisition in this market in the past six months, and the eighteenth property investment it has made in the industrial sector over the last three years. Read more...

Chicago Industrial Properties, News Comments (0)

Perkins Manufacturing continues to expand, leases 75,000 square feet of industrial space in Bolingbrook

May 24, 2016 This marks the third move for Perkin’s in the last nine years due to continued growth of the company. Perkins expanded out of a 14,000-square-foot facility at 423 E. Elm Avenue in LaGrange, Illinois. Read more...

Chicago Industrial Properties, News Comments (0)

Kraus-Anderson’s commitment to safety earns the firm Governor’s Safety Award

May 24, 2016 Kraus-Anderson has one of the best safety records in the construction industry, the firm said--a performance that for 25 consecutive years has earned the company the Governor’s Safety Award. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News Comments (0)

Milwaukee office of CBRE hires retail specialist

May 24, 2016 Devin Tessmer has joined the Milwaukee office of CBRE as an associate in the company's retail group. Read more...

Midwest Real Estate News, News Comments (0)

Tom Silnes joins Busey Bank’s Indianapolis office as commercial real estate lender

May 24, 2016 Prior to serving as a relationship manager, Silnes was a technical review manager for PNC’s Real Estate Valuation Services group—managing a nationwide team of commercial review appraisers. Read more...

Midwest Real Estate News, News Comments (0)

Original Pancake House opening restaurant at former Hurricane Grill & Wings space inside Minneapolis plaza

May 23, 2016 The Original Pancake House will be opening a new 36,218-square-foot restaurant in Minnetonka, Minnesota at the 7-Hi Shopping Center. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News Comments (0)

AIRE turns the big 6-0: Chicago chapter announces how it plans to celebrate the major milestone

May 23, 2016 According to Prost, there are a number of ways AIRE will commemorate its 60th anniversary. A slightly modified logo has been created to highlight the milestone. Reflections of the industry’s rich and colorful history as well as perspectives on the future of the industry are being planned Read more...

Chicago Industrial Properties, News Comments (0)

Transwestern brokers 248,545 square feet in industrial leases in Waukegan, Illinois

May 23, 2016 Horizons Window Fashions, a manufacturer of specialty, customized and innovative window fashions, executed a long-term lease for 128,296 square feet at two adjacent properties in the Amhurst Lakes Business Center. Read more...

Chicago Industrial Properties, News Comments (0)

NAI Hiffman completes two leases in I-55 Corridor totaling 267,885 square feet

May 23, 2016 NAI Hiffman represented Sun Life Assurance Company of Canada recently in a 259,744-square-foot lease renewal with WestRock Converting Company at 365 Crossing Rd. in Bolingbrook, Illinois. Read more...

Chicago Industrial Properties, News Comments (0)

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