Archive | News

Office complex 1k Fulton set to sell for $350 million

June 29, 2016 After being on the market for nearly five months, Google's 531,194-square-foot Midwest headquarters building in Chicago's Fulton Market neighborhood is reportedly selling for $305 million. Read more...

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

Fulcrum Asset Advisors acquires three buildings within suburban office park

June 29, 2016 Fulcrum Asset Advisors completed its acquisition of three properties within the Parkway North Complex in Deerfield, totaling 484,328 square feet. Read more...

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Columbia College Chicago selling vacant Johnson Publishing building in Chicago’s South Loop

June 29, 2016 The building was originally constructed in 1972 but has remained vacant since 2012, when the company moved out. Columbia College acquired the property in 2010 with plans to relocate its library there from 624 S. Michigan Avenue and later to convert it into a student center. Read more...

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Publicis and Winston & Strawn LLP extend leases at Leo Burnett Building

June 29, 2016 CBRE represented the owner of 35 W. Wacker Drive, an investor account advised by the U.S. real estate business of UBS Asset Management, in the negotiation and extension of leases for Publicis and law firm Winston & Strawn LLP, which total 899,815 square feet, collectively. Read more...

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Niche 905 apartment tower in Chicago’s River North neighborhood gets topped off

June 29, 2016 Ascend and Intercontinental Real Estate Corp. celebrated the milestone at a June 23 ceremony, where they were joined by representatives from FitzGerald Associates Architects, the project’s design architect; Power Construction, general contractor; and other members of the development and construction team. Read more...

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New Walmart Supercenter opens up in Carpentersville

June 29, 2016 The building has a full grocery department, outside garden center, and adjacent Fuel Center. Read more...

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Athletico moving to former Car-x Auto Service facility in Round Lake Beach

June 29, 2016 Athletico has signed a 4,000-square-foot long-term lease at 192 Rollins Road in Chicago's northwest suburb of Round Lake Beach. Read more...

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Avison Young to market new 8.5-acre Amberley Woods development in Lake Forest

June 29, 2016 The 8.5-acre site on the southeast corner of Saunders Road and Rt. 60 was purchased recently by a joint between Lake Forest-based Smith Capital Management, Inc. and Northbrook-based Middleton Partners. Read more...

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Seneca Condo selected as managing agent for 4 East Elm in Chicago

June 29, 2016 Chicago-based Convexity Properties has awarded SenecaCondo, a division of Seneca Real Estate Group, the contract to act as managing agent for 4 East Elm in Chicago. Read more...

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Evergreen invests $13.3M in acquisition and renovation of two Chicago affordable housing communities

June 29, 2016 Over the next 12 months, Evergreen plans to renovate both properties – a 45-unit building at 1420 W. Farwell Ave. and 40-unit building at 1345 W. Jarvis Ave. Read more...

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Cushman & Wakefield: Cool matters for retailers

June 29, 2016 How cool are the streets running through your neighborhood? If you live or do business from Minneapolis' North Loop neighborhood, those streets might be very cool -- or hip, if you prefer -- indeed. Cushman & Wakefield recently released its Cool Streets of North America report. The report looks behind the rise of the dozens of new edgy retail districts across the United States and Canada. Many of the neighborhoods featured in the report have long been known as cool. But others, like the North Loop neighborhood, are relative newcomers to the world of cool. Read more...

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

Mortenson Construction announces new team members to its Milwaukee office

June 28, 2016 Mortenson Construction is pleased to announce the additions of Dain Anderson, Greg Collins, Ashley Frank, Chris Hernandez, Kevin Ingalls, Jon Mortag, Bill Overton, Mary Ellen Resch, Ashley Schmelzer, and Savannah Wehinger to its Milwaukee operations. Read more...

Midwest Real Estate News, News Comments (0)

Colliers International | Indianapolis announces two new associates

June 28, 2016 The Colliers International | Indianapolis office has announced that Aaron Snoddy has joined as an associate specializing in office advisory an Andrew Demaree has joined as an associate specializing in retail advisory. Read more...

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Airport Commerce Center in Omaha, Nebraska sells for $3.25 million

June 28, 2016 Investors Realty, Inc. has brokered the $3.25 million sale of the Airport Commerce Center in Omaha, Nebraska. Read more...

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Sansone Group announces two retail transactions in Missouri

June 28, 2016 Sansone announced the sale of 1.2 acres of retail space at 1615 Jungermann Road in St. Peters, Missouri. Read more...

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Berkadia closes $10 million for two Minnesota apartment properties

June 28, 2016 The buyer was Golden Sun Preservation, LLC, an entity controlled by the Minneapolis-based non-profit group AEON. The properties were 100 percent occupied at the time of sale. Read more...

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Tech startup to get office build-out and expansion at Civic Opera Building

June 28, 2016 TechNexus, a startup incubator and collaborative ecosystem for Chicago’s technology and business leaders, hired J.C. Anderson, Inc. to complete a 9,000-square-foot expansion and renovation to their Chicago office space on the 12th floor of the building. Read more...

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RJW Transportation extends and expands lease to 231,250 square feet in Woodridge, Illinois

June 28, 2016 San Francisco-based real estate investment and development firm, Bristol Group, Inc., recently signed a seven-year lease extension and expansion at its Wood Hill Crossing Business Park in Woodridge, Illinois, with RJW Transportation, Inc. Read more...

Chicago Industrial Properties, News Comments (0)

Ridge Brewster Creek of Bartlett lands automotive part distributor as first major tenant

June 28, 2016 The completed 135,600-square-foot lease was signed to an automotive part distributor at Ridge Brewster Creek that will be relocating from its current location in Hanover Park. The firm will take occupancy of its new space in October 2016. Read more...

Chicago Industrial Properties, News Comments (0)

Summit Design + Build completes renovation of new facility for Economic Packing

June 28, 2016 The building in the Crawford Industrial Park is home to Economy Packing’s new warehouse and distribution facility after the company sold four buildings in the Fulton Market meatpacking district last year. Read more...

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