Archive | News

Avison Young hires pair of leasing specialists based in Chicago

July 29, 2016 Effective immediately, Slack and Donohoe become senior vice presidents in the firm’s Chicago office, where they will assist with landlord representation services in the Midwest and nationally. Read more...

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

The Habitat Company announces new VP and assistant general counsel

July 28, 2016 In her new role, Chacos will be involved in all legal aspects of Habitat’s acquisition, development and management services, and will provide various legal services to Habitat’s property portfolio. Read more...

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Chicago industrial leaders showcase strong market activity and current projects at CIP’s 2016 Development Day

July 28, 2016 Attendees got a chance to network and walk around as featured industrial developers, owners, brokers, municipalities and contractors showcased their business parks, build-to-suits, spec developments, industrial land, and products and services. Read more...

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

ESD promotes Kamil Yenice to senior vice president

July 28, 2016 Yenice has performed the responsibilities of technical authority for healthcare and high performance buildings. Read more...

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Entre Commercial Realty adds Jenn Mathis to oversee property management services

July 28, 2016 She has experience in client and tenant relations with industrial, office, medical office, and retail properties throughout the Chicagoland area. Read more...

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

Whole Foods’ distribution center to make a big impact on Chicago’s South Side, entire Midwest

July 28, 2016 Whole Foods this week began construction of a new Midwest distribution center that will bring more than 100 new jobs to the South Side of Chicago and help the company better serve its growing roster of stores throughout the Midwest. Read more...

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Three new tenants join Wisconsin’s first Portillo’s Hot Dogs in Brookfield

July 27, 2016 The new occupants join the popular Portillo’s Hot Dogs, which recently opened its first Wisconsin location, and Dick’s Sporting Goods, which is expected to open by August 5. Read more...

Midwest Real Estate News, News Comments (0)

Apartment building comprised of micro units near University of Minnesota sells for $9.4M

July 27, 2016 With the smallest studios sized at just 402 square feet, Coze Flats tested the waters for efficient “micro” apartments in the Minneapolis-St. Paul market when it opened in 2014. Read more...

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Capital One provides $33.6M term loan for Chicago-area MOB portfolio

July 27, 2016 A joint venture of Harrison Street Real Estate Capital and MedProperties Group purchased the properties. The commitment includes $26.8 million in initial funding, a $6 million tenant improvements/leasing commissions holdback, and a $750,000 capital expenditure holdback. Read more...

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Parking lot in Chicago’s Gold Coast neighborhood acquired for $16.6M for planned condo development

July 27, 2016 Chicago-based Lexington Homes purchased the property, located at 1022-28 N. Dearborn Parkway, from the Ruth Page Foundation for nearly $16.6 million, with plans to develop a 28-story luxury condominium tower on the site. Read more...

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Leasing begins at new Fulton River District apartment development, Kenect Chicago

July 27, 2016 Located at 504 and 505 North Green Street on the northwest corner of Milwaukee Avenue and Grand Avenue where they intersect with Halsted Street, Kenect Chicago is a new development consisting of 227 apartment units, 15,000 of street-level retail space and 97 parking spaces. Read more...

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Illinois Business and Economic Development Corporation rebrands, now known as Intersect Illinois

July 27, 2016 As part of its new identity, Intersect Illinois refreshed its website and directed it to a new url. A more robust website will be developed to better cater to the needs of businesses interested in growing in Illinois. Read more...

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Investor buys 18-acre parcel in Chicago’s north suburban market with plans to build business park

July 27, 2016 The land is located on the northeast corner of Peterson Road and Midlothian Road. The new business park will accommodate buildings ranging from 50,000 to 650,000 square feet. Read more...

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NAI Hiffman promotes Chris Gary to executive vice president

July 27, 2016 Gary represents property owners, tenants and buyers in the greater Chicagoland area, helping to create real estate solutions. His primary areas of focus include properties within the Southern Chicago suburban industrial markets and Indiana. Read more...

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As industrial market soars, more users buying instead of leasing

July 27, 2016 The officials at Elk Grove Village, Illinois-based Brown Commercial Group are seeing a trend: Industrial users today are growing ever more interested in buying their warehouses and distribution centers. More of them are buying instead of leasing space at industrial facilities. Read more...

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John Semenek joins PREMIER Design + Build Group as assistant superintendent

July 26, 2016 Semenek most recently worked for a leading construction company in Illinois as a carpentry foreman who was responsible for completing work that met the demands of his clients. Read more...

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JLL adds former Walmart executive to ReD platform

July 26, 2016 Powers joins JLL’s ReD experts who advise retailers on their distribution real estate strategies. His experience in site selection and negotiation will allow him to implement solutions that help clients achieve their supply chain, e-commerce and omni-channel operational goals. Read more...

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KBS Realty Advsiors announces new leases and renewal at Northland Center in Bloomington, Minnesota

July 26, 2016 KBS Realty Advisors announced the signing of three leases totaling 25,121 square feet at Northland Center, a Class A office property in Bloomington, Minnesota. Read more...

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Hackman Capital expands industrial footprint in Chicago’s north-side infill submarket

July 26, 2016 The buildings were acquired in a sale-leaseback transaction and total 195,436 square feet. Read more...

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Hyundai moves into new Central U.S. Regional office in Oakbrook Terrace

July 26, 2016 he multinational automotive company recently completed its move into 18,044 square feet on the top floor of the five-story office building located at 2 Trans Am Plaza Drive. Read more...

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