Archive | News

Thriving as a brick-and-mortar retailer today? It’s all about creating experiences

September 26, 2016 Chad Firsell doesn’t hesitate when asked what makes for a successful brick-and-mortar retailer today: Those retailers that are thriving are offering experiences, ones that can’t be duplicated online. Read more...

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

Newmark Grubb Knight Frank recruits pair of office specialists from JBC

September 23, 2016 Newmark Grubb Knight Frank announced that Bill Rolander and Jon Cordell have joined the firm’s Chicago office as executive managing director and senior managing director. Read more...

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Guest post: Protecting yourself in a sublease or assignment

September 23, 2016 Tech companies have been growing and hiring at a very quick pace for several years now. These companies have been growing at such a speed that they have become a significant percentage of the new office leases in markets such as downtown Chicago. Read more...

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Wool Finance Partners arranges financing for Long Grove retail center acquisition

September 22, 2016 Wool Finance Partners' Gary Wool and Martin Siegel arranged a creative financing structure that included a $2.39 million financing package for the acquisition of Long Grove Commons in Long Grove, Illinois. Read more...

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Mid-America’s $10 million deal another sign of strength in St. Louis’ retail market

September 22, 2016 The retail market has been slowly, but steadily, improving in the St. Louis area. An example of that came earlier this month, when Mid-America Real Estate Corporation's investment sales team closed a $10 million retail sale in the city. Read more...

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Wilson Sporting Goods relocating headquarters and 400 team members to downtown Chicago

September 21, 2016 Wilson Sporting Goods Co. has joined the corporate office migration to downtown Chicago. The company announced Sept. 20 that it will be relocating its global headquarters--and 400 employees--to the Prudential Plaza building by late 2017. Read more...

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Vinayaka Holdings Corporation acquires 204,345-square-foot Schaumburg office property

September 21, 2016 Vinayaka has completed several renovations to the building, including the lobby and recent painting of the exterior. The parking lot will be refurbished and new landscaping will be installed. Read more...

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Construction begins on new senior living facility in Orland Park

September 21, 2016 Developers recently broke ground on the new 94-unit Heartis Village Orland Park assisted living and memory care community at 159th St. and Harlem Ave. Read more...

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Ryan Companies gives Schaumburg Toyota facility a makeover

September 21, 2016 Ryan Companies completed the new facility, which replaces the original showroom built in 1978, for Resnick Automotive Group to showcase its vehicles in a more modern state-of-the-art facility. Read more...

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Forest City Realty Trust sells Cleveland’s iconic Terminal Tower

September 21, 2016 The 584,000-square-foot building, which stands at 771 feet with 52 floors, was originally built as an office building above the Cleveland Union Terminal in 1928. Read more...

Midwest Real Estate News, News Comments (0)

Big deals make the difference in Indianapolis industrial market

September 21, 2016 Indianapolis has long benefited from a strong industrial market. This isn't surprising: The city's central location makes an ideal spot for companies shipping their products across the country. The latest research from Colliers International, though, shows that the Indianapolis industrial market today is as strong as it's ever been. Read more...

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Retail plaza in Roseville, Michigan sells for $3.6 million

September 20, 2016 The retail plaza is located at the northwest corner of Gratiot Avenue and Masonic Boulevard, and includes tenants Potbelly’s, AT&T and Chipotle. Read more...

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Midwest industrial lumber yard portfolio sells for $14.5 million

September 20, 2016 The portfolio is comprised of more than 300,000 square feet of building area, situated on nearly 3 million square feet of land. Read more...

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Chicago’s new industrial growth zones: An expedited approach to tax incentives

September 20, 2016 On Sept. 13, Brian Liston, Attorney at Law at The Law Offices of Liston & Tsantilis, PC, testified in front of the Cook County Board of Development in favor of a new incentive program aimed at encouraging industrial growth in the southern and western parts of Cook County. Read more...

Chicago Industrial Properties, CIP Column, News Comments (0)

Zilber Property Group acquires 51,200-square-foot industrial building in Willowbrook

September 20, 2016 Lee & Associates negotiated the sale and leaseback of a 51,200-square-foot industrial building at 7725 S. Quincy Street in Willowbrook. Read more...

Chicago Industrial Properties, News Comments (0)

Jo-Ann Fabrics and Crafts lease brings Towne Centre in Elizabethtown, Kentucky to full occupancy

September 20, 2016 NAI Isaac has announced that Jo-Ann Fabrics and Crafts has leased 12,120 square feet within Towne Centre in Elizabethtown, Kentucky. Read more...

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Tourists providing boost to Louisville’s CRE sectors

September 20, 2016 David Hardy, managing director at the Louisville office of CBRE, agreed that the hottest market in Louisville today is industrial. Louisville has become a magnet for users seeing to centralize their distribution options, Hardy said. Read more...

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PVG Trucking relocates Elk Grove Village operations to SunGate Park in Chicago

September 19, 2016 The company is relocating its operations from Elk Grove Village location to SunGate Park, which allows them to expand and be more centrally located to the people they serve. Read more...

Chicago Industrial Properties, News Comments (0)

LeSaint Logistics renews 92,584 square feet in Romeoville

September 19, 2016 LeSaint Logistics, LLC has renewed its 94,584-square-foot lease at Prologis Park 55, 868 W. Crossroads Parkway in Romeoville, Illinois. Read more...

Chicago Industrial Properties, News Comments (0)

Lucerne International signs eight-year lease in Auburn Hills, Michigan

September 19, 2016 Lucerne International, a provider of cast, stamped, forged components and assemblies to automotive and heavy truck industries, has relocated to Auburn Hills, Michigan, where it recently signed an eight-year lease at a 28,700-square-foot industrial building. Read more...

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