Archive | Chicago Industrial Properties

NAREIT names new chairman

December 08, 2016 The National Association of Real Estate Investment Trusts in early November announced the election of its 2017 officers, as well as the members of its executive board, the organization’s governing board, and its advisory board of governors. Read more...

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Midwest Industrial Funds purchases 158,000-square-foot industrial building in West Chicago

December 08, 2016 Midwest Industrial Funds recently purchased a 158,000-square-foot multi-tenant building at 825-845 Hawthorne in West Chicago, Illinois. Read more...

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More than 400 attend Marshall Bennett Institute of Real Estate gala in Chicago

December 08, 2016 More than 450 people attended the 15th annual real estate gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University Nov. 10 at the Four Seasons Hotel, Chicago. Read more...

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Falling vacancy rates. Rising demand. Industrial market getting even stronger

December 07, 2016 What’s going right in the O’Hare industrial submarket of Chicago? Just about everything. John Joyce, principal with the Rosemont, Illinois, office of Transwestern, said that this busy submarket is seeing increased demand from investors and developers, lower vacancy rates and rising rates. Read more...

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Transwestern represents Chicago Truck Parking in major ground lease in Lemont

December 07, 2016 Transwestern represented Chicago Truck Parking in a 47-acre ground lease at 12300 New Ave. in unincorporated Lemont, Illinois. Read more...

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Commercial real estate after Trump: What to expect?

December 06, 2016 Last month, with the election of Donald Trump as president, we entered uncharted waters, politically and economically. This historic event—perhaps unlike any other we’ve experienced as a country—has created a profound level of uncertainty and uneasiness. A clearer picture of what lies ahead may not emerge until we approach the first 100 days of Trump’s presidency, maybe more, maybe less. Read more...

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Newmark Grubb Knight Frank closes trio of industrial leases in I-55 corridor

December 06, 2016 Newmark Grubb Knight Frank recently completed three industrial lease transactions totaling nearly 716,000 square feet on behalf of Assemblers, Inc., Petco and an undisclosed Fortune 500 manufacturer and distributor in the Interstate-55 Corridor submarket of Chicago. Read more...

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Commercial real estate attorneys staying busy during uncertain times

December 05, 2016 Commercial real estate developers, investors and brokers are preparing for a new presidential administration. While no one knows yet what impact a Trump presidency will have on commercial real estate, one thing is certain: The commercial real estate attorneys who represent these pros will continue to be busy as investors and developers face the potential of new regulations, changes in long-standing laws and, perhaps, a renewed focus on manufacturing in the country. Read more...

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Venture One Real Estate buys 56,000-square-foot multi-tenant building in Elk Grove Village

December 05, 2016 Venture One Real Estate through its acquisition fund VK Industrial III, LP, has closed on the acquisition of a 56,079-square-foot multi-tenant industrial building at 940-950 Greenleaf Ave in Elk Grove Village, Illinois. Read more...

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NAIOP chooses Bravo Building in Illinois as industrial spec development of the year

December 05, 2016 The NAIOP recently named Building Bravo in the RidgePort Logistics Center in Wilmington, Illinois, as its “Industrial Speculative Development of the Year” at the association’s Annual Awards of Excellence ceremony. Read more...

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Associated Bank closes $7.4 million construction loan for 137,000-square-foot industrial building in Chicago market

December 05, 2016 Associated Bank has provided $7.4 million in new construction financing to HSA Commercial Real Estate for a 137,500-square-foot multi-tenant building on a 9.53-acre vacant parcel at 1200-50 Douglas Road in Batavia, Illinois. Read more...

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As interest rates rise, commercial financing enters a new phase

December 02, 2016 No one knows yet just what kind of president Donald Trump will be. But one immediate result of his election was a quick rise in interest rates. And that has already brought a change to way developers and investors are borrowing money to fund their commercial real estate developments and acquisitions. Read more...

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McShane earns lifetime achievement award from Chicago branch of Urban Land Institute

December 02, 2016 James McShane, chief executive officer of Chicago's The McShane Companies, was honored Dec. 1 at the 22nd annual ULI Chicago Lifetime Achievement Award Dinner. Read more...

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NAI Hiffman brokers win industrial transaction of the year honor from NAIOP Chicago

December 01, 2016 Dan Leahy and Adam Roth with NAI Hiffman won the Industrial Broker Transaction of the Year award at NAIOP Chicago's 29th annual Awards for Excellence ceremony held in mid-November. Read more...

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Development Solutions, Inc. hires senior project manager

December 01, 2016 Michael Stella has joined Chicago's Development Solutions, Inc. as a senior project manager. Read more...

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Conor Commercial Real Estate delivers 385,300-square-foot industrial facility in Elgin

December 01, 2016 Conor Commercial Real Estate recently closed the delivery of Northwest Pointe II and the purchase of a 20.5-acre site directly adjacent to the recently completed development in Elgin, Illinois. Read more...

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Chicago office of Pircher, Nichols & Meeks hires new associate

November 30, 2016 Reilly Gaertner has joined the Chicago office of national real estate law firm Pircher, Nichols & Meeks as an associate. Read more...

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IWIRE fund-raising event raises more than $16,000 for Poised for Success

November 29, 2016 Industrial Women in Real Estate -- better known as IWIRE -- earlier this year kicked off the season of giving a bit early, holding a fund-raising event and clothing for Poised for Success Oct. 13 Cafe La Cave in Des Plaines, Illinois. Read more...

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Cushman & Wakefield helps beauty products firm purchase 94,000-square-foot industrial facility in Chicago suburbs

November 29, 2016 Cushman & Wakefield recently represented Universal Beauty Products Inc. in its purchase of a 94,682-square-foot industrial facility at 221 Covington Drive in the western Chicago suburb of Bloomingdale. Read more...

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Fewer commercial construction starts in Chicago area this year

November 29, 2016 Commercial construction starts -- including in the industrial sector -- continues to lag 2015's totals in the Chicago area, according to the latest research from Dodge Data & Analytics. Read more...

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