Archive | Illinois Real Estate Journal

Michael Kaufman joins Epstein as new VP of business development

May 05, 2016 n his new role at Epstein, Kaufman will be responsible for developing new project opportunities in the industrial marketplace, especially Design-Build endeavors for clients in the food, industrial process and manufacturing sectors. Read more...

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Stream Realty Partners expands Chicago industrial team with three new hires

May 05, 2016 Stream Realty Partners has announced the additions of Victoria Knudson, Agata Szlezak, and Eric Gustafson to the firm's Chicago office. Read more...

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Avison Young appoints John Kevill to lead firm’s U.S. Capital Markets

May 05, 2016 Based in Washington, D.C., Kevill will focus on expanding the firm’s capital markets footprint across the U.S., particularly in the investment sales practice area. Read more...

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Marcus & Millichap: New hotel rooms popping up across the Midwest

May 05, 2016 Several cities across the United States stand to benefit from new hotel construction this year, according to the latest research from Marcus & Millichap. Read more...

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Recently completed Woodview Apartments in Deerfield earns LEED Certification

May 04, 2016 The co-development team of Conor Commercial Real Estate and Ravine Park Partners, a member of the McShane Companies, announced that the recently completed Woodview Apartments in Deerfield has received LEED Certification from the U.S. Green Building Council. Read more...

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West Loop to get a new 20-story spec office building

May 04, 2016 A joint venture between White Oak Realty Partners and CA Ventures will soon break ground on a 20-story office building in the West Loop. Read more...

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Developers to bring two Cambria hotels & suites to downtown Chicago

May 04, 2016 Choice Hotels International, Inc. recently joined developers Fillmore Capital Partners, Fillmore Hospitality and Murphy Asset Management to announce the debut of two new Cambria hotel & suites projects in Chicago. Read more...

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Aurora Class A office park sells for $5.35 million

May 04, 2016 Kansas-based HJH Dyson 1, LLC purchased 4222, 4234, and 4248 Meridian Parkway, a 45,869-square-foot Class A office complex in Aurora, Illinois, for $5.35 million. Read more...

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Randolph Street Realty Capital LLC buys vacant Wicker Park multifamily property for $14.3M

May 04, 2016 Randolph Street Realty Capital LLC paid $14.3 million for a 36-unit multifamily property at 1819 W Division Street in Chicago's Wicker Park neighborhood. Read more...

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Foreign investment firm acquires 224,000-square-foot Blackhawk on Halsted mixed-use development

May 04, 2016 Structured Development sold its 224,000-square-foot mixed-use development in Lincoln Park, Blackhawk on Halsted, to a foreign institutional investment fund for an undisclosed price. Read more...

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Acadia Realty Trust sells The Heritage Shops at Millennium Park for $46.5M

May 04, 2016 El Paso, Texas-based Hunt Investment Management acquired The Heritage Shops at Millennium Park on the southeast corner of Randolph Street and Wabash Avenue, for $46.5 million. Read more...

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Inland’s Goodwin: Helping the DuPage Airport take flight

May 03, 2016 The DuPage Airport in West Chicago, Illinois, was bleeding money before Daniel Goodwin joined its governing board in late 2002. By the time Goodwin was named chairman of the DuPage Airport Authority in January of 2003, the airport about 29 miles west of Chicago was $26 million in debt and was suffering annual operating losses. Goodwin, though, changed that. Read more...

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Construction on city’s third tallest building set to begin this summer

May 02, 2016 Mayor Rahm Emanuel announced today that construction on the 95-story Vista Tower, otherwise known as the city's soon-to-be third tallest building, will begin this summer in Chicago's Lakeshore East. Read more...

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Majority of new retail development in 2016 expected in city, Mid-America Real Estate report shows

May 02, 2016 Chicagoland can expect to see less larger-scale retail spaces averaging five million-plus square feet. That's because grocery-driven projects and smaller footprint urban infill developments are taking over, according to to Mid-America Real Estate Corporation's Chicagoland 2016 Shopping Center Report. Read more...

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Marcus & Millichap names Alam Pontius national director of specialty divisions

May 02, 2016 Marcus & Millichap announced that Alan Pontius, a senior vice president, has been named national director of the firm’s specialty divisions. Read more...

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Average apartment rents hit all-time high in April

May 02, 2016 Apartment rents aren't getting any lower across the country. In fact, they reached a new high in April. That's the good news for landlords and owners from the latest market report released by Yardi Matrix. Read more...

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Illinois REALTORS celebrates 100th anniversary with new name, new EVP and its own annual day of recognition

April 29, 2016 In honor of the 100th anniversary of the Illinois REALTORS®, Illinois Gov. Bruce Rauner and state lawmakers declared April 25, 2016 as Illinois REALTORS® Day. Over the last century, the association has emerged as the leading voice for real estate and private property rights in Illinois. Read more...

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MBRE celebrates Earth Day 2016 with variety of environmental initiatives

April 29, 2016 MB Real Estate Services Inc. (MBRE) celebrated Earth Day 2016 on April 22 with several initiatives including portfolio-wide communications, a recycling drive and distributing seeded coasters. Read more...

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CBRE’s Bob Wislow honored with Chicago Architecture Foundation Legacy Award

April 29, 2016 CBRE Chairman, Bob Wislow, received the Legacy Award from the Chicago Architecture Foundation at their 41st Annual Gala. Read more...

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Chicago clinches third spot for strongest industrial market demand in this year’s first quarter and now we know why

April 28, 2016 Booming, soaring, thriving—those are just a few adjectives to describe today’s record-breaking industrial sector. In fact, Chicago was recently ranked third strongest market in terms of demand for industrial space with absorption at 3.9 million square feet, according to Cushman & Wakefield’s national first quarter 2016 report. Read more...

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