Archive | Illinois Real Estate Journal

CBRE to market former Cardinal Health Campus in Waukegan, Illinois

June 30, 2016 Bridge Point North is a redevelopment of the former Cardinal Health Campus, and offers land sales and development opportunities to accommodate build-to-suits from 40,000 to 625,000 square feet and land sales from 5 to 32 acres. Read more...

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Millennium Properties R/E hires Tony Caratachea as property manager

June 30, 2016 Previously, Caratachea worked as a property manager for Caratachea Properties, advertising available units and conducting showings, as well as coordinating all aspects of tenant relations. Read more...

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Chicago confronts “last mile” warehousing needs of e-commerce

June 30, 2016 day delivery of online purchases is not as easy as it sounds. The retailing behemoth garnered some unwanted headlines when it was forced to concede it simply did not have the warehousing infrastructure in place to meet its delivery pledge on Chicago’s South Side. Read more...

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NAIOP Chicago team members bond at Wrigley Field to watch Cubs play their rivals

June 30, 2016 A sold-out crowd of NAIOP Chicago members and guests enjoyed the rivalry between the Chicago Cubs and St. Louis Cardinals, June 21. Read more...

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Ryan Companies promotes two professionals within its Great Lakes Region team

June 30, 2016 The Great Lakes Region of Ryan Companies US, Inc. has announced the promotions of Nick Kaminski and Barry Sullivan. Both individuals have been promoted to team leaders from their previous positions of senior project managers. Read more...

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Cushman & Wakefield’s John Morris talks industrial trends and forecasts at I.CON ’16

June 30, 2016 Read more...

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Baby Boomers, Millennials combine to shape retail trends

June 30, 2016 Millennials have received a lot of press for their impact on retailers. But Baby Boomers continue to exert their own influence on the world of retailing, according to the latest research from Marcus & Millichap. Read more...

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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...

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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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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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Average apartment sizes fall to 10-year low

June 28, 2016 Developers continue to add modern multifamily units to cities across the Midwest. And these new units? They're getting smaller. According to RENTCafe, the average size of apartment units completed in 2016 has fallen to 934 square feet. That's the smallest average size for new-construction apartment units since 2006, when the average size stood at 1,015 square feet. Overall, the average size of all U.S. apartment units is 889 square feet, according to RENTCafe. Read more...

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The best choice? Clinton’s home? Trump’s abode? Or the White House?

June 27, 2016 Donald Trump or Hillary Clinton will be moving into a new home in 2017. And when one of these two campaigners does move into the White House, what will they most enjoy about their new home and what might make them uneasy? Read more...

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