Archive | Illinois Real Estate Journal

High Street Residential acquires site for six-story mixed-use project in Downers Grove

December 09, 2016 High Street Residential recently acquired a 0.87-acre site for the construction of Maple&Main, a six-story, Class-A+ mixed-use transit-oriented building at the epicenter of downtown Downers Grove, Illinois. Read more...

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Student Loan Hero Survey: Household debt might slow holiday spending

December 09, 2016 Retailers are hoping for a happy holiday season, and many economists are predicting just that. They say that consumers, buoyed by lower unemployment numbers, will hit the stores in force throughout the month of December. Read more...

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Peoria’s Midwest Foundation adds director of business development

December 09, 2016 Peoria, Illinois-based Midwest Foundation has added Jon Nieman to lead its business development department. Read more...

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Bradford Allen closes lease expansion for long-term client in Itasca

December 09, 2016 Bradford Allen Realty Services' senior managing director Craig Nadborne has completed a lease expansion and extension on behalf of Ajinomoto. The company will be leasing an additional 7,159 square feet at 1300 North Arlington Heights Road in Itasca, Illinois, where it currently occupies 13,476 square feet. Read more...

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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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SVN|Chicago broker closes sale of five-building portfolio in Fulton Market District

December 08, 2016 Scott Maesel, managing director of SVN|Chicago, was the sole broker in the sale of a five-building portfolio in the Fulton Market District in Chicago. Read more...

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Shake Shack, Lucky Strike coming to Chicago’s Lakeview neighborhood

December 08, 2016 A joint venture of Chicago-based M&R Development and Bucksbaum Retail Properties LLC has announced two high-profile leases at the new Addison & Clark residential and retail center coming to Chicago’s Lakeview neighborhood in 2018. Read more...

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Marcus & Millichap: Apartment market still sizzling as 2016 ends

December 08, 2016 Employers added more than 147,000 jobs from July through September in the Indianapolis market. That's good news for apartment owners and developers: These jobs are drawing new people to the region, and these new residents need housing. 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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BOMA/Chicago has big goal this holiday season: collect more than 85,000 pounds of canned food for the needy

December 08, 2016 BOMA/Chicago's partnership with the Greater Chicago Food Depository remains a strong one. Since 2008, BOMA/Chicago has provided more than 364,000 means to people throughout Cook County who often don't know where their next meal will come from. Read more...

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Want to move to Canada following a Trump win? You’re not alone

December 07, 2016 It's a common threat during any presidential election: "If the other candidate wins, I'm moving to Canada." Turns out, though, Canada wasn't the only foreign destination that U.S. residents considered -- at least briefly -- following Donald Trump's election-day win. 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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Interra Realty closes on $5 million property in Chicago’s Wicker Park community

December 07, 2016 Interra Realty closed on a $5.1 million commercial property at 1530-32 N. Damen Ave. in the Chicago neighborhood of Wicker Park on Nov. 30. 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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NorthPoint Capital Funding refinances $5 million loan for Glenview office building

December 06, 2016 NorthPoint Capital Funding, Inc. has refinanced a $5.5 million loan on an office building in Glenview, Illinois. 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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SVN|Chicago sells Starbucks-anchored retail center in Schaumburg

December 06, 2016 Tim Franz with SVN|Chicago Commercial recently brokered the sale of a 16,237-square-foot shopping center in Schaumburg, Illinois. 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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