Archive | Illinois Real Estate Journal

NAI Hiffman helps close 34,000-square-foot industrial lease in North Aurora

February 21, 2017 NAI Hiffman represented ownership in its long-term lease renewal with Bendix Commercial Vehicle Systems for 34,399 square feet of industrial space at 301-329 Airport Road in North Aurora, Illinois. Read more...

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Newmark Grubb Knight Frank closes three industrial transactions in Chicago area

February 21, 2017 Newmark Grubb Knight Frank recently arranged three industrial lease transactions totaling 131,065 square feet on behalf of Good News Publishers, Zilber Property Group and Caldic USA Inc. Led by Adam Marshall, senior managing director, and Mark Deady, director, all three recent transactions were completed in the fourth quarter of 2016. Read more...

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Illinois’ LM Commercial Real Estate expands staff by three

February 21, 2017 Clarendon Hills, Illinois-based LM Commercial Real Estate hired Andrew O’Connell as director of real estate investment sales' Nate Ecker as a development associate and Josh Sinnema as a local leasing broker. Read more...

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E-commerce inspiring industrial leaders to take over space in urban areas

February 21, 2017 E-commerce continues to fuel many aspects of Chicago’s industrial market, which is seeing considerable activity heading into the second quarter of 2017. While e-commerce is often viewed from the perspective of Amazon.com and its proliferation of warehouse and distribution space, there is much more to the e-commerce picture. Read more...

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Friedman Integrated Real Estate Solutions closes 7,800-square-foot lease in Palatine

February 21, 2017 Friedman Integrated Real Estate Solutions recently negotiated the lease of 7,818 square feet of industrial space at 501 Vermont St. in Palatine, Illinois. Read more...

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Marcus & Millichap names senior vice president of investment in Chicago office

February 17, 2017 Marcus & Millichap has named Kyle Stengle of the firm’s Chicago Downtown office as a senior vice president of investments. Read more...

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Chicago’s KIG adds sales director

February 17, 2017 Chicago multifamily brokerage KIG recently added a new sales director and made a key promotion. Read more...

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Avison Young: Chicago industrial market full of “renewed vigor”

February 16, 2017 Renewed vigor. Those are the words that Avision Young used to describe the Chicago industrial market at the end of the fourth quarter of 2016. And that's a description sure to please the CRE professionals who work this market. Read more...

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Capital One provides $16 million loan for Joliet skilled-nursing facility

February 16, 2017 Capital One announced has provided a $16.8 million fixed-rate, HUD 232/223(f) loan to refinance a 272-bed skilled-nursing facility in Joliet, Illinois. Senior vie president Joshua Rosen originated the transaction. Read more...

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NAI Hiffman closes pair of office lease transactions in Northbrook

February 16, 2017 NAI Hiffman recently completed two lease transactions at Edens Corporate Center at 630 and 650 Dundee Road in Northbrook, Illinois, on behalf of the buildings' ownership. Read more...

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Chicago’s MB Real Estate names EVP of project services division

February 16, 2017 David Graff has been promoted to executive vice president of the project services division of Chicago's MB Real Estate. Read more...

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E-commerce and the growth of regional distribution hubs

February 16, 2017 E-commerce has been one of the main drivers of industrial activity in the Chicago market in recent years. Led by several large users, the e-commerce industry has been responsible for absorbing large quantities of space, driving rental rates and spurring significant levels of new construction. Read more...

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Marcus & Millichap names senior managing director in Chicago office

February 16, 2017 Marcus & Millichap has named Joshua Jandris of the firm’s Chicago O’Hare office as a senior managing director of investments. Read more...

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Meridian Design Build wraps construction on 67,000-square-foot industrial facility in Bartlett

February 16, 2017 Meridian Design Build recently completed a 67,080-square-foot build-to-suit industrial facility for Traffic Control & Protection in Bartlett, Illinois. Read more...

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Brown Commercial Group closes four industrial transactions in Chicago’s western suburbs

February 15, 2017 Brown Commercial Group recently brokered four transactions in Chicago’s western suburbs totaling nearly 38,000 square feet of space. All four transactions were for tenants who were expanding their spaces. Read more...

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CBRE Group acquires Capstone Financial Solutions

February 15, 2017 CBRE Group, Inc. has acquired the business of Capstone Financial Solutions LLC, a national boutique commercial real estate finance and consulting firm in the United States. Read more...

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Mixed-Use Mash-Up: Six elements of tomorrow’s live-work-play communities

February 15, 2017 With e-commerce accounting for a greater share of retail sales, real estate developers are finding creative ways to stay relevant in the eyes of consumers who, increasingly, favor clicks over bricks. In order to provide experiences that can’t easily be replicated online, today’s developers are incorporating retail – including restaurant and entertainment offerings – into larger mixed-use centers designed to serve as a neighborhood. Read more...

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Southeast Wisconsin industrial market not just attracting tenants from Illinois

February 14, 2017 The story is an old one: Illinois end users are fleeing the state and crossing the border into Southeast Wisconsin to find more affordable warehouse and distribution center space. But a pair of brokers – one from Chicago and one from Milwaukee – dispute this narrative. Read more...

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Conlon Capital closes more than $49 million in loans for hotels in Michigan, Illinois

February 14, 2017 Rushi Shah, chief executive officer for commercial mortgage banking firm Conlon Capital, recently arranged more than $49 million in non-recourse CMBS permanent loans for eight limited-service hotels in Illinois, Michigan, North Carolina, Pennsylvania, Utah and Washington. Read more...

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Chicago office of IA Interiors names new managing director, principal

February 14, 2017 Carolyn Tucker is the new managing director|principal of IA Interior Architects' Chicago office. Read more...

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