Archive | Illinois Real Estate Journal

Amazon acquires Whole Foods Market for $13.7B

June 16, 2017 Amazon will acquire Whole Foods Market for $13.7 billion, according to a statement from Amazon on Friday. Read more...

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Foreign investors still spending big on U.S. industrial real estate

June 16, 2017 Industrial real estate continues to attract the dollars of foreign investors, according to the latest research by Avison Young. Read more...

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T-Mobile heads to Levee District retail center in Peoria

June 15, 2017 A new multi-tenant retail property is under construction in East Peoria's Levee District, according to a statement from Cullinan Properties. Read more...

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EnsembleIQ expands lease for headquarters in Chicago

June 15, 2017 EnsembleIQ expanded its lease from 12,000 square feet to 19,800 square feet at the company's office near O'Hare International Airport. Read more...

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Jack Durburg recieves award from DePaul University

June 15, 2017 Jack Durburg, CEO of the Americas at CBRE, was honored with an Outstanding Leadership in Real Estate Profession award from DePaul University's Real Estate Center. Read more...

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JLL names VP of Smart Building team

June 15, 2017 Yann Palmore has been hired as a vice president in JLL's Smart Building team. Read more...

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Mural Park in Pilsen to be developed as 200,000-square-foot, mixed-use project

June 14, 2017 Two 100,000-square-foot buildings in Chicago's Pilsen neighborhood will be redeveloped into a mixed use project including office, light manufacturing and retail space. Read more...

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Report: Chicago ranked as top 10 office market

June 14, 2017 Chicago is the only Midwest city to rank in the top 10 on Colliers' top office research report. Read more...

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Reed Construction to renovate interior of six spec suites on North Wacker

June 14, 2017 Reed Construction will renovate the interiors of six speculative suites totaling 32,000-square-feet for 123 North Wacker in Chicago, according to a statement from Reed. Read more...

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Edgewater 80-unit apartment community sells for $11.5M

June 14, 2017 An affiliate of Horizon Group Realty Holdings, represented by Kiser Group, purchased an 80-unit property for $11.5 million, according to a statement from Kiser. Read more...

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Brad Gries joins LaSalle Investment Management

June 14, 2017 In mid-August, Brad Gries will officially begin his new role at LaSalle Investment Management as head of U.S. acquisitions, according to a company statement. Read more...

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Smart mall owners? They rely on technology to make their centers strong

June 14, 2017 When analysts list the reasons why shopping malls are struggling, they inevitably point to technology. This makes sense: Tech and online shopping have certainly reshaped the shopping habits of the U.S. consumer. For many, the rise of ecommerce has made the sprawling indoor shopping mall a relic. But Brian Zrimsek, chief product officer of Solon, Ohio-based MRI Software, says that technology can be a lifeline for malls. Read more...

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Keeley completes cold storage warehouse in Pilsen

June 13, 2017 Keeley Construction along with Clarius partners, completed a cold storage warehouse in Chicago's Pilsen neighborhood. Read more...

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Marcus & Millichap arranges sale of Chicago retail center

June 13, 2017 Marcus & Millichap, on behalf of a private investor, sold the Ashland Wellington Plaza for about $9.8 million, according to a statement from the company. Read more...

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Sean Spellman leaves Opus, heads to CA Ventures

June 13, 2017 CA Ventures added Sean Spellman to its development as the chief development officer, according to a company statement on Monday. Read more...

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Baby boomers have high expectations for senior housing; developers aim to deliver

June 13, 2017 Amenities that create a more thoughtful community are a trend in nearly every commercial sector—and senior housing is no exception. Matt Booma, executive vice president of CA Senior Living, knows that in this market going beyond the essentials is key. Read more...

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Polsinelli names new vice-chairman

June 13, 2017 The shareholders of law firm Polsinelli on June 8 elected F. Chase Simmons as the firm's vice chair and chair-elect. Read more...

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Lee & Associates negotiates sale of suburban manufacturing facility

June 12, 2017 Lee & Associates has negotiated a long-term lease and sale of a 15,900-square-foot manufacturing facility at 125 Tubeway Drive in Carol Stream. Read more...

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Colliers to lease Bolingbrook industrial building developed by Northern Builders

June 12, 2017 Colliers International will Carlow Corporate Center, a project developed and owned by Northern Builders, according to a statement from Colliers. Read more...

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Builtech Services launches critical facility division

June 12, 2017 Builtech Services lauched a critical facilities division led by industry expert, Matthew O'Hare. He was recently named vice president and principal of the newly created critical facilities division, according to a company announcement. Read more...

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