Industrial N Illinois
Lee & Associates negotiates sale in North DuPage

Lee & Associates negotiates sale in North DuPage

Lee & Associates has closed a $1.325 million sale transaction for a 15,000-square-foot industrial building located at 163 Covington Drive in Bloomingdale, Illinois. Rick Anesi, vice president of Lee & Associates’ Illinois office, represented the buyer, ABM Flooring, an independent, full service commercial flooring contractor.

Industrial N Illinois
Principle Construction expands space for flooring distributor

Principle Construction expands space for flooring distributor

Principle Construction Corp. has completed a 10,500-square-foot office expansion for flooring distributor All Tile, Inc. at 855 Wood Dale Avenue in Wood Dale, Illinois. The construction added space to both sides of All Tile’s existing office areas. Also included in the expansion was a 2,107 square foot showroom, 800 square foot tool room and upgrades to all electrical, HVAC and fire alarm systems.

Multifamily N Illinois
Infamous Chicago Spire site to get two-tower development

Infamous Chicago Spire site to get two-tower development

The veil has finally been lifted on the development plans for 400 N. Lake Shore Drive. What was once to be the site of the Chicago Spire will now feature two soaring towers with a mix of a rental, condo and hotel uses. Representatives from Related Midwest, Skidmore, Owings & Merrill (SOM) and Kimley-Horn & Associates joined 42nd Ward Alderman Brendan Reilley at the Sheraton Hotel last night to present the plan to area residents. 

Retail N Illinois
CBRE helps bring Boxcar Betty’s to Chicago

CBRE helps bring Boxcar Betty’s to Chicago

CBRE’s Chicago office recently represented Boxcar Betty’s in a 1,725-square-foot lease at 500 West Madison Street in Chicago. Home to one of the busiest commuter stations in the nation, 500 West Madison continues to build on its retail offerings by attracting best-in-class and unique food and retail operators.

Industrial N Illinois
710-854 Foster Avenue, Bensenville, Illinois.

Colliers represents buyer of 666,079 SF industrial portfolio

Colliers International | Chicago’s Patrick Turner, Tom Rodeno and Matthew Stauber represented Clear Height Properties in the purchase of a five-building, 666,079-square-foot, industrial portfolio in metro Chicago from American Landmark Properties. At the time of sale, the buildings were 85 percent leased to a roster of 77 tenants including Advocate Health, Amazon and Crawford Murphy & Tilly.

Multifamily N Illinois
Alta Roosevelt open for leasing

Alta Roosevelt open for leasing

Alta Roosevelt, under construction at 801 S. Financial Place in Chicago’s South Loop, has begun leasing. Property owner Wood Partners worked with architect Pappageorge Haymes Partners to ensure that no detail was overlooked in the 33-story, luxury residential high-rise, from the spacious lobby to the unrivaled amenities spaces.

Office N Illinois
Chicago's next trophy office tower gets $665M construction loan

Chicago's next trophy office tower gets $665M construction loan

The 53-story, riverfront tower going up on the former GGP site moved closer to reality with a new round of construction financing. According to the Chicago Tribune, Howard Hughes Corp. and Riverside Investment & Development said that they have acquired a $495 million construction loan from a lending group including Bank of America and JPMorgan Chase to build the office tower at 110 N. Wacker Drive.

CRE N Illinois
Colliers International acquires controling stake in Harrison Street Real Estate

Colliers International acquires controling stake in Harrison Street Real Estate

Leading global commercial real estate services firm Colliers International Group Inc. has agreed to make a strategic investment in Harrison Street Real Estate Capital LLC, one of the largest real estate investment firms dedicated to the education, healthcare and storage sectors with approximately $14.6 billion in assets under management. The transaction, which is fully financed and subject to customary closing conditions, is expected to close by the third quarter of 2018.

Healthcare N Illinois
Construction starts on Rosalind Franklin University Innovation and Research Park

Construction starts on Rosalind Franklin University Innovation and Research Park

Rosalind Franklin University of Medicine and Science (RFU) began construction on its new Innovation and Research Park. The four-story, 100,000 square-foot addition to its campus in North Chicago, Illinois, will feature state-of-the-art laboratories as well as conferencing and office space for faculty, commercial startups, and national and international healthcare and life science companies.