CRE N Illinois
David Garside, executive vice president of title and escrow operations at Proper Title, receives the “Excellence in Action” award from Rob Wineman of Fidelity National Title Group, Inc.

Proper Title earns Excellence in Action Award

Commercial and residential title insurance firm Proper Title, LLC has been awarded the “Excellence in Action” award by Fidelity National Title Group, Inc. This is the fourth year in a row that the Palatine, Illinois-based company has received the award, which is given to title insurance agencies that exemplify outstanding performance in best practices, customer service and operations, among other criteria.

Legal N Illinois
Midwest Real Estate News Commercial Real Estate Hall of Fame: Taft Stettinius & Hollister's Kathryn Kovitz Arnold

Midwest Real Estate News Commercial Real Estate Hall of Fame: Taft Stettinius & Hollister's Kathryn Kovitz Arnold

Each year, Midwest Real Estate News inducts a new class into its Commercial Real Estate Hall of Fame. This year, we are also showcasing our Hall of Fame winners online. It’s our hope that these profiles will show readers the work it takes to be a Hall of Famer. This time we profile Kathryn Kovitz Arnold, practice group chair and partner with the Chicago office of law firm Taft Stettinius & Hollister.

Retail N Illinois
Sterling Organization acquires retail property off of Mag Mile

Sterling Organization acquires retail property off of Mag Mile

Sterling Organization, a private equity real estate investment firm headquartered in Palm Beach, Florida, has acquired 10,051 square feet of vacant retail space at 110 E. Pearson Street in Chicago’s world-renowned “Magnificent Mile” shopping district. The asset was purchased on behalf of Sterling Organization’s institutional fund Sterling Value Add Partners II, LP for $15.1 million. The seller, Levy Restaurants, was represented by Derrick Almassy and George Good of CBRE.

CRE N Illinois
Chicago is one of three “cities to watch” in 2018

Chicago is one of three “cities to watch” in 2018

New research from TH Real Estate predicts that the up-and-down stock market that we’ve seen of late shouldn’t scare off real estate investors. In fact, they portend a growing economy and that real estate market conditions will remain solid, especially in three markets: Los Angeles, Chicago and New York.

Office N Illinois

Arjo Inc. expands in Addison

Arjo Inc. (formerly ArjoHuntleigh NA) has recommitted to the Chicago suburbs with a 62,000-square-foot, long-term lease restructuring for its North American headquarters at 2349 W. Lake Street in Addison. The lease includes an 18,000-square-foot expansion and Arjo now has the entire second floor of Meadows Corporate Center I, a 41 percent increase that provides needed space for growth in the coming years.

Industrial N Illinois
LogistiCenter, 365 North Avenue in Carol Stream

Which way to the capital?

Though it remains the hottest asset type, obtaining financing for an industrial venture still comes down to the basic fundamentals of each specific project, including location, the credit quality of tenants, building essentials and the ability to re-tenant a space.

Industrial N Illinois
Bridge Development Partners currently leases 132,000 square feet of cold storage to Frozen Assets Cold Storage in the Bridge Point Northlake development.

Cold storage warehouse demand to rise with popularity of online grocery shopping

Mirroring the symbiotic growth between e-commerce and warehouses/fulfillment centers, the increased appeal of online grocery could result in higher demand for cold-storage space. According to a new report from CBRE, up to 35 million square feet of U.S. cold-storage space could shift from retail stores to warehouses and distribution centers within the next seven years.