RealtyTrac: Foreclosures rising in St. Louis, Chicago and Minneapolis, falling in Detroit

May 17, 2012 If it's true -- and it is -- that the commercial real estate market won't see a more robust recovery until the housing market stabilizes, than commercial real estate professionals got some bad news regarding two major Midwest markets. According to the latest numbers from RealtyTrac, foreclosure activity jumped significantly in both St. Louis and Chicago in April compared with the same month last year. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal, Midwest Real Estate News, Minnesota Real Estate Journal, News

CREW report: Myths still hindering women’s progress in commercial real estate

May 17, 2012 You're a woman working in the commercial real estate industry. You dream of one day running your own firm. You dream of reaching the heights of your profession. Is pay as important to you as it is to your male colleagues? Are you as willing to take risks -- the reasonable ones -- as the man in the cubicle next door? Read more...

Chicago Industrial Properties, Illinois Real Estate Journal, Midwest Real Estate News, Minnesota Real Estate Journal, News

An affiliate of Next Realty LLC acquires Lincolnwood land site for redevelopment

May 16, 2012 An affiliate of Next Realty LLC has completed the acquisition of a prime land parcel at the southwest corner of Touhy and Crawford avenues in Lincolnwood to take advantage of a redevelopment opportunity. Read more...

Illinois Real Estate Journal

Opus Development Corporation to build luxury residential development

May 16, 2012 Opus Development Corporation has announced plans to begin development and construction of a new luxury apartment complex in Lisle. Read more...

Illinois Real Estate Journal

McShane Construction breaks ground on 57-unit senior living development

May 16, 2012 McShane Construction Company recently broke ground at The Lodge of Northbrook on behalf of Omaha-based developer Essex Corp. Read more...

Illinois Real Estate Journal

Developer Wirtz Realty opens doors to office, training and distribution center

May 16, 2012 Wirtz Realty Corp., developer and subsidiary of Wirtz Corp., has announced the opening of a 605,000-square-foot, multi-use office, training and distribution center on May 2. Read more...

Illinois Real Estate Journal

Time to open a branch office in N.D.?

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Behind the Apparent Commercial Real Estate Recovery: A Look at Chicago’s Middle Market

By most measures, the national commercial real estate market is well into its recovery phase. And Chicago, the nation’s third largest metropolitan market, is following this trend. It may not be recovering as quickly as coastal markets such as New York, Los Angeles, San Francisco and Washington, D.C., but all of its vital signs are pointing up Read more...

Colliers represents CenterPoint in a 100,377-square-foot industrial lease

Brian W. Kling, senior vice president; and Thomas M. Condon, senior vice president, both with the Industrial Advisory Group of Colliers International | Chicago, represented CenterPoint Properties in a 100,377-square-foot new long-term lease to Lenze at 125 Wall Street Trail in Carol Stream, Ill. Read more...