Chicago CRE gets hacked: First-of-its-kind hackathon starts today

August 26, 2016 Transwestern today is kicking-off CREforge, a first-of-its-kind hackathon that seeks to identify and leverage synergies between Chicago’s burgeoning tech and real estate communities through the development of new tools and technologies designed to foster innovation in the commercial real estate industry. Read more...

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Venture partners pay $7.25M for ground-level retail space next to McDonalds’ new HQ

August 23, 2016 The buyer, a partnership between R2 and Marc Realty Capital, paid $7.25 million for the property. Existing tenants include the classic French restaurant La Sardine, and Subway. Read more...

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Sterling Bay, J.P. Morgan get $78 million in construction financing for Fulton West Phase II

August 23, 2016 Holliday Fenoglio Fowler, L.P. has secured $78 million in construction financing for the development of Fulton West Phase II, a nine-story, 290,699-square-foot, creative office building in Chicago’s West Loop. Read more...

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Five Midwest regions ranked among the top distribution markets by JLL

August 23, 2016 Five Midwest regions rank among the top distribution markets in the United States, according to a new industrial report from JLL. Read more...

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Podolsky|Circle CORFAC International forms construction group, appoints Michael Lebar to lead division

August 18, 2016 Podolsky|Circle Construction Services is being established to offer a wide range of client-centric and third-party services including general contracting for tenant build-out and ground-up construction (and build-to-suits), construction management and advisory services. Read more...

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Gilbane Building Company announces new president, district manager in its Chicago office

August 18, 2016 He brings more than 35 years of experience in the design, development and construction of over $5 billion of projects in a variety of markets including high rise, multi-family, residential and commercial. Read more...

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Michael Tenuta joins Avison Young as vice president

August 18, 2016 He will assist with the firm’s expanding project management practice in Chicago and across the U.S. Read more...

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NAIOP’s Annual Golf Outing brings together more than 160 members and guests

August 18, 2016 The day-long event included a lunch buffet, cocktails and hors d’oeuvres and contest prizes, which were awarded in the Longest Putt, Longest Drive and Closest to the Pin categories, as well as a First Place Foursome. Read more...

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New luxury multifamily tower opens its doors in Chicago’s South Loop

August 17, 2016 The 29-story building hosted a reception where approximately 300 guests were invited to tour the studio and one-bedroom models – designed by Crate & Barrel, West Elm, Room & Board and Interior Define – along with more than 43,000 square feet of amenities. Read more...

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AppFolio: Apartment rents to keep rising, just not as quickly

August 17, 2016 What word best describes the U.S. apartment market today? AppFolio, in its latest research report, points to "growth." Read more...

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Mission Capital Advisors secures $19.3M financing for eight Chicago industrial properties

August 15, 2016 The loans include a $14.4 million bridge loan for six industrial properties, and $4.95 million in acquisition financing for a separate transaction, all of which were arranged by Mission Capital's Gregg Applefield, Alex Draganiuk and Lexington Henn, for Hackman Capital Partners. Read more...

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Avison Young: Indianapolis, Cleveland, Columbus and Chicago office markets still on the rise

August 15, 2016 The vacancy rate in the downtown Columbus office market dropped to 7 percent in the second quarter, according to the latest research from Avison Young. That's a strong performance, good for a drop of 60 basis points from the same quarter one year earlier. Read more...

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SRS Real Estate Partners expands National Net Lease Group into Chicago office

August 12, 2016 Joining the National Net Lease Group in Chicago are Dan Elliot, Sean Lutz, Chris Migely and Tara Tolomeo, who together provide full advisory services for net lease investors in the Chicago market and throughout the Midwest. Read more...

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Draper and Kramer’s Shruti Kumar named secretary of IREM Chicago Governing Council

August 12, 2016 Currently, Kumar is senior property manager of Lake Meadows Apartments, where she oversees 1,869 rental units in the mixed-use community that includes four high-rise and five mid-rise towers on 70 acres in Chicago’s Bronzeville neighborhood. Read more...

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Mixed-use Fulton Market development to get facelift and new office tenants

August 09, 2016 The property, located a half block east of Google’s new office site at 1K Fulton, is currently being redeveloped for mixed office and retail use, and will feature approximately 25,000 square feet of office on the second and third floors, a 6,000 square foot rooftop terrace, and 12,500 square feet of ground floor retail space. Read more...

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Husch Blackwell completes largest law firm merger this year

August 09, 2016 Following a merger earlier this year, law firm Husch Blackwell now boasts one of the largest real estate law practices not only in the Midwest but across the country. Read more...

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The big benefit of property management? The long-term client relationships it builds

August 08, 2016 What is the true power of a busy property management division? Melissa Podolsky, principal and director of the property management division of Riverwoods, Illinois-based Podolsky|Circle CORFAC International, said that a strong property management division can help commercial real estate firms build long-lasting relationships with clients. Read more...

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Motorola Campus in Schaumburg could be turned into mixed-use community following recent acquisition

August 04, 2016 Over the coming months, UrbanStreet Group and Trilogy Investments will work with the Village of Schaumburg to identify and determine the best uses for the campus, which may include multi-family, retail, hospitality, and additional office facilities. Read more...

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Centrum breaks ground on new $100 million mixed-use development in Chicago’s River North neighborhood

August 03, 2016 Chicago-based developer Centrum Partners has broken ground on a $100 million mixed-use development dethat inclus a 50,000-square-foot office building at 412 Wells Street and an adjoining 195-unit luxury apartment tower at 221 West Hubbard in Chicago’s River North neighborhood. Read more...

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Are developers bringing too much new industrial space to the market?

August 03, 2016 Craig Hurvitz, vice president of market research with the Chicago office of Colliers International, said that the local numbers tell the tale of an industrial market that is particularly strong in Chicago and its suburbs. But that doesn't mean that it doesn't face challenges. Read more...

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