Development on one of Chicago’s largest industrial spec buildings of 2016 now underway in Channahon, Illinois

July 21, 2016 23700 West Bluff Road is one of the two largest spec buildings under construction in the Chicagoland area, where 52 spec buildings totaling 18.1 million square feet are currently under construction. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal, News Comments (0)

DePaul University techs-in to 1871 in new collaboration

July 20, 2016 In a newly formed collaboration, DePaul University students, faculty and alumni will soon have access to one of Chicago's rising tech outlets, connecting them with what appears to be the era of digital start-ups. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News Comments (0)

Former Chicago Sun-Times printing plant in Pilsen gets transformed into state-of-the-art data center for QTS

July 19, 2016 Mortenson Construction and QTS Realty Trust have revived the empty Chicago Sun-Times printing plant in Chicago’s Pilsen neighborhood as a high-tech hub for the digital economy. Read more...

Chicago Industrial Properties, News Comments (0)

Mayor Rahm Emanuel, Preckwinkle launch new initiative to support struggling industrial zones

July 19, 2016 The Industrial Growth Zones program will accelerate neighborhood development in seven designated areas over the next three years by removing longstanding hurdles to development and providing a broad set of services to support property owners and industrial businesses. Read more...

Chicago Industrial Properties, News Comments (0)

A bank? A café? Capital One asks, How about both?

July 18, 2016 Capital One has targeted Chicago for the expansion of its 360 coffeehouses. The goal? To build long-term relationships with customers. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News Comments (0)

Fulton Market office, retail complex across from new Google headquarters sells for $5.6M

July 13, 2016 The mixed-use building, located across the street from Google’s new Chicago headquarters and directly in front of the new ACE Hotel, features 16,000 square feet on four levels and more than 50 feet of retail frontage. Read more...

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Chicago Loop getting new food hall and market in spring 2017

July 13, 2016 Chicagoans will soon have a distinctive new dining option in the heart of the city’s bustling Loop district. The yet-to-be-named food hall and market, located street level at 205 W. Wacker Dr., is slated to open in Spring 2017. Read more...

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Construction begins on new luxury townhome development in Chicago’s South Loop

July 13, 2016 A joint venture between Sandz Development Co. and Golub & Co. will see the addition of 55, four-story luxury townhomes within nine buildings at 18th and Prairie Avenue. Read more...

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Construction loan activity hot as ever in Detroit, St. Louis, Chicago and other Midwest markets

July 11, 2016 More developers across the Midwest are seeking construction loans today. And when they hunt for these loans? More often they are turning to alternative lenders. Read more...

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Two BOMA/Chicago building members honored with International TOBY Awards

July 08, 2016 BOMA/Chicago announced that two local building members – 564 West Randolph and AMA Plaza – were honored with 2016 International TOBY Awards at the BOMA International Conference, June 28 in Washington, DC. Read more...

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Origin Investments’ David Scherer on why Chicago’s Loop will survive property tax increases

July 08, 2016 Property tax bills are hitting Chicago mailboxes, and taxpayers are up in arms. The skyrocketing rates are a by-product of the record $588 million property tax increase passed last fall by the Chicago City Council. Read more...

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Mortenson Construction promotes Chicago office leader to SVP

July 08, 2016 Since opening the Chicago office 16 years ago, Werner has led more than $2.6 billion in projects, propelling the office into one of the company’s largest based on annual revenue. Read more...

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CBRE ranks Chicago as 13th strongest technology market in North America

July 08, 2016 Chicago remains a hub for technology firms, good news for the commercial real estate brokers who can close all those deals bringing tech start-ups to the city. Read more...

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Get to know JLL’s new SVP, Rob Wheeler and where he plans to adventure to next

July 07, 2016 Here's a tip--the next time you're out golfing, don't bother doing a double-take. That's not a young Bill Murray you just saw swinging the golf club, it's Rob Wheeler, senior vice president at JLL. Read more...

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Scott Hariss joins NorthPoint Capital Funding

July 05, 2016 Based in the firm's downtown Chicago office, Harris will focus on placing debt on behalf of NorthPoint Capital Funding’s cadre of correspondent insurance companies, FHA, and direct lending sources. Read more...

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Turning condos into apartments can make good money for developers, investors … if they avoid the pitfalls

July 05, 2016 David Bloomberg has seen the trend: Developers and investors are eagerly seeking to acquire condo buildings and turn them into apartments. This de-conversion trend is taking hold across the Midwest, and developers and investors stand to earn plenty of dollars from it. But Bloomberg, principal at Chicago law firm Chuhak & Tecson, says that converting condos to apartments isn’t always an easy task. There are plenty of potential pitfalls. Read more...

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Chicago confronts “last mile” warehousing needs of e-commerce

June 30, 2016 day delivery of online purchases is not as easy as it sounds. The retailing behemoth garnered some unwanted headlines when it was forced to concede it simply did not have the warehousing infrastructure in place to meet its delivery pledge on Chicago’s South Side. Read more...

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Columbia College Chicago selling vacant Johnson Publishing building in Chicago’s South Loop

June 29, 2016 The building was originally constructed in 1972 but has remained vacant since 2012, when the company moved out. Columbia College acquired the property in 2010 with plans to relocate its library there from 624 S. Michigan Avenue and later to convert it into a student center. Read more...

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Cushman & Wakefield: Cool matters for retailers

June 29, 2016 How cool are the streets running through your neighborhood? If you live or do business from Minneapolis' North Loop neighborhood, those streets might be very cool -- or hip, if you prefer -- indeed. Cushman & Wakefield recently released its Cool Streets of North America report. The report looks behind the rise of the dozens of new edgy retail districts across the United States and Canada. Many of the neighborhoods featured in the report have long been known as cool. But others, like the North Loop neighborhood, are relative newcomers to the world of cool. Read more...

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Average apartment sizes fall to 10-year low

June 28, 2016 Developers continue to add modern multifamily units to cities across the Midwest. And these new units? They're getting smaller. According to RENTCafe, the average size of apartment units completed in 2016 has fallen to 934 square feet. That's the smallest average size for new-construction apartment units since 2006, when the average size stood at 1,015 square feet. Overall, the average size of all U.S. apartment units is 889 square feet, according to RENTCafe. Read more...

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