Law firm DLA Piper moves Chicago headquarters to West Loop office tower

February 24, 2017 Law firm DLA Piper has moved its Chicago office to River Point, a 52-story office tower at 444 W. Lake St. along the Chicago River. The office had previously been located at 203 N. LaSalle. Read more...

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Reed Construction wraps corporate headquarters renovation project in Northfield

February 24, 2017 Reed Construction recently completed a corporate headquarters for Medline Industries, Inc. at 3 Lakes Drive in Northfield, Illinois. Renovations encompassed more than 530,000 square feet in the space that formerly housed Kraft Food’s corporate headquarters. Read more...

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Illinois’ LM Commercial promotes two industrial pros

February 23, 2017 LM Commercial Real Estate in Clarendon Hills, Illinois, recently promoted commercial brokers Mike Merry and Brian Wabick to vice presidents in the firm's industrial division. Read more...

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SVN|Chicago earns key production award

February 23, 2017 SVN|Chicago Commercial was recently named the top office out of more than 200 SVN offices globally. Read more...

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Leopardo Companies completes 128,000-square-foot Grubhub expansion in Chicago

February 23, 2017 Leopardo Companies, Inc. recently completed a 128,000-square-foot phased renovation and expansion of Grubhub’s Chicago headquarters in the Burnham Center at 111 W. Washington St. Read more...

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Millennium Properties sells 15,000-square-foot retail center in Lombard

February 23, 2017 Millennium Properties R/E recently brokered the sale of a 15,500-square-foot neighborhood retail center in Lombard, Illinois, for $1.2 million. Read more...

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More good news for multifamily brokers, developers: Number of renter-dominated cities keeps growing

February 23, 2017 Here is some good news for brokers and developers working in the multifamily business: In 21 U.S. cities with a population of 100,000 or more, more than 50 percent of the households are made up of renters, And according to research from ABODO, the number of cities that can claim this is only going to grow. Read more...

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Chicago’s Sterling Bay adds two SVPs

February 23, 2017 Chicago's Sterling Bay has added two new hires to its ranks. Kevin Donohoe and Jesse Slack have each been named vice president, and will focus on the firm’s growing portfolio and third-party leasing assignments. The duo joins from Avison Young, where they were members of the firm’s Landlord Representation Group. Read more...

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Good news, bad news: Industrial values are up … So are property taxes

February 23, 2017 Since the start of the recovery from the 2008 recession, we have witnessed incredible growth in Chicago’s industrial market. And with that growth comes a rise in property taxes. Read more...

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Builtech Services to serve as general contractor for 370,000 square feet of retail space in Illinois

February 22, 2017 Builtech Services is working with three development teams as general contractor for 370,000 square feet of retail space in Illinois. The Plaza at Evergreen Park, Retail at the Fields, and Hoffman Plaza will revitalize three corners throughout Illinois. Read more...

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Chicago’s Holabird & Root names new principal

February 22, 2017 Chicago-based architecture firm Holabird & Root has promoted Rusty Walker to principal. Read more...

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Want to spend less on commercial construction costs? Build now, not later

February 22, 2017 Ready to tackle a large-scale commercial construction project? Mortenson has some advice: Build now. Read more...

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Illinois’ Missner Group adds assistant property manager

February 22, 2017 Justin Sewell has joined Des Plaines, Illinois-based The Missner Group as an assistant property manager. Read more...

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Newmark Grubb Knight Frank closes three industrial transactions in Chicago area

February 21, 2017 Newmark Grubb Knight Frank recently arranged three industrial lease transactions totaling 131,065 square feet on behalf of Good News Publishers, Zilber Property Group and Caldic USA Inc. Led by Adam Marshall, senior managing director, and Mark Deady, director, all three recent transactions were completed in the fourth quarter of 2016. Read more...

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Illinois’ LM Commercial Real Estate expands staff by three

February 21, 2017 Clarendon Hills, Illinois-based LM Commercial Real Estate hired Andrew O’Connell as director of real estate investment sales' Nate Ecker as a development associate and Josh Sinnema as a local leasing broker. Read more...

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E-commerce inspiring industrial leaders to take over space in urban areas

February 21, 2017 E-commerce continues to fuel many aspects of Chicago’s industrial market, which is seeing considerable activity heading into the second quarter of 2017. While e-commerce is often viewed from the perspective of Amazon.com and its proliferation of warehouse and distribution space, there is much more to the e-commerce picture. Read more...

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Marcus & Millichap names senior vice president of investment in Chicago office

February 17, 2017 Marcus & Millichap has named Kyle Stengle of the firm’s Chicago Downtown office as a senior vice president of investments. Read more...

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Chicago’s KIG adds sales director

February 17, 2017 Chicago multifamily brokerage KIG recently added a new sales director and made a key promotion. Read more...

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Avison Young: Chicago industrial market full of “renewed vigor”

February 16, 2017 Renewed vigor. Those are the words that Avision Young used to describe the Chicago industrial market at the end of the fourth quarter of 2016. And that's a description sure to please the CRE professionals who work this market. Read more...

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Capital One provides $16 million loan for Joliet skilled-nursing facility

February 16, 2017 Capital One announced has provided a $16.8 million fixed-rate, HUD 232/223(f) loan to refinance a 272-bed skilled-nursing facility in Joliet, Illinois. Senior vie president Joshua Rosen originated the transaction. Read more...

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