For retail success today? Smaller is better

May 27, 2016 Midwest Real Estate News recently spoke with Jeff Berta, senior director of real estate development with Chicago’s Structured Development, about the state of the retail sector. Berta said that the retail segment is on the rise, with smaller retailers especially doing well today. Read more...

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Chicago Fed’s David Oppedahl describes economy as ‘the tortoise and the hare’ at AIRE and SIOR joint luncheon

May 26, 2016 David Oppedahl, a senior analyst with the Federal Reserve’s Chicago office, told more than 350 members of AIRE and SIOR that today’s economy is a classic example of the tortoise and the hare, performing at fits and starts in a variety of key categories. Read more...

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Celebrating Memorial Day the right way: City forms local real estate association serving veterans

May 26, 2016 VAREP aims to provide a space where real estate and financial service professionals can share ideas, get education and be empowered to better serve the real estate needs of service members, veterans and their families. Read more...

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Opus starts construction on MC Machinery System’s new Elk Grove Village HQ

May 25, 2016 The company currently has operations in Wood Dale, Illinois, but needed to expand due to its growing workforce and need for additional space. The project is slated for December 2016 delivery. Read more...

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Seniors housing is booming, and showing no signs of a slowdown

May 25, 2016 The seniors housing industry has never been stronger, at least according to a new survey that reports a record number of transactions and nearly $20 billion in institutional sales in this commercial real estate segment. Read more...

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JLL Property Income Trust buys Aurora Distribution Center for approximately $27 million

May 24, 2016 This is its second industrial acquisition in this market in the past six months, and the eighteenth property investment it has made in the industrial sector over the last three years. Read more...

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NAI Hiffman completes two leases in I-55 Corridor totaling 267,885 square feet

May 23, 2016 NAI Hiffman represented Sun Life Assurance Company of Canada recently in a 259,744-square-foot lease renewal with WestRock Converting Company at 365 Crossing Rd. in Bolingbrook, Illinois. Read more...

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Waterton’s Zettl: Pace of hotel construction remains strong in Chicago, across the Midwest

May 23, 2016 Several cities across the United States stand to benefit from new hotel construction this year, according to the latest research from Marcus & Millichap, with Chicago leading the way in the Midwest. And a local hospitality professional working the Chicago market also has good things to say about the hospitality industry in the city and its suburbs. Read more...

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Jim Karcz joins DSI as corporate controller

May 20, 2016 He has more than 25 years of accounting and financial experience all within the construction and real estate industry. Read more...

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Retail market a tale of two cities – thriving in downtown Chicago, mixed-bag in the suburbs

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Erica Rogers joins Avison Young Chicago office as VP

May 19, 2016 She will assist with landlord representation services in the Midwest and nationally. Read more...

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New study shows that co-working, flexible office space is on the rise

May 19, 2016 U.S. office buildings are more frequently offering tenants co-working space today, office space that employees from several different companies share as a way to save on the cost of space and equipment. Read more...

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Ernest Fiorante named new chief financial officer of Inland Group

May 18, 2016 He will oversee financial activities, budgeting, bank/lender relationships, accounting and financial strategic planning for Inland. Read more...

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Baum Realty Group’s tenant rep division announces 15 new tenants

May 18, 2016 Baum Realty Group, LLC is now celebrating more than just its 25th anniversary this year. The firm recently announced it has added fifteen new tenants to its list of clients. Read more...

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Free People to bring its boho flair to Chicago’s Fulton Market in new 10,950-square-foot lease

May 18, 2016 Chicago's Fulton Market neighborhood has landed its first major national clothing retailer. Free People has signed a new lease for 10,950 square feet at 1101 W. Randolph St., and will occupy two floors. Read more...

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Joe Caputo sites land new owner at auction after $32 million bid

May 18, 2016 The Joe Caputo & Sons Northwest grocery centers and assets put up for auction last month sold to Piggly Wiggly for a total of $32 million during its May 12 public auction at the Hyatt Regency in Rosemont. Read more...

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Four benchmarks for evaluating new hotel projects

May 18, 2016 The hospitality sector is in the sixth year of a bull run after the 2009-2010 economic downturn. Most markets across the country are enjoying record-high occupancies, while daily room rates and top-line revenue growth have been strong. It’s been exciting times and all good news, but there’s more downside risk today than there was a few years ago. Now, greater deal selectivity is prudent, and the best developers and operators will outshine the competition. Read more...

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Dallas-based investment firm buys shopping plaza in Batavia, Illinois

May 17, 2016 The 91,415-square-foot Fabyan Randall Plaza, anchored by Trader Joe's and Walgreens in Batavia, Illinois, has sold to Dallas-based Netco Investments, Inc. Read more...

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EEA promotes Chris Keppner, Tom Petermann to principals

May 15, 2016 Keppner joined EEA in 2013 as the Chicago operations manager and Petermann joined EEA in 2013 as a senior project manager. Read more...

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Rich Hamilton to lead Cushman & Wakefield’s 3PL speciality practice

May 13, 2016 Rich Hamilton has joined Cushman & Wakefield as managing director and head of the commercial real estate services firm’s newly formed 3PL Logistics Specialty Practice Group. Read more...

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