CRE N Illinois What’s really included in a tenant improvement allowance? Companies planning to move their offices have plenty of factors to consider, including whether to move into a new building or renovate a space in an older building. In either scenario, building owners offer tenant improvement (TI) allowances to help with the cost of making the space your own.
Office i Ohio Marcus & Millichap: Job growth boosts Ohio office sector The immediate future of the office sector in Columbus looks bright, as job growth spurs demand for office space, causing rents to rise and vacancies to drop.
CRE N Illinois For this construction firm, it’s the power of the people Successfully launching a new business simply isn’t possible without taking into account the human factor—at both the employee and client level. That’s the premise behind ACCEND, a general contracting firm that recently launched in Chicago.
Multifamily Midwest Opportunity Zone program already making impact in Midwest When the Opportunity Zone program became law as part of the 2017 Tax Cuts and Jobs Act it brought with it hope for investors and low-income communities. But now that 2019 is well underway, has the opportunity zone program resulted in new projects in the Midwest?
Join us April 26, 2019 16th Annual CIP Industrial Summit Hamburger University Auditorium2715 Jorie BlvdOak Brook, IL More Information & Registration
Retail V Michigan Martin Commercial closes three retail leases at Holland Town Center Martin Commercial Properties has closed three recent leases of retail space at the Holland Town Center retail center in Holland, Michigan. Robert Lotzar of Martin Commercial represented the owner in all three lease transactions totaling 6,300 square feet.
Industrial V Michigan Colliers closes 137,000-square-foot industrial lease near Detroit Colliers International has closed the lease of 137,560 square feet of industrial space at 50 Continental Drive in Auburn Hills, Michigan.
Net Lease i Ohio B+E selling Tesla property in Cleveland area B+E is marketing the Tesla retail property at 5180 Mayfield Road in Lyndhurst, Ohio, for sale for $6 million.
Office N Illinois J.C. Anderson completes renovation project at Schaumburg Corporate Center J.C. Anderson has completed a 100,000-square-foot renovation project at 1501 Woodfield Road (Schaumburg Corporate Center) in Schaumburg, Illinois. Property owner GlenStar Properties hired J.C. Anderson to complete the large capital improvement project, which consisted of a new tenant lounge, new conference center, a new management office and other refurbishments.
Multifamily i Ohio NorthMarq closes financing for 298-unit apartment project in Cincinnati Noah Juran, senior vice president of NorthMarq’s Cincinnati office, arranged financing for RED Apartments, a 298-unit multifamily property at 5110 Herringbone Drive in Cincinnati.
Multifamily N Illinois Goldbay Advisors brokers sale of Des Plaines multifamily property Goldbay Advisors Inc. has closed the sale of a 16-unit apartment building located in Des Plaines, Illinois. Alexander Stoyanov, managing partner, represented the seller and Jonathan Gil, managing partner, represented the buyer in the transaction. The building sold for $1,380,000.
Industrial O Indiana Cushman & Wakefield negotiates 506,000-square-foot industrial lease in Indiana Hydra Warehouse of Jeffersonville, LLC signed a lease to take the entire 506,177-square-foot Class-A industrial warehouse at 300 Hilton Drive in the River Ridge Commerce Center in Southern Indiana.
Office N Illinois Next Realty acquires Arlington Executive Plaza medical/general office complex An affiliate of Next Realty, LLC announced the acquisition of Arlington Executive Plaza, a medical and general office complex consisting of six single-story buildings located at 3335 – 3385 N. Arlington Heights Road, Arlington Heights, Illinois. Terms of the acquisition—the fourth for Next Realty Fund IX, LP, a fully diversified investment vehicle—were not disclosed.
Office V Michigan Friedman closes $26 million in loans for Michigan office buildings Friedman Finance recently arranged loans totaling $26.5 million secured by two suburban office buildings in Troy, Michigan. Ryan Denomme, Director of Friedman Finance, originated the loans through a regional bank.
Finance N Illinois Cohen Financial arranges acquisition loan for boutique hotel in Streeterville Cohen Financial, a division of SunTrust Bank and a national real estate capital services firm, announced that Dan Rosenberg, managing director, and Matt Terpstra, vice president in the Chicago office, closed $16.85 million with Prime Finance for the acquisition of the Ivy Boutique Hotel.