Industrial N Illinois As Chicago industrial expands, investors target familiar areas The Chicago logistics industry remains on stable footing as steadily growing wages and accelerating household formation are driving demand for more e-commerce-driven warehouse space. And according to Marcus & Millichap’s second half 2018 industrial research market report, developers looking to expand Chicago’s 1 billion-plus square-foot inventory are locating in familiar spots.
Industrial V Michigan How low can the industrial vacancy rate go in West Michigan? How strong was the industrial market in the West Michigan region in the third quarter? NAI Wisinski of West Michigan, in its latest report, said that the industrial vacancy rate stood at 1.6 percent during the quarter.
CRE N Illinois Five steps to create an emergency preparedness plan for your property Managing a commercial property comes with enormous responsibilities. Being prepared for on-site emergencies stands as one its biggest challenges. I speak from experience.
Office Q Kentucky CBRE: Louisville office sector strong heading into end of year The Louisville office market maintained its momentum, recording its second consecutive quarter of positive absorption, according to the latest research from CBRE.
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Office N Illinois Redeveloped Loop building, The National, selling for $200M Blue Star Properties and investment is reportedly about to make quite a return on The National. After acquiring the 20-story building in 2015 from Chicago Public Schools, Blue Star has lined up Commerz Real, a German real estate leasing and financing firm, to purchase the building for over $200 million.
Office p Tennessee Investment firm to anchor office tower at Nashville's Fifth + Broadway Global investment firm AllianceBernstein will anchor its global headquarters at Fifth + Broadway, the 6.2-acre mixed-use development in downtown Nashville.
Retail N Illinois Multi-tenant retail property sells in Pekin for $1.3M Marcus & Millichap announced the sale of a 5,400-square-foot retail property located at 3574-3578 Court Street in Pekin, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,300,000.
Retail V Michigan Metro Commercial brings two new EDGE fitness centers to Michigan Metro Commercial Real Estate has brokered six new locations for The EDGE Fitness Clubs in Michigan, Pennsylvania and Delaware.
Industrial N Illinois Brown Commercial completes industrial sale in Chicago suburbs Brown Commercial Group has completed the sale of a 12,000-square-foot industrial building at 1800 N. 15th Avenue in Melrose Park, Illinois. The property is on 0.3 acres with close proximity to North Avenue and Chicago’s O’Hare International Airport, a desirable location for many manufacturing and distribution tenants.
Retail V Michigan Bernard Financial provides $975,000 loan for Michigan retail property Bernard Financial Group closed a $975,000 loan for a 7,225-square-foot retail property in Gaylord, Michigan.
Healthcare V Michigan Colliers closes 7,300-square-foot medical office lease in Detroit market Colliers International closed a 7,300-square-foot lease of Class-A medical space on the first floorof Orchard Trails Medical at 23133 Orchard Lake Road in Farmington Hills, Michigan.
Multifamily i Ohio High-end apartment complex under construction at Cincinnati development The pedestrian-friendly, live-work-play community The District at Deerfield in the Cincinnati market continues to take shape with two significant steps: Developers have broken ground on the high-end apartment community that will be one of its centerpieces and Deerfield Township has begun construction on a key road extension.
Industrial N Illinois Marcus & Millichap arranges sale of North Aurora self-storage facility Marcus & Millichap announced the sale of Randall Road Self Storage, a self-storage facility located in North Aurora, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office.
Seniors Housing N Illinois Multicultural retirement community, Verandah, to open in suburban Chicago Aman Living, a Frankfort, Illinois-based developer will host a grand opening of its newest Chicago-area development, Verandah Retirement Community on October 28. Located at 900 Irving Park Road in Hanover Park, Illinois, Verandah is designed to celebrate a variety of ethnic lifestyles, such as Indian, American and Asian.