CRE N Illinois CRE Future Leaders: Willie Hoag As part of our series, CRE Future Leaders, we caught up with Willie Hoag, a tenant representation specialist for Mid-America Real Estate Corporation. Hoag has coordinated efforts for national retailers new to the Chicago market, as well as existing retailers who seek to change strategy or re-brand themselves through their real estate efforts.
CRE p Tennessee Not a consolation prize: Amazon to build operations center in Nashville The Midwest missed out on Amazon’s second headquarters sweepstakes, with the online giant choosing New York City and the suburbs of Washington, D.C., to split its much-desired HQ2.
Finance Midwest Commercial lenders far from slowdown mode as financing requests keep flowing The commercial real estate business has been on a hot streak for nearly a decade now. This streak has fueled the business of developers and brokers while reshaping the downtowns and suburban areas of cities across the Midwest. But it’s also kept commercial financing pros extremely busy.
Finance N Illinois Financing outlook for 2019: No major disruption, fundamentals remain key With the mid-term elections now past us, there are fewer unknowns for commercial real estate financing going into 2019. Fewer, but certainly not zero as issues like a brewing trade war, interest rate hikes and Illinois’ turbulent political situation all have the power to affect the availability of CRE funds.
Join us January 8, 2019 17th Annual Commercial Real Estate Forecast Conference Hyatt Regency Chicago151 E Upper Wacker DrChicago, IL More Information & Registration
Retail N Illinois Structured Development to develop final phase of Orland Park "triangle" property The village of Orland Park, Illinois has selected Structured Development LLC to develop the final phase of the southwest suburb’s downtown Main Street “Triangle” property. In a unanimous vote, the village’s Board of Trustees chose Structured Development to complete the five remaining parcels—collectively comprising approximately nine acres—in the 27-acre “Triangle” master plan.
Retail N Illinois Former Kmart location in Zion sells, to be converted to self-storage Colliers International | Chicago’s Patrick Turner and Brendan Green represented JSM Venture, Inc., led by Charlie Mengel, in the $2.3 million acquisition of a vacant 90,426-square-foot former Kmart located at 3355 Sheridan Road in Zion. JSM Venture will convert the building into an indoor self-storage facility with 69,750 rentable square feet.
Industrial N Illinois Entre Commercial completes lease for Rockford Systems relocation Entre Commercial Realty, LLC has completed a long-term sublease agreement on behalf of Rockford Systems, LLC, on a facility at 5795 Logistics Parkway in Rockford, Illinois. Rockford Systems delivers trusted machine safeguarding solutions for organizations working with industrial machinery.
Multifamily N Illinois South Shore multifamily property closes at record price per unit Full-service commercial real estate advisory firm SVN Chicago Commercial completed the sale of a 27-unit multifamily building at 7548-7558 S. Colfax Avenue in Chicago’s South Shore neighborhood. The asset sold for $2,275,000, or $84,260 per unit.
Retail O Indiana Quantum closes $1.2 million retail sale in Northwest Indiana Quantum Real Estate Advisors has brokered the sale of a multi-tenant retail building at 5878-5991 Central St. in Portage, Indiana. The property sold for $1.235 million.
Office N Illinois Construction begins on The Oxxford in Chicago's West Loop The Missner Group has begun construction at the Oxxford, located at 1220 W. Van Buren Street in Chicago. The Missner Group plans to redevelop the current seven-story, 115,000-square-foot office, showroom and manufacturing building into a nine-story, 140,000-square-foot, Class A, loft office/commercial building to further support the growing demand of companies seeking a West Loop location.
Retail N Illinois Shopping center in Chicago’s Northwest suburbs sells for $32.5M A fund managed by New York-based DRA Advisors has partnered with Northbrook, Illinois-based Pine Tree, LLC to acquire The Shops at Kildeer, a 171,339-square-foot shopping center in the affluent Chicago suburb of Kildeer, Illinois, for the purchase price of $32.5 million.
Industrial X Missouri Mid-States buys former Toys R Us distribution center in Lee's Summit Mid-States Distributing, LLC has purchased the 725,769-square-foot former Toys R Us Kansas City distribution center at 420 SE Thompson Drive in Lee’s Summit, Missouri.
Multifamily i Ohio Market, wellness cafe coming to City Club Apartments CBD Cincinnati City Club Apartments has executed a lease for a 10,000-square-foot European-inspired specialty market and a 1,000-square-foot wellness café on the first floor of its City Club Apartments CBD Cincinnati apartment and penthouse community at the corner of Third and Vine in Cincinnati.
CRE W Minnesota Kraus-Anderson donates $50,000 to Minnesota organizations The Kraus-Anderson Community Foundation on Nov. 12 presented $50,000 to two beneficiaries of the 2018 Kraus-Anderson Bike Duluth Festival, whose profits support community organizations that make Duluth, Minnesota, a better place for its residents and visitors. Cyclists of Gitchee Gumee Shores (COGGS) and the Gary New Duluth Development Alliance (GNDDA) each received $25,000.