Industrial N Illinois Chicago big box development ticks up as vacancy continues to fall Chicago’s big box vacancy rate ratcheted down for the second consecutive quarter in Q218, according to Colliers International research. While global instability may affect e-commerce-driven real estate in the future, the product class remains strong for now.
Office Midwest Avison Young: U.S. office market holds steady at mid-year Companies are continiuing to rethink their office needs as technology makes it easier for employees to work remotely. At the same time, others are looking for new office space in the center of urban areas as a way to attract the younger workers who prefer an urban lifesytle.
Finance N Illinois Five tax advantages of buying a commercial property Whether you buy a small apartment or a sizable commercial building, an investment in commercial property typically provides multiple tax breaks for a small company. Your financial or tax advisor can determine exactly how an investment would play out for your business, but many pursue this investment as both a place to run a company and a tax-benefit-rich asset.
Multifamily v Wisconsin Marcus & Millichap: Apartment demand, supply rising in Green Bay A lower cost of living and a decrease in the area’s unemployment rate means more people are looking for apartments in the Green Bay and Fox Valley regions of Wisconsin, according to the latest research from Marcus & Millichap.
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Office N Illinois Pharmaceutical company Iterum Therapeutics relocates U.S. operations to Chicago Newmark Knight Frank (NKF) has successfully advised Iterum Therapeutics US Limited, the U.S. subsidiary of Iterum Therapeutics plc, in leasing 10,318 square feet at 200 S. Wacker Drive in Chicago for its U.S. headquarters. Headquartered in Dublin, Ireland, Iterum Therapeutics is a clinical-stage pharmaceutical company dedicated to developing anti-infectives aimed at combatting the global crisis of multi-drug resistant pathogens.
CRE N Illinois Lakeview mixed-use property sells for $800,000 Marcus & Millichap announced the sale of a 3,000-square-foot, mixed-use property located at 3155 N. Halsted Street in the Lakeview neighborhood of Chicago, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. After attracting multiple offers, the asset sold for $800,000.
Industrial P Kansas Redemption Plus signs 10-year least at Kansas Commerce Center Redemption Plus, an importer of toys and incentive merchandising products, has agreed to a 10-year lease at its current location, 9829 Commerce Parkway in Lenexa, Kansas.
Office N Illinois Video game developer Iron Galaxy moving headquarters to Chicago’s Loop Iron Galaxy Studios, the largest independent video game developer in the Midwest, has signed a lease for 15,291 square feet of space at the National Building in Chicago’s Loop. The move to the National at 125 S. Clark Street, comes at the same time as Iron Galaxy celebrates their 10-year anniversary.
Office L Iowa HDA completes 112,000-square-foot corporate HQ in Davenport HDA Architects has completed a 112,000-square-foot corporate headquarters and distribution center for 7G Distributing in Davenport, Iowa.
Industrial N Illinois Peak Construction awarded Black Creek Group’s Naperville development Peak Construction Corporation has been awarded Black Creek Group’s Naperville DC project. The 131,040-square-foot, speculative facility located on Frontenac Road will feature 32-foot clear height, 149 parking spaces, 22 dock positions and two drive-in doors. The project recently broke ground and is expected to be completed by the end of the year.
Finance N Illinois Wool Finance Partners arranges $4.5M loan Martin Siegel and Gary Wool of Wool Finance Partners have arranged $4.5 million in financing for Pershing Terminal in Stickney, Illinois. The creative loan structure was secured by a 100-percent-leased, 54-door truck terminal and maintenance facility on a 10-acre site.
Retail Midwest Bon-Ton stores in the Midwest heading for auction Real estate advisory and brokerage firm A&G Realty Partners will auction seven department store properties formerly owned by The Bon-Ton Stores, Inc., today in Chicago. The auction includes properties in six states.
Multifamily X Missouri L5 Investments acquires 300-unit apartment community near St. Louis L5 Investments in partnership with BH Equities has acquired Schoettler Village Apartments, a 300-unit apartment community in Chesterfield, Missouri, a submarket of St. Louis.
Net Lease i Ohio Quantum Real Estate Advisors closes $1.6 million sale in Cleveland Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant building at 3040 Fulton Road in Cleveland.