Hospitality N Illinois Why Facebook and Airbnb might lead to more hotel rooms in Chicago Hotel occupancy in Illinois remained flat during the past four quarters, according to a Marcus & Millichap research report. But the sector might get a boost in Chicago from, of all places, tech firms.
CRE N Illinois CRE Future Leaders: Jared Larson As part of our series, CRE Future Leaders, we caught up with Jared Larson, vice president of asset management and investment at Sterling Bay. Since joining Sterling Bay in 2014, Larson has worked in a broad spectrum of the industry, including acquisitions, dispositions, financing, capital markets, asset management and development. His efforts have been focused on Chicago’s Fulton Market district, including the new McDonald’s headquarters.
Finance Midwest Associated Bank's Schmidt: Industrial leading the way for financing requests Paul Schmidt is a veteran of the commercial finance business. And as executive vice president and head of commercial real estate based in the Minneapolis office of Associated Bank, he knows the market in the Midwest.
Industrial Midwest The key to attracting development? Communities need to tackle the labor problem Developers face a common problem: It’s a challenge to find enough skilled labor to build industrial facilities, office towers and medical office buildings. And when that labor is available? It’s expensive.
Join us October 26, 2018 15th Annual Transportation & Logistics Conference McDonald’s Hamburger University2715 Jorie BlvdOak Brook, IL More Information & Registration
Multifamily N Illinois McShane Construction completes seven-story, mixed-use building McShane Construction Company recently completed Parkview Apartments in downtown Arlington Heights, Illinois for client UP Development. The seven-story building is situated at the southwest corner of Dunton Avenue and Eastman Street in close proximity to nearby restaurants, cafes, stores, parks and the Arlington Heights Metra Station.
Industrial v Wisconsin Morgan/Harbour completes Wacker Neuson Logistics expansion in Wisconsin Morgan/Harbour Construction has completed construction on the Wacker Neuson Logistics expansion in Germantown, Wisconsin. The project includes a pre-engineered steel canopy structure built to expand their existing 130,680 square foot main building, new truck parking area, three operator-controlled, 24-foot sliding gates, fencing, detention areas and new landscaping.
Seniors Housing N Illinois Pathway to Living acquires 101-unit senior living facility in Chicago market Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, has completed its acquisition of Grandbrier of Prospect Heights, a 101-unit senior living community in Prospect Heights, Illinois, a northwest suburb of Chicago.
Net Lease N Illinois Highland Park net-leased property sells for $4M Marcus & Millichap announced the sale of a 3,408-square-foot, net-leased property located at 2030 Skokie Valley Road, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. After multiple offers, the property sold for $4,100,000 in an all-cash transaction to a local 1031 exchange buyer.
Retail N Illinois Champion Athleticwear opens Wicker Park store, its first in Chicago Champion Athleticwear has expanded its retail footprint with its first store in Chicago and its third in the U.S. overall. The grand opening at 1520 N. Milwaukee Avenue took place over the weekend on Saturday, September 15.
Office N Illinois O’Hare International Center sells, will undergo $5M capital improvement Bridge Investment Group’s office division acquired O’Hare International Center (“OIC”), a pair of nine-story, Class-A office towers adjacent to O’Hare International Airport in Rosemont, Illinois. More than $5 million in capital improvements are planned for the campus, with renovations expected to begin in mid-October.
CRE N Illinois Skender completes Loyola University Chicago engineering science flex lab Skender, serving as base building and interior construction manager, has completed the construction of Loyola University Chicago’s new 10,000-square-foot engineering science flex laboratory, located near the intersection of North Broadway and Sheridan Road. The mission of the new single-story building is to provide an open and collaborative environment for the university’s engineering science program and its active learning framework.
Retail N Illinois Home decor retailer At Home opens 100k SF store in Elmhurst At Home Group Inc. opened its newest location at 265 Illinois 83 in Elmhurst, Illinois, on Sept. 19. The new Elmhurst At Home location is the fifth in the state and the fourth in the Chicago area. The 100,000-square-foot home decor superstore offers more than 50,000 items, from furniture to housewares.
Multifamily X Missouri Berkadia sells 380-unit apartment development in Kansas City Berkadia closed the sale of Plaza East, a garden- and townhome-style multifamily property in Kansas City, Missouri.
Office N Illinois Bystronic breaks ground on new North & South American market region HQ Bystronic, a developer, manufacturer and supplier of laser cutting, press brake and metal bending systems, held a groundbreaking ceremony for their new advanced Experience Center and U.S. corporate headquarters. The 162,875-square-foot facility will be located in the western Chicago suburb of Hoffman Estates, Illinois, directly off of Interstate 90.