Industrial N Illinois Industrial Insider: The basics of blockchain The first “blockchain” was conceptualized by a person known as Satoshi Nakamoto in 2008. He modified the original design which was implemented the following year as a core component of the cryptocurrency, Bitcoin, where it now serves as the public ledger for all transactions on the network.
Retail Midwest Marcus & Millichap report finds the hope in retail No one denies that the nation’s retail sector is evolving. Retailers today have to change or, as the fate of once-dominant retailers such as Sears and Toys R Us proves, they will fall into bankruptcy. But there are signs of hope in this sector, if you look in the right places.
CRE Midwest REjournals set to host 17th annual Real Estate Forecast Conference REjournals is busy assembling speakers, panels and sponsors for the 17th Annual Commercial Real Estate Forecast Conference being held on Tuesday, January 8, 2019 at the Hyatt Regency Chicago.
Office N Illinois First look at "Halas Hall South," the Chicago Bears' new Wacker Drive office For many years, the Chicago Bears have maintained offices in the bowels of Soldier Field for the corporate partnerships and suite sales/service departments. This year, the team called an audible, and decided to shift most of the staff members to a new space in Chicago’s Loop.
Join us January 8, 2019 17th Annual Commercial Real Estate Forecast Conference Hyatt Regency Chicago151 E Upper Wacker DrChicago, IL More Information & Registration
Office N Illinois BMO Tower coming to site adjacent to Chicago's Union Station BMO Harris Bank has confirmed that it will anchor the new 50-story office tower planned for the parcel just to the south of Union Station. Developed by Riverside Investment & Development and Convexity Properties, in partnership with the bank, the project will bring approximately 3,600 BMO employees to 14 floors of the 700-foot building, which is scheduled for completion in 2022.
CRE W Minnesota Kraus-Anderson to build psychiatric treatment facility in Minnesota Minnesota’s children and youth with mental health needs will soon have a state-of-the-art healing facility where they can receive therapeutic and educational services under one roof. Thanks to a partnership with The Hills Youth and Family Services, Kraus-Anderson, TKDA Architects and Northeast Metro 916, the construction of a 60-bed psychiatric residential treatment facility will soon begin in East Bethel, Minnesota, at 900 189th Ave. NE.
Net Lease o S Dakota Boulder Group closes sale of Shopko in South Dakota The Boulder Group closed the sale of a single-tenant net-leased Shopko Hometown property at 2105 Lazelle St. in Sturgis, South Dakota, for $2.052 million.
Multifamily N Illinois Albany Park multifamily property sells for $127,777 per unit A nine-unit multifamily building sold at 3101 W. Leland Avenue in Chicago’s Albany Park neighborhood. SVN Chicago Commercial advisors Paul Cawthon and Angelo Labriola represented the seller in the transaction. The asset sold for $1,150,000, obtaining one of the highest prices per unit for an un-renovated property in that immediate area.
Finance W Minnesota CBRE team closes more than $52 million in financing in November Joel Torborg and Ben Bastian of CBRE Minneapolis’s Debt and Structure Finance team arranged more than $52.3 million in SBL financing across 22 properties with 672 units in the month of November. Included within that total were two large multifamily portfolios in the popular Uptown and Eat Street neighborhoods of Minneapolis.
Retail V Michigan Colliers International brings Korean chicken restaurant to Grand Rapids A new fried chicken franchise has entered the Grand Rapids, Michigan, market, thanks in part to Colliers International|West Michigan. Bonchon, which offers Korean fried chicken and Asian fusion cuisine, opened Dec. 1 at 2321 E. Beltline Ave. NE.
Retail N Illinois Kudan Group closes retail transaction in Bolingbrook Chicago-based commercial real estate brokerage Kudan Group recently facilitated the sale and lease assignment of Chick N Run Restaurant at 126 W. Boughton Road in southwest suburban Bolingbrook. Kudan Group broker associate and suburban market specialist, Chad Severson, handled the transaction.
CRE N Illinois Darwin Realty holds annual holiday party Darwin Realty hosted its annual holiday party on Friday, November 30th. The event was held at Chez at 247 E. Ontario Street in Chicago’s Streeterville neighborhood.
Net Lease V Michigan Friedman sells net-leased flooring property in Michigan Friedman Real Estate recently sold a NNN leased Art Van Flooring property located at 46511 Van Dyke Ave. in Shelby Township, Michigan.
Multifamily N Illinois Pre-leasing begins at Old Town boutique rental property, 1325 N. Wells Chicago-based Spaces Real Estate has started pre-leasing at 1325 N. Wells, a new boutique rental community in Chicago’s Old Town neighborhood. Developed by Sedgwick Properties, the 60-unit community will be managed by Laramar Group, with first move-ins scheduled for early 2019.