Retail Midwest Will we miss grocery store checkout lines? Hate standing in line at the grocery store? You might be in luck. A new report from CBRE predicts that the grocery store checkout line will disappear within 10 years. Behind this big move? Technology, of course.
Multifamily N Illinois Chicago's condo and rental markets: A mid-year check-up As the Chicago area continues to create high-paying white-collar jobs, the demand for housing has kept up. How has the multifamily sector performed during the first half of 2019, and does the outlook for the rest of the year suggest that developers and brokers will be busy?
CRE V Michigan Midwest Commercial Hall of Famers share insights at Michigan CCIM event More than 75 of metropolitan Detroit’s top real estate professionals attended CCIM - Michigan Chapter’s Lunch and Learn Hall of Fame Brokers panel on June 6 in the auditorium at the One Town Square building in Southfield, Michigan.
Industrial N Illinois Stormwater detention: The new convention There is one unifying concern on every industrial project that goes up in Chicago, whether it be a redeveloped infill warehouse or a new million-square-foot logistics center: water. Every site must include stormwater mitigation into the design to meet strict environmental regulations.
Join us June 27, 2019 5th Annual Cleveland Commercial Real Estate Summit Windows on the River2000 Sycamore StCleveland, OH More Information & Registration
Office N Illinois Sterling Bay leases 40,000 SF in Fulton Market to accounting giant EY EY, the big-four accounting giant formerly known Ernst & Young, has signed a lease for 40,000 square feet on the ninth floor at 333 N. Green Street. The building, which is the latest development from Sterling Bay in Chicago’s hot Fulton Market District, is scheduled for completion this year.
Office N Illinois Sara Lee opens R&D facility within Oakbrook Terrace headquarters Sara Lee Frozen Bakery celebrated a sweet addition to its recently launched Oakbrook Terrace, Illinois headquarters with the opening of a 10,000-square-foot R&D innovation center and test kitchen. The facility, the “Kitchens of Sara Lee,” will focus on the innovation and expansion of new flavors and product lines for the dessert product manufacturer.
Industrial N Illinois Brown Commercial Group negotiates 30,227-SF industrial sale Brown Commercial Group negotiated a 30,227-square-foot industrial building sale in Chicago’s western suburbs. Senior broker Jim Pietrarosso represented Foderaro Investment Partnership Corp. in selling the building at 31w222 W. Bartlett Road in Bartlett, Illinois. Financial terms were not disclosed.
CRE V Michigan Bradley Company closes million-dollar sale in Grand Rapids Bradley Company closed on a commercial condominium transaction at 60 Monroe Center in Grand Rapids, Michigan, that was valued at more than $1 million.
Office N Illinois Leopardo completes 23,000-SF Fulton Market build-out for Revolution Leopardo recently completed a 23,000-square-foot build-out for Revolution, an integrated and brand-focused sports marketing agency now headquartered in Chicago’s Fulton Market neighborhood. The build-out took place on the 9th floor of Sterling Bay’s latest development at 210 N. Carpenter Street.
Hospitality i Ohio Ground-breaking planned for Ashtabula City's first new hotel in decades The Riverbend Hotel, the first new hotel development in nearly a century in Ashtabula City, Ohio, will host a ceremonial ground-breaking June 26. The event will take place at the future hotel site at 533 Goodwill Drive, on the corner of West 6th Street and Goodwill Drive, just off historic Bridge Street/5th Street.
Industrial N Illinois Machine tool distributor Yamazen relocating to seven-acre Elk Grove Village property CBRE recently represented National Roofing Contractors Association in the sale of a vacant, seven-acre site at the Northwest Point Office Park in Elk Grove Village, Illinois to Yamazen, Inc. Yamazen will relocate its headquarters to the new location, 111 Northwest Point Boulevard.
Hospitality L Iowa Marriott hotel near Cedar Rapids opens its doors Martiott International’s TownePlace Suites by Marriott Cedar Rapids/Marion opened for business June 17 in Marion, Iowa.
Seniors Housing N Illinois New senior living community opening in Glenview, IL Atria Glenview, a new senior living community offering 59 independent and assisted living apartments as well as 24 memory care apartments is set to open on June 20, 2019. The senior living community, developed by Atria Senior Living, is located at 4700 W. Lake Avenue, Glenview, Illinois.
CRE X Missouri St. Louis' Tarlton acquires carpentry contractor Waterhout Construction president and chief executive officer Renee Bell announced that she has approved a sale of the St. Louis-based carpentry contractor to Tarlton Corp., a construction company also based in St. Louis.