Retail Midwest Nimbler retailers turning to small-format stores for a boost The reactions when former retail king Sears filed for Chapter 11 bankruptcy earlier this month were predictable, with pundits pointing to the filing as more evidence that physical retail is dying. But not all retailers face the same fate as Sears. Many continue to adapt to the changing shopping habits of consumers.
Legal N Illinois Law firms continue to slash office footprints in Chicago Like most professional service companies, law firms are seeking cost-controlling initiatives. In Chicago, that means that many are reducing their office footprints to attain higher operational savings, according to the 2018 North American Legal Trends Report from CBRE’s law firm practice group.
CRE O Indiana Investors in Indianapolis? They're searching for yield As intermediaries in the sale of investment real estate between institutions, private equity fund managers, REITs, family offices and a multitude of other participants, we are faced with the daily challenge of identifying the correct investment opportunities for the correct investors and their capital sources. Our team constantly asks: “What are today’s investors’ return requirements, and how can opportunities in Indianapolis fulfill those needs?”
CRE N Illinois Rauner on real estate: What’s needed in Illinois While national politics may not always have an effect on local real estate, the Illinois state elections will certainly affect Chicago CRE. Last month, in the midst of what may become the most expensive gubernatorial race in U.S. history, the SIOR Chicago Chapter and AIRE hosted Illinois Governor Bruce Rauner in conversation with David Kahnweiler, SIOR, non-executive chairman of Colliers International.
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Office N Illinois NAI Hiffman secures seven lease transactions at Oak Brook Regency Towers NAI Hiffman has represented American Realty Advisors in seven lease transactions totaling more than 70,000 square feet at Oak Brook Regency Towers.
CRE W Minnesota Ryan unveils concepts for big Ford site redevelopment plan in St. Paul Ryan Companies unveiled its concept for the City of St. Paul, Minnesota’s Ford Site Master Plan during an Oct. 10 presentation at Highland Park Middle School in St. Paul.
Hospitality N Illinois Red Roof expands The Red Collection with Springfield hotel State House Inn, the second property and first franchised property in The Red Collection, Red Roof’s first soft-brand, has opened in Illinois’ capital city, Springfield. Located in the heart of downtown, the property features 125 guest rooms and has undergone a full renovation. The property is owned by Vendian Capital Management and managed by Packard Hospitality Management.
Multifamily b N Dakota NorthMarq sells five-property manufactured housing portfolio in North Dakota NorthMarq Multifamily’s National Manufactured Housing group closed the sale of a five-property portfolio in Minot, North dakota, and the expansion of the team with the addition of broker Jared Bosch.
Industrial X Missouri Kadean Construction to take on $8 million HQ project in St. Louis market Budnick Converting Inc., a private, woman-owned enterprise, has awarded Kadean Construction an $8 million design-build contract to build a 100,000-square-foot headquarters and production facility, doubling the size of the company’s current operations in Columbia, Illinois, in the St. Louis market.
Retail N Illinois NKF advises IT'SUGAR in new, long-term lease on Chicago’s Navy Pier Newmark Knight Frank (NKF) has successfully advised IT’SUGAR in leasing 2,000 square feet at Chicago’s Navy Pier. IT’SUGAR signed the new, long-term lease following NKF’s strategic analyses of suitable locations for an additional Chicago store.
Multifamily X Missouri NorthMarq adds multifamily investment sales division in Kansas City NorthMarq Capital has added a multifamily investment sales division in its Kansas City regional office. Jeff Lamott has joined the organization as senior vice president-NorthMarq Multifamily to continue expansion of the company’s multifamily investment sales business.
Office N Illinois Kopon, Airdo LLC moves to 111 E. Wacker Drive in Chicago Seeking brand new, efficient work space, Kopon, Airdo LLC (Kopon) has signed a 13,343-square-foot, long-term lease at 111 E. Wacker Drive in Chicago. The law firm was represented by Colliers International I Chicago’s Tony Karmin, Corby Marx and John Iglar.
Finance N Illinois Lodge Financial arranges $12M for River North office property Skokie, Illinois-based Lodge Financial has arranged $12,000,000 to refinance a 48,000-square-foot office property located at 435 N. LaSalle Street in Chicago. The loan comes with a five-year term at 75 percent loan-to-value.
Office N Illinois Skender breaks ground on 85k SF training center addition for Laborers' Union Skender, serving as general contractor, recently started construction of a 55,000-square-foot steel structure addition and 30,000-square-foot office renovation to the Laborers’ International Union of North America (LIUNA) Chicagoland Laborers’ District Council Training and Apprentice Fund Training Center.