CRE N Illinois CRE Future Leader: Tristen Heimann Tristen Heimann, director of residential rentals at Luxury Living Chicago Realty, has become a top-producing Chicago rental broker, having assisted hundreds of clients with his expertise in the downtown neighborhoods. He has a true appreciation for the city’s progressive architecture and provides a level of detailed knowledge and understanding that goes beyond just the typical apartment showing.
Office Midwest Plenty to like about office market's performance in 2018 It doesn’t matter how you measure it, the U.S. office market enjoyed a strong year in 2018. Demand for office space rose throughout the year. Vacancy rates fell to record lows. Rents rose across the country. And sales volume held steady.
Office N Illinois Beyond the mega-project: How smaller redevelopment projects are shaping the suburban office market While some large corporations have bet on the benefits of moving their headquarters downtown, the revival of dozens of suburban office buildings is convincing many other companies to remain in the suburbs and enjoy the urban feel of a redevelopment. Today’s employees appreciate a workplace that allows for activity-based work and amenities throughout the space—which older building’s original layouts may not support.
Multifamily Midwest Affordability in tech hubs? You can find it in the Midwest Cities across the country, and across the Midwest, are scrambling to attract tech businesses. This isn’t surprising: These jobs are attractive. With enough of them, new residents will flock to a city. But when a city becomes a tech hub, can those new workers actually afford to live in them?
Join us May 29, 2019 2nd Annual Deconstructing Deconversion Summit Maggiano’s516 N Clark StChicago, IL More Information & Registration
CRE N Illinois Newmark Knight Frank wins 2018 Office Property Representative of the Year The team of Bill Rolander, Jon Cordell, Jason Houze and Jessica O’Hara of Newmark Knight Frank’s (NKF) Chicago office were awarded the Greater Chicago Food Depository’s (GCFD) 2018 Office Property Representative of the Year award. The prestigious award was announced during GCFD’s 31st annual Chicago Commercial Real Estate Awards dinner, which was held on March 14th at the Hilton Chicago.
Industrial p Tennessee Fortress, Sansone acquire 700,000-square-foot distribution center in Nashville Fortress Investment Group LLC and Sansone Group announced that certain Fortress managed funds, in partnership with Sansone Group, have acquired a 709,651-square-foot industrial distribution facility in Nashville’s fast-growing I-840 corridor.
Multifamily N Illinois Apartment Investment Advisers brokers sale of three-building South Side portfolio Apartment Investment Advisers (AIA) recently closed the sale of a three-building, 77-unit apartment portfolio in Chicago. The properties, all on the city’s South Side, sold for a combined $2,679,000.
Finance W Minnesota Cadence opens office in Minneapolis Cadence, a growing capital markets intermediary with a primary focus on raising equity for commercial real estate developers and sponsors, opened a new regional office in the greater Twin Cities area. The new office, at 3601 Minneapolis Drive in Minneapolis, is the third for Cadence, which also has offices in Denver and Chicago.
Retail N Illinois SVN brokers Arlington Heights retail sale to out-of-state investors The Esplanade at Arlington Heights—an 18,419-square-foot retail center at 2920-2964 W. Euclid Avenue, Arlington Heights, Illinois—sold to an out of state investor. Tim Franz and John Livaditis of SVN Chicago Commercial represented the seller in the transaction, a private real estate investment group. After generating multiple offers, the shopping center sold for $4,390,000.
CRE V Michigan Clark Construction Company expands in Michigan Clark Construction Company opened a new office in Alpena, Michigan. This extends Clark’s reach across Northern Michigan and the state’s Upper Peninsula.
Healthcare N Illinois HFF closes sale of Lakeshore Medical Center in Chicago HFF announced the sale of Lakeshore Medical Center, 4700 North Marine Drive in Chicago. HFF marketed the Class A medical office building on behalf of the seller, a partnership between CarVal Investors and Zeller Realty Group, and procured the buyer, an institutional investor.
Finance c Nebraska NorthMarq secures $5 million acquisition of Omaha office property Bob Chalupa, senior vice president of NorthMarq’s Omaha-based regional office, arranged the $5.2 million acquisition of a 61,120-square-foot office property at 10802 Farnam Drive in Omaha, Nebraska.
Office N Illinois Savills facilitates Intelligent Medical Objects' downtown Chicago expansion Savills completed a 13,424-square-foot lease on behalf of medical technology company, Intelligent Medical Objects (IMO), in Chicago’s historic Inland Steel Building at 30 W. Monroe Street. This move marks a new downtown presence for the company, which relocated its headquarters to Rosemont, Illinois in February. With both leases complete, the company has increased its overall footprint by almost 100 percent.
Multifamily W Minnesota Leasing begins at Elevate apartment project in Eden Prairie Timberland Partners, a privately-owned real estate investment, development and management firm, has announced leasing has begun at Elevate at Southwest Station, the new apartment building located in Eden Prairie, Minnesota.