Industrial N Illinois Chicago industrial activity up by 30% The Chicago area remains a key industrial hub and target for investors, with the market experiencing a 30.4 percent increase in industrial sales activity year-over-year, through February 2019. Like many markets around the country, portfolio sales volume contributed to Chicago’s industrial velocity.
CRE Midwest Choosing the right umpire a critical step in arbitration cases In real estate arbitration matters, there are no simple means for challenging an “umpire’s” decision. Unlike the remedies that exist in most professional sports contests, there is no ability to throw the challenge flag or send it back to New York for further review.
Industrial N Illinois Data center vacancy down in Chicago as users turn to new space The Chicago data center market vacancy stood at 10.7 percent for the second half of 2018, down from 11.2 percent in the first half of the year. However, newly delivered product and decelerating leasing velocity led to vacancy increasing 180 basis points year-over-year.
CRE X Missouri Cushman & Wakefield: Commercial still thriving in Kansas City Investors from across the globe are sinking their dollars into Kansas City’s commercial real estate stock. And this isn’t surprising. As a new report from Cushman & Wakefield says, the Kansas City metropolitan area saw growth across all of its commercial real estate sectors last year.
Join us July 25, 2019 5th Annual Net Lease Summit University Club of Chicago76 E Monroe StChicago, IL More Information & Registration
CRE N Illinois SIOR Chicago announces 17th annual chapter award winners The Chicago Chapter of the Society of Industrial and Office Realtors recently presented the 17th Annual Chapter Awards in a presentation held on February 26.
Retail N Illinois Urbanspace to bring new food hall to Chicago Loop Food hall operator, Urbanspace, has signed a lease to bring a new food hall to Chicago’s Loop. The 12,000-square-foot facility will accommodate more than 20 vendors on the ground floor of the 15 W. Washington Building, once the home of Woolworth’s flagship store at Washington and State.
Finance V Michigan Bernard Financial provides financing for 100-unit property in Michigan Bernard Financial Group has arranged a $1.948 million loan for a 100-unit multifamily property in Albion, Michigan.
Retail X Missouri Newmark Knight Frank sells enclosed mall in Kansas City market Newmark Knight Frank recently closed the sale of the Independence Center in Independence, Missouri. Consisting of 951,399 square feet, Independence Center is a super-regional mall servicing the eastern side of the Kansas City MSA.
Seniors Housing N Illinois Co-located library/affordable senior housing project opens in West Ridge Evergreen Real Estate Group recently celebrated the grand opening of the Northtown Branch Library, located at 6800 N. Western Avenue in Chicago’s West Ridge neighborhood. Designed by Perkins+Will, the project is one of two co-located housing and library developments Evergreen has built in partnership with the city of Chicago, Chicago Housing Authority and Chicago Public Library.
Industrial i Ohio National real estate developer CRG opens office in Columbus CRG, a national real estate developer, has opened a new office in Columbus, Ohio.
Multifamily N Illinois West Loop condo building sells for $2.3 million The 15,887-square-foot, value-add commercial condo at 400 S. Green Street in Chicago’s West Loop neighborhood sold to an out-of-state buyer. Wayne Caplan of SVN Chicago Commercial represented the seller, while SVN Chicago Commercial advisors Chad Schroedl, Adam Thomas and Scott R. Maesel represented the buyer, Vista Property Holdings, LLC. The retail investment sold for $2,294,500.
Seniors Housing N Illinois Metro Landing of Swansea seniors housing project opens in St. Louis area Southwestern Illinois Development Authority (SWIDA) and Bywater Development Group this week joined with Bi-State Development and other key stakeholders and guests for the official ribbon-cutting celebrating the grand-opening of Metro Landing of Swansea in Swansea, Illinois, in the St. Louis market.
Office N Illinois CBRE completes lease for Regus at Schaumburg's Woodfield Preserve CBRE announced a 36,215-square-foot lease renewal at Woodfield Preserve Office Center, on behalf of Zeller Realty Group (ZRG), to Regus at 10 N. Martingale Road in Schaumburg. Regus, one of the world’s largest providers of flexible workspace, has been a tenant at Woodfield Preserve since 2000.
Multifamily O Indiana CBRE provides $1.18 million loan for Indianapolis apartment community CBRE has structured a $1.18 million loan to refinance the Llanhurst Apartments in Indianapolis. A Freddie Mac Small Balance Loan was obtained by Dan Gable and Jason Brown of CBRE Capital Markets’ Debt & Structured Finance team on behalf of their client, Indy Up LLC.