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 April 26, 2019 16th Annual CIP Industrial Summit Hamburger University Auditorium2715 Jorie BlvdOak Brook, IL More Information & Registration
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.
Office W Minnesota Briggs and Morgan signs 93,000-square-foot lease in Minneapolis' IDS Center Briggs and Morgan, a law firm based in Minneapolis, has signed a new 93,000-square-foot lease at IDS Center in downtown Minneapolis. Briggs and Morgan is planning a full renovation for the space.
Multifamily N Illinois Building Equity RE completes condo deconversion sale in Rogers Park Building Equity RE recently completed the condo deconversion sale of 7710 N. Sheridan Road in Chicago’s Rogers Park neighborhood. Peter Lynn and Dan Rosenberg exclusively marketed the property on behalf of the condominium association. The property sold for $3,200,000.
CRE X Missouri McCarthy, HITT earn $711 million contract for Kansas City project McCarthy Building Companies and HITT Contracting, in a joint venture, will build the western headquarters of the National Geospatial-Intelligence Agency in the St. Louis Place neighborhood in Kansas City, Missouri.
Retail V Michigan Gerdom brings dialysis center to Michigan community DaVita Dialysis will soon join CVS, Sheesh Mediterranean Restaurant and Plymouth Physical Therapy Specialist at Kimco Realty Corporation’s Century Plaza in Livonia, Michigan.
CRE N Illinois Mortenson completes $105M facilities projects for United Airlines at O'Hare Using innovative construction technologies and Lean practices, Mortenson has completed three major new ground facilities for United Airlines at Chicago’s O’Hare International Airport. The $105 million, 180,000-square-foot project was turned over in less than a year to accommodate runway construction at the busy airport.
Finance W Minnesota Bellwether closes loan for 552 apartment units in St. Paul area Bellwether Enterprise Real Estate Capital LLC closed a combined $32 million in two loans to refinance two multifamily developments totaling 552 apartments in the St. Paul, Minnesota, area.
Multifamily N Illinois Triton sells 25-unit courtyard apartment building in Albany Park Triton Realty Group recently sold a 25-unit apartment building located at 4911-19 N. Whipple Street in Chicago. The asset sold for $3,250,000, which represents a $130,000-price-per-unit sale.
Industrial N Illinois Timber Hill Group signs Hub Trucking to full-facility lease Timber Hill Group, a Chicago-based private equity firm specializing in the acquisition and development of logistics-related industrial real estate, has signed Hub Group Trucking to a 10-year, full-facility lease at its 8.8-acre property located at 4901 S. Monitor Avenue in Forest View, Illinois.
Net Lease N Illinois Boulder Group arranges sale of Chicago MSA CVS property The Boulder Group, a net-leased investment brokerage firm, has completed the sale of a single-tenant, net-leased CVS property located at 7929 North Avenue in River Forest, Illinois. A Midwest-based private partnership sold the property to a private investor in a 1031 tax exchange for $6,770,000.