Industrial N Illinois Northern segment of Chicago MSA sees variegated industrial activity For the second quarter in a row, leasing velocity increased in Chicago’s overall industrial market, totaling 10.1 million square feet during the third quarter of 2018. According to a Research & Forecast Report by Colliers International, the northern submarkets had varying changes to absorption and vacancy, though mostly improved.
Finance Midwest The big hope: Will opportunity zones pump new life into distressed communities? The Tax Cuts and Jobs Act passed in December of last year brought plenty of changes to the nation's tax code. But it also provided a significant opportunity for investors and low-income communities. That's because the act also established opportunity zones.
Seniors Housing N Illinois Supply and labor concerns in the senior housing sector Approximately 150 industry professionals crowded into the University Club on Wednesday, November 7th for REjournals’ 10th annual Chicago Senior Housing Real Estate Conference. While the mid-term elections were fresh in everyone’s minds, the most-discussed topics of the day had more to do with overbuilding and labor shortages than politics.
Office X Missouri JLL: Vacancies hit 17-year low in Kansas City office market 0ffice vacancies in the Kansas City market are at their lowest point since 2001. And according to a new report from JLL, you can expect the area’s office vacancy rate to fall even lower in the coming months.
Join us January 8, 2019 17th Annual Commercial Real Estate Forecast Conference Hyatt Regency Chicago151 E Upper Wacker DrChicago, IL More Information & Registration
Retail N Illinois Ryder opens logistics-focused maintenance facility in St. Charles Ryder System, Inc., a leader in commercial fleet management, dedicated transportation and supply chain solutions, opened a state-of-the-art, full-service maintenance facility located in St. Charles, Illinois. The new Ryder facility, located at 510 S. Tyler Road, offers customers convenient access to the major trucking highway IL-64, connecting the area to I-355 and I-88.
CRE W Minnesota Kraus-Anderson wraps construction of $23 million addition to Minnesota school Kraus-Anderson Construction Company has completed construction of a $23 million performing arts center and athletic and recreational facility for Mound Westonka High School at 5905 Sunnyfield Road East in Minnetrista, Minnesota.
Office N Illinois Legal consulting firm announces expanded Chicago office space at 151 N. Franklin Manatt, Phelps & Phillips, LLP, a leading law, healthcare and consulting firm, will expand its Chicago office with a relocation to the recently opened 151 N. Franklin Street tower in Chicago’s Loop. The move into 11,000 square feet of custom, high-tech space within the John Buck Company’s recently completed 35-story office building underscores Manatt’s commitment to growing its digital and technology offering in the region.
Office Q Kentucky NAI Isaac brings two new tenants to Lexington's Chase Tower NAI Isaac recently closed leases that will bring two new tenants to Chase Tower in Lexington, Kentucky.
Retail N Illinois Palatine retail center sells for $4.4 million Marcus & Millichap announced the sale of a 50,400-square-foot retail property, located in Palatine, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset went from contract to close in 73 days and sold in an all-cash transaction for $4,442,500.
CRE V Michigan Detroit's Broder & Sachse celebrates 25th with new sculpture Detroit’s Broder & Sachse Real Estate along with the College for Creative Studies, Midtown Detroit, Inc. and several guests celebrated the real estate development company’s 25th anniversary Nov. 7 with the installation of a new sculpture in Detroit’s New Center Park.
Retail Q Kentucky Keeneland pop-up store opens in Lexington mixed-use development A Keeneland Association retail and merchandise pop-up shop is opening Lexington, Kentucky’s The Summit at Fritz Farm mixed-use development.
Multifamily V Michigan Friedman sells 56-unit multifamily portfolio in Detroit Friedman Real Estate recently sold a 56-Unit multifamily portfolio at 691 Seward St. and 656 Lothrop Road in the New Center district of Detroit.
CRE N Illinois Historic Naperville building sells for $3.6 million Marcus & Millichap announced the sale of the Joseph Naper Building, the oldest building in Naperville, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The 7,050-square-foot, mixed-use property sold for $3,654,000.
Retail O Indiana Marcus & Millichap closes $1.37 million McDonald's sale in Indiana Marcus & Millichap sold a 4,424-square-foot McDonald’s in Greensburg, Indiana. The restaurant sold for $1.37 million.