CRE N Illinois Public insight sought on newly unveiled O’Hare terminal designs The cloak of secrecy surrounding the international competition to develop a new Global Terminal at Chicago’s O’Hare International Airport was lifted yesterday as the city of Chicago revealed five design concepts for the large-scale, $8.5 billion project.
Multifamily X Missouri Are apartment rents headed down in 2019? Will 2019 be the year that the multifamily market finally slows across the Midwest? CRE pros working the region have told Midwest Real Estate News that demand for new apartment units, especially those located in urban settings, remains strong as 2019 begins. But one study suggests that when it comes to rental rates a slowdown might have already occurred.
Net Lease N Illinois CRE Future Leaders: Jimmy Goodman As part of our series, CRE Future Leaders, we caught up with Jimmy Goodman, partner at The Boulder Group, a boutique investment real estate service firm specializing in net-lease properties. The firm provides a full range of brokerage, advisory and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds.
CRE Midwest The big news for Kansas City? 2019 looks to be another strong CRE year Kansas City’s commercial real estate market might not get the headlines generated in bigger cities such as Chicago, New York or Los Angeles. But as 2019 begins, the CRE market here looks to be as strong as any in the Midwest.
Join us March 12, 2019 10th Annual Chicagoland Multifamily & Affordable Housing Real Estate Summit University Club of Chicago76 E Monroe StChicago, IL More Information & Registration
CRE N Illinois NAIOP Chicago hosts 2019 forecast event Over 300 industry professionals attended NAIOP Chicago’s 2019 real estate forecast breakfast meeting. For the eighth year, Dr. Mark Eppli, director and faculty associate, James A. Graaskamp Center, University of Wisconsin-Madison, shared his industry trends and predictions.
Multifamily N Illinois Renovated mixed-use Pilsen building sells at $2.1M The Cawthon-Labriola group of SVN Chicago Commercial sold a 13-unit mixed use building at 1700 W. 19th Street in Chicago’s Pilsen neighborhood, marking their 71st transaction in the neighborhood. Angelo Labriola and Paul Cawthon represented the seller in the transaction. The building sold for $2,100,000.
Hospitality i Ohio Marcus & Millichap sells Columbus hotel Marcus & Millichap closed the sale of Extend-A-Suites Columbus, a 133-room hospitality property in Columbus, Ohio. The asset sold for $1.8 million.
Office N Illinois West Loop office property sells for $8 million A 27,895-square-foot, brick and timber loft office building sold at 327 N. Aberdeen in Chicago’s rapidly developing Fulton Market neighborhood. The property, which is one block from Google’s Midwest headquarters and three blocks from McDonald’s new world headquarters, sold for $8,150,000.
CRE V Michigan Friedman sells 10 acres of land near Detroit Friedman Real Estate recently sold 10 acres of land at 2000 Orchard Lake Road in Pontiac, Michigan. The Seller, Hungtington – The Trails of Sylvan Lakes, LLC sold the property to HM Homes, LLC.
Multifamily N Illinois Elgin apartment building sells for $2.35 million Marcus & Millichap announced the sale of Regency Apartments, a 32-unit apartment property located in Elgin, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $2,350,000.
Net Lease i Ohio Cooper Commercial sells Rite Aid location near Cleveland Cooper Commercial Investment Group closed the sale of a single-tenant Rite Aid location in Parma, Ohio, a suburb of Cleveland.
Office N Illinois Luxury apartment building Optima Signature enters co-working game, will lease out business suites Optima, Inc. is currently leasing fully furnished commercial office suites at Optima Signature, a 57-story, 490-unit Class A tower at 220 E. Illinois Street in Chicago’s Streeterville neighborhood. The suites are available to nonresidents of the building as well as residents. In a unique offering in the popular co-working market, individuals and small businesses leasing space at Optima Signature also have access to the development’s 1.5 acres of amenities across three floors.
Office V Michigan Friedman closes 19,000-square-foot office lease in Michigan Friedman Real Estate recently leased 19,219 square feet of office space at North Troy Corporate Park, 5505 Corporate Drive, Suite B, in Troy, Michigan. The landlord, OCHN, leased the space to Community Housing Network.
Multifamily N Illinois Rockwell Partners completes 356-unit condo deconversion in Naperville Rockwell Partners, a Chicago-based real estate investment and property management firm, has successfully deconverted Huntington Condominiums, a 356-unit residential complex located in Naperville, Illinois, a western suburb approximately 30 miles west of Chicago.