CRE N Illinois
Forecasting three corners of commercial real estate for 2019

Forecasting three corners of commercial real estate for 2019

All throughout 2018, the real estate market was once again buoyed by a virile U.S. economy. There may new challenges in 2019 in the forms of rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, yet many commercial real estate professionals remain bullish on the market going into the new year.

CRE N Illinois
Chicago's CTA headed for $2 billion modernization

Chicago's CTA headed for $2 billion modernization

A joint venture of Walsh Construction and Irving, Texas-based Fluor Corporation have been selected as the preferred partner to design and build Phase One of the Red and Purple Line Modernization Program for the Chicago Transit Authority (CTA). The $2.1 billion project will be the largest capital project in CTA’s history, ultimately resulting in expanded capacity and improved infrastructure along the region’s most used rail lines.

CRE N Illinois
Cameron Trefry;Ware Malcomb

Ware Malcomb moves into larger Oak Brook office

Ware Malcomb, an award-winning international design firm, has moved into a new, larger office location at 1315 22nd Street in Oak Brook, Illinois. This office move accommodates the growth of the firm’s employee and client base in the Chicago and Midwest market. Ware Malcomb also maintains a second office located at 600 W. Jackson Boulevard in Chicago.

Multifamily N Illinois
Oak Brook approves new luxury condo development, The Butler

Oak Brook approves new luxury condo development, The Butler

The Oak Brook, Illinois Board of Trustees has approved The Butler, a development of 90 luxury condominiums located at 1900 Spring Road, directly across the street from the current Nordstrom building within Oakbrook Center Mall. The development team, which includes Jupiter Realty and Franklin Partners, expects to break ground in summer 2019 for delivery in 2021.

Office N Illinois
Ferrara Candy confirms Old Main Post Office space, will bring 400 jobs to downtown Chicago

Ferrara Candy confirms Old Main Post Office space, will bring 400 jobs to downtown Chicago

Ferrara Candy, maker of Lemonheads, Nerds and other treats, will move its headquarters from Oakbrook Terrace, Illinois to the Old Post Office in downtown Chicago, confirming previously reported rumors. The company, which plans to move in by late summer 2019, has leased 77,000 square feet in the building and will bring approximately 400 employees to the West Loop location.

Legal N Illinois
CRE Future Leaders: Sarah Kwon

CRE Future Leaders: Sarah Kwon

As part of our series, CRE Future Leaders, we caught up with Sarah Kwon, an associate in Schenk Annes Tepper Campbell Ltd.’s (SATC) commercial real estate and business law practice groups. She concentrates her practice on commercial real estate transactions, including acquisitions, dispositions, leasing, zoning and development. Kwon also focuses her practice on business law matters such as business formations and corporate governance.