Industrial N Illinois
Illinois' largest marijuana cultivation facility yields first harvest

Illinois' largest marijuana cultivation facility yields first harvest

Cresco Labs, a vertically integrated, multistate cannabis operator, has completed the first harvest from its expanded cultivation facility in Lincoln, Illinois. With the recent growth of the state’s medical market and adult-use legalization going live on January 1, 2020, Cresco has been scaling operations to be able to accommodate what is expected to be one of the largest cannabis markets in the country.

Multifamily N Illinois
When not working? Engle spends his time with his family.

Marcus & Millichap's Engle: "You have to be a student of the industry"

As senior managing director of investments with the Chicago Oak Brook office of Marcus & Millichap, Ryan Engle focuses on the booming multifamily market. He’s steadily built his career, which he started in early 2003, by crafting long-standing relationships with his clients, studying his market and logging long hours. That’s not exactly a secret formula, but it’s a proven one, and one that has worked for Engle.

Legal N Illinois
Effectively using letters of intent in real estate negotiations

Effectively using letters of intent in real estate negotiations

Before agreeing to a real estate sales contract or lease, the parties may prepare a letter of intent, term sheet or other form of preliminary agreement (together, called here an “LOI”). Generally, an LOI may be signed or at least initialed and reflects that the parties have agreed on certain important terms of a deal, though not on all of its provisions or details.

Industrial N Illinois
Self-storage site sells in Collinsville, IL

Self-storage site sells in Collinsville, IL

Marcus & Millichap facilitated the sale of Stowaway Self Storage, a 44,038-square-foot self-storage facility located in Collinsville, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.

Retail N Illinois
Multi-tenant retail center sells in Skokie

Multi-tenant retail center sells in Skokie

Greenstone Partners successfully sold the retail center located at 8800-8820 Gross Point Road in Skokie, Illinois. The 19,000-square-foot property has strong historical occupancy and a mix of national tenants that have successfully operated at the property for 10+ years including FedEx Office and Dunkin’. The roster of internet-resistant tenants includes restaurants/coffee, personal services and health/wellness.

CRE N Illinois
Geoffrey Kasselman;CRG

CRG hires real estate veteran Geoffrey Kasselman

CRG, a national real estate development and investment firm, announced the hiring of Geoffrey Kasselman, SIOR, LEED AP, as partner and senior vice president, workplace strategy. Kasselman will oversee national accounts and lead all client-related initiatives for the company’s expanding industrial, office and data center project delivery platform.

Industrial N Illinois
Brown Commercial Group negotiates building purchase for Davey Tree in Lombard

Brown Commercial Group negotiates building purchase for Davey Tree in Lombard

Brown Commercial Group partner, Mike Antonelli, represented The Davey Tree Expert Company, a North American residential and commercial tree and landscaping company, in its purchase of a 10,000-square-foot warehouse situated on a 4.75 acre land site at 1200 N. Lombard Road in Lombard, Illinois. The seller, a locally owned and operated tree care company, was self-represented.