Industrial N Illinois NAI Hiffman completes two industrial leases in the I-55 Corridor NAI Hiffman executive vice presidents Mark Moran and Steve Connolly and associate broker Brett Tomfohrde have assisted in two industrial leases in the Chicagoland area. With these two transactions the team has completed more than 500,000 square feet of transactions in the I-55 corridor this year.
Office N Illinois Golub & Company sells Evanston office tower, but retains ownership stake Chicago-based Golub & Company and New York-based Investcorp have sold Orrington Plaza, a 20-story office tower in downtown Evanston, Illinois. However, Golub & Company will maintain an ownership stake in the building by co-investing with a new institutional capital partner and will continue to operate, manage and lease the property.
CRE N Illinois "Women in Building" forum looks for cracks in CRE's glass ceiling Today, the Home Builders Association of Greater Chicago hosted a forum, “Women in Building” at Chase Tower in downtown Chicago. The first annual event aimed to dissect what it takes for women to succeed in commercial real estate.
CRE N Illinois CRE Future Leaders: Sophie Bidek As part of our series, CRE Future Leaders, we caught up Sophie Bidek, partner at Hartshorne Plunkard Architecture. Bidek specializes in the architectural design of mixed-use, adaptive-reuse and residential projects. Her portfolio of notable projects includes the 1.1-million-square-foot Harper Court redevelopment in Chicago’s Hyde Park neighborhood, the 27-story, upscale condo Superior 110 tower in River North and No. 9 Walton, an ultra-luxury condominium development in Streeterville.
Healthcare N Illinois IMPACT Strategies breaks ground on seniors fitness center in St. Louis area IMPACT Strategies recently broke ground on a new fitness center for Senior Services Plus in the St. Louis market.
Net Lease N Illinois STREAM Capital Partners completes sale of Cooper’s Hawk in St. Charles STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, recently executed the sale of Cooper’s Hawk Winery & Restaurant in St. Charles, Illinois. The final purchase price was $5,714,286.
Industrial N Illinois HFF puts together $21M financing for 5-property industrial portfolio Holliday Fenoglio Fowler, L.P. (HFF) announced the $21 million acquisition financing for a five-property industrial portfolio totaling 665,903 square feet in the Chicago MSA. The HFF team worked on behalf of the borrower, Clear Height Properties, to place the acquisition financing with Wintrust Bank.
Industrial N Illinois Chicago is one of the best positioned markets for future warehouse development Projected rents are more than adequate in many markets to justify additional development of warehouses and distribution centers according to a new report from CBRE. And Chicago is positioned as a top market for this activity.
Retail N Illinois Clune Construction helps bring Caddyshack to Rosemont Clune Construction Company has completed construction of the Murray Bros. Caddyshack Restaurant in Rosemont, Illinois, which is the newest location of the chain and part of a national expansion campaign for the brand.
Office N Illinois Peapod unveils new Chicago headquarters Online grocery company Peapod officially opened the doors of its new headquarters in Chicago at 300 S. Riverside Plaza. All of Peapod’s corporate employees have transferred from the firm’s former headquarters in Skokie, Illinois to the new space in Chicago. Peapod first announced the planned relocation this past fall and the new headquarters will support the company’s growth, allowing Peapod to attract the best and brightest talent.
CRE N Illinois Skender breaks ground on new laboratory at Loyola University Chicago Skender, serving as base building and interior construction manager, has broken ground on Loyola University Chicago’s new 10,000-square-foot engineering science flex laboratory located near the intersection of North Broadway and Sheridan Road. The mission of the new single-story building is to provide open space, movable furniture and equipment and a collaborative environment for the engineering science program’s active learning framework. The state-of-the-art facility will innovate how the university utilizes available space.
Industrial N Illinois 15th Annual Transportation & Logistics Conference Join Chicago Industrial Properties and RE Journals on October 26th for the 15th Annual Transportation & Logistics Conference.
Industrial N Illinois Brown Commercial completes sale of user/investor building Brown Commercial Group has completed the sale of a 31,440-square-foot industrial building at 310-330 Charles Court in West Chicago, Illinois. Vice president of sales, Mike Antonelli, represented both the seller, a private investor, and the buyer, Tag Fitness.
Office N Illinois DLR Group moves up four floors at 333 W. Wacker To accommodate recent growth in Chicago, DLR Group recently moved its 51 design professionals from a 5,500-square-foot fourth floor space at 333 W. Wacker Drive to a new, 10,700-square-foot office in Suite 850. The modern, flexible space features 65 workstations, hoteling stations, four conference rooms, multiple collaboration spaces and an expansive galley and teaming area.
Office N Illinois WiredScore expands into Chicago with hire of former Colliers VP Christine Torres WiredScore, a New York-based company that rates systems for technological capacity in commercial buildings, announced that Christine Torres, formerly a vice president at Colliers International, has joined the company as head of WiredScore Chicago. WiredScore has expanded its Wired Certification platform to six countries and has chosen to invest in Chicago as a flagship city to address the local demand for the technology benchmark.
CRE N Illinois CenterPoint names Elena Daniel to vice president CenterPoint Properties announced the appointment of Elena Daniel as vice president ESG and corporate affairs. In the newly created role, Daniel will oversee all environmental, social and governance (ESG) and corporate affairs matters. As part of her responsibilities, she will administer the responsible contractor program (RCP) on union and labor participation in development and construction projects. Daniel will also lead CenterPoint’s energy optimization, “green” and corporate affairs initiatives.
CRE N Illinois The Real Estate Center at DePaul to host conference on adaptive reuse The Real Estate Center at DePaul University will host its annual Spring Conference on Thursday, June 14. The title of the program, which will be held at the Chicago Cultural Center, is: Adaptive Reuse: Creating Strategies for Financing, Investing and Development. It is a follow-up to the fall program that was titled: When Tenants Take a Fall: The Adaptive Reuse of Vacant or Underperforming Real Estate.
Office N Illinois American Landmark Properties scoops up Schaumburg Towers American Landmark Properties has announced the acquisition of Schaumburg Towers, an 882,071-square-foot, Class A office property located at 1400 and 1450 American Lane in Schaumburg, Illinois. American Landmark Properties acquired the property from Retail Properties of America.
Retail N Illinois Anchors away: Are these malls in danger? Ever since the mid to late 20th Century when modern malls were first developed, anchor tenants have controlled much about how these retail centers operate. Leveraging the foot traffic that they draw in, for example, anchors have historically enjoyed nominal rents that are a fraction of the per-square-footage rate that smaller, in-line tenants pay.
CRE N Illinois Bruce Hopple joins Avison Young in Chicago Avison Young announced the strategic hiring of highly regarded commercial real estate industry veteran Bruce Hopple as a senior vice president in Avison Young’s Chicago office. He will join the tenant representation team, focusing on new business development and transaction advisory services for professional service firms, not-for-profits and local and national corporations.