Office N Illinois The Missner Group secures three new leases at Lisle office property The Missner Group announced three new leases occupying 40,200 square feet within the Olympian Office Center. The 168,000-square-foot, seven-story office property is located at 4343 Commerce Court in Lisle, Illinois, which is situated along I-88 in Chicago’s East-West Corridor submarket.
Industrial N Illinois Logistics firms’ love affair with Chicago still going strong Conventional wisdom holds that logistics firms not only want to be in Chicago, they need to be in Chicago. The area provides access to the nation’s third largest market as well as airports, highways and intermodal facilities that can help broaden their reach.
CRE N Illinois Illinois tops the nation with most LEED green buildings, per USGBC The U.S. Green Building Council (USGBC) released its annual list of top 10 states for LEED (Leadership in Energy and Environmental Design), the world’s most widely used green building rating system. For the first time since 2015, Illinois came in first on the list of states based on the number of LEED-certified square feet per person.
Retail N Illinois Kudan Group closes two restaurant leases in Chicago area Kudan Group, a Chicago-based brokerage that focuses on retail and restaurant transactions, has completed two restaurant leases in the Chicago area: a bakery in Chicago’s Rogers Park neighborhood and a sports bar in suburban Zion.
Multifamily N Illinois After second attempt, Canadian developer scores a deal with Goose Island acquisition Last March, Vancouver-based Onni Group agreed to pay $50 million for a former Greyhound bus garage on the southern tip of Goose Island. Though that deal ultimately fell apart due to affordable housing regulations, the transaction was renewed at a cheaper price as the developer has reportedly acquired the property for $38 million.
CRE N Illinois Doug Weber promoted at Holland Construction Services Doug Weber has been promoted to vice president, project executive at Holland Construction Services. In his new role, he will continue working with developers and other clients on multifamily housing and senior living, but also office, retail and light industrial, including lead generation, project pursuits, contract negotiation, preconstruction and oversight during construction
Retail N Illinois Pine Tree promotes Michael Gold to EVP and chief operating officer Michael Gold has been promoted to executive vice president, chief operating officer of Pine Tree, LLC. Gold has been with Pine Tree for nearly five years, serving as a senior vice president in asset management. In his new role as COO, he will have broad oversight over the company’s corporate operation and its portfolio, which currently sits at approximately $800 million.
Finance N Illinois Gina Fridberg joins Wintrust Commercial Real Estate as SVP Gina Fridberg joined Wintrust Commercial Real Estate as senior vice president and will focus on acquisition and construction financing across all asset classes for Illinois-, Wisconsin- and Indiana-based sponsors.
Industrial N Illinois Ram Tool to open a branch in Chicago Birmingham, Alabama-based Ram Tool Construction Supply Co. has opened a new greenfield branch in the Greater Chicago Area. Located at 5 Greenwood Avenue in Romeoville, Illinois, the store is Ram Tool’s first branch in the state.
CRE N Illinois 6th Annual Clink! Toast to Chicago CRE Over the past five years this celebratory networking event has been attended by over 200 industry professionals. At this after-hours reception, both women and men come together to celebrate the roles and accomplishments of Women in Real Estate. Join us on Thursday, May 16th, as we celebrate and support the Women in Real Estate and the associations that support them!
Office N Illinois J.C. Anderson completes build-out for MERGE HQ at Chicago's Aon Center J.C. Anderson has completed a headquarters build-out for MERGE at 200 East Randolph Street (The Aon Center) in Chicago.
CRE N Illinois The Goldie Initiative installs 2019 Board of Directors At its first board meeting of the year on January 30, The Goldie Initiative officially installed new directors to lead and serve the organization in 2019. The Goldie Initiative’s mission is to prepare women for senior leadership roles in all sectors of commercial real estate via scholarship support for graduate study, mentorship and networking opportunities to women with high potential who are committed to becoming the leaders in the real estate industry.
CRE N Illinois CRE Future Leaders: Jared Friedman As part of our series, CRE Future Leaders, we caught up with Jared Friedman, director of opportunities at Friedman Real Estate. Friedman not only oversees investment and acquisition opportunities, but adds value across the organization heading up new business, developing and maintaining institutional relationships, advising brokers and more.
Multifamily N Illinois Interra Realty brokers $6 million sale of apartment building in Chicago Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 5424 S. Cornell Avenue, a 64-unit rental community in Chicago’s Hyde Park neighborhood. The $6 million sale price equated to approximately $93,750 per unit.
CRE N Illinois Independence Branch library opens in Chicago’s Irving Park neighborhood Evergreen Real Estate Group recently celebrated the grand opening of the Independence Branch Library in Chicago’s Irving Park neighborhood. Located at 4024 N. Elston Avenue, the branch is one of two co-located library/senior housing developments that Evergreen is building in partnership with the city of Chicago, Chicago Housing Authority (CHA) and Chicago Public Library.
Industrial N Illinois Logistics Property Co. acquires large infill site in Chicago Logistics Property Company, LLC (LPC) has acquired 6.4 acres of land on Chicago’s Southwest Side. Located in the McKinley Park neighborhood, one mile from I-55 and two miles from I-94, the project is only 6.5 miles from the Loop, offering true one-hour delivery to downtown Chicago.
Healthcare N Illinois Leopardo completes 100,000-SF Rush Oak Brook Orthopaedic Center Leopardo completed the 100,000-square-foot, three-story construction of the new Rush Oak Brook Orthopaedic Center in Oak Brook, Illinois. The project is a joint venture between Rush University Medical Center and Midwest Orthopaedics at Rush.
Industrial N Illinois Lee & Associates brokers trio of industrial transactions in DuPage County Lee & Associates has brokered three industrial transactions in DuPage County, Illinois. The deals included a sale in Addison, Illinois and two leases in Hanover Park, Illinois.
Office N Illinois Skender completes first data cable-free HQ for ShopRunner Skender, serving as interior construction manager, has completed construction of ShopRunner’s new 25,000-square-foot corporate headquarters. ShopRunner, a Chicago-based, multi-retailer e-commerce start-up, has relocated to 350 N. Orleans Street from its former space at 350 N. LaSalle Street.
Industrial N Illinois NKF represents Tigerflex in Elk Grove Village sale Newmark Knight Frank (NKF) recently represented property owner Tigerflex Corporation in the sale of 801 Estes Avenue in Elk Grove Village, Illinois. Diesel Radiator Company acquired the 59,206-square-foot manufacturing facility for an undisclosed amount.