Office N Illinois PerkSpot doubles space in River North Following a $50 million infusion of capital last August and a significant recruiting push, PerkSpot has signed a 14,020-square-foot expansion at 320 West Ohio Street in Chicago, bringing the firm’s total square footage at the building to more than 27,000 square feet. Cresa Chicago managing principal Allen Rogoway represented the company in the recent transactions at 320 W. Ohio.
Multifamily N Illinois Kiser Group seeks nearly $9M for 21-building portfolio on Chicago's Northwest Side A 21-building multifamily portfolio, being marketed as 21 Northwest, has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. The portfolio is being offered at $8,854,000 for 73 apartment units spread across the Galewood, North Austin, Belmont Cragin, Hermosa and Logan Square neighborhoods, as well as suburban Elmwood Park.
Industrial N Illinois Brown Commercial reps Fox Valley Containers in 33,000-SF relocation and expansion Brown Commercial Group represented Fox Valley Containers, Inc. in moving its corporate headquarters to a 33,076-square-foot industrial space at 300 Exchange Drive in Crystal Lake, Illinois. The growing packaging and container company is expanding its space from a previous 20,000-square-foot location in East Dundee, Illinois.
Industrial N Illinois Meridian breaks ground on Blue Heron build-to-suit Meridian Design Build recently broke ground on a 100,560-square-foot build-to-suit for Cathay Industries on a 6.79 acre site within Abbott Land & Investment’s Blue Heron Business Park in Bartlett, Illinois. Cathay Industries is a manufacturer of synthetic iron oxide pigments.
CRE N Illinois Salvatore Cerami appointed president of CCAGC The Concrete Contractors Association of Greater Chicago (CCAGC) has named Salvatore (Sal) Cerami as its president. Cerami, president of Northlake, Illinois-based Cerami Construction, takes over the top spot of the association and its more than 1,000 union concrete professionals.
Office N Illinois Cboe closing in on 175,000 SF of space at Old Post Office Cboe Global Markets, parent company of the Chicago Board Options Exchange, is reportedly negotiating for space within Chicago’s Old Post Office. If completed, the deal would see the firm relocating from their current headquarters just across the river.
Retail N Illinois Five ways that CRE can enjoy a contact high from legalized marijuana Earlier this summer, Illinois passed a bill making it the eleventh state in the U.S. to legalize the use of recreational marijuana. This legislation will not only bring new revenue to the state, but new opportunities to the real estate industry.
Industrial N Illinois Entre Commercial Realty closes two deals in northwest suburbs Entre Commercial Realty has finalized two separate leases in Chicago’s northwest suburbs. They include an industrial transaction in Crystal Lake, Illinois and an industrial/office flex transaction in Schaumburg, Illinois.
CRE N Illinois Bo Jackson Elite Sports Facility breaks ground in Bensenville A groundbreaking ceremony was recently held for the Bo Jackson Elite Sports Facility being constructed at Grand Avenue and County Line Road in Bensenville, Illinois. This event celebrated the official start of construction on the 114,140-square-foot, air supported indoor sports training center. Jeffrey Provenza, vice president of Darwin Realty, was the sole broker in the transaction.
Industrial N Illinois Podolsky Circle represents MedEx Ambulance Service in long-term renewal Podolsky Circle CORFAC International successfully advised and represented MedEx Ambulance Service in a 17,080-square-foot, long-term lease renewal at 1001 S. Des Plaines Street in Chicago. The ambulance transportation provider, a certified Women Business Enterprise, provides medical transportation services to hundreds of healthcare facilities throughout the Chicago area.
CRE N Illinois CBRE's Bob Wislow, Camille Julmy form new venture CBRE chairman, Bob Wislow, announced that he and CBRE vice chairman, Camille Julmy, are forming a new, boutique real estate venture, Parkside Realty, Inc. The real estate veterans will maintain their portfolio and develop new projects, such as an office building they are developing in Fulton Market.
Multifamily N Illinois Marcus & Millichap arranges sale of 12-unit apartment portfolio Marcus & Millichap closed the sale of a 12-unit apartment property portfolio located in Broadview, Illinois. Andrean Angelov, first vice president investments, Ryan D. Engle, senior vice president investments, and Samuel M. Antreasian, an associate, in the firm’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. Angelov and Engle also represented the buyer. Terms of the transaction were not disclosed.
Multifamily N Illinois There’s still fuel in the tank for Chicago’s luxury apartment sector Numerous deconversions, rehabilitations and ground-up developments have brought an unprecedented number of luxury units to market in Chicago. There is a finite supply of people able and willing to pay such high rents, so are we close to depleting those reserves?
CRE N Illinois Michael Brim joins Advocate Commercial Real Estate Advisors Advocate Commercial Real Estate Advisors, a provider of tenant representation services with offices in Chicago and Detroit, has hired Michael Brim as its chief operating officer. A veteran in the real estate industry, Brim brings more than 32 years of experience in successfully growing dynamic organizations.
Industrial N Illinois DuPage Business Center breaks ground in West Chicago Scannell Properties’ 555 Innovation Drive in DuPage Business Center officially broke ground last week. West Chicago Mayor Ruben Pineda, DuPage County Commissioner Peter DiCianni and representatives from Peak Construction Corporation, john greene Industrial, SpaceCo, IMEG and Scannell Properties attended the groundbreaking ceremony.
Industrial N Illinois Industry leader Mike Nelligan joins C&W industrial team Cushman & Wakefield has announced the addition of Mike Nelligan, an industry veteran of over 25 years, as senior director on the Chicago industrial brokerage team. Nelligan will work on both tenant representation and agency leasing out of the company’s Rosemont office, and will focus on the O’Hare and Central DuPage submarkets.
Industrial N Illinois Morken & Associates to lease 150,000-SF spec building in Batavia Full-service commercial and industrial brokerage firm, Morken & Associates, has will serve as exclusive leasing agent for a new spec industrial warehouse at 1850 Fabyan Parkway in Batavia, Illinois’s Northeast Business Park. Building shell construction is expected to be completed before 2Q 2020.
Multifamily N Illinois Marcus & Millichap arranges sale of 12-unit apartment building in Calumet City Marcus & Millichap closed the sale of a 12-unit apartment property located in Calumet City, Illinois for $535,000. Adam Fortino, a senior associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and represented the buyer.
Office N Illinois Leopardo completes 23,400-SF build-out for OppLoans Leopardo completed a 23,400-square foot build-out for OppLoans within One Prudential Plaza. Located at 130 E. Randolph Street, the property is owned by Chicago-based real estate investment and development firm Sterling Bay.
Multifamily N Illinois First move-ins arrive at Belgravia Group's Three Sixty West Coinciding with first move-ins at Three Sixty West, the boutique condominium development at 360 W. Erie Street in Chicago’s River North neighborhood, developer Belgravia Group has also unveiled decorated models at the 11-story luxury building and announced a selection of early-delivery homes as well as the completion of the building’s amenity spaces.