Office N Illinois theMART receives gold level LEED certification Vornado Realty Trust announced that theMART has achieved the USGBC’s LEED certification at the Gold Level. This accomplishment marks the third LEED Certification for theMART, having first attained the prestigious LEED designation in 2007 and re-certification in 2013.
Retail N Illinois Virtual restaurant concept opening in Chicago's River North Kitchen United, a Los Angeles-based virtual restaurant provider, announced the opening of its next kitchen center at 825 N. Sedgwick Street in Chicago’s River North neighborhood. Coming on the heels of a $10 million funding round led by GV, Kitchen United will work with restaurant partners to begin move-in in mid-December, and will start serving Chicago consumers in January.
CRE N Illinois Cushman & Wakefield's Chicago office captures CBRE capital markets team Cushman & Wakefield announced that the office investment sales team of Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Hundertmark, formerly of CBRE, has joined Cushman & Wakefield, effective November 15. They are accompanied by their investment, analyst and client service professionals Jeremiah Olsen, Ben Foley, Matt Knoff and Debbie Leon.
Industrial N Illinois The key to O’Hare's potency: Tenant diversity There are plenty of big box industrial properties surrounding O’Hare. But the Chicago metro’s most active industrial submarket is defined by smaller, older infill product. It’s a diverse ecosystem that has worked for years.
CRE N Illinois NAIOP Chicago recognizes industry's best and brightest at Awards for Excellence On November 15, NAIOP Chicago hosted its 31st annual Awards for Excellence Program, a world-class event bringing together some of the best and brightest the industry has to offer. More than 71 finalists were cited for accomplishments and the winners in 13 categories were selected by their peers during live voting.
Multifamily N Illinois Marcus & Millichap arranges $7.6M in multifamily sales near planned Obama Presidential Center Marcus & Millichap brokered the sale of six multifamily properties totaling more than $7.6 million near the planned site of the Obama Presidential Center on Chicago’s South Side. Five of the properties are in neighborhoods surrounding the future library site, while the sixth is in the nearby suburb of Dolton, Illinois.
CRE N Illinois Caton Commercial Real Estate Group hires two new executives Caton Commercial Real Estate Group has hired two new executives. Amy Hall, CRX, CLS, SLD, will join the team as chief operating officer and Jennifer Pollack will serve as director of marketing, based in the group’s Naperville, Illinois office.
Office N Illinois J.C. Anderson builds out Prudential Plaza office space for Hubbard Radio Chicago J.C. Anderson has completed a 23,000-square-foot build-out for Hubbard Radio Chicago, at One Prudential Plaza in Chicago. The renovation modernized Hubbard Radio’s existing space and consisted of the construction of new studios, workstations, private offices and conference rooms while also increasing efficiencies.
Industrial N Illinois Venture One completes 100,000-SF expansion for Danfoss Venture One Real Estate has completed a 100,000-square-foot expansion to an existing Danfoss distribution facility in Venture One’s Loves Park Corporate Center in Loves Park, Illinois. Venture One developed Danfoss’s existing 100,000-square-foot warehouse in 2011. The combined 200,000 square foot logistics facility is adjacent to Danfoss’s 250,000 square foot office and production building—home to Danfoss’ VLT Drives division.
Legal N Illinois Robbins, Salomon & Patt helps more than 400 children Robbins, Salomon & Patt, Ltd. (RSP) recently partnered with Back 2 School Illinois (B2SI) as part of its commitment in Chicago neighborhoods and its inaugural charitable event. Through partnerships like these, B2SI distributes free school supplies to children from low-income families in the form of back to school kits.
Retail N Illinois Structured Development to develop final phase of Orland Park "triangle" property The village of Orland Park, Illinois has selected Structured Development LLC to develop the final phase of the southwest suburb’s downtown Main Street “Triangle” property. In a unanimous vote, the village’s Board of Trustees chose Structured Development to complete the five remaining parcels—collectively comprising approximately nine acres—in the 27-acre “Triangle” master plan.
Retail N Illinois Former Kmart location in Zion sells, to be converted to self-storage Colliers International | Chicago’s Patrick Turner and Brendan Green represented JSM Venture, Inc., led by Charlie Mengel, in the $2.3 million acquisition of a vacant 90,426-square-foot former Kmart located at 3355 Sheridan Road in Zion. JSM Venture will convert the building into an indoor self-storage facility with 69,750 rentable square feet.
CRE N Illinois CRE Future Leaders: Willie Hoag As part of our series, CRE Future Leaders, we caught up with Willie Hoag, a tenant representation specialist for Mid-America Real Estate Corporation. Hoag has coordinated efforts for national retailers new to the Chicago market, as well as existing retailers who seek to change strategy or re-brand themselves through their real estate efforts.
Industrial N Illinois Entre Commercial completes lease for Rockford Systems relocation Entre Commercial Realty, LLC has completed a long-term sublease agreement on behalf of Rockford Systems, LLC, on a facility at 5795 Logistics Parkway in Rockford, Illinois. Rockford Systems delivers trusted machine safeguarding solutions for organizations working with industrial machinery.
CRE N Illinois NICAR installs Rebekah Carlson to head leadership team for 2018-2019 The Northern Illinois Commercial Association of Realtors (NICAR) installed a new executive board, along with nine other board members to lead the association through the 2018-2019 board term. At the same meeting NICAR also thanked Chris Schramko for his year leading the association. The festivities took place at the association’s installation luncheon on November 13.
Multifamily N Illinois South Shore multifamily property closes at record price per unit Full-service commercial real estate advisory firm SVN Chicago Commercial completed the sale of a 27-unit multifamily building at 7548-7558 S. Colfax Avenue in Chicago’s South Shore neighborhood. The asset sold for $2,275,000, or $84,260 per unit.
Office N Illinois Construction begins on The Oxxford in Chicago's West Loop The Missner Group has begun construction at the Oxxford, located at 1220 W. Van Buren Street in Chicago. The Missner Group plans to redevelop the current seven-story, 115,000-square-foot office, showroom and manufacturing building into a nine-story, 140,000-square-foot, Class A, loft office/commercial building to further support the growing demand of companies seeking a West Loop location.
CRE N Illinois Cawley Chicago adds Bliss, Dixon and Harvey to its capital markets platform Cawley Chicago has appointed Mike Harvey, J.J. Bliss and Robert Dixon as senior vice presidents, as the firm continues to build a competitive and comprehensive commercial real estate services platform for its clients. The addition of these experienced professionals expands Cawley Chicago’s capital markets brokerage capabilities and formally introduces its ability to provide creative financing services, including debt and equity placement.
Retail N Illinois Shopping center in Chicago’s Northwest suburbs sells for $32.5M A fund managed by New York-based DRA Advisors has partnered with Northbrook, Illinois-based Pine Tree, LLC to acquire The Shops at Kildeer, a 171,339-square-foot shopping center in the affluent Chicago suburb of Kildeer, Illinois, for the purchase price of $32.5 million.
Multifamily N Illinois Mayor Emanuel, The Habitat Company cut ribbon on East Garfield Park SRO Chicago-based multifamily developer and property manager, The Habitat Company, completed a $16 million acquisition and rehabilitation of a 153-unit single room occupancy (SRO) community in Chicago’s East Garfield Park neighborhood. Mayor Rahm Emanuel attended the ribbon-cutting ceremony, along with 28th Ward Alderman Jason Ervin, city officials, Habitat team members and residents of the building.