Multifamily N Illinois Kiser Group announces three new broker hires Chicago-based multifamily brokerage, Kiser Group, announced new brokerage hires Bryan Wright, Ron Plonis and Michael Lacy.
Multifamily N Illinois Essex Realty Group brokers the sale of 18-unit property in Worth, IL Essex Realty Group, Inc. facilitated the sale of 6615-19 W. Lloyd Drive, an 18-unit multifamily property in Worth, Illinois. The property went under contract within two weeks of listing and the purchase price was $1,159,351.
Retail N Illinois Humboldt Park shopping strip sells for $2.3 million Marcus & Millichap brokered the sale of a Pep Boys-anchored urban infill retail property located in Chicago, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The 15,022-square foot asset sold for $2,275,000.
Industrial N Illinois Bridge signs first tenant at largest O'Hare spec industrial project, now underway in Itasca Bridge Development Partners has announced the signing of the first lease at Bridge Point Itasca, a three-building, 741,621-square foot industrial campus in Itasca, Illinois. Keyence Corporation will begin occupancy of the space in Q3 of 2020.
CRE N Illinois Pine Tree announces key asset management promotion Northbrook, Illinois-based Pine Tree, LLC has promoted Brian Page to asset manager, a key promotion in keeping with the company’s focus on expanding its national shopping center portfolio and elevating its best-in-class asset management function.
Retail N Illinois Starbucks' largest Reserve Roastery set to open in Chicago Starbucks Coffee Company will open Starbucks Reserve Roastery Chicago on Friday, November 15. Located in the former Crate and Barrel flagship at North Michigan Avenue and Erie Street on Chicago’s Magnificent Mile, the location will be the coffee giant’s sixth and largest-ever immersive coffee experience.
CRE N Illinois Confronting CRE's diversity problem Women of color made up just 5 percent of executive/senior-level officials and managers in the S&P 500, according to 2015 data from the U.S. Equal Employment Opportunity Commission. The situation is just as stark in commercial real estate.
Multifamily N Illinois Motif on Belden, a 100-unit TOD, to open in Logan Square next year Inland National Development Company, LLC (INDC) is developing a 100-unit, transit-oriented, multifamily community in Chicago’s Logan Square neighborhood. Located approximately 6.5 miles from downtown at 2845 W. Belden Avenue, the project is on target to be completed by the first quarter of 2020.
Office N Illinois Colliers arranges 48,000-SF lease consolidation for Crown Castle Colliers International’s David Burden, Tom Berarducci and Jay Kyle represented Crown Castle, a leading provider of communications infrastructure, in a 48,000-square-foot lease at Highland Landmark II located at 3025 Highland Parkway in Downers Grove, Illinois. JLL’s Jeff Shay and Karla Harmon represented the building owner, James Campbell Company, in the deal.
Retail N Illinois Potbelly debuts new store design in Chicago's Logan Square Potbelly Sandwich Shop is debuting a redesigned store in the Logan Square neighborhood of Chicago. Located at 2739 N. Elston Avenue, the prototype debuts a streamlined ordering experience for customers and a new overall modern look and feel.
Multifamily N Illinois Six-unit Melrose Park apartment building trades for $600,000 Marcus & Millichap facilitated the sale of 1948 N. 19th Avenue, a six-unit apartment property located in Melrose Park, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $600,000.
Retail N Illinois Hashing out what recreational marijuana means for Illinois' retail sector New Year’s Day 2020 will usher in a new era in Illinois. On that date, the limited sale of recreational marijuana will be legal—a move that will have wide impacts not just on society but the commercial real estate industry as well.
Multifamily N Illinois Greenstone brokers sale of mixed-use West Town property Greenstone Partners successfully sold 1502 W. Chicago Avenue, a 4,80- square-foot, two-tenant commercial vertical subdivision. Located in Chicago’s West Town neighborhood, the property is positioned on the northwest corner of Chicago and Greenview Avenues.
Retail N Illinois Adelphia Properties arranges 8,000-SF retail sale in Morton Grove, Illinois Adelphia Properties has brokered the sale of an 8,020-square-foot, freestanding building in Morton Grove, Illinois for an undisclosed price. A local Chicago-based private user/investor purchased the property.
Multifamily N Illinois Marcus & Millichap arranges sale of 12-unit apartment building in Oak Forest Marcus & Millichap closed the sale of a 12-unit apartment property located in Oak Forest, 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.
CRE N Illinois CBRE, SemaConnect complete largest electric vehicle charging installation in the U.S. CBRE and SemaConnect, a North American leader in Class A commercial electric vehicle charging (EVC) solutions, have completed the largest installation of 1,100 electric vehicle charging stations in 15 major U.S. metros, including 68 stations in Chicago. The installations were completed for Electrify America LLC.
Legal N Illinois Ice Miller welcomes LaTonya Ellis as real estate practice group director Ice Miller has tapped LaTonya Ellis as practice group director for the firm’s real estate and municipal finance practice groups. Based in the Chicago office, Ellis is responsible for overseeing aspects of the strategic growth, diversity and inclusion priorities and day-to-day business operations for the groups.
CRE N Illinois Marshall Bennett Institute of Real Estate students receive scholarships and internships The Marshall Bennett Institute of Real Estate (MBIRE) announced several significant scholarship funds and internship initiatives for its students during the 18th annual Real Estate Gala on Nov. 7 held at the Four Seasons Hotel in Chicago.
Industrial N Illinois Industrial Insider: The importance of six sigma process in the supply chain As the supply chain continues to become more complicated as the result of globalization and business models that are in transition (i.e. getting goods to the consumer as quickly as possible), companies have been focusing on the most effective ways to ensure the best process results.
CRE N Illinois Morgan/Harbour Construction celebrates 20 years Morgan/Harbour Construction is marking 20 years in the construction industry. Founded in the western suburbs of Chicago in 1999, they have since expanded to include offices in downtown Chicago and Kenosha, Wisconsin.