Office N Illinois
Sterling Bay scoops up Chicago's iconic John Hancock Center

Sterling Bay scoops up Chicago's iconic John Hancock Center

Sterling Bay has been on an acquisition streak of Class A office buildings in Chicago lately, including recent purchases of 600 W. Chicago and Prudential Plaza. Now the Chicago-based developer is pulling the trigger on 875 North Michigan Avenue, formerly known as the John Hancock Center. The building’s current operator and co-owner, Hearn, will reportedly sell their stake in the property for more than $300 million.

Industrial N Illinois
German manufacturer moves North American HQ to North Central Illinois

German manufacturer moves North American HQ to North Central Illinois

Fliegl, the largest manufacturer of agricultural trailers worldwide, has relocated its North American headquarter operations from Elkhart, Wisconsin to Utica, Illinois to serve dealers more efficiently. This is a central location at the Interstate 80-39 Corridor of North Central Illinois. Sharon Stead, of the Illinois European Office, and Erik Brejla of the Illinois Department of Commerce were instrumental in assisting Fliegl with their relocation.

CRE N Illinois
Scott Miller;Retail Properties of America, Inc.

Scott Miller joins Retail Properties of America, Inc.

Retail Properties of America, Inc. (RPAI) announced that Scott Miller has joined RPAI as vice president, director of development–western division. In this role, Miller will be responsible for identifying, evaluating and initiating new and existing real estate development opportunities in the company's western division, which include the master plan development, design and operation of Class A mixed-use projects such as Main Street Promenade and Plaza del Lago in the Chicago metropolitan statistical area (MSA) and Southlake Town Square in the Dallas MSA.

CRE N Illinois
CRE Future Leaders: Paul Tesdal

CRE Future Leaders: Paul Tesdal

As part of our series, CRE Future Leaders, we caught up with Paul Tesdal, senior vice president, brokerage at Podolsky Circle CORFAC International. Tesdal has advised and executed on over $400 million of investment sales nationally across a broad spectrum of property types.

Retail N Illinois
A small-format Target store will be located in Wicker Park Connection II, a 15-story, 146-unit apartment development slated to open this summer.

Target invests in greater Chicago area

Shopping at Target is getting even better for guests in the greater Chicago area. Throughout 2018, the Minneapolis-based retailer will remodel 18 stores and open two new locations around Chicagoland. As part of its investment to become a better, more modern Target for guests, the company is elevating the shopping environment with the next generation of store design.