CRE N Illinois
Mixed sentiment for Chicago real estate markets

Mixed sentiment for Chicago real estate markets

Chicago real estate professionals universally agree that the commercial real estate markets have been consistently strong through the first half of 2018. However, according to a Mid-Year Chicago CRE Market Survey conducted by The Real Estate Center at DePaul University (The Real Estate Center), there is far less agreement on the outlook for the second half of the year.

Retail N Illinois
Beerhead Bar & Eatery plans Wrigleyville debut

Beerhead Bar & Eatery plans Wrigleyville debut

The American craft beer bar franchise, Beerhead Bar & Eatery, has finalized an agreement to make its Chicago debut as part of the much anticipated Addison & Clark complex in the Lakeview neighborhood. Across the street from Wrigley Field, Beerhead will begin serving its more than 500 brands of beer to baseball fans and Wrigley-goers in the spring of 2019.

Net Lease N Illinois
HFF announces $4.56M sale of retail building in suburban Chicago

HFF announces $4.56M sale of retail building in suburban Chicago

Holliday Fenoglio Fowler, L.P. (HFF) announced the $4.56 million sale of a 4,500-square-foot BP/Circle K service station and Marquette Bank ATM in the Chicago-area suburb of Hickory Hills, Illinois. The HFF team represented a private investor in the sale to the North American development group NNN REIT, which purchased the asset free and clear of existing financing.

Multifamily N Illinois
Construction begins on Des Plaines multifamily development

Construction begins on Des Plaines multifamily development

The Opus Group has begun construction on a 113-unit, mixed-use multifamily development in Des Plaines, Illinois, adjacent to the O’Hare office and industrial submarkets. Located at 1555 Ellinwood Avenue, the transit-oriented development will feature 1,400 square feet of ground floor retail space and will embrace the live-work-play mantra through conveniently accessible local amenities. The development is a joint venture with Berkshire Group.

CRE Midwest
Hall of Fame profile: JLL's Jake Sturman

Hall of Fame profile: JLL's Jake Sturman

Each year, Midwest Real Estate News runs its Midwest Commercial Real Estate Hall of Fame edition, highlighting the careers of the top CRE pros in the industry. This year, we are also running these profiles online. Today, we look at the thriving career of Jake Sturman, managing director with the Indianapolis office of JLL.