Office N Illinois
West Loop office property sells for $8 million

West Loop office property sells for $8 million

A 27,895-square-foot, brick and timber loft office building sold at 327 N. Aberdeen in Chicago’s rapidly developing Fulton Market neighborhood. The property, which is one block from Google’s Midwest headquarters and three blocks from McDonald’s new world headquarters, sold for $8,150,000.

Office N Illinois
Luxury apartment building Optima Signature enters co-working game, will lease out business suites

Luxury apartment building Optima Signature enters co-working game, will lease out business suites

Optima, Inc. is currently leasing fully furnished commercial office suites at Optima Signature, a 57-story, 490-unit Class A tower at 220 E. Illinois Street in Chicago’s Streeterville neighborhood. The suites are available to nonresidents of the building as well as residents. In a unique offering in the popular co-working market, individuals and small businesses leasing space at Optima Signature also have access to the development’s 1.5 acres of amenities across three floors.

Multifamily X Missouri
Are apartment rents headed down in 2019?

Are apartment rents headed down in 2019?

Will 2019 be the year that the multifamily market finally slows across the Midwest? CRE pros working the region have told Midwest Real Estate News that demand for new apartment units, especially those located in urban settings, remains strong as 2019 begins. But one study suggests that when it comes to rental rates a slowdown might have already occurred.

Net Lease N Illinois
CRE Future Leaders: Jimmy Goodman

CRE Future Leaders: Jimmy Goodman

As part of our series, CRE Future Leaders, we caught up with Jimmy Goodman, partner at The Boulder Group, a boutique investment real estate service firm specializing in net-lease properties. The firm provides a full range of brokerage, advisory and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds.

Office N Illinois
Tegus signs on for 14,195 SF at 120 South LaSalle

Tegus signs on for 14,195 SF at 120 South LaSalle

Colliers International Chicago’s Tony Karmin and Joe Stevens represented Tegus, a fast-growing primary research platform that powers the decision-making process of institutional investors, in its new 14,195-square-foot, long-term lease at 120 S. LaSalle Street. The firm will move into the Chicago Loop property, owned by Toronto-based Slate Office REIT, in April 2019.