Industrial N Illinois
Vienna Beef moving to new headquarters on Chicago's West Side

Vienna Beef moving to new headquarters on Chicago's West Side

Chicago-based Dayton Street Partners has leased 2501 West Fulton in Chicago to Vienna Beef. The company will take the whole building when it moves its company headquarters from 2501 North Damen Avenue in the first quarter of 2020. All office and warehouse employees will shift to the new building while manufacturing will remain at the company’s South Side facility.

Office N Illinois
Trammell Crow signs tenant at Fulton Market tech incubator

Trammell Crow signs tenant at Fulton Market tech incubator

Trammell Crow Company (TCC) has completed a deal with P33—an organization dedicated to transforming Chicago into a top-tier inclusive tech hub—as the first tenant at 1234 West Fulton Market. Occupying roughly half of the building, P33 will move into the 5,549-square-foot office space in January, signifying its official launch in Chicago.

Office i Ohio
Vocon wraps design of tech firm headquarters near Cleveland

Vocon wraps design of tech firm headquarters near Cleveland

Vocon, a national strategy, design and architectural firm, has completed the design of Process Technology’s new headquarters. The 23,500-square-foot project is located in Willoughby, Ohio, and accommodates the thermal solution company’s need for a modern space and the founder’s commitment to incorporate operational transparency.

Finance N Illinois
JLL capitalizes Marq on Main in suburban Chicago

JLL capitalizes Marq on Main in suburban Chicago

JLL Capital Markets arranged joint venture equity and financing for Marq on Main, a newly built, fully amenitized, boutique apartment asset in the affluent Chicago suburb of Lisle, Illinois. JLL worked on behalf of Marquette Companies to arrange a joint venture equity partnership with Principal Real Estate Investors. In addition, the team worked on behalf of the new partners to place a fixed-rate loan with a correspondent life company lender.

CRE N Illinois
Avison Young Chicago holds sixth annual Day of Giving

Avison Young Chicago holds sixth annual Day of Giving

Avison Young’s Chicago-area offices recently partnered for a day with Friends of the Forest to clear about an acre and a half of brush in a Chicago nature preserve. This effort was part of Avison Young’s global Day of Giving, a corporate initiative now in its sixth year and a cornerstone of the firm’s charitable efforts through offices in the U.S., Canada, Mexico, Asia and Europe.

CRE N Illinois
How concerning are mounting construction costs?

How concerning are mounting construction costs?

The bottom fell out of a lot of things following the 2008 market crash, including construction costs. Prices associated with nonresidential construction tapered off until about six years ago, when steady escalations took hold year after year. Will these increases hasten the finale of this record-long development cycle?