Office N Illinois CBRE represents AADE in relocation and expansion at 125 S. Wacker CBRE recently represented the American Association of Diabetes Educators (AADE) in an 18,511-square-foot lease at 125 S. Wacker in Chicago. The association, which currently occupies 17,000 square feet at 200 W. Madison, will move to its new location in January of 2020, occupying a full floor and implementing a collaborative workspace plan.
CRE N Illinois Ahead of the CRE Forecast, a look at Chicago in 2019 When the 850 or so expected industry professionals pour into the Hyatt Regency Chicago on Jan. 8 for the 17th annual Commercial Real Estate Forecast Conference, they’ll hear from dozens of experts about where the market is headed in 2019. We reached out to two of the speakers, Molly McShane and Drew Nieman, for a preview of what they feel t…
Industrial N Illinois Holidays create new wrinkle for retailers: Reverse logistics One defense of brick-and-mortar retail holds that for some goods, consumers need to hold the product in their hands or try them on. But as e-tailers have streamlined return procedures, even more shoppers are moving to online, opting to instead send unwanted items back. Thus the e-commerce disruption continues to unfold as reverse logistics …
Industrial N Illinois Industrial and logistics outlook for 2019 The country’s industrial and logistics (I&L) sector performed extremely well throughout 2018, impelled by strong market fundamentals, growth in consumer spending, business inventories and industrial production. According to CBRE’s 2019 U.S. Real Estate Market Outlook, investors, developers and users can expect more of the same in 2019.
Multifamily W Minnesota CBRE sells 413-unit apartment community in Minnesota CBRE Multifamily represented Rochester Village Investors, LLC in the sale of The Gates of Rochester, a 413-unit multifamily community at 2015 41st NW in Rochester, Minnesota. Monarch Investment & Management Group is the buer.
Multifamily N Illinois CBRE brokers $27 million condo deconversion sale in Edgewater Beach CBRE’s Chicago office recently brokered the sale of a 188-unit condo deconversion property at 5815 N. Sheridan Road in Chicago for $27.2 million.
Office W Minnesota Opus to convert former Target campus in Minneapolis to office space The Opus Group acquired the former Target Corp. west corporate campus in Minneapolis along the Interstate 394 corridor. Opus will convert the single-use office building into multi-tenant office space and update the common areas throughout.
Industrial N Illinois Venture One completes spec infill logistics facility in Elmhurst Venture One Real Estate announced the completion of 845 Larch, an 81,212-square-foot speculative logistics facility located in Elmhurst, Illinois. Located in the heart of the Elmhurst Industrial park, the property offers immediate access to O’Hare Airport and the rest of the Chicago Market with the advantages of a DuPage County address.
CRE N Illinois Dave Prioletti honored by SIOR Chicago Chapter with Richard G. Levy President’s Award David Prioletti, SIOR, has been awarded the 2018 Richard G. Levy President’s Award by the SIOR Chicago Chapter. A senior vice president with CBRE, Prioletti is a long-time member of the SIOR Chicago Chapter, having served as board secretary in 2008, board treasurer in 2009, board vice president in 2010 and president in 2011.
Industrial W Minnesota CBRE sells four-building industrial portfolio in Minneapolis market CBRE closed the sale of a four-building, 612-960-square-foot industrial portfolio in Minneapolis. The portfolio was sold by Altus Properties to a fund managed by DRA Advisors LLC for $40.4 million.
Office W Minnesota CBRE helps ALS find new HQ building in St. Paul The ALS Association’s Minnesota/North Dakota/South Dakota Chapter will open a new, more accessible headquarters in St. Paul, Minnesota’s, Midway neighborhood in early 2019. As part of the relocation, the chapter will also unveil a 2,000-square-foot Learning Lab, which will host support groups, trainings, meetings, equipment demonstrations a…
Industrial O Indiana CBRE names director of Midwest industrial team CBRE has hired Chris Scott as director of the company’s Midwest Industrial Project Management leadership team.
Finance W Minnesota CBRE team closes more than $52 million in financing in November Joel Torborg and Ben Bastian of CBRE Minneapolis’s Debt and Structure Finance team arranged more than $52.3 million in SBL financing across 22 properties with 672 units in the month of November. Included within that total were two large multifamily portfolios in the popular Uptown and Eat Street neighborhoods of Minneapolis.
Hospitality v Wisconsin CBRE sells two-hotel portfolio in Milwaukee market CBRE has arranged the sale of a 228-room, two-property hotel portfolio in Oconomowoc, Wisconsin, in the Milwaukee market.
CRE N Illinois CRE Future Leaders: Andy Heymann As part of our series, CRE Future Leaders, we caught up with Andy Heymann, a director in Cushman & Wakefield’s Chicago office. Heymann has assisted regional and national firms with lease restructures, renewals, relocations, acquisitions and dispositions. His current clients range from local law firms to Fortune 500 corporations.
Office W Minnesota CBRE sells 385,000-square-foot headquarters building in Minnesota CBRE Capital Markets arranged the sale of the 385,000-square-foot Prime Therapeutics headquarters facility under construction in Eagan, Minnesota, for $98.5 million. Winnipeg-based Artis REIT was the buyer.
Industrial X Missouri CBRE names first vice president in St. Louis office Katie Haywood has been promoted to first vice president in the St. Louis office of CBRE.
Multifamily W Minnesota CBRE sells 698-unit apartment complex in Minneapolis area CBRE Multifamily represented MSP Crossroads Apartments in the sale of The Concierge, a 698-unit multifamily community at 7600-7720 Penn Ave. S. in Richfield, Minnesota, to JRK Investors Inc.
Multifamily Midwest Workforce housing a new darling of investors? Workforce housing has become a draw for the dollars of investors, according to the latest research from CBRE. The reason is simple: This type of multifamily housing is generating strong returns for investors.
Industrial X Missouri Two more tenants move into St. Louis-area's Fenton Logistics Park US Capital Development (USCD) - formerly operating under the name KP Development - announced that Fenton Logistics Park in the St. Louis market is preparing to add another 150 jobs at the site of the former Chrysler Plant as two more tenants have signed leases to move into the park in the first quarter of 2019.