Office W Minnesota CBRE takes on listing duties at pair of Minneapolis-area office buildings CBRE has been awarded the exclusive leasing assignments of two office properties in St. Louis Park and Plymouth, Minnesota, Superior Plaza and Willow Creek Plaza, following the recent purchases of both buildings by Redline Property Partners.
Office W Minnesota Redline acquires pair of office buildings near Minneapolis Redline Property Partners has purchased Superior PLaza in St. Louis Park, Minnesota, and Willow Creek in Plymouth, Minnesota. The two are office properties located in the area’s I-394 Corridor submarket.
CRE N Illinois CBRE adds to project management advisory business in Chicago CBRE has named Jason Sparks as business development director for the project management (PJM) advisory business in Chicago. In this new role, Sparks will focus on sourcing, developing and closing third-party project management business opportunities within the greater Chicago area.
Industrial Q Kentucky MK Asset closes big deal in Louisville MK Asset Brokerage, a Chicago-based commercial real estate investment, brokerage and advisory firm, has completed transactions totaling about 500,000 square feet in Riverside, California, and Louisville, Kentucky. The value of the transactions exceeded $25 million in aggregate lease expense.
Office N Illinois CBRE represents Shorenstein in 25,000-SF Loop office lease to ReviewTrackers CBRE represented Shorenstein Properties in leasing a 25,147-square-foot office space at One North State in Chicago to ReviewTrackers, an online reputation management firm. After securing its Series B funding, ReviewTrackers is expanding its Chicago operations and relocating from 320 W. Ohio Street, where it currently leases 10,000 square feet.
Office X Missouri CBRE St. Louis office adds associate Amy Powell has joined the CBRE St. Louis office brokerage group as an associate. She will be working with all members of the office team as she starts her commercial real estate career.
Industrial N Illinois Duke Realty leases up Lockport industrial facility The Chicago office of Duke Realty has signed a lease with 48forty Solutions, a pallet management company, for 83,720 square feet at 16508 S. John Lane Crossing in Lockport, Illinois. With this lease, Duke Realty’s three Lockport buildings, which total 802,284 square feet, are 100 percent leased.
Industrial N Illinois Westmount Realty Capital hires seasoned property manager in Chicago Commercial real estate development and investment management firm Westmount Realty Capital, LLC has hired John Humphrey as senior property manager—Chicago. Humphrey brings over 23 years of commercial real estate asset and property management experience to Westmount and will oversee the company’s Chicago-area industrial portfolio of 4.675 mi…
Retail N Illinois Luxury haberdashery Syd Jerome doubles Loop footprint In its second move in 26 years and third in its 60-year history, Syd Jerome, the luxury menswear store, has relocated to a 7,300-square-foot, two-level ground floor location at 20 N. Clark Street, an office tower in Chicago’s Central Loop. The move will provide twice the space of the retailer’s previous location.
CRE N Illinois Chicago a top-three market for tech talent growth The high-tech industry has accounted for about one-fifth of major office-leasing activity in the U.S. since 2018—more than any other industry. With its access to labor, higher education pipeline and relative affordability, Chicago is poised to capitalize from a recent top-three ranking among North American markets for attracting tech workers.
CRE N Illinois CBRE's Bob Wislow, Camille Julmy form new venture CBRE chairman, Bob Wislow, announced that he and CBRE vice chairman, Camille Julmy, are forming a new, boutique real estate venture, Parkside Realty, Inc. The real estate veterans will maintain their portfolio and develop new projects, such as an office building they are developing in Fulton Market.
CRE N Illinois Michael Brim joins Advocate Commercial Real Estate Advisors Advocate Commercial Real Estate Advisors, a provider of tenant representation services with offices in Chicago and Detroit, has hired Michael Brim as its chief operating officer. A veteran in the real estate industry, Brim brings more than 32 years of experience in successfully growing dynamic organizations.
Multifamily O Indiana CBRE sells 296-unit apartment property near Indianapolis CBRE has brokered the sale of Copper Chase at Stones Crossing, a 296-unit apartment property in the Indianapolis metro area at 2345 Thorium Drive in Greenwood, Indiana.
Industrial O Indiana CBRE closes $6 million bridge loan for portfolio near Indianapolis CBRE has arranged and closed a bridge loan on behalf of its client, Indianapolis-based DTM Real Estate. A bridge loan was obtained by Dan Gable and Jason Brown from CBRE Capital Markets’ Debt & Structured Finance team for a three-building portfolio totaling 161,954 square feet of office and flex industrial space in Greenwood, Indiana.
Office O Indiana CBRE closes three leases at Indianapolis-area office park CBRE has brokered three leases within One & Two Penn Mark, totaling 24,700 square feet of space in Carmel, Indiana, near Indianapolis. The leases mark strong activity at the 145,182-square-foot and 98,089-square-foot buildings.
CRE N Illinois CBRE and Chicago Cubs raise $500,000 at CBRE Cares Charity Bash The Chicago office of CBRE and the Chicago Cubs recently hosted the 12th Annual CBRE Charity Bash at historic Wrigley Field. The event raised $500,000, with 100 percent of net proceeds benefiting numerous local charities.
Industrial N Illinois Colliers completes full-building industrial lease for Panattoni Colliers International | Chicago represented Panattoni in a long-term lease to NorthShore Care. The 161,585-square-foot, full-building lease is at the developer’s newest project currently under construction at Rockland Road and I-94 in Green Oaks, Illinois. Delivery is expected in January 2020.
Industrial N Illinois CBRE assists Helm Tool Company in purchase of 93,000-SF Schaumburg HQ CBRE recently represented Helm Tool Company in the acquisition of 1420 S. Wright Boulevard in Schaumburg, Illinois, a 93,477-square-foot property that will serve as the company’s new headquarters. The firm will relocate from three area properties—two in Elk Grove Village and one in Des Plaines—after completing significant renovations to the…
Industrial N Illinois Prologis to acquire Industrial Property Trust in $4B deal Logistics real estate giant Prologis, Inc. has signed a definitive merger agreement to acquire Industrial Property Trust Inc. (IPT). Prologis will acquire IPT's wholly owned real estate assets for approximately $3.99 billion in a cash transaction, including the assumption and repayment of debt. The transaction is expected to close by the fi…
Office N Illinois Sales tech firm Showpad triples footprint at One North State Sara Spicklemire and Kelsey Scheive of CBRE represented Shorenstein Properties in leasing a 68,391-square foot office space at One North State in Chicago. James Stein of Cushman & Wakefield represented the tenant, global sales enablement leader Showpad.