Office N Illinois For downtown office space, Chicago not yet a renters' market Growth of downtown office rental rates has moderated in Chicago, but market dynamics still generally benefit ownership. In fact, asking rents are surging in the hot Fulton Market and River North neighborhoods.
Office N Illinois Drew Nieman reunites with former colleague in joining Riverside Investment Drew Nieman has left his role as executive vice president in CBRE Chicago’s agency leasing group to join Riverside Investment & Development. Serving as firm’s fifth principal, Nieman will reunite with former colleague, John O’Donnell. The move was first reported by Crain’s Chicago Business.
Office N Illinois Clayco awarded design-build contract for Fulton Market mid-rise Clayco has been awarded the design-build contract for the 215 N. Peoria office development in Chicago’s Fulton Market neighborhood. Led by developers Bob Wislow and Camille Julmy, the $26 million mid-rise project includes a 12-story office building featuring bottom floor amenities, two floors of parking, six floors of office space for lease…
Industrial O Indiana Opus attracts first tenant to River Ridge Commerce Center near Louisville The Opus Group recently announced that Denso Products and Services Americas, Inc., an automotive parts manufacturer, has signed a lease for Opus’ completed industrial building in River Ridge Commerce Center in Jeffersonville, Indiana. Denso will occupy 311,483 square feet of the 426,450-square-foot industrial building.
Office N Illinois Living on the edge: Engineering riverside high-rises Nearly 120 years ago, Chicago manifested an engineering feat when its namesake river was reversed, sending its waters out toward the Mississippi River rather than into Lake Michigan. Today, engineering marvels continue to occur along the Chicago River.
Healthcare i Ohio CBRE names new VP in Columbus office Molly Leach has been promoted to vice president at the Columbus, Ohio, office of CBRE.
CRE N Illinois Newmark Knight Frank wins 2018 Office Property Representative of the Year The team of Bill Rolander, Jon Cordell, Jason Houze and Jessica O’Hara of Newmark Knight Frank’s (NKF) Chicago office were awarded the Greater Chicago Food Depository’s (GCFD) 2018 Office Property Representative of the Year award. The prestigious award was announced during GCFD’s 31st annual Chicago Commercial Real Estate Awards dinner, whi…
Industrial i Ohio Duke Realty's Cincinnati office celebrates busy end of 2018 The Cincinnati office of Duke Realty wrapped up the last quarter of 2018 with high leasing activity, the completion of a new speculatively developed warehouse and continued headway on a build-to-suit, omni-channel distribution facility for Design Within Reach.
CRE N Illinois SIOR Chicago announces 17th annual chapter award winners The Chicago Chapter of the Society of Industrial and Office Realtors recently presented the 17th Annual Chapter Awards in a presentation held on February 26.
Retail N Illinois Urbanspace to bring new food hall to Chicago Loop Food hall operator, Urbanspace, has signed a lease to bring a new food hall to Chicago’s Loop. The 12,000-square-foot facility will accommodate more than 20 vendors on the ground floor of the 15 W. Washington Building, once the home of Woolworth’s flagship store at Washington and State.
CRE N Illinois Abe Gamboa promoted to managing director at CBRE Chicago Abe Gamboa has been promoted to managing director of project management (PJM) for the Chicago and Milwaukee markets at CBRE.
Office N Illinois CBRE completes lease for Regus at Schaumburg's Woodfield Preserve CBRE announced a 36,215-square-foot lease renewal at Woodfield Preserve Office Center, on behalf of Zeller Realty Group (ZRG), to Regus at 10 N. Martingale Road in Schaumburg. Regus, one of the world’s largest providers of flexible workspace, has been a tenant at Woodfield Preserve since 2000.
Multifamily O Indiana CBRE provides $1.18 million loan for Indianapolis apartment community CBRE has structured a $1.18 million loan to refinance the Llanhurst Apartments in Indianapolis. A Freddie Mac Small Balance Loan was obtained by Dan Gable and Jason Brown of CBRE Capital Markets’ Debt & Structured Finance team on behalf of their client, Indy Up LLC.
Industrial N Illinois Data center vacancy down in Chicago as users turn to new space The Chicago data center market vacancy stood at 10.7 percent for the second half of 2018, down from 11.2 percent in the first half of the year. However, newly delivered product and decelerating leasing velocity led to vacancy increasing 180 basis points year-over-year.
Office V Michigan CBRE handling listing duties at marquee office park in Detroit area CBRE has been hired by Northern Equities Group as the exclusive listing agent for the Haggerty Corridor Corporate Park in Novi, Michigan.
Industrial X Missouri CBRE adds to St. Louis industrial team CBRE has added John Frith to the St. Louis Industrial team as an associate broker, specializing in agency assignments and occupier representation.
CRE N Illinois Brad Serot promoted to vice chairman at CBRE CBRE recently promoted Brad Serot to vice chairman, the highest producer ranking at the firm. Part of CBRE’s occupier advisory and transactions business, Serot has been directly involved in more than $6 billion in transactions since joining the firm in 2001.
CRE N Illinois Franklin Partners redeveloping One Mag Mile in Chicago Franklin Partners announced the redevelopment of One Mag Mile (980 N. Michigan Avenue), including transformative lobby renovations. Additional building improvements are planned and the developer recently hired a new building operations manager who will ensure that tenants receive the highest quality services and support.
Industrial P Kansas Pair of tenants move into Opus spec building near Kansas City Gateway Classic Cars and Lanter Delivery Systems, Inc. are the first tenants in Opus Development Group’s recently completed speculative warehouse and distribution building at 56 Commerce Center in Olathe, Kansas. Gateway Classic Cars and Lanter moved into 56 Commerce Center earlier this year and now occupy more than 85,000 square feet in th…
Office N Illinois Chicago's One North Wacker signs over 100,000 square feet of new leases Irvine Company Office Properties announced five leases totaling 103,307 square feet at One North Wacker, UBS Tower, the 50-story modern workplace community in the heart of Chicago’s famed central business district, the Loop. Irvine Company also announced that One North Wacker has received the prestigious LEED Platinum certification.