Office N Illinois Salesforce Tower coming to Chicago, bringing 1,000 employees with it San Francisco-based Salesforce is expanding its Chicago footprint, and will take naming rights on the last project in the Wolf Point Development when Salesforce Tower Chicago is completed. The software and cloud computing firm, which currently employs more than 1,400 in Chicago, aims to add 1,000 new jobs locally over the next five years.
Industrial N Illinois Pizzuti lands RJW Transport for long-term lease in Romeoville The Pizzuti Companies has announced a new long-term lease at Pizzuti’s latest industrial speculative building in Chicago’s I-55 corridor, Pinnacle XXII. Jeff Kapcheck of CBRE represented ownership in the lease transaction and Dominic Carbonari with JLL represented the tenant, RJW Transport.
Multifamily O Indiana RDG Funds acquires Coil Apartments in Indianapolis RDG Funds has acquired the Coil Apartments, a Class-A grocer-anchored mixed-use asset in the Broad Ripple neighborhood of Indianapolis.
Industrial X Missouri Avison Young negotiates sale of 11 acres in St. Louis market Avison Young-St. Louis represented Great Ledge Development in the sale of an 11-acre property to NorthPoint Development. The property is located on the corner of James S. McDonnell Blvd. and Byassee Drive near the Boeing campus in Hazelwood, Missouri. The sales price was $1.93 million.
Industrial W Minnesota CBRE vice president elected to Minnesota Real Estate Hall of Fame Tom Holtz, an executive vice president with the Minneapolis office of CBRE, was recently elected to the Minnesota Real Estate Hall of Fame.
Industrial W Minnesota CBRE closes sale of two-building industrial portfolio in Minneapolis market CBRE Capital Markets arranged the sale of two industrial buildings in the Minneapolis market to Onward Investors. The buildings totaled 159,516 square feet.
CRE N Illinois Skender expands strategic accounts team with hire of Michelle Levy Michelle Levy has joined Skender as strategic account manager. Her real estate brokerage background provides a foundation of industry knowledge and the ability to leverage her network to now provide integrated design, build and manufacturing solutions.
Office N Illinois CBRE completes renewal, expansion for Byline Bank at Woodfield Preserve CBRE facilitated a lease renewal and expansion at Woodfield Preserve Office Center, on behalf of Zeller Realty Group (ZRG), to Byline Bank at 20 N. Martingale Road in Schaumburg. Byline Bank, a full-service commercial bank, will extend its lease at Woodfield Preserve and expand from 25,998 square feet to 34,200 square feet to accommodate fu…
Multifamily N Illinois Draper and Kramer acquires 180-unit luxury rental community in Schaumburg Chicago-based Draper and Kramer, Incorporated has expanded its Chicago-area portfolio with the acquisition of North 680, a recently built, 180-unit luxury rental community in Schaumburg, Illinois. The property was purchased as part of a 1031 exchange following the firm’s sale of Fieldpointe of St. Louis, a 318-unit community in the St. Loui…
CRE N Illinois Cushman & Wakefield's Chicago office captures CBRE capital markets team Cushman & Wakefield announced that the office investment sales team of Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Hundertmark, formerly of CBRE, has joined Cushman & Wakefield, effective November 15. They are accompanied by their investment, analyst and client service professionals Jeremiah Olsen, Ben Foley, Matt Knoff and Debbie Leon.
Industrial X Missouri Avison Young closes sale of 11-acre property in Missouri Avison Young-St. Louis represented Great Ledge Development in the sale of an 11-acre property to NorthPoint Development. The property is located on the corner of James S. McDonnell Blvd. and Byassee Drive near the Boeing campus in Hazelwood, Missouri. The sales price was $1.93 million.
Retail N Illinois Shopping center in Chicago’s Northwest suburbs sells for $32.5M A fund managed by New York-based DRA Advisors has partnered with Northbrook, Illinois-based Pine Tree, LLC to acquire The Shops at Kildeer, a 171,339-square-foot shopping center in the affluent Chicago suburb of Kildeer, Illinois, for the purchase price of $32.5 million.
Office N Illinois New Class A office space to break ground this month in Fulton Market Trammell Crow Company and CBRE Global Investors announced that construction will commence this month on a Class A, 300,000-square-foot office tower located at 1375 W. Fulton Market in Chicago's expanding Fulton Market neighborhood. The 14-floor tower will include 15,000 square feet of ground floor space for retail and restaurants. The fully…
Industrial O Indiana Molto to develop 246,000-square-foot industrial property in Indianapolis Molto Properties recently acquired 16.58 acres of land in Indianapolis. The site located at 5610 Stanley Road is part of the Ameriplex logistics campus, a 1,700-acre master-planned park developed in a public-private partnership between the City of Indianapolis and Holladay Properties.
CRE V Michigan CBRE and CBRE|Martin end affiliate agreement in Grand Rapids, Lansing CBRE, Inc. and CBRE|Martin have decided not to renew their affiliate agreement covering operations in Grand Rapids and Lansing, Michigan.
Healthcare O Indiana CBRE hires healthcare specialist in Indianapolis CBRE has hired Katie Sobotowski as a vice president in its Indianapolis office. She will specialize in the healthcare sector.
Office W Minnesota CBRE negotiates corporate office portfolio sale in Minneapolis area CBRE Capital Markets has arranged the sale of a four-property corporate office portfolio in the Minneapolis area totaling 374,942 square feet to a joint venture between Artemis Real Estate Partners and Eage Ridge Partners.
Hospitality Midwest CBRE: The hotel business keeps booming The hotel business has been a profitable one so far this year, and operators should expect more of the same throughout 2018.
Office i Ohio CBRE marketing three-building office portfolio in Ohio CBRE is listing three-building portfolio Third and Dayton for lease in downtown Hamilton, Ohio. The properties, located at 131, 132 and 136 N. Third St. offer 428,000 square feet of available space.
Office N Illinois Stanton Road Capital acquires Arbor Lake Centre in suburban Chicago Stanton Road Capital, LLC (SRC), a Los Angeles-based real estate investment firm, has purchased Arbor Lake Centre at 1751 Lake Cook Road in Deerfield for an undisclosed sum. Located at the confluence of I-94 and I-294, the 228,000-square-foot, Class A office building was 75 percent leased at the time of acquisition.