Industrial N Illinois Brennan Investment Group taps Comcast to bring fiber into Elk Grove Technology Park Brennan Investment Group, the industrial developer behind the $1 billion Elk Grove Technology Park, has partnered with Comcast Business to bring its advanced fiber network to the technological innovation and business development hub now under construction in Chicago’s northwest suburbs near O’Hare International Airport.
CRE N Illinois CBRE appoints Abe Gamboa as project management Midwest division leader CBRE has appointed Abe Gamboa to the position of Midwest division leader for project management (PJM). In his new role, Gamboa is responsible for providing line of business support and leadership for the Midwest Division which includes 14 offices and approximately 150 employees, including the Chicago-based CBRE | Heery team.
Multifamily N Illinois First look at Wolf Point East amenities Developer Hines has unveiled new amenity renderings of Wolf Point East, the luxury rental tower now under construction at the convergence of the Chicago River branches in River North. Wolf Point East sits above a four-acre riverfront park and as the renderings show, tenant offerings don’t stop at downtown views.
Industrial N Illinois Going streaking: Chicago industrial market extends run for quarterly metrics Record-low vacancy, historically sound rental rates and a brimming construction pipeline during the first half of 2019 have brightened the sheen on Chicago’s industrial market. Looking ahead, there are no signs of a slowdown.
Multifamily N Illinois Monument Capital Management acquires townhomes in Woodbridge, Illinois Fully integrated real estate investment firm Monument Capital Management, an A-Rod CORP company, has acquired Townhomes at Highcrest, a 176-unit apartment community in Woodbridge, Illinois. Monument Capital Management acquired the property from Highcrest Apartments, LLC and plans to invest approximately $1.5 million in capital improvements …
CRE N Illinois MK Asset Investment acquires two properties and sells another in Chicago area MK Asset Investment, a boutique, Chicago-based commercial real estate investment, management and brokerage firm, has announced industrial property acquisitions in Franklin Park and Waukegan, Illinois, and the disposition of a retail center in Round Lake Beach, Illinois. The aggregated value of the transactions exceeded $10 million.
Net Lease N Illinois Horvath & Tremblay sells Chicago Heights Arby's for $1.4M Matthew Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Arby’s in Chicago Heights, Illinois. John Przybyla of Horvath & Tremblay was the acting broker of record. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction that closed at a sale price of $…
CRE N Illinois NKF Chicago Office adds capital markets brokers Sandquist and Asensio Newmark Knight Frank (NKF) announces the addition of leading corporate capital markets and net lease brokers to its Chicago office. With over 35 years of combined experience, vice chairman Andrew Sandquist and managing director J.C. Asensio join NKF, specializing in sale-leaseback solutions for corporate occupiers and mergers and acquisitio…
Industrial N Illinois CCRE brokers four suburban Chicago warehouse deals Chicagoland Commercial Real Estate, Inc. (CCRE) recently brokered four industrial deals at three locations around the Chicago metro. The transactions occured in Island Lake, Rolling Meadows and Schaumburg, Illinois.
Office N Illinois With Fulton Market expansion, Glassdoor plans to add new jobs in Chicago Job search and recruiting giant Glassdoor will further expand its presence in Chicago, signing a long-term lease for two full floors of a new office building, West End on Fulton, located at 1375 W. Fulton Street. With room for up to 400 employees, in addition to the offices at 1330 W. Fulton Street that Glassdoor will maintain, the company …
Multifamily N Illinois River West TOD to break ground next week Chicago developer Fifield Companies will break ground next week on a mid-rise apartment building at 740 N. Aberdeen Street. Located in Chicago’s River West neighborhood, the FitzGerald Associates Architects-designed transit-oriented development will overlook the Kennedy Expressway.
Multifamily N Illinois Brooke Jackson joins Newmark Knight Frank Brooke Jackson has joined Newmark Knight Frank’s multifamily division as a vice president in the firm’s Chicago office. Jackson reports to Joel Simmons, executive managing director, and team, including Adam Levinson and Ben Greazel, both executive managing directors.
CRE N Illinois ULI Chicago names nine winners at 2019 Vision Awards Six projects, two programs and one young visionary were announced as winners at the 8th annual Urban Land Institute Chicago Vision Awards. The Vision Awards honor projects and programs that reflect creative development practices, inventive partnerships, sharing of resources, imaginative problem solving and visionary ideas contributing to th…
CRE N Illinois Hugh Williams and Matt Knafel join MK Asset MK Asset, a boutique, Chicago-based commercial real estate firm, has appointed Hugh Williams, managing broker and principal, to lead the firm’s newly launched brokerage services division. Along with that appointment, Matthew Knafel, senior associate, has been added to support Williams in the expansion of this service line.
CRE N Illinois CRE Future Leaders: Anthony Farella As a vice president at North Wells Capital, Anthony Farella assists with the company’s commercial real estate investment and development activities. Since joining the firm in 2016 he has helped grow, manage and add value to a portfolio of commercial assets in both the River North neighborhood of Chicago as well as in Milwaukee.
Office N Illinois Tech firm ActiveCampaign doubles its Loop footprint ActiveCampaign, a marketing software company, has signed a 50,000-square-foot lease at 1 North Dearborn Street in Chicago’s Loop, in addition to the 65,000 square feet that the firm has occupied since 2017. Having doubled its workforce to approximately 500 employees in the past few years, ActiveCampaign now occupies space on the fourth and …
Net Lease v Wisconsin Marcus & Millichap sells Pizza Hut in Wisconsin community Marcus & Millichap closed the sale of a 2,750-square-foot Pizza Hut in Kaukauna, Wisconsin. The restaurant sold for $800,000.
CRE N Illinois LA-based community kitchen concept, AMPED Kitchens, headed to Chicago Amped Kitchens, a Los Angeles-based industrial production space, will open their first facility outside of Los Angeles later this year. Amped Kitchens recently purchased the 117,000-square-foot former Zenith Television factory at 5801 W. Dickens Avenue, located in Chicago’s Galewood neighborhood. Kudan Group managing broker, Brian Laskov, r…
Multifamily N Illinois The Habitat Company assumes management of 18 affordable housing communities in Chicago The Habitat Company, a Chicago-based multifamily developer and property manager, has assumed management of 18 Chicago Housing Authority (CHA)-owned affordable housing communities in Chicago. The properties add 4,479 rental units to the portfolio of the Habitat Affordable Group, the company’s affordable housing division, which now operates m…
CRE N Illinois EDC pro joins Crowe LLP Ivan Baker is joining the Crowe LLP Credits and Incentives Consulting Team in Chicago as manager effective July 15.