Industrial N Illinois Largest spec industrial building planned for Fox Valley submarket Midwest Industrial Funds recently broke ground on a 303,601-square-foot industrial building within the DuPage Business Center at 2525 Enterprise Circle in West Chicago, Illinois. It will be the largest speculative building to be developed in the Fox Valley submarket and the only building in the area to feature 36-foot clear ceiling height.
CRE N Illinois First phase of Bears' Halas Hall modernization completed Mortenson recently completed the first phase of the partial demolition, expansion and renovation of Halas Hall, the iconic Lake Forest, Illinois headquarters of the Chicago Bears. The first phase, turned over on April 1, focused on football operations and included demolition of part of the original facility and building a 165,000-square-foo…
CRE N Illinois Owen Wagener & Co. leases more than 66,000 SF in numerous Chicago-area deals Owen Wagener & Co., based in Schaumburg, Illinois, recently closed over 66,000 square feet of real estate deals at 13 properties around the Chicago area. The transactions occurred in Addison, Arlington Heights, Bensenville, Bridgeview, Carol Stream, Crestwood, Elk Grove Village, Glendale Heights, Johnsburg, Lake Bluff, Schaumburg, Thorton a…
Multifamily N Illinois Upshore Chapter nears completion in Chicago's Uptown Upshore Chapter, a 149-unit apartment building in Chicago’s historic Uptown neighborhood, is nearing completion. Developed by CRG, the twelve-story glass tower at 4555 N. Sheridan Road will welcome first move-ins next month.
CRE N Illinois Graycor takes on Tough Mudder, aiming to raise over 50K for ALS Association Graycor Family of Companies, including Graycor Construction Company Inc., Graycor Industrial Constructors Inc. and Graycor Southern Inc., will participate in the Tough Mudder event to raise money for charity for the fourth consecutive year. The Chicago team will tackle the 10-12-mile obstacle course in Rockford, Illinois on Saturday, August…
Industrial N Illinois Bridge Development leases 880,000 SF in Chicago area during first half of year Through the first half of 2019, Bridge Development Partners totaled 880,000 square feet of leases signed in the Chicagoland market. Since only January, Bridge has secured tenants in five state-of-the-art industrial facilities across the Chicago area, namely in its Wood Dale, Franklin Park, Downers Grove, Bridge Point North and Fountain Squa…
CRE N Illinois Teena Lorie Harris joins Farbman Group in Chicago market as property manager Farbman Group, a full-service commercial real estate firm based in Southfield, Michigan, with offices throughout the Midwest, has named Teena Lorie Harris as property manager for properties in Northbrook, Elk Grove and Naperville, Illinois. Harris will oversee the firm’s suburban Chicago portfolio including the operations, general site mana…
CRE N Illinois Clayco architecture firms LJC and BatesForum to merge Lamar Johnson Collaborative (LJC), a subsidiary of Clayco, will combine with Clayco-owned BatesForum, creating one architecture firm of more than 240 professionals in five offices. Lamar Johnson will head up the new organization, which will continue to be known as LJC and based in Chicago.
Retail N Illinois New Lenox shopping center sells for $4.6 million Marcus & Millichap closed the sale of Bluestone Commons, a 36,025-square-foot retail property located in New Lenox, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. After procuring multiple offers, the asset sold to a Canadian real estate firm for $4,600,000.
Healthcare N Illinois Who’s got their finger on the pulse of healthcare real estate? The healthcare real estate sector has changed strikingly in the last decade, driven by aging demographics and increased ambition to deliver services outside of acute care settings. Over the next 10 years, the asset class will likely see even more drastic changes.
Retail N Illinois The nation's largest rooftop deck, Offshore, opens at Navy Pier Last night, the nation’s largest rooftop venue celebrated its opening at Chicago’s iconic Navy Pier. Offshore, a 36,000-square-foot, all-weather venue welcomed guests for drinks and hors d'oeuvres, and to see the official designation from Guinness World Records for largest rooftop bar.
Retail N Illinois Quantum Real Estate Advisors brokers sale of a multi-tenant strip center in Chicago Quantum Real Estate Advisors, Inc. has brokered the $2,950,000 sale of a multi-tenant retail building located at 5101-5149 S. Cicero Avenue in Chicago. The 19,289-square-foot building is fully leased to a strong mix of national and regional tenants including Dollar Tree, Boost Mobile, Cricket Wireless and more.
Office N Illinois Tech firm Verifone doubles Chicago office footprint Colliers International’s Nick Polsky, Romy Zeid, Evan Djikas and Andrew Gooliak represented Verifone, a Silicon Valley-based leader in point-of-sale (POS) payment technologies, in its 27,392-square-foot lease at 550 W. Jackson in Chicago. The Telos Group represented the building’s owner, 601W Companies.
CRE v Wisconsin Marcus & Millichap sells 999-unit self-storage portfolio in Wisconsin Marcus & Millichap sold Champion Self-Storage, a 999-unit self-storage portfolio in Sheboygan, Wisconsin. The asset sold for $8.975 million.
Industrial N Illinois STACK INFRASTRUCTURE to expand data center presence in Chicago market Denver-based STACK INFRASTRUCTURE plans to significantly expand its Chicago-area data center campus. The future development will be adjacent to STACK’s existing facility at 1441 Touhy Avenue in Elk Grove Village, Illinois.
Office N Illinois Skender completes office interior for Corix Group of Companies Skender, serving as general contractor, recently completed the 30,000-square-foot interior build-out at 500 W. Monroe Street for Corix Group of Companies. The water, wastewater and energy utility firm consolidated its offices across North America to downtown Chicago. The new offices will immediately house approximately 70 employees.
CRE N Illinois CRE Future Leaders: Miranda Parker Miranda Parker joined the Syndicated Equities acquisition team in September 2016, where she sources new investment deals, including reach-out with attorneys, public accountants and other high-net worth individuals in the syndication and 1031 world. Parker is a licensed real estate broker in the state of Illinois and is an active member of t…
CRE N Illinois Clune Construction promotes 11 in Chicago In keeping with its culture of promoting from within, Clune Construction has promoted 11 of its talented professionals in its Chicago office to executive-level positions: John Amos, Jim Bardoczi, Craig Erdenberger, Chris Franz, Andrew Hoppe, Steve Green, Rachel Munkvold, Dino Pastore, Mary Shea, Jeremy Stanek and Luke Unverzagt.
CRE N Illinois NelsonHill team joins JLL’s urban industrial brokerage in Chicago Mark Nelson, SIOR, Michael Nelson, SIOR, Gavin Stainthorpe, Michael Conway and Brian Etten have all joined JLL’s Chicago industrial practice. The team of brokerage professionals joins JLL from NelsonHill, a Chicago-based commercial real estate services firm focused on urban industrial sales and acquisitions, leasing and property management.
CRE N Illinois Jessica Doll joins GlenStar to lead new marketing program GlenStar has appointed Jessica Doll as director of marketing and customer experience. This newly created position puts Doll, a 15-year commercial real estate marketing veteran, at the helm of marketing, branding and tenant community activities. Doll will be based in the firm’s downtown Chicago headquarters.