Industrial N Illinois Looking for a big box industrial investment? Here are three downstate options. Despite this record-long bull market showing signs of strain, there is plenty of capital eagerly hunting large distribution centers that can service the e-commerce industry. Yes, there has been a lot of development in Chicago’s I-80 and I-55 corridors of late, but investors might want to look downstate for strong investment opportunities.
Office N Illinois American Library Association sells Chicago HQ The American Library Association (ALA) has sold its headquarters buildings at 40-50 E. Huron Street in a deal brokered by Cushman and Wakefield. The professional association will move its office functions from Chicago’s River North neighborhood to Michigan Plaza at 225 N. Michigan Avenue in Spring 2020.
Multifamily v Wisconsin Cushman & Wakefield brokers $18 million apartment sale near Milwaukee Cushman & Wakefield’s Midwest Multifamily Advisory Group brokered the $18.7 million sale of Springdale Apartments, a three-story, 199-unit community at 2415 Springdale Road in the Milwaukee suburb of Waukesha, Wisconsin.
Industrial i Ohio CRESCO closes 38,000-square-foot industrial deal in Akron Cushman & Wakefield|CRESCO professional Fred Christie represented Promerus in the leasing of 38,000 square feet of industrial and office space at 225 W. Bartges St. in Akron, Ohio.
CRE N Illinois Fifield Cos. announces seven executive-level promotions, one new hire Chicago-based developer Fifield Cos. has announced the promotion of six executives and one associate, as well as the addition of a new senior associate, in response to an outlook of continued growth in top markets such as Chicago, Los Angeles, Dallas, Miami and Washington, DC.
Industrial X Missouri Honeywell signs 275,000-square-foot lease at Centerpoint KC center Honeywell has signed a lease for 275,000 square feet at the Centerpoint Intermodal Center development in Kansas City, Missouri, finalizing leasing for the project.
CRE N Illinois Winners announced at the 2019 NAIOP Chicago Awards for Excellence On November 14th, NAIOP Chicago hosted the the 2019 Awards for Excellence at Navy Pier’s Grand Ballroom. The event, which drew nearly 1,000 industry leaders, recognized professionals, organizations and projects across numerous categories.
Office N Illinois Huron renews 134,000-SF HQ lease in West Loop Colliers International’s David Burden and Michael Marrion represented global professional services firm Huron in its 134,000-square-foot headquarters lease restructure and renewal at Union Tower located at 550 W. Van Buren Street in Chicago.
Industrial W Minnesota United Properties developing 309,000-square-foot distribution center United Properties is developing the Canterbury Distribution Center in Shakopee, Minnesota. The 302,650-square-foot building, at 3200 Fourth Ave. E., will be moving forward as a speculative industrial product.
Industrial c Nebraska Lund Company industrial pro earns CCIM designation Denny Sciscoe, director of industrial services for Cushman & Wakefield/The Lund Company in Omaha, Nebraska, recently received the Certified Commercial Investment Member designation from CCIM Institute. Sciscoe was awarded his designation during the organization’s global conference in San Diego on Oct. 11-16.
CRE i Ohio Cincinnati office of Colliers adds director of marketing Amy Schenk has joined Colliers International|Greater Cincinnati as director of marketing and public relations. Schenk brings 10 years of experience in commercial real estate to her position.
Multifamily N Illinois Fulton Market loft apartments sell for $40 million Cushman & Wakefield’s Midwest multifamily advisory group has brokered the $40,150,000 sale of 13thirteen Randolph Street Lofts, a 74-unit mixed-use property at the southwest corner of Randolph and Elizabeth streets in the West Loop’s Fulton Market District. The per-unit price is one of the highest paid so far this year in Fulton Market, acc…
CRE N Illinois Stream Chicago taps Adam Showalter for new managing director role Stream Realty Partners, a full-service national real estate investment, development and services company, announced the hiring of Adam Showalter as managing director within Stream’s Chicago office.
CRE X Missouri Cushman & Wakefield St. Louis office names managing principal Kelly Diehl, a leading commercial real estate executive in the St. Louis market, has joined Cushman & Wakefield as managing principal of the company’s St. Louis office.
Industrial N Illinois Activity and demand hold steady at O’Hare Through the third quarter of 2019, robust demand has continued to drive activity in Chicago’s overall industrial market. In the O’Hare area, the need for logistical, flex, as well as manufacturing space is keeping the submarket active.
CRE N Illinois Mixed-use project planned as gateway to Fulton Market breaks ground in Chicago Global real estate leaders and joint venture partners Thor Equities and QuadReal, together with leading real estate services firm, Cushman & Wakefield, and global design firm Skidmore, Owings & Merrill (SOM), introduced the city to 800 W Fulton on Tuesday, with an official groundbreaking ceremony. The project was dedicated by Chicago Alderm…
CRE Midwest Cresa adds former JLL, Cushman leader, Tod Lickerman, to board of directors Cresa has appointed Tod Lickerman to its board of directors. Lickerman previously served as global president and Americas CEO at Cushman & Wakefield and will help Cresa’s executive leadership on their ambitious growth strategy, which in the last three years has resulted in the integration of 20 independently owned companies, in addition to …
Industrial Midwest Cushman & Wakefield: Industrial market setting all kinds of records The U.S. industrial market is on pace to absorb more than 200 million square feet of space for the sixth consecutive year, according to the latest research from Cushman & Wakefield.
CRE V Michigan Three questions with ... Cushman & Wakefield's Tony Avendt Tony Avendt is senior director with the Detroit office of Cushman & Wakefield who specializes in industrial real estate. Midwest Real Estate News asked Avendt three key questions about the state of the Detroit commercial real estate market.
CRE N Illinois Cushman & Wakefield adds to Chicago capital markets platform Cushman & Wakefield bolstered its capital markets team in Chicago with the additions of Jeff Altenau as executive managing director and Zach Yarnoff as managing director. Both come to Cushman & Wakefield from Eastdil Secured, where they worked on notable transactions including Willis Tower, River Point, 150 North Riverside, Easton Town Cent…