Industrial N Illinois Build-to-suit industrial reaches new peak for the cycle Build-to-suit projects accounted for 4.6 million square feet of new industrial construction in the Chicago metro this past quarter. That figure is a record high for the cycle and just one of numerous impressive benchmarks that the sector hit.
Multifamily N Illinois Motif on Belden, a 100-unit TOD, to open in Logan Square next year Inland National Development Company, LLC (INDC) is developing a 100-unit, transit-oriented, multifamily community in Chicago’s Logan Square neighborhood. Located approximately 6.5 miles from downtown at 2845 W. Belden Avenue, the project is on target to be completed by the first quarter of 2020.
Multifamily i Ohio Nationwide beginning third phase of Parks Edge development in Columbus Nationwide Realty Investors announced that development is planned to begin early next year on the third and final phase of Parks Edge, a luxury condominium development within the Arena District in Columbus, Ohio.
Industrial N Illinois Industrial sentiment stays strong as we sail into 2020 There are strong headwinds that may turn the bull real estate market bear, such as a decelerating economy and a simmering trade war. But a new sentiment survey suggests that the industrial sector is riding a separate current that should propel it beyond any slowdown in the overall market.
Industrial N Illinois Chicago's transportation and logistics space still a national leader For the 180+ attendees at last Friday’s annual Transportation and Logistics Conference, there was a lot of information to take in on the most dynamic sector in one of the most active markets. The speakers at the conference—the 16th one hosted by Chicago Industrial Properties—covered a lot of ground during the morning event.
Retail v Wisconsin Next Realty makes fifth Milwaukee-area acquisition An affiliate of Next Realty, LLC has acquired Hillside Terrace Shopping Center, a 17,000-square-foot neighborhood shopping center at 2728 – 2744 Hillside Drive in Delafield, Wisconsin.
Multifamily N Illinois Interra Realty brokers sale of multifamily property in West Suburban Chicago Interra Realty brokered the sale of 1917-23 S. Grove Avenue, a four-story, 34-unit building in Berwyn, Illinois, a western suburb of Chicago. Interra managing partner, Pat Kennelly, and director, Paul Waterloo, represented both the seller, Riverside-based Property Rental Inc., and the buyer, BAM 1917 Grove LLC, which plans to undertake a $1…
Industrial N Illinois Amid shifting winds, industrial stands strong in core markets The economic shores are starting to get frothy, with incoming waves like Chinese tariffs and a downturn market threatening to crash on the beach. Despite this, the 2020 outlook for U.S. industrial real estate remains positive as low vacancy rates and rising rents offer a calming breeze.
Multifamily N Illinois Interra Realty adds two associate brokers Interra Realty, a Chicago-based commercial real estate investment services firm, expanded its brokerage team with two new associate brokers, Michael Duckler and Mark Dykstra.
Industrial N Illinois Data center legislation, development create positive outlook in Chicago Driven by demand from both enterprise and hyperscale cloud providers, the supply pipeline for wholesale data centers continues to edge up around the country. The Chicago market wasn’t quite as active as other top markets, but that could turn around soon.
CRE N Illinois CRE Future Leaders: Harrison Cohen In February 2018, Harrison Cohen joined Triton Realty Group as a commercial investment advisor specializing in the sale of multifamily and mixed-use properties in the Chicagoland area. Cohen has been a licensed attorney for five years and hit the ground running at Triton, closing his first sale three months into the business. Since joining …
CRE N Illinois Proper property management: The fine art of listening to your tenants When looking for cost-effective ways to add value to a property, there are three things to focus on. For maximum results, the key changes are those that can help you reduce operating costs, enhance the image of the property and communicate with tenants.
Multifamily Midwest Nothing set to derail Midwest apartment market in near future For much of the past decade, the apartment market, both in the Midwest and across the United States, has enjoyed an outstanding run. Vacancy rates have dipped to almost microscopic levels at times, and rents have shown impressive growth.
CRE N Illinois CRE Future Leaders: Troy Beebe Troy Beebe joined Essex Realty Group in 2016 where, as a director, he focuses on multifamily and mixed-use asset sales throughout suburban Chicago. He has an entrepreneurial spirit and has started numerous businesses ranging from information technology to self-storage and moving.
CRE N Illinois CRE Future Leaders: Patrick Russo Patrick Russo was recently named a managing director at Stream Realty Partners, where he leads the strategic direction and operations of the Chicago office. His primary responsibilities include expanding Stream’s acquisition, development, leasing and property management platforms and building Stream’s presence in the greater Chicago market.
Multifamily N Illinois There’s still fuel in the tank for Chicago’s luxury apartment sector Numerous deconversions, rehabilitations and ground-up developments have brought an unprecedented number of luxury units to market in Chicago. There is a finite supply of people able and willing to pay such high rents, so are we close to depleting those reserves?
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.
Multifamily N Illinois Sterling Bay partners with Skender to bring modular affordable housing projects to Chicago’s West Side Sterling Bay will build an 83-unit apartment building and 10 three-flats on Chicago’s West Side, all offering affordable housing units, with another 100 or more affordable housing projects to follow all around the city. The developer announced their plans to partner with Skender, using their modular construction approach, just as that compa…
CRE N Illinois Ari Glass to step down as president of ZRG; Chris Baker to move up Ari Glass, president of Zeller Realty Corporation and co-managing director of Zeller Realty Group (ZRG) will depart the firm, according to ZRG chairman and CEO Paul Zeller. Chris Baker, currently head of asset management for the firm, is replacing Glass as president.
Industrial N Illinois Industrial Outdoor Ventures doubles in size with new hires Schaumburg, Illinois-based Industrial Outdoor Ventures (IOV), a real estate investment company focused exclusively on the acquisition, development and redevelopment of industrial services facilities, has hired five new staff members: Anthony DeLaurentis, James Georgalas, Eric Johnson, Ray Michaelsen and Tina Torossian.