160 results for “O’Hare submarket”
Industrial N Illinois

Chicago industrial market grows in Colliers Q1 2018 report

| Matt Baker

Key submarkets in the Chicago industrial market continue to surge ahead. According to Colliers International’s research, the Chicago metro area as a whole had new leases and lease expansions of 6.9 million square of during the first quarter of 2018. The 4.5 million square feet of total net absorption is the strongest first quarter tally since 2016.

Industrial N Illinois

Q&A with CenterPoint Properties' Brian McKiernan

| Matt Baker

Brian McKiernan has been with CenterPoint Properties since October 2006, where he coordinates, communicates and integrates development teams to maximize transaction volumes and land absorption. CenterPoint’s focused national strategy aids McKiernan, a senior vice president with the firm, in identifying and leveraging supply chain cost savin…

Industrial N Illinois

Which way to the capital?

| Matt Baker

Though it remains the hottest asset type, obtaining financing for an industrial venture still comes down to the basic fundamentals of each specific project, including location, the credit quality of tenants, building essentials and the ability to re-tenant a space.

Industrial N Illinois

Ridge acquires 10.5 acres near O'Hare for spec industrial project

Ridge, the industrial development arm of Transwestern Development Co., has acquired 10.5 acres immediately southeast of O’Hare International Airport for a 178,516-square-foot speculative industrial project. As one of the newest offerings in the O’Hare submarket, O’Hare Gateway Logistics Center will feature 32-foot clear height, low Cook Cou…

CRE N Illinois

GlenStar acquires 10 acres in O’Hare submarket

GlenStar Properties has acquired 10 acres of land located on the north side of the Kennedy Expressway at the Cumberland Ave. interchange in Chicago from Chesapeake Hotel Limited Partnership and Host Hotels & Resorts, L.P. Sale price was not disclosed.

Office N Illinois

Chicago metro office market may be slowing down

| Matt Baker

We are all acquainted with the caveat that past performance is no guarantee of future results. According to new research by Newmark Knight Frank, the Chicago office market may be poised for sluggishness, despite some positive indicators during the fourth quarter of 2017.

Industrial N Illinois

New infrastructure to open O’Hare submarket

| Sara Freund

The O’Hare market is known for being tight and expensive, but NAI Hiffman’s Brian Colson said that he expects this to change in the coming year thanks to a new project by the Illinois Tollway. That project has the goal of making infrastructure more efficient, and could have a significant impact on the O’Hare submarket.

Industrial N Illinois

Broker’s territory: A thing of the past?

| Cory Kay and Mike Deserto

It is no secret that over the past four years, Chicago’s industrial real estate market has seen an increase in demand and activity, specifically in the metro Chicago markets centralized around its heartbeat, the O’Hare submarket. Chicago’s most desired submarket has been at a stalemate 4 percent to 4.5 percent vacancy for the last couple of…

Industrial N Illinois

The industrial balance: Follow historical trends or look to the future

| Staff Writer

Industrial businesses have been expanding steadily in recent years, fueled by growth in e-commerce, light manufacturing and related industries. As industrial property owners/tenants evaluate their space needs and debate whether to expand, decisions should be based on a balance between looking at historical trends and being forward thinking.…

Industrial N Illinois

Staying Full: Tenant advocates help users and keep markets strong

| David Liebman

Last year was a banner year for Chicago industrial real estate properties, and the trend is continuing this year. Ecommerce companies are zeroing in on central locations to help them reach large portions of the U.S. population in ever-shorter delivery periods. Developers are keeping new construction at measured and smart levels. The end res…