113 results for “ProLogis”
Industrial N Illinois

Prologis to acquire Industrial Property Trust in $4B deal

Logistics real estate giant Prologis, Inc. has signed a definitive merger agreement to acquire Industrial Property Trust Inc. (IPT). Prologis will acquire IPT's wholly owned real estate assets for approximately $3.99 billion in a cash transaction, including the assumption and repayment of debt. The transaction is expected to close by the fi…

Industrial N Illinois

Prologis launches community workforce initiative in Chicago

Prologis, Inc. has partnered with the Quad County Urban League on its “Propel by Prologis” job-readiness program. This collaboration is part of the Prologis Community Workforce Initiative (CWI) and the company’s commitment to expand work-based learning opportunities for those interested in careers in logistics, distribution and transportation.

CRE N Illinois

CRE Future Leaders: Cal Payne

| Matt Baker

A member of CBRE’s agency and occupier brokerage groups, Cal Payne advises clients in the leasing, acquisition and disposition of industrial facilities throughout North America. Since 2012, he and his team have completed over 300 transactions totaling more than 24 million square feet and valued at over $850 million.

CRE N Illinois

Lee & Associates of Illinois welcomes Brent De Noble

Lee & Associates of Illinois recently hired long-time real estate veteran, Brent De Noble, who will serve as a senior vice president out of the firm’s Rosemont, Illinois office. He specializes in the disposition, acquisition and leasing of industrial properties, office buildings and land.

Industrial N Illinois

No end in sight for speculative industrial

| Matt Baker

From this time last year until now, unemployment in Chicago is down and the number of construction jobs are up. The market downturn that many fear hasn’t yet reared its head. All of which means the historic run of speculative development in Chicago continues apace.

Industrial N Illinois

Northern segment of Chicago MSA sees variegated industrial activity

| Matt Baker

For the second quarter in a row, leasing velocity increased in Chicago’s overall industrial market, totaling 10.1 million square feet during the third quarter of 2018. According to a Research & Forecast Report by Colliers International, the northern submarkets had varying changes to absorption and vacancy, though mostly improved.

Industrial N Illinois

Brennan Investment expands Midwest leasing team

Brennan Investment Group announced two new hires—Scott Gibbel, vice president, and Fordy Gates, senior associate—as well as the promotion of Sarah Brennan from her role as director of marketing to leasing associate. They will oversee Brennan’s leasing efforts for the Midwest.

CRE N Illinois

Optimizing buildings for property, facility and asset managers

| Matt Baker

On August 16, 2018, REjournals hosted the Asset, Property, Facility Management conference. Held at the Drake Hotel in Oak Brook, Illinois, the 14th annual event attracted approximately 150 industry professionals to hear experts discuss the trends and best practices for asset management.

Industrial N Illinois

Some improvement in the I-55 Corridor

| Matt Baker

The Chicago metro industrial market remained strong last quarter. The 8.6 million square feet of new leasing activity during Q2 is the highest quarterly total since 2015 and the plummeting vacancy rate, which was down by an 23 basis points to 6.4 percent, is the lowest rate recorded since 2001.