Industrial O Indiana Avison Young brokers 353,000-square-foot industrial building in Indiana Avison Young has negotiated the sale of a 353,000-square-foot industrial facility at 7901 W. 21st St. in Indianapolis. The property is fully leased to Venture Logistics, LLC and Iron Mountain Inc.
CRE N Illinois Why walk when you can just teleport? How to get your building 5G-ready. Cellular service is often dubbed the “fourth utility.” Alongside running water, gas and electricity, cellular service is an assumed provision in major cities everywhere.
CRE N Illinois Chicago's Wolff Landscape Architecture to join Confluence Confluence, a Des Moines, Iowa-based landscape architecture, urban design and planning firm, has expanded into the Chicago market as Wolff Landscape Architecture will become the newest Confluence office. Craig Soncrant and Matt Strange will lead the Confluence Chicago office as principals. Founder Ted Wolff will provide continuity and remai…
Office N Illinois Chicago's "Big Red" nabs $370 million buyer The John Buck Company (JBC) has reportedly found a buyer for 333 S. Wabash Avenue—the former CNA global headquarters that the developer purchased in 2016 for $108 million. This new transaction will prove to be quite the windfall for JBC, as a group of East Coast investors will acquire the Chicago Loop asset for $370 million.
CRE O Indiana Indianapolis' Schmidt Associates grows with addition of Louisville firm Schmidt Associates, an Indianapolis-based architecture and engineering firm, has welcomed the team at Arrasmith in Louisville, Kentucky, into the firm.
Industrial N Illinois Spec please! Users flock to speculative space to close out 2019 Of the speculative industrial space developed in the Chicago market during this cycle, more than 70 percent of it is now leased. And this figure only continues to rise, suggesting that supply is not yet outpacing demand.
CRE X Missouri CRG's McKee: Expect another solid CRE year for St. Louis in 2020 As principal and chief development officer with St. Louis’ CRG, Chris McKee has led teams that have developed more than 5,000 acres of land and delivered more than 160 million square feet of assets totaling more than $9 billion in value.
Healthcare L Iowa Darland completes construction of health clinic in Iowa Darland has completed construction on the CHI Health Valley View Clinic in Council Bluffs, Iowa. The 38,844-square-foot clinic features 56 exam rooms focusing on primary care with specialties including radiology, ultrasound, pharmacy, behavioral health and physical therapy.
CRE O Indiana Krieg DeVault's Adams: Plenty of good happening in Indy ... and its suburbs David Adams knows the Indianapolis market. He’s a partner with the Real Estate and Environmental and Commercial Real Estate Lending practice groups at the Indianapolis office of law firm Krieg DeVault. In this role, he represents banks, lending institutions, developers, landlords and tenants.
Multifamily W Minnesota Twin Cities apartment development on a tear It’s probably safe to say the Twin Cities apartment market has blown past expectations.
CRE N Illinois Matanky Realty Group hires David Flores as VP, director of property management David E. Flores has joined Matanky Realty Group as vice president, director of property management. Flores comes to Matanky with a deep background in construction and property management, having worked on projects of varying size, type, budget and location.
Finance N Illinois JLL arranges $57 million loan for extended-stay hotel in Chicago JLL Capital Markets arranged a $57.58 million refinancing for Home2Suites by Hilton Chicago River North, a newly constructed, 206-suite, extended-stay hotel in Chicago’s downtown River North neighborhood. JLL worked on behalf of the borrower, Akara Partners, to place the floating-rate loan with a global investment management firm.
Multifamily N Illinois Horvath & Tremblay sells Crestline Villa Apartments in Alsip for $12 million Andrew O’Connell and Anthony Spangler of Horvath & Tremblay completed the sale of Crestline Villa Apartments in Alsip, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $12,240,000.
Retail N Illinois Summit completes remodel of Old Town mainstay, The Fireplace Inn General contractor Summit Design + Build, LLC recently completed the interior and exterior renovation of the Fireplace Inn, a restaurant and bar in Chicago’s Old Town neighborhood. The renovation was the first since 2010 and added new spaces for dining and entertaining.
CRE W Minnesota Minnesota's Vieau Associates acquired by GZA GZA GeoEnvironmental, Inc., a multi-disciplinary firm providing geotechnical, environmental, ecological, water and construction management services, acquired Edina, Minnesota-based Vieau Associates Inc., strengthening GZA’s position as a provider of environmental services throughout the Midwest and nationally.
Multifamily N Illinois Artists move into new Pullman Artspace Lofts The Pullman Artspace Lofts, an innovative live/work space designed for artists, welcomed its first residents at the start of 2020. The first new residential development in Chicago’s Pullman neighborhood in about 50 years features the historic restoration of two apartment buildings which bookend a newly constructed residence.
Industrial i Ohio CT Realty buys 382 acres of industrial land in Columbus CT Realty has expanded its nationwide logistics portfolio with the purchase of 382 acres of industrial land in Columbus, Ohio, for the development of 5.7 million square feet of large-scale warehouse and distribution space.
Industrial N Illinois Three food-related tenants commit to Heart of Chicago industrial building Lee & Associates negotiated three lease transactions totaling 70,814 square feet at 2420 S. Wood Street in Chicago. The newly constructed 156,000-square-foot building is located adjacent to the Chicago International Produce Market in the city’s Heart of Chicago neighborhood. All three tenants have ties to the food industry.
CRE X Missouri Poettker Construction earns record-breaking revenue in 2019 Poettker Construction Company, a construction firm in the St. Louis-area market, has much to celebrate heading into the new decade. The second-generation family-owned construction company surpassed 2019 projections and increased its revenue by a record-breaking 30 percent over the prior year.
Industrial N Illinois Elk Grove Technology Park lands 15 MW data center T5 Data Centers, a provider of mission-critical development, facilities management and construction services, announced the purchase of a 164,000-square-foot data center shell in Brennan Investment Group’s Elk Grove Technology Park in Elk Grove Village, Illinois. The facility will provide 103,000 square feet of white space and 15.4 critical…