CRE N Illinois On the Corner: North & Clark As a very young child, I remember going to the Plaza Hotel on the corner of Clark and North because my dad’s office was there. In fact, when my parents were first married in 1948, they lived in the hotel because my grandfather—my mom’s dad—owned the building. Eventually, my dad operated it for the family.
Multifamily W Minnesota JLL closes $11 million apartment sale in Minnesota JLL has closed the $11.25 million sale and $14.4 million financing of Eastridge Estates, a 126-unit apartment community in Rochester, Minnesota.
CRE N Illinois David Carlins appointed CEO of Magellan Development following new investor parnership David J. Carlins has been appointed CEO of Magellan Development Group. Following the completion of a capital investment and venture partnership with Winter Properties and BLG Capital Advisors, Magellan co-founders Jim Loewenberg and Joel Carlins will apply their three decades’ experience to advisory roles as chairmen emeritus.
CRE N Illinois Hoerr Schaudt Landscape Architects elevates five to partner Hoerr Schaudt Landscape Architects has promoted five members of its Chicago team to partner. The individuals are Carroll Conway, John Evans, LEED AP, Nicholas Fobes, PLA, LEED AP, Rob Gray, PLA, LEED AP, and Simon Prunty.
CRE N Illinois Site work commences at former McDonald’s Plaza site in Oak Brook W.E. O’Neil has broken ground on the site work at the former McDonald’s Plaza in Oak Brook, Illinois. This initial phase includes improvements to the 17.5-acre site in preparation for a large, mixed-use development with apartments, a hotel, restaurants, office and retail space. Developer Hines acquired the property in July 2018.
Industrial X Missouri Panattoni developing 640,000 square feet of industrial near St. Louis Panattoni Development has announced two new industrial buildings for Hazelwood’s Aviator Business Park on the site of a former Ford plant in Hazelwood, Missouri, part of the St. Louis market.
CRE Midwest Bellwether CRE pros: Expect plenty of deals, construction in 2020 Commercial real estate activity remains strong throughout Northeast Ohio and in the Cleveland market. How strong? Midwest Real Estate News spoke with Jeff Musser and Taylor Hawkins, senior vice presidents in the Cleveland office of Bellwether Enterprise, about the strength of the commercial real estate market in this part of the state. Thes…
CRE N Illinois CRE Future Leaders: Josh Graham Josh Graham, CPA, is a senior manager in the Chicago office of Wipfli. He works in the firm’s construction and real estate and private equity practices, with a specific focus on Qualified Opportunity Zones.
Industrial W Minnesota CBRE sells 140,000-square-foot tech center in Minneapolis CBRE recently represented Ellington Management Group in the sale of Hennepin Business Center, a 140,063-square-foot industrial tech building in Minneapolis, to HBC Acquisitions LLC, a joint-venture between Hyde Development and Mortenson Properties Inc.
Industrial N Illinois Krusinski Construction completes 86 Food Service facility in Chicago Krusinski Construction Company recently completed 86 Food Service’s new location at 1400 W. 43rd Street in Chicago. The wholesale food distributor has occupied 90,000 square feet within an existing 167,000-square-foot speculative warehouse previously built by Krusinski Construction.
Industrial N Illinois Brown Commercial negotiates 50,600-SF industrial lease in Chicago suburbs Brown Commercial Group senior broker, Jim Pietrarosso, represented Winslyn Industries in a 50,651-square-foot industrial lease in Chicago’s western suburbs. The tenant, a leading wholesaler of kitchen and bathroom products, is expanding from a 32,000-square-foot facility in Bartlett, Illinois to 1850 Fabyan Parkway in Batavia, Illinois.
Office O Indiana MAG Capital Partners buys 51,000-square-foot office building in Indiana Fort Worth, Texas-based MAG Capital Partners, LLC has acquired 3900 E. White Ave., with more than 82 acres of land, in Clinton, Indiana, through a sale-leaseback transaction.
Industrial N Illinois Cushman & Wakefield reps landlord in First Logistics' expansion at Marina Crossings in Chicago Cushman & Wakefield represented landlord Marina Crossings Owner, LLC—a joint venture between MAT Limited Partnership and institutional investors advised by J.P. Morgan Asset Management—in the recent 108,343-square-foot expansion by First Logistics at Marina Crossings, 2075 W. 43rd Street, Chicago.
Healthcare Midwest The diagnosis: Medical office market healthier than ever across Midwest The medical office market remains a hot one throughout the Midwest, with several major cities seeing demand for this space soar. And according to the latest research from CBRE, this trend doesn’t look to be ending soon.
Office N Illinois Construction begins on AbelsonTaylor’s new Old Post Office headquarters Skender recently started interior construction of the 85,000-square-foot headquarters for AbelsonTaylor, a Chicago-based health and wellness advertising agency and the fourth office tenant to lease space in the 2.8-million-square-foot Old Post Office building.
Healthcare O Indiana Quantum closes $7.7 million medical office building sale in Indiana Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant medical office building at 1310 Lebanon St. in Lebanon, Indiana. The property sold for $7.7 million and was subject to a long-term lease with American Health Network.
CRE N Illinois Skender named Modular Builder of the Year Skender, a Chicago-based vertically integrated design, construction and manufacturing firm, has been named America’s “Modular Builder of the Year” by Construction Dive. Leveraging Lean expertise, Skender opened its 105,000-square-foot advanced manufacturing facility in Chicago in May 2019 where construct turnkey, steel modular, scalable sol…
CRE N Illinois Graycor Construction hires John Bunce as new construction manager John Bunce has joined Graycor Construction Company as a construction manager. Bunce brings more than 34 years of design-build industry experience to the Oakbrook Terrace, Illinois-based firm. In his role, he will focus on supporting Graycor’s continued growth in the national industrial buildings market.
Office N Illinois Sterling Bay's 333 N. Green in Fulton Market lands freight startup Flexport Flexport, a San Francisco-based, technology-focused freight forwarding firm, has signed a 40,000-square-foot lease at Gr333n, Sterling Bay’s under-construction office building in Chicago’s Fulton Market. The space should accommodate a doubling of the company’s Chicago employee base to 300.
CRE X Missouri Tarlton wraps renovations to St. Louis Omnimax Theater Tarlton Corp. general contractors and construction managers completed renovations to the Saint Louis Science Center’s OMNIMAX® Theater in time for holiday guests. The theater reopened to the public Nov. 29.