Industrial N Illinois The big box market sees big deliveries and big vacancies, and yet absorption is positive The demand is still there for modern big box industrial properties. However, completions last quarter have added huge amounts of space to the Chicago market, driving vacancy rates up.
Multifamily N Illinois Waterton completes $15 million renovation of Angelo Gordon's River North Park Waterton has completed the $15 million renovation of River North Park, a 400-unit, 24-story apartment tower located at 320 W. Illinois Street in Chicago’s River North neighborhood. Waterton is the operator, design and construction manager and minority equity partner of the asset, which is majority-owned by alternative investment firm, Angel…
Industrial X Missouri Bigger is better: Large spaces propel St. Louis industrial market St. Louis’ industrial market is getting bigger, both in the number of buildings and the sheer size of these facilities.
Office N Illinois Colliers International wins property management assignment at 200 S. Michigan Los Angeles-based Stanton Road Capital (SRC), new owner of 200 S. Michigan Avenue, has awarded Colliers International Chicago the property management and engineering assignments for the Class A office property. Colliers will also provide construction management oversight on select capital projects.
Finance W Minnesota Dougherty closes $34 million loan for Minneapolis apartment development Dougherty Mortgage recently closed a $34.2 million HUD 221(d)(4) loan for the new construction of Bassett Creek Apartments, a 139-unit market rate multifamily apartment property in Minneapolis.
Multifamily Midwest The sector with the strongest outlook? It's not industrial Which commercial sector is the strongest? Across the Midwest and the United States, it’s long been a battle between industrial and multifamily. A new report, though, suggests that rising demand and slowing construction will provide an additional boost to the multifamily sector starting in 2020. And that small boost could mean a future that’…
Industrial O Indiana GDI building 1-million-square-foot spec warehouse property in Indiana GDI Companies has closed on the sale of 80 acres of ground in Hendricks County, Indiana, to Core5 Industrial Partners and is beginning construction on a 1.07-million-square-foot speculative warehouse building.
Office W Minnesota Renovations, modernizations powering Minneapolis office market Steady. That’s the word Tom Tracy, executive director with the Minneapolis office of Cushman & Wakefield, uses to describe the office sector in his city.
CRE N Illinois Chicago Housing Authority CEO, Eugene Jones, resigns Eugene Jones, the CEO of the Chicago Housing Authority, today announced that he has submitted his resignation to Chicago Mayor Lori Lightfoot. The departure is effective September 27, 2019.
CRE N Illinois David Reifman joins real estate arm of Clayco Former City of Chicago Planning and Development Commissioner, David Reifman, will join Clayco’s real estate development and investment firm as partner and senior vice president for strategic development initiatives. Reifman will lead key aspects of CRG’s national development activities, help expand Clayco’s design and construction businesse…
CRE N Illinois W.E. O'Neil hires Damian Eallonardo as senior vice president of operations W.E. O’Neil has hired Damian Eallonardo as its senior vice president of operations. Eallonardo joins the company with extensive experience leading several large Chicago construction firms, overseeing more than $1 billion in construction over the course of his career, implementing strategic initiatives and delivering on long-term growth goals.
Multifamily V Michigan CBRE closes sale of 33 acres near Grand Rapids CBRE recently represented Granger Group in the sale of 33.4 acres at 5650 Wilson Ave. SW in Wyoming, Michigan. The sale represents the first of two multifamily phases within the Reserve Development Opportunity, a 150-acre community master-planned by Granger Group.
Office N Illinois Morgan / Harbour begins HQ expansion in Oak Brook for Hub Group Morgan / Harbour Construction has broken ground on a new, 135,000-square-foot, four-story office build-to-suit for Hub Group. The new building, located on Clearwater Drive in Oak Brook, Illinois, is the second phase of construction for the supply chain solutions provider’s headquarters. Solomon Cordwell Buenz is providing the architectural …
Office Q Kentucky Meditation gardens and dog runs: Office amenities matter Does your office have a Zen garden? How about an onsite health clinic? If you work in the center of Louisville, you might already be enjoying these perks.
Multifamily N Illinois Avanath pays $55 million for affordable housing portfolio Avanath Capital Management, a private real estate investment manager and Registered Investment Adviser, has purchased three affordable housing communities with a combined 317 units in Chicago and Maryland. The assets, which bring the company’s total holdings in Chicago to 1,063 units, were acquired for a total of $55.05 million.
Office N Illinois Doing WELL at 500 feet In June 2019, 151 North Franklin became the nation’s first WELL-certified Core & Shell v1 Gold high-rise. Unlike LEED which focuses on reducing a building’s environmental footprint, WELL takes a hard look at improving occupant health and wellness with continued, verified performance. As stewards of their indoor and outdoor environment, 151 …
Office N Illinois Chicago public radio station gets new digs at Navy Pier Serving as general contractor, Skender recently completed interior construction of a 37,000-square-foot renovation project at the headquarters for WBEZ, an affiliate of nonprofit media organization, Chicago Public Media. Charlie Greene Studio and ConopCo Project Management collaborated with Skender on the project.
Multifamily i Ohio Pizzuti continues work on Residences at the Sutton in Columbus The Pizzuti Companies is continuing construction at The Residences at The Sutton, the firm’s latest multi-family development project in the Short North district of Columbus, Ohio.
CRE N Illinois J.C. Anderson completes amenity space renovation at Aon Center J.C. Anderson has completed a 29,000-square-foot renovation project at the Aon Center, 200 E. Randolph Street, Chicago. Known as “Cloud Level,” the space is now the highest fitness center and amenities space in the city. The new, modern space is accented by custom wood finishes and imported stone tops, intricate ceilings accompanied by fash…
CRE X Missouri St. Louis' Wiegmann Associates bolsters staff Tyler Westerfeld of has joined St. Louis-based Wiegmann Associates as a project engineer. Westerfeld is responsible for designing and engineering the heating, cooling and ventilation systems for various Wiegmann Associates projects.