31 results for “ct”
Industrial N Illinois

Flat no more: Demand picks up in the I-55 corridor

| Matt Baker

Throughout 2017 and 2018, industrial activity in the I-55 corridor was relatively flat. The situation is much different so far this year, with nearly 2 million square feet of absorption in the submarket last quarter alone—the greatest quarterly demand in more than three years.

Industrial N Illinois

As Chicago industrial expands, investors target familiar areas

| Matt Baker

The Chicago logistics industry remains on stable footing as steadily growing wages and accelerating household formation are driving demand for more e-commerce-driven warehouse space. And according to Marcus & Millichap’s second half 2018 industrial research market report, developers looking to expand Chicago’s 1 billion-plus square-foot inv…

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.

CRE N Illinois

Continued growth and key personnel changes for Midwest Industrial Funds

Midwest Industrial Funds (MIF) announced the promotion of Jack Horrigan to director of finance and the transition of Pat Schaner to director of development as the firm continues to grow their platform. Horrigan joined the firm in 2017 and worked in tandem with Schaner for the last several months on financings, acquisitions, dispositions as …

Industrial N Illinois

A closer look at the I-55 Corridor

| Matt Baker

Chicago’s economic climate continued to trend upward throughout the first quarter of 2018, with unemployment down to 5.4 percent year-over-year, a 60-basis-points-drop. With this, the local commercial real estate engine continues to hum. And according to an Avison Young report, the I-55 Corridor is seeing a lot of that activity.

Industrial N Illinois

CT begins development on $125M logistics park

Newport Beach, CA-based CT has begun development on a two-building, 1.34 million-square-foot logistics project in the Chicago suburb of Romeoville, IL. The $125 million development, Interchange 55 Logistics Park, is slated for a year-end completion. CT acquired the underlying 112-acre parcel back in December, represented by Adam Roth, Dan L…