More than 200 results for “first logistics”
Industrial N Illinois

CA Industrial appoints CRE veteran Michael Podboy as president

Chicago-based CA Industrial, the industrial investment and development division of CA Ventures, has appointed Michael Podboy, a veteran of the commercial real estate industry who has overseen more than $750 million in development, as president for the division. Podboy will build on the success of CA Industrial, launched in July 2018 with a …

Industrial N Illinois

The last word on last mile

| Matt Baker

Ever since the e-commerce revolution, the real estate industry has grappled with the concept of the last mile—where it is, how to build it up and how to capitalize on it. Perhaps unsurprisingly, the answers to these remain elusive.

CRE N Illinois

Autonomous cars on a crash course with the real estate industry

| Michael Zaransky

You stroll out of your house in the countryside, hop into the self-driving car you ordered and settle in with your coffee and your laptop, not worrying about the fact that it will take you an hour or more to get to work. Though it sounds futuristic, this scenario could become a reality within the next decade.

Industrial N Illinois

Chicago industrial snapshot: The I-80 corridor

| Matt Baker

Chicago’s I-80 corridor absorbed 1.5 million square feet net during the first half of 2019. However, the vast majority of that—1.3 million square feet—was recorded during the first quarter of the year with only one industrial lease signed in the second quarter.

CRE N Illinois

For the first half of 2019, cap rates remained stable

| Matt Baker

Thanks to moderate growth, low inflation and falling long-term interest rates, cap rates for commercial real estate assets held steady in the first half of 2019. In Chicago, two sectors have a favorable outlook as they came in below the national average.

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.

Office N Illinois

McShane delivers new O'Hare office property for Glenstar

McShane Construction Company has completed construction of Glenstar O’Hare, a new-build office property on behalf of developer GlenStar Properties. The 150,000-square-foot building was constructed on a 3.5-acre greenfield site at the intersection of the Kennedy Expressway and Cumberland Avenue near Chicago’s O’Hare International Airport.

Industrial Q Kentucky

MK Asset closes big deal in Louisville

MK Asset Brokerage, a Chicago-based commercial real estate investment, brokerage and advisory firm, has completed transactions totaling about 500,000 square feet in Riverside, California, and Louisville, Kentucky. The value of the transactions exceeded $25 million in aggregate lease expense.

Office N Illinois

Hub Group to double office space in suburban Oak Brook

Freight transportation management firm Hub Group plans to build a new office property adjacent to their existing corporate headquarters in Oak Brook, Illinois. The additional structure will double the company’s footprint from the existing 135,000 square feet of space they now occupy at 2000 Clearwater Drive.

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…