CRE N Illinois Clune Construction promotes 11 in Chicago In keeping with its culture of promoting from within, Clune Construction has promoted 11 of its talented professionals in its Chicago office to executive-level positions: John Amos, Jim Bardoczi, Craig Erdenberger, Chris Franz, Andrew Hoppe, Steve Green, Rachel Munkvold, Dino Pastore, Mary Shea, Jeremy Stanek and Luke Unverzagt.
Industrial N Illinois The robot uprising: Warehouses to intensify automation efforts Staying competitive in the on-demand economy is difficult enough, and labor shortages only exacerbate this pressure. As e-commerce companies look for the next edge, most are eager to install more automated processes into their warehouses in the next five years—even if they are unsure of how to go about that.
CRE V Michigan Bradley Company closes million-dollar sale in Grand Rapids Bradley Company closed on a commercial condominium transaction at 60 Monroe Center in Grand Rapids, Michigan, that was valued at more than $1 million.
Office N Illinois Abbot Labs credit union moves into new Gurnee headquarters The Abbott Laboratories Employees Credit Union, ALEC, has moved its corporate headquarters and accompanying branch into a newly constructed and innovative building less than a mile from its old home. The three-story building is at 325 Tri-State Parkway, Gurnee, Illinois, just west of its former headquarters.
Multifamily Midwest Enterprise Community Development names president Brian McLaughlin has been named president and chief executive officer of Enterprise Community Development (ECD), a new organization that brings together two developers and managers of affordable, well-designed homes: Community Preservation Development Corporation (CPDC) and Enterprise Homes, Inc.
CRE N Illinois Colliers adds three brokers, expands industrial and multifamily groups Colliers International | Chicago has added three associate brokers in the Chicago area. Alex Kritt and Benjamin Oxley have joined the Rosemont-based industrial advisory group, while Robert Flaherty joins the downtown Chicago-based multifamily investment team.
Industrial v Wisconsin Lee & Associates sells 196,000-square-foot industrial building in Wisconsin Lee & Associates has closed a sale transaction in LakeView Corporate Park for a 196,400-square-foot industrial building at 10550 86th Ave. in Pleasant Prairie, Wisconsin.
Office N Illinois Another major tenant for the Post Office: Tech giant Cisco Systems Silicon Valley giant Cisco Systems is reportedly eyeing a move to downtown Chicago. The tech firm, which currently occupies approximately 81,000 square feet in the Rosemont Corporate Center, is in talks to take 130,000 square feet in the Old Post Office.
Retail N Illinois Mid-America Real Estate arranges sale of Glen Gate shopping center in Glenview, IL Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of Glen Gate in Glenview, Illinois. The 102,961-square-foot center at the northeast corner of Waukegan and Golf Roads was purchased by Dallas-based Invesco Real Estate for an undisclosed sum.
Hospitality N Illinois Skender wraps up 14-story Hyatt House Hotel, a Fulton Market development by Sterling Bay Skender, serving as base building and interior construction manager, has completed construction of Chicago’s first Hyatt House extended-stay hotel, located in the heart of Chicago’s Fulton Market District. Sterling Bay developed the 14-story, 167,000-square-foot hotel and Skender collaborated with project architect Eckenhoff Saunders Architects.
Industrial N Illinois Colliers brokers sale of 8-acre Elk Grove Village site for future spec warehouse Colliers International | Chicago has brokered the sale of an 8.28-acre site located at 550 Devon Avenue in Elk Grove Village, Illinois. Colliers’ Tom Rodeno and Jonathon Kohn represented the seller, Terry Bolger, as well as the buyer, CA Ventures, in the transaction. The deal marks CA Ventures’ first foray into the Chicago industrial real e…
Office N Illinois Cushman & Wakefield reps Planmeca in purchase of new U.S. HQ in Hoffman Estates Cushman & Wakefield facilitated Planmeca USA Inc.’s purchase of the former Serta Mattress building at 2600 Forbs Avenue, in Hoffman Estates, Illinois where they will relocate their U.S. headquarters this year.
Healthcare O Indiana Marcus & Millichap sells medical office property Northwest Indiana Marcus & Millichap closed the sale of a new construction 9,109-square-foot net-leased Fresenius Medical Care property in East Chicago, Indiana. The asset sold to an out-of-state buyer for more than $3.57 million.
Industrial N Illinois CBRE to market rebranded industrial project, Elion Logistics Park 55 Elion Partners has retained CBRE as the exclusive listing agent for Elion Logistics Park 55 (ELP 55), a 2,500-acre, rail-served industrial park. Located 40 miles southwest of Chicago in Wilmington, Illinois, ELP 55 offers three miles of frontage and a complete interchange on I-55, rail service via BNSF’s Transcontinental Mainline and potent…
Office i Ohio Custom furniture maker moving to new Ohio corporate offices Crow Works, a furniture manufacturing company that manufactures all of its products in Ohio, is relocating its corporate offices from Columbus to downtown Johnstown, Ohio. The move from Columbus, where 40 employees across the engineering, marketing, sales, purchasing and finance teams operate, is set to happen at the end of this month, ushe…
CRE N Illinois Harrison Street names Dave Liu VP asset management Chicago-based Harrison Street announced that Dave Liu has joined the firm as vice president, asset management. In this role, he will be responsible for overseeing investments within Harrison Street’s medical, life science and senior housing portfolios. Liu will report to Ben Mohns, managing director and head of asset management.
CRE p Tennessee Nashville's Foundry Commercial names senior vice president Nashville, Tennessee-based Foundry Commercial named Vince Dunavant senior vice president of advisory and transaction services. Throughout his nearly 30-year career in the commercial real estate industry, Dunavant has worked with, or alongside, many of the executives at Foundry Commercial, so this appointment marks a homecoming of sorts for him.
Office X Missouri Colliers reps owner in sale of HDIS headquarters building in St. Louis area Joe Hill of Colliers International represented Malibu Midwest, LLC in the sale of the HDIS headquarters building at 9383 Dielman Industrial Drive in Olivette, Missouri. The buyer was Sealy & Company, based in Dallas.
CRE N Illinois Exploring the Lightfoot platform, part two: Neighborhood development With the recent election of a relatively progressive mayor in Lori Lightfoot, Chicago is poised for dramatic changes. In looking at the effects that her policies will have on commercial real estate, we have to broaden our focus beyond the CBD and out into the neighborhoods.
Industrial N Illinois Pharma Logistics breaks ground on new Libertyville location Pharmaceutical distributor Pharma Logistics broke ground on a new facility on North Butterfield Road in Libertyville, Illinois. Principle Construction is serving as the general contractor on the project and Harris Architects provided design services. Construction on the building is expected to be completed in early 2020.