CRE N Illinois 10 things property managers can do to increase ROI The multifamily industry is in constant change and more crowded than ever before with projects across all asset classes. To stay competitive, property managers must change with it. Here are 10 things property managers can do to provide increased value to owners and asset managers—and to add to the bottom line of their portfolios.
Office N Illinois Demand hasn't diminished for suburban Class A office space Leasing activity in Chicago’s suburbs slowed down in the first quarter of 2019. However, pockets of the market, including O’Hare and Oak Brook, remain tight, leading to asking rents in these areas to reach an all-time high.
Office N Illinois Chicagoland Commercial Real Estate brokers 15k-SF Schaumburg office lease Palatine, Illinois-based Chicagoland Commercial Real Estate represented Wistron Mobile Solutions Corporation in a recent sublease. The international information and communication products and services company took on a 14,891-square-foot office space located at 953 American Lane in Schaumburg, Illinois.
CRE V Michigan Michigan's Dominion adds three brokers Bingham Farms, Michigan-based Dominion Real Estate Advisors added three brokers to its team, Sean Jamian, Alex Tokarz and Jordan Banks.
Net Lease P Kansas Boulder Group closes $1.4 million net-lease sale in Kansas The Boulder Group completed the sale of a single-tenant net-leased Sketcher’s property at 6740 W. 119th St. in Overland Park, Kansas, for $1.475 million.
CRE c Nebraska LinkedIn, HDR prove it: Omaha still a big draw in the Midwest The real estate pros working the Omaha market all agree: This is an exciting time to be in this business in this city.
Multifamily N Illinois Pre-sales begin at newest Lakeshore East multifamily development, Cirrus Lendlease Development and co-developer Magellan Development Group have started pre-sales for Cirrus, a 47-story, 363-unit luxury condominium tower at 211 N. Harbor Drive, along Chicago’s lakefront in the Lakeshore East community. Scheduled to begin construction this summer, with first deliveries in fall 2021, Cirrus is part of a three-tower…
Office N Illinois Friedman Real Estate expands their Chicagoland footprint Friedman Real Estate was awarded the management and leasing of Corporate Lakes III, an institutional-quality office building located at 2200 Cabot Drive in Lisle, Illinois. Totaling 124,327 square feet across four floors, several of the spaces are turnkey ready, including ready-to-use office furniture.
CRE N Illinois Higher Grounds Education purchases new location in Naperville D.B.J Corporation has sold the former Alder School daycare facility located at 5051 Ace Lane in Naperville, Illinois to Higher Ground Education, based out of Lake Forest, California. Linda Kost and Dave Schmidt, partners with Algonquin, Illinois-based Realty Metrix Commercial, represented D.B.J Corporation in the transaction.
CRE N Illinois Jon Bryn joins Victor Construction as a senior project manager Jon Bryn has joined Schaumburg, Illinois-based general contractor Victor Construction Co., Inc. as a senior project manager. An accomplished and versatile project manager and a licensed architect, Bryn has over 25 years’ experience in construction, for a variety of industries and clients.
Office N Illinois Core Acquisitions purchases Deerfield office property, Ten Parkway North Core Acquisitions, a Chicago-based commercial real estate investment, development and property management company, has acquired Ten North Parkway in Deerfield, Illinois. Gramercy Property Trust, an affiliate of Blackstone, sold the property for $6.75 million.
Office N Illinois KBS signs over 17,000 SF in new leases in River North loft office building Newport Beach, California-based KBS signed 17,383 square feet in new leases at 213 West Institute Place in Chicago. Meredith Corporation, a leading media and marketing services company; Tiesta Tea Company, a loose-leaf tea producer; M1 Finance, a financial services firm and Studio Brunstrum, an interior design firm, all signed new leases at…
Office W Minnesota CBRE: Rising demand fuels Minneapolis office market Demand for office space in Minneapolis remains so strong that the average asking rent for this sector rose to $15.30 in the first quarter of the year. That’s 15.9 percent higher than the 10-year average, according to the latest research from CBRE.
Multifamily N Illinois Luxury Living Chicago Realty begins leasing River City Apartments With the kick off of leasing at River City Apartments, Luxury Living Chicago Realty has revealed the renovated one-bedroom model unit. Designed by Devon Grace Interiors, renovated units include quartz countertops, white cabinets, custom closets, in-unit washer and dryer and wood-plank floors. Units are now available for new residents at the…
Industrial N Illinois Amylu Foods to build meat processing facility in Chicago Meridian Design Build recently began construction on an 84,000-square-foot USDA meat processing plant for Amylu Foods. The new facility will located in the heart of Chicago’s Stockyards Industrial Park at 1400 W. 44th Street.
Office N Illinois Clear Height signs Danley's to office lease in O'Hare market Northbrook, Illinois-based custom garage builder, Danley’s, has completed a lease for 4,556 square feet of office space at 1400 S. Elmhurst Road in Elk Grove Village, Illinois, within the O’Hare submarket. Clear Height Properties has owned and managed since May 2018.
Legal V Michigan Retail leases and rent payments: Timing is everything Two recent client situations remind me of a critical lease issue that sometimes gets overlooked. In each situation, the tenant entered into a retail lease where rent would begin within “x” days after the execution date of the lease. Under normal circumstances, the free rent period in both leases would have been sufficient for the tenant to …
CRE N Illinois Marc Brash joins Colliers as vice president, Chicago corporate solutions Colliers International | Chicago announced Marc Brash has joined the company as vice president, Chicago corporate solutions. Brash will be based in the firm’s downtown office and work with local leadership to expand and streamline the company’s transaction management accounts.
CRE N Illinois JLL announces corporate solutions leadership changes JLL announced that Neil Murray will become global CEO, corporate solutions, succeeding John Forrest. Murray, who will be located in Chicago, will report to CEO Christian Ulbrich and join the company's global executive board. Mark Caskey will succeed Murray as EMEA CEO, corporate solutions. The changes are effective June 1.
Office N Illinois Coworking flexes its muscles Coworking is a quite misunderstood segment of the real estate economy. It seems novel, but its roots go back to the ‘70s. It’s users are young start-ups, except when they are Fortune 100 multinationals. So just what is the reality about this emerging asset class and where are things headed?