Multifamily N Illinois Lendlease, Magellan break ground on two Lakeshore East residential towers Lendlease and co-developer Magellan Development Group celebrated the groundbreaking of Cirrus, a 47-story condominium tower along Chicago’s lakefront in the Lakeshore East community. Scheduled for move-ins by fall 2021, Cirrus will be developed simultaneously with Cascade—an adjacent, 37-story, 503-unit rental tower—and Cascade Park, a publ…
Retail N Illinois This ain’t no apocalypse: Why retail is morphing, not moribund Every day, another retailer downsizes, closes locations or closes for good. While this has led some to decry the sector all but dead, they are likely ignoring the vast opportunities populating what is arguably a very dynamic asset class.
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 …
CRE N Illinois Wight & Company completes net zero recreation center in Plainfield Chicago-based integrated design and delivery firm Wight & Company has completed the Prairie Activity and Recreation Center (PARC) for the Plainfield Park District. Designed as a net zero facility, the 37,000-square-foot building in southwest suburban Plainfield, Illinois is projected to be the first building of its kind to achieve the Passi…
CRE N Illinois Illinois Green Alliance announces winners at 14th annual Emerald Awards Illinois Green Alliance, the local affiliate of the USGBC, announced the winners of the 14th annual Emerald Awards for 2019. Each year, the annual Emerald Awards program recognizes the unique green building leadership in Illinois by featuring the best and brightest individuals, projects and technologies championed in Illinois.
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…
CRE N Illinois How to boost economic and environmental sustainability through technology Once known for its vast stockyards and rail linkages, Chicago eventually grew more cosmopolitan and became an important corporate hub, as well as an exporter of great architecture. So how do we stay top-of-mind on the world stage in the 21st Century? One word: technology.
Office N Illinois Passive house, massive scale Building commercial properties with sustainability in mind has the capacity to drastically improve a city’s carbon footprint and mitigate the effects of climate change. One of the strongest green building standards around is Passive House; marrying that with commercial construction can lead to epic results.
Office N Illinois Largest Passive House office building in the U.S. headed to Chicago’s West Loop The largest office building in the U.S. to achieve Passive House certification will go up at 310 N. Sangamon Street in Chicago. Located around the corner from Google’s new headquarters in the city’s West Loop, the building will offer 268,000 square feet of office space and 7,800 square feet of ground-floor retail.
Finance V Michigan Cohen Financial provides $40 million in financing for Detroit-area regional HQ building Cathy Bronkema, managing director in the Grand Rapids, Michigan, office of Cohen Financial, recently secured more than $40.1 million for American Commerce Center. This single-tenant, build-to-suit regional headquarters is located in Southfield, Michigan.
Retail N Illinois Construction on Lincoln Common on Chicago's North Side Co-developers Hines and McCaffery Interests broke ground on The Lincoln Common, a mixed-use development on the former Children's Memorial Hospital site.
CRE p Tennessee Crowdfunding company Realty Mogul likes what it sees in Kansas, Tennessee Not too many commercial real estate companies can say they've been featured in TechCrunch, the techhiest of all tech Web sites. But Beverly Hills, Calif.-based Realty Mogul has, thanks to its unique idea of allowing investors to pool their money online to buy shares of pre-vetted commercial real estate investments. The founders of Realty Mo…
CRE Midwest Construction starts for Advocate Illinois Masonic Medical Center The design and construction team of SmithGroupJJR, KJWW Engineering, Thornton Tomasetti and Turner Construction broke ground on a new, $109 million outpatient facility for Advocate Illinois Masonic Medical Center in Chicago.