Retail N Illinois Chicagoland Commercial Real Estate negotiates three suburban retail leases Chicagoland Commercial Real Estate, Inc. recently completed three new retail leases in the Chicago suburbs. Totaling 7,529 square feet, the transactions were in Evanston, Mount Prospect and Palatine, Illinois.
Multifamily O Indiana Opportunity Zone program bringing new life to lot near Indiana University Developers and investors praised the Opportunity Zone program when it became law as part of the 2017 Tax Cuts and Jobs Act. The hope was that the program would lead to new office buildings, apartment complexes and industrial facilities in neighborhoods that had largely been bypassed during the commercial real estate boom.
Hospitality V Michigan Here come the hotels: A surge in guest rooms another sign of Detroit's rebirth Hotels are opening in downtown Detroit again. And that is a sure sign that the center of this city is in the middle of a rebirth
Finance V Michigan Berkadia provides $23 million in financing for Michigan apartment complex Berkadia provided $23.12 million in financing for Ashford Apartments, a garden-style multifamily property in Shelby, Michigan. Senior Managing Directors Colin Callaghan and Peter Benedetto of Berkadia’s Detroit office secured the permanent refinancing on behalf of Michigan-based Ashford 180 LLC, an affiliate of MJC Companies. The deal close…
Retail N Illinois Centennial unveils "Central Park" transformations for two Chicago-area malls Centennial, a Dallas-based real estate investment firm with a national portfolio of shopping, dining, entertainment and mixed-use destinations, has revealed plans for its redevelopment of two Chicago-area malls: Hawthorn Mall in Vernon Hills, Illinois, and Fox Valley Mall in Aurora, Illinois. Each property’s dated center court space will be…
Multifamily N Illinois Sales begin at JK Equities' West Loop condo project, 1400 West Monroe New York-based JK Equities has launched sales for 1400 West Monroe, a 42-unit, boutique condominium building coming to the West Loop. Construction of the seven-story development is slated to begin in the second half of 2019 with first move-ins 12 to 14 months following. ON Collaborative by Coldwell Banker is handling sales and marketing of…
Hospitality N Illinois Hyatt Regency Deerfield completes phase one of multi-million dollar renovation Hyatt Regency Deerfield, a luxury, full-service hotel is once again open following the completion of the first phase a multi-million dollar, full-scale renovation. The first phase included the $14 million complete redo of the property’s 300 guest rooms and suites. Phase two, which is slated to begin first quarter of 2020, will update meetin…
Retail N Illinois Changing demographics and economics are upending food and beverage retail Change is coming to U.S. food-and-beverage operators—and the real estate they occupy. The F&B sector is evolving and the implications for retail real estate could be significant.
CRE N Illinois Englewood Construction tapped for Fulton Market, Uptown projects Englewood Construction has been named general contractor for two Chicago-area projects: the conversion of a former meatpacking building in Chicago’s Fulton Market neighborhood for future commercial use, and the construction of a new 6,000-square-foot retail building in Chicago’s Uptown neighborhood.
Retail V Michigan Gerdom brings three tenants to Michigan retail center The Gerdom Realty & Investment team of Tjader Gerdom, Mike Murphy and Larry Siedell represented landlord Beztek Properties in the signing of three recent retail leases for a total of 6,942 square feet at Century Plaza in Troy, Michigan.
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.
Office N Illinois Focus, Shapack Partners break ground on 167 Green Street in Fulton Market Last week, representatives from Focus, Shapack Partners, Gensler and Walton Street Capital joined city of Chicago officials in a groundbreaking ceremony for 167 N. Green Street. The 17-story office property will be home to several large companies, including WeWork, who will occupy 140,000 of the building’s 750,000 square feet.
CRE N Illinois ACCEND Construction hires Tony Fontanetta as general superintendent ACCEND Construction LLC has hired Tony Fontanetta as general superintendent. He will oversee projects to ensure they are completed within budget, on schedule and in accordance with client specifications while also ensuring that jobsite safety and quality control are maintained during projects. He comes on board not long after the general co…
Retail v Wisconsin Barry Company sells big plot of land near Wisconsin Amazon facility The Barry Company recently sold a parcel of land at the intersection of Highway-142 and Interstate-94 in Kenosha, Wisconsin.
Retail N Illinois Luxury rental tower Optima Signature welcomes Egg Harbor Cafe Optima Signature, a 57-story, 490-unit luxury apartment tower just east of Chicago’s Magnificent Mile, has signed a lease with Egg Harbor Café, a restaurant specializing in breakfast, brunch and lunch with 20 locations in Illinois, Wisconsin and Georgia. Expected to open in fall 2019, it will be the first downtown Chicago location for the brand.
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…
CRE i Ohio Goodman sells 155,000-square-foot former Sam's Club in Ohio Goodman Real Estate Services Group LLC recently negotiated the sale of a 155,000-square-foot former Sam’s Club at 27853 Chardon Road in Willoughby Hills, Ohio, to Cleveland-based Produce Packaging.
CRE N Illinois Q&A: Tim Anderson of Focus Tim Anderson is CEO and founder of Focus, a Chicago-based firm that delivers development, construction and consulting services. He got his start in commercial real estate over 40 years ago and since then has been a trailblazer for industry diversification.
Office N Illinois J.C. Anderson completes build-out for Elkay Manufacturing's new HQ J.C. Anderson has completed a 47,073-square-foot build-out for Elkay’s new plumbing business headquarters at 1333 Butterfield Road in Downers Grove, Illinois. The company’s corporate headquarters is on track to move to the same location later this year.
Retail X Missouri Belton to get new Raising Cane's restaurant Raising Cane Restaurants LLC has received approval from the Belton Planning Commission to build a 3,160-square-foot restaurant in Belton, Missouri’s, growing commercial corridor along 58 Highway near Interstate 49.