Industrial N Illinois Fewer industrial projects started across Chicago in 2017 Chicago industrial construction starts have slowed down over the past year, according to a review by Colliers International. At the end of 2017, 8.9 million square feet of industrial space was under construction, the smallest amount in four years and only 41 percent of the 21.9 million square feet under construction at the end of 2016.
Industrial N Illinois Amazon’s big spillover effect boosting industrial market Amazon continues to make a push in urban areas, building distribution facilities across the Midwest in the hopes of delivering their products ever faster to their customers. But not only is Amazon boosting the industrial markets across the country, it’s also creating an unusual spill-over effect.
Industrial N Illinois New infrastructure to open O’Hare submarket The O’Hare market is known for being tight and expensive, but NAI Hiffman’s Brian Colson said that he expects this to change in the coming year thanks to a new project by the Illinois Tollway. That project has the goal of making infrastructure more efficient, and could have a significant impact on the O’Hare submarket.
Industrial O Indiana Spec industrial still on the rise in Indianapolis Indianapolis has the major positives that end users are looking for when they’re hunting for industrial real estate: The city is located in the heart of the country, an ideal spot for distribution. It is surrounded by highways and rail lines. The government in the state and city is pro-business. And there’s a large and highly-skilled workfo…
Office O Indiana Today’s office building: A collision of hotel lobby, working space Indianapolis’ office market continues to thrive, with Cushman & Wakefield reporting that the sector saw 96,949 square feet of positive absorption during the third quarter of this year.
Industrial N Illinois Hurvitz: New industrial spec space won't get snapped up, market absorption will take time The industrial market in Chicago continues to deliver a large amount of spec development, and it's clear from Colliers International's third quarter report that the product isn't getting absorbed as quickly as it has in the past.
Industrial i Ohio Pizzuti Companies attracts first tenant to spec industrial building in Columbus The Pizzuti Companies and its development partner, USAA Real Estate, have announced the first tenant in the CreekSide XVI speculative building in the CreekSide Industrial Center in the Columbus, Ohio, market.
Industrial N Illinois Meridian completes spec distribution center in Romeoville, Ill. Meridian Design Build recently completed the construction of a 271,700-square-foot warehouse distribution building located at 1200 Schmidt Road in Romeoville, Ill. for Venture one.
Industrial N Illinois Keeley Construction delivers 1 msqft spec warehouse in Joliet, Ill. Keeley Construction recently completed a 1.026-million-square-foot speculative warehouse located in the Laraway Distribution Center in Joliet, Illinois for DHL Supply Chain and Core 5, according to a statement from Keeley.
Industrial Q Kentucky CBRE’s Grove: No surprise that Louisville’s industrial market continues to thrive Six leases of more than 500,000 square have closed in the Louisville market in distribution warehouse buildings since the third quarter of 2014. During the same time, 11 distribution warehouse leases of more than 200,000 square feet have closed in the market.
Office N Illinois Transwestern tapped to lease Chicago’s Rookery Building S. Boehme & Co. has retained Transwestern for leasing services for the Rookery Building, a historic 288,924-square-foot landmark at 209 S. LaSalle St. in the central Loop neighborhood of Chicago.
Office N Illinois Boundaries of Chicago's CBD continue to push outward with new construction Tenants looking for office space have a lot more options than they did last year, and projects currently under construction continue to test the boundaries of Chicago's central business district.
Industrial O Indiana Opus building 495,000-square-foot spec industrial facility in Indianapolis market The Opus Group has started construction on a 495,977-square-foot speculative industrial development in Greenwood, Indiana. The project, known as Greenpointe Logistics Center, is a joint venture with Diamond Realty Investments, Inc.
Industrial N Illinois NKF reps contract purchaser in the acquisition, leasing of Bartlett industrial spec building NKF was appointed the exclusive leasing agent for a 186,000-square-foot industrial spec development at 1365-1395 Brewster Creek Boulevard within the Brewster Creek Business Park in Bartlett, Illinois.
Industrial N Illinois Principle Construction builds spec warehouse for Seefried industrial properties Seefried Properties selected Principle Construction to build a 107,000-square-foot speculative warehouse at 2080 Lunt Avenue in Elk Grove Village, Illinois.
Industrial N Illinois Food distribution, grocery and tech collide to turn industry upside down E-commerce may be stealing the spotlight, but in Chicago, food users play a significant role and have been one of the strongest user types, according to Craig Hurvitz, VP of marketing at Colliers International.
Industrial O Indiana VanTrust Real Estate fill 592,000-square-foot spec industrial building near Louisville VanTrust Real Estate recently leased the Gateway 600 industrial spec building in Jeffersonville, Indiana, to Ingram Micro.
Industrial N Illinois The Missner Group, Sitex Group develop Wheeling spec industrial building The Missner Group and Sitex Group will jointly develop an 84,000-square-foot speculative industrial warehouse development.
Finance N Illinois Associated Bank loans $16.4M for Cicero spec development Associated Bank closed on a $16.4 million acquisition and construction loan to Bridge Development Partners for the development of a 323,343 square foot, multi tenant, Class A speculative industrial building in Cicero, Illinois.
Industrial N Illinois Krusinski Construction completes buildings in Woodridge and Niles Krusinski Construction Company wrapped up two projects, a multi-tenant spec building and a warehouse, in Woodridge, Illinois and Niles, Illinois.