Healthcare N Illinois The trend in healthcare: smaller and more specialized Healthcare is one of the strongest parts of the economy right now. According to the U.S. Bureau of Economic Analysis, it is the nation’s largest sector by number of employees, having just surpassed the retail trade. Lest one think that this is due to retail’s woes, healthcare has been on an unflinching increase for decades. The industry eve…
Industrial v Wisconsin Meridian starts construction on SE Wisconsin spec building Meridian Design Build recently started construction on a 307,850 SF speculative industrial facility for Land and Lakes Development in Mount Pleasant, WI. The 32-foot clear building offers 40 loading docks, four drive-in doors, 242 auto parking spaces and 94 trailer stalls. The facility is designed to accommodate up to six tenants.
Office N Illinois Schaumburg Corporate Center undergoing $28 million redevelopment In what is believed to be the largest redevelopment project ever undertaken in the northwest suburban office submarket, GlenStar Properties has embarked on a $28 million capital campaign at Schaumburg Corporate Center. The redevelopment will elevate the campus to Class A+ status by adding hospitality type amenities that integrate efficiency…
Industrial N Illinois Despite vacancies, Chicago’s industrial sector remains an investor favorite Compared with recent years, Chicago’s commercial real estate market registered decreased leasing activity throughout 2017. This trend was evident in the industrial sector, where much spec space remains unleased.
Industrial N Illinois CBRE represents Bridge Development Partners in 323,000-SF lease CBRE recently represented Bridge Development Partners in a long-term lease to an undisclosed tenant for 323,343 square feet at 1543 S. 54th Avenue in Cicero, IL.
Healthcare Midwest Cushman & Wakefield report: Healthcare real estate still in growth mode Why are developers building so many medical office buildings and stand-alone clinics today? Since 1980, healthcare spending in the United States has increased 1,000 percent to more than $2.6 trillion. During this same period, the U.S. GDP has only grown 500 percent.
CRE N Illinois State of the market from the Chicago Real Estate Forecast For the past decade and a half, the Chicago State of the Market panel has been a cornerstone of REjournals’ annual Commercial Real Estate Forecast conference. The 2018 event was no different, with a faculty comprised of some of Chicago’s leading commercial real estate firms engaged in an in-depth look at the marketplace, including the trend…
CRE N Illinois State of the market from the Chicago Real Estate Forecast For the past decade and a half, the Chicago State of the Market panel has been a cornerstone of REjournals’ annual Commercial Real Estate Forecast conference. The 2018 event was no different, with a faculty comprised of some of Chicago’s leading commercial real estate firms engaged in an in-depth look at the marketplace, including the trend…
Industrial O Indiana Where’s the labor? Construction companies struggle to keep up with demand for spec construction in Indianapolis Jonathan Hardy, a broker with the Indianapolis office of Bradley Company, said that demand for new industrial construction is as high as ever in the Indianapolis market. This is why the large number of spec industrial buildings rising throughout the market is no surprise to him.
Industrial W Minnesota Record-breaking: Twin Cities’ industrial market enjoys 30 straight quarters of positive absorption As of the end of 2017, the Minneapolis-St. Paul industrial market had enjoyed 30 straight quarters of positive net absorption. And the best news? Officials with the Twin Cities office of CBRE don’t expect the industrial sector here to slow down anytime soon.
Industrial N Illinois Lee & Associates closes on 19.7 acre land sale Lee & Associates has closed a sale transaction for a 19.7 acre land site located at 3507 W. 51st Street in Chicago, IL, on behalf of national industrial developer, Conor Commercial Real Estate.
Industrial N Illinois Chicago's industrial market may be tested by new spec construction The Chicago industrial market is experiencing a “one step forward, two steps back” trend. The fourth quarter 2017 absorption rate was the lowest it’s been in six years as new spec construction came online, offsetting new leases.
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.