More than 200 results for “spec”
Industrial N Illinois

Rockford turns its focus toward high-tech manufacturing

| Matt Baker

Rockford and the I-39 Corridor have a long and interesting manufacturing history. In the 1850s, one of the first companies to establish in the area was J. H. Manny & Co., a manufacturer of wheat reapers. The company would later be embroiled in a high-profile legal case with McCormick Harvesting Machine Company that would involve future pres…

Industrial N Illinois

Why the cold shoulder for cold storage?

| Matt Baker

The unprecedented growth of the industrial sector over the last decade has brought numerous changes to the real estate landscape. And with no signs of e-commerce letting up, one should expect investment and development of fulfillment/warehouse space to continue unabated for some time.

Industrial N Illinois

Chicago construction starts increase dramatically

| Matt Baker

Is the dearth of new supply during the third quarter of 2018—the lowest quarterly total since 2015—a sign of a downturn? According to the latest research update from Colliers International, it’s much more likely to be the calm before the storm as construction starts increased dramatically this quarter.

Office N Illinois

Bridge Investment buys Art Deco office tower in Chicago, One N. LaSalle

A subsidiary of Bridge Investment Group, Bridge Office Fund Manager LLC, purchased One North LaSalle, a 47-story, 493,738-square-foot vintage office tower centrally located in downtown Chicago. Terms of the transaction were not disclosed, though the sellers—a joint venture of Northbrook-based Hilco Real Estate and two MB Real Estate executi…

Industrial N Illinois

Construction underway on Last Mile Logistics Center I-55 in Chicago

Construction is underway on Last Mile Logistics Center I-55, a state-of-the-art, 316,550-square-foot spec facility located at the intersection of 51st Street and St. Louis Avenue in Chicago. The project developer, Conor Commercial Real Estate, broke ground in June along with Globe Corporation, Alderman Ed Burke and the general contractor, M…

Industrial v Wisconsin

Meridian wraps 307,000-square-foot spec project in Wisconsin

| Dan Rafter

The Milwaukee market remains a hot one for industrial, as the area’s central location makes it a perfect spot for companies that need to ship products across the country quickly. Need more proof? Meridian Design Build believes enough in the strength of this market to have recently added another major spec industrial facility to the area.

Office N Illinois

Rewired: A time of change for modern offices

| Matt Baker

The pace of change within the American office has quickened over the past 10 years. Not just in the technology that people use, but also in how that technology unyokes them within the workspace. Building owners and managers who aren’t paying attention may be left behind.

Industrial i Ohio

Duke leases more than 1.3 million square feet in Cincinnati buildings

The Cincinnati office of Duke Realty Corporation saw continued demand for industrial space in the second quarter of 2018, raising its total leasing volume to more than 1.38 million square feet for the first six months of 2018. After a strong first quarter, the Cincinnati team added another 588,447 square feet in leases between April and the…

Industrial N Illinois

Some improvement in the I-55 Corridor

| Matt Baker

The Chicago metro industrial market remained strong last quarter. The 8.6 million square feet of new leasing activity during Q2 is the highest quarterly total since 2015 and the plummeting vacancy rate, which was down by an 23 basis points to 6.4 percent, is the lowest rate recorded since 2001.