More than 200 results for “suburban office market”
Office V Michigan

Grand Rapids office market stays strong in third quarter

| Dan Rafter

How popular has Grand Rapids, Michigan, become? Earlier this year, Reuters named the city one of the country’s top-20 “superstar metro areas” based on the number of new jobs created here from 2010 to 2017. Given the economic strength of Grand Rapids, it’s not surprising that the city is seeing plenty of commercial real estate activity, too.

Office N Illinois

Some Chicago suburbs shedding office tenants

| Matt Baker

The overall suburban Chicago office market comprises nearly 110 million square feet of inventory. But as the suburbs lost more than a million square feet of absorption year-to-date, which areas and property types should investors focus on?

Office N Illinois

The 'burbs are still an office draw

| Matt Baker

More than 150 people packed into the recently renovated atrium of President’s Plaza near O’Hare for the 4th annual State of the Suburban Office Conference, co-hosted by GlenStar. The dozen expert speakers on hand had much to say about the state of affairs for the office market outside the influence of downtown Chicago.

Industrial N Illinois

Steven Kohn joins Avison Young in Chicago

Industry veteran Steven Kohn has joined Avison Young as a principal with a mandate to help lead and grow the firm’s industrial real estate brokerage practice in Cook County and labor-related markets across Chicagoland. Based in the company’s suburban Chicago office in Rosemont, Illinois, he will continue to specialize in property transactio…

Finance N Illinois

JLL arranges nearly $30M in financing for Oak Brook office property

JLL arranged a $29.8 million financing for 2001 York Road, a 184,525-square-foot office asset in Oak Brook, Illinois. JLL worked on behalf of the borrower, an affiliate of Pembroke IV, LLC, to secure the 36-month, floating-rate loan. The five-story office property has 33,000-square-foot average floor plates and is currently fully leased wit…

Office N Illinois

Continental Towers set to undergo $15M capital improvement plan

Chicago-based developer/investor, GlenStar, and real estate investment adviser, Rubenstein Partners, have announced plans for a $15 million capital improvement campaign at Continental Towers, a 910,796-square-foot office complex located at 1701 Golf Road in Rolling Meadows, Illinois. It’s the second of a two-phase redevelopment project init…

CRE N Illinois

Property management best practices for 2019

| Matt Baker

Whether they are office, industrial, multifamily or retail, all commercial buildings have at least one thing in common. Without good property management, efficiency falters, occupant comfort declines and in the end, revenue plummets.

CRE N Illinois

For the first half of 2019, cap rates remained stable

| Matt Baker

Thanks to moderate growth, low inflation and falling long-term interest rates, cap rates for commercial real estate assets held steady in the first half of 2019. In Chicago, two sectors have a favorable outlook as they came in below the national average.