Office N Illinois Redeveloped Concourse Chicago draws corporate relocations to O'Hare submarket NAI Hiffman and Berger Asset Management have secured three leases totaling approximately 8,900 square feet of space at Concourse Chicago. Berger acquired the 12-building complex in 2018 and is currently renovating and repositioning the property, located in the O’Hare submarket.
Industrial N Illinois The rising value of close-in distribution space Once thought of largely as opportunities for conversion to residential lofts and open offices, the close-in urban warehouse is having a resurgence in popularity. Accelerating growth of e-commerce and rising demand from consumers for next-day delivery has highlighted the need for companies to locate warehouses and distribution centers close …
Office N Illinois Industrious expands Chicago presence, doubles space at Ogilve Station Flexible workspace provider, Industrious, has signed additional space for its Chicago – Ogilvie location at 500 W. Madison Street in Accenture Tower. The 1.46-million-square-foot office tower, owned by KBS, will now host over 93,000 square-feet of coworking space, up from Industrious’ original 46,500-square-foot space.
Industrial N Illinois Amid shifting winds, industrial stands strong in core markets The economic shores are starting to get frothy, with incoming waves like Chinese tariffs and a downturn market threatening to crash on the beach. Despite this, the 2020 outlook for U.S. industrial real estate remains positive as low vacancy rates and rising rents offer a calming breeze.
Industrial N Illinois The last word on last mile Ever since the e-commerce revolution, the real estate industry has grappled with the concept of the last mile—where it is, how to build it up and how to capitalize on it. Perhaps unsurprisingly, the answers to these remain elusive.
CRE N Illinois Autonomous cars on a crash course with the real estate industry You stroll out of your house in the countryside, hop into the self-driving car you ordered and settle in with your coffee and your laptop, not worrying about the fact that it will take you an hour or more to get to work. Though it sounds futuristic, this scenario could become a reality within the next decade.
CRE N Illinois Three steps forward: Reducing the CRE carbon footprint Over the past decade, the real estate industry has taken substantial strides toward reducing carbon emissions and energy consumption—all while increasing asset value. There are three keys to keeping this progress on track: waste reduction, legislation and investor activity.
Industrial W Minnesota Opus starts work on 152,000-square-foot spec industrial project in Minnesota The Opus Group has started construction on Dodd Road Business Center, a speculative industrial development in Eagan, Minnesota. Construction on the 152,000-square-foot building is expected to be complete in the first quarter of 2020.
CRE N Illinois CenterPoint Properties joins ULI's Greenprint Center for Building Performance Oak Brook, Illinois-based CenterPoint Properties has joined the Urban Land Institute’s Greenprint Center for Building Performance. The initiative is a worldwide alliance of the foremost real estate owners, investors and financial institutions committed to improving the environmental performance of the real estate industry, with a particular…
Industrial N Illinois Industrial leasing sees 20 percent upswell One would think that Chicago’s industrial market was already racing ahead at top speed. But last quarter, the sector found another gear as 8.67 million square feet of space was leased up.
CRE N Illinois NAI Hiffman announces four new shareholders, three promotions NAI Hiffman announced that Bob Assoian, managing director, management services is named one of four new shareholders to the firm. Patrick Sullivan, Terry Herlihy and Adam Stokes also have been promoted to executive vice president and shareholders.
Industrial i Ohio Pizzuti brings Columbus industrial building to full occupancy The Pizzuti Companies and its partner, USAA Real Estate, have announced a new lease at CreekSide XVIII in Columbus, Ohio, bringing the multi-tenant industrial building to full occupancy.
Industrial X Missouri Opus starts construction on spec industrial project in St. Louis The Opus Group started construction on a speculative Class-A industrial development in St. Louis at Soulard Business Park. Construction on the 155,000-square-foot modern warehouse building is expected to be complete in the second quarter of 2020.
Industrial N Illinois Podolsky Circle represents MedEx Ambulance Service in long-term renewal Podolsky Circle CORFAC International successfully advised and represented MedEx Ambulance Service in a 17,080-square-foot, long-term lease renewal at 1001 S. Des Plaines Street in Chicago. The ambulance transportation provider, a certified Women Business Enterprise, provides medical transportation services to hundreds of healthcare faciliti…
Industrial N Illinois Job growth, logistics demand push industrial sector The surge from e-commerce is more than enough to bolster the industrial real estate sector. But a boost in employment among manufacturing, transportation and related fields is also helping to propel the historic run that this asset class is on.
Industrial N Illinois Conor Commercial breaks ground on spec industrial project in Prospect Heights Conor Commercial Real Estate officially broken ground on their newest development in Prospect Heights, Illinois, a 150,000-square-foot speculative facility situated on 10 acres in northern Cook County. The central location of the building, to be known as Executive Commerce Center, will have easy access to industrial markets in O’Hare, Cook …
Industrial N Illinois CenterPoint names Podolsky Circle exclusive leasing agent for 1 MSF industrial facility Podolsky Circle CORFAC International has been appointed as the exclusive leasing agent for the 992,462-square-foot industrial facility located at 900 Knell Road in Montgomery, Illinois. Podolsky Circle principal Adam Tarantur, CCIM, principal Steven Tick, SIOR and associate Austin Vanderstappen will lead the brokerage team on behalf of the …
CRE N Illinois ULI Chicago names nine winners at 2019 Vision Awards Six projects, two programs and one young visionary were announced as winners at the 8th annual Urban Land Institute Chicago Vision Awards. The Vision Awards honor projects and programs that reflect creative development practices, inventive partnerships, sharing of resources, imaginative problem solving and visionary ideas contributing to th…
Industrial V Michigan Detroit office of Cushman & Wakefield adds industrial veteran Cushman & Wakefield’s Detroit office has hired an industrial broker with a wealth of experience in logistics.
CRE N Illinois Kaegi elicits mixed reactions at SIOR/AIRE/CCIM event New Cook County Assessor, Fritz Kaegi, is traveling around the county to articulate his new policies and platform, including a recent speech to a packed room at the May meeting of the Chicago Chapter of Society of Industrial and Office Realtors (SIOR), co-hosted with the Association of Industrial Real Estate Brokers (AIRE) and the Illinois …