More than 200 results for “transportation industry”
CRE N Illinois

Kinzie Industrial Corridor flex space sells for $3.9 million

Interra Realty announced the $3.9 million sale of 1827 W. Hubbard Street, a 33,000-square-foot flex office building in Chicago’s West Town neighborhood, within the boundaries of the Kinzie Industrial Corridor. Interra director Colin O’Malley and co-founding principal Jon Morgan represented the private seller. The buyer was Chicago-based Day…

Industrial N Illinois

Capital availability may be drying up for select industrial products

| Matt Baker

Industrial has been so sturdy for so long that it’s hard to remember a time when the asset class wasn’t the darling of commercial real estate. While e-commerce growth is expected to continue—and with it, the warehouses and logistics facilities that bridge the flow of goods from suppliers to consumers—there are a number of question marks at …

Industrial N Illinois

Industrial and logistics outlook for 2019

| Matt Baker

The country’s industrial and logistics (I&L) sector performed extremely well throughout 2018, impelled by strong market fundamentals, growth in consumer spending, business inventories and industrial production. According to CBRE’s 2019 U.S. Real Estate Market Outlook, investors, developers and users can expect more of the same in 2019.

CRE N Illinois

Chicago's CTA headed for $2 billion modernization

A joint venture of Walsh Construction and Irving, Texas-based Fluor Corporation have been selected as the preferred partner to design and build Phase One of the Red and Purple Line Modernization Program for the Chicago Transit Authority (CTA). The $2.1 billion project will be the largest capital project in CTA’s history, ultimately resultin…

Industrial Midwest

Westmount Realty acquires 1.43 MSF Midwest industrial portfolio

Dallas-based Westmount Realty Capital, LLC announced the acquisition of a 1.43-million-square-foot industrial portfolio in Chicago, Cincinnati and Columbus, Ohio. Comprised of 12 buildings built between 1970-1994, the portfolio has clear heights ranging from 20-26 feet, an average office finish of 7 percent and an average historical tenant …

CRE N Illinois

Mortenson hires aviation construction expert MacAdam Glinn

Mortenson has hired MacAdam Glinn, Esq., LEED AP as general manager of aviation. Glinn, based in Chicago, is spearheading efforts to expand the company’s construction projects at U.S. airports, including work directly for the airports, with air carriers and with specialty aviation contractors.