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

RJW Transport continues rapid growth in Chicago market

JLL announced a 416,504-square-foot lease for RJW Transport at 50 Southcreek Parkway in Romeoville, Illinois, making this the largest new lease in the I-55 Corridor this year. The deal symbolizes what has been a monumental year for the logistics and warehouse provider. In 2018 alone, RJW has taken nearly 1.2 million square feet of new space…

Industrial N Illinois

As Chicago industrial expands, investors target familiar areas

| Matt Baker

The Chicago logistics industry remains on stable footing as steadily growing wages and accelerating household formation are driving demand for more e-commerce-driven warehouse space. And according to Marcus & Millichap’s second half 2018 industrial research market report, developers looking to expand Chicago’s 1 billion-plus square-foot inv…

CRE N Illinois

Rauner on real estate: What’s needed in Illinois

| Daniel Smolensky, SIOR

While national politics may not always have an effect on local real estate, the Illinois state elections will certainly affect Chicago CRE. Last month, in the midst of what may become the most expensive gubernatorial race in U.S. history, the SIOR Chicago Chapter and AIRE hosted Illinois Governor Bruce Rauner in conversation with David Kahn…

Industrial N Illinois

Avison Young negotiates 90k SF industrial lease near O’Hare

Avison Young recently negotiated an 89,901-square-foot industrial lease at 1845 Tonne Road in Elk Grove Village, Illinois, illustrating the continued demand for well-located buildings in the O'Hare submarket. The new tenant, Cycle Logistics, a transportation and distribution company, is consolidating its warehouse and distribution space fro…

Industrial N Illinois

The road ahead for logistics is all clear

| Matt Baker

The impact that transportation and logistics have had on industrial real estate over the past decade is unprecedented. The flow of goods, spurred on by online shopping, has led to an incredible pace of warehouse and logistics facility development.

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.

CRE N Illinois

CRE Future Leaders: Jared Larson

As part of our series, CRE Future Leaders, we caught up with Jared Larson, vice president of asset management and investment at Sterling Bay. Since joining Sterling Bay in 2014, Larson has worked in a broad spectrum of the industry, including acquisitions, dispositions, financing, capital markets, asset management and development. His effor…

Industrial N Illinois

Construction is underway on Rochelle cold storage facility

Americold, a temperature-controlled supply chain firm based in Atlanta, is close to delivering a 14-story cold storage facility in Rochelle, Illinois. The 183,000-square-foot building, which will contain a series of temperature-controlled rooms and be serviced by an automated storage and retrieval system, should be operational by late 2018.

Industrial O Indiana

Finding creative solutions to industrial's labor shortage

| Sean McHale

The Indianapolis industrial market is finishing its 25th consecutive quarter of positive absorption, fueled by demand from e-commerce, consumer goods and general distribution businesses. As the region’s strong business climate and central Midwest location continues to attract tenants, there are growing concerns about how the labor shortage …

Industrial N Illinois

J.D. Salazar repositions Champion Realty Advisors

J.D. Salazar, a leader in Chicagoland commercial real estate community for more than 30 years, has re-launched Champion Realty Advisors with a new initiative. This new venture focuses on acquiring industrial properties related to transportation and outdoor storage, on behalf of high net worth individuals and family offices.

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.