Office N Illinois The Rosemont revival: What’s behind the O'Hare office market boom? Suburban millennials? Yes, they exist—and in fact, they like to work in the suburbs, too. Many people mistakenly assume that members of the millennial generation largely want to live in downtown areas. However, the generation that begins to turn 40 this year is more nuanced and geographically diverse than common assumptions would suggest.
CRE N Illinois Construction begins on state-of-the-art infusion pharmacy center in Itasca McShane Construction Company has begun construction of a 50,000-square-foot, build-to-suit facility for Option Care Health, Inc. in Itasca, Illinois for developers Quadrangle Development Company and Janko Group. Approximately 55 percent of the single-story building will house office space, while the remaining 45 percent will incorporate lic…
CRE N Illinois More than 900 CRE professionals pack the house for the 2020 Forecast Last Thursday, January 9, REjournals hosted their annual Chicago Commercial Real Estate Forecast conference at the Hyatt Regency Chicago. Considered by many in the industry to be the kickoff event of the year, the conference—now in its 18th year, attracted more than 900 CRE professionals for a day of networking and insight.
CRE N Illinois Wright Heerema Architects hires new director of business development Chicago-based architectural and interior design firm, Wright Heerema Architects, has appointed Luke Heerema as the new director of business development. Heerema is a seasoned business development professional in the commercial real estate and architecture industry, with previous roles at Cresa Chicago and Interior Investments. In his new ro…
Office N Illinois Chicago experts agree: The CBD's office sector remains dynamic It was a packed house last Tuesday for the State of Downtown Office, West Loop & Fulton Market Conference. The sold-out event, held at the beautiful 150 N. Riverside, dove into what’s driving office activity in Chicago’s three hottest submarkets.
Office N Illinois The 'burbs are still an office draw 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.
Office N Illinois The Shuman opens for business, bringing urban office vibe to the suburbs Franklin Partners has officially opened the doors of The Shuman, a socially activated office building that brings urban vibes to a suburban location. Located at 263 Shuman Boulevard in Naperville, Illinois, The Shuman features an extensive amenity floor to deliver a comprehensive workplace experience outside of Chicago’s central business di…
Office N Illinois Leasing activity begins at The Westwood in Lisle The Westwood at 2441 and 2443 Warrenville Road in Lisle, Illinois, recently kicked off major renovations and leasing activity. The property’s landlord, Briar Meads Capital, engaged world-class architects and designers, Wright Heerema Architects, along with general contractor, J.C. Anderson, to fulfill a full-scale renovation.
Office N Illinois McShane delivers new O'Hare office property for Glenstar McShane Construction Company has completed construction of Glenstar O’Hare, a new-build office property on behalf of developer GlenStar Properties. The 150,000-square-foot building was constructed on a 3.5-acre greenfield site at the intersection of the Kennedy Expressway and Cumberland Avenue near Chicago’s O’Hare International Airport.
Office N Illinois How spec suites have become the most powerful component in the office marketing toolbox Attracting office tenants to Class A space is almost too easy; you just let the spiffy new building promote itself. For older buildings, getting a good, long look from a prospective tenant can be a bit more difficult.
Office N Illinois Briar Meads Capital acquires and recapitalizes newly rebranded The Westwood Cushman & Wakefield has been selected to represent Briar Meads Capital as landlord leasing agent for its newest asset in the Chicago market: 2441 & 2443 Warrenville Road in Lisle, Illinois. The firm is tasked with procuring new tenants for the property while NAI Hiffman will bring new tenant-focused professional property management to the f…
Office N Illinois Beyond the mega-project: How smaller redevelopment projects are shaping the suburban office market While some large corporations have bet on the benefits of moving their headquarters downtown, the revival of dozens of suburban office buildings is convincing many other companies to remain in the suburbs and enjoy the urban feel of a redevelopment. Today’s employees appreciate a workplace that allows for activity-based work and amenities t…
CRE N Illinois Franklin Partners redeveloping One Mag Mile in Chicago Franklin Partners announced the redevelopment of One Mag Mile (980 N. Michigan Avenue), including transformative lobby renovations. Additional building improvements are planned and the developer recently hired a new building operations manager who will ensure that tenants receive the highest quality services and support.
Office N Illinois J.C. Anderson completes renovation project at Schaumburg Corporate Center J.C. Anderson has completed a 100,000-square-foot renovation project at 1501 Woodfield Road (Schaumburg Corporate Center) in Schaumburg, Illinois. Property owner GlenStar Properties hired J.C. Anderson to complete the large capital improvement project, which consisted of a new tenant lounge, new conference center, a new management office an…
Office N Illinois Chicago’s East-West Corridor underperforms, depending on where you’re looking Chicago’s East-West Corridor runs along I-88, from Westchester out to the fringes of the MSA at the Fox River, with communities like Aurora and St. Charles. But the submarket is bifurcated by another highway, and the performance of office spaces were much different at the close of 2018, depending on which side of I-355 one is looking.
Office Midwest Forecast panelists: Office owners who don't offer experiences will struggle Want to attract tenants to your office space? You’ll need to follow the path of the most successful retailers today and offer your tenants not just cubicles and a sprawling front lobby but an experience.
CRE Midwest REjournals set to host 17th annual Real Estate Forecast Conference REjournals is busy assembling speakers, panels and sponsors for the 17th Annual Commercial Real Estate Forecast Conference being held on Tuesday, January 8, 2019 at the Hyatt Regency Chicago.
Office N Illinois Insurer Arthur J. Gallagher & Co. looking to expand Rolling Meadows campus Insurance giant Arthur J. Gallagher & Co. is seeking to expand its Rolling Meadows global headquarters with the construction of a new four-story building on its corporate campus at 2850 Golf Road. The move, which hinges on the approval of local and state tax breaks, would keep the company in the Chicago metro rather move to a Houston-area l…
Office N Illinois Construction begins on The Oxxford in Chicago's West Loop The Missner Group has begun construction at the Oxxford, located at 1220 W. Van Buren Street in Chicago. The Missner Group plans to redevelop the current seven-story, 115,000-square-foot office, showroom and manufacturing building into a nine-story, 140,000-square-foot, Class A, loft office/commercial building to further support the growing…
Office N Illinois Naperville office building has new name, new look After hinting at their plans in July, Franklin Partners has finally unveiled its redevelopment plans for The Shuman, the five-story office building at 263 Shuman Boulevard in Naperville, Illinois. The Shuman will become a suburban destination for multiple office tenants, offering extensive amenities designed to build community among buildin…