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…
Office N Illinois Attracting tenants to suburban offices: Service is key On Thursday, September 20, 2018, REjournals hosted the 3rd annual Suburban Office Market Conference, co-hosted by GlenStar Properties. More than 150 industry professionals flocked to the Schaumburg Corporate Center to hear about the latest trends on the office market outside the urban core.
Office N Illinois Chicago building owners are opening their doors—on the top floors For a few months of the year, the best part of living in Chicago is the great outdoors. Now, office workers itching to get out and enjoy the sunshine have more options to enjoy some fresh air during their work day—without leaving the office. Think four-seasons rooms, roof decks and outdoor patios where employees can type away on laptops or …
Office N Illinois Zeller Realty cuts ribbon on Woodfield Preserve Zeller Realty Group (ZRG) recently hosted a ribbon cutting ceremony for the tenants of Woodfield Preserve Office Center to kick off summer and its newest tenant amenity, a 1,600-square-foot courtyard. The ceremony was attended by representatives of CBRE, the building’s leasing agents, as well as office tenants.
Office N Illinois Chasing millennial workers—but to the suburbs or the city? Millennials, we are constantly told, desire something different than previous generations. They want to live closer to where they work. They eschew cars for transit cards and suburban homesteads for downtown apartments.
CRE N Illinois Wright Heerema adds new team members Wright Heerema Architects (WHA) recently hired Nicholas Pettit, AIA, NCARB and Laura Scallon, IIDA, LEED AP as the newest additions to their team. They both offer a broad range of architectural and interior design experience at the local and national levels, and will help support WHA’s integrated team as the firm continues to enhance its es…
Office N Illinois Why branded workplaces inspire Millennials (and every other generation) Office tenants today are thinking a lot about engagement—but not the diamond rings-and-champagne kind. Rather, companies are seeking ways to keep employees engaged and connected to their work, and for good reason. Engaged employees are 17 percent more productive and are absent 41 percent less than the unengaged, according to Gallup research…
Office N Illinois Franklin Partners and Wright Heerema Architects to redevelop former OfficeMax HQ Franklin Partners and Wright Heerema Architects will redevelop the former OfficeMax headquarters at 263 Shuman Boulevard in Naperville, Illinois. Franklin Partners, in a joint venture with Bixby Bridge Capital, acquired the property last week.
Office N Illinois Leopardo completes headquarters for Arthur J. Gallagher in Rolling Meadows Leopardo recently finished a 315,000-square-foot gut renovation for the Arthur J. Gallagher & Co. global headquarters in Rolling Meadows, Illinois.
Retail N Illinois Winners of the 29th Annual Chicago Commercial Real Estate Awards CBRE took home the coveted Deal of the Year award for the McDonald's headquarters, while JLL won six honors at the 29th Annual Chicago Commercial Real Estate Awards Dinner at the Hilton Chicago on Thursday.