CRE N Illinois
Forecasting three corners of commercial real estate for 2019

Forecasting three corners of commercial real estate for 2019

All throughout 2018, the real estate market was once again buoyed by a virile U.S. economy. There may new challenges in 2019 in the forms of rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, yet many commercial real estate professionals remain bullish on the market going into the new year.

CRE N Illinois
Chicago's CTA headed for $2 billion modernization

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 resulting in expanded capacity and improved infrastructure along the region’s most used rail lines.

CRE N Illinois
Cameron Trefry;Ware Malcomb

Ware Malcomb moves into larger Oak Brook office

Ware Malcomb, an award-winning international design firm, has moved into a new, larger office location at 1315 22nd Street in Oak Brook, Illinois. This office move accommodates the growth of the firm’s employee and client base in the Chicago and Midwest market. Ware Malcomb also maintains a second office located at 600 W. Jackson Boulevard in Chicago.

CRE N Illinois
The forecast for investment sales: Partly cloudy

The forecast for investment sales: Partly cloudy

Throughout the year, commercial real estate investors have signaled cautious optimism and 2018 rewarded that outlook. Will the same hold true in 2019? As real estate investors seek out the prime opportunities to improve their yields, there are specific market, asset and financial concerns to take into account.

CRE N Illinois
From left to right, 2016 winner Suzanne Boryscka, RPA of Lincoln Property Company presents David Narey, CPM, vice president, property management at Irgens with the Member of the Year award.

BOMA/Suburban Chicago presents annual member awards

The Building Owners and Managers Association (BOMA) of Suburban Chicago held their annual holiday and awards lunch on December 5 at Carlisle Banquets in Lombard, Illinois. The event included award announcements, recognition and networking. During the event, the announcement of the Member, Associate, Engineer and Emerging Leader of the Year Awards took place. The Lifetime Achievement Award was also presented at the lunch.

CRE W Minnesota
Kraus-Anderson to build psychiatric treatment facility in Minnesota

Kraus-Anderson to build psychiatric treatment facility in Minnesota

Minnesota’s children and youth with mental health needs will soon have a state-of-the-art healing facility where they can receive therapeutic and educational services under one roof. Thanks to a partnership with The Hills Youth and Family Services, Kraus-Anderson, TKDA Architects and Northeast Metro 916, the construction of a 60-bed psychiatric residential treatment facility will soon begin in East Bethel, Minnesota, at 900 189th Ave. NE.

CRE N Illinois
Natalie Walsh;TB Premier Services

TB Premier Services welcomes Natalie Walsh

Natalie Walsh has joined Chicago-based TB Premier Services, Inc. (TBPS) as a sales and marketing specialist. She has has worked in the past as a property manager for CRE property owners and managers including Piedmont Office Realty Trust, Younan Properties, Inc., Trizec Properties and Transwestern Commercial Services.