Industrial Midwest

Property management: Always in demand

| markt

In good times and bad, property management plays a vital role in commercial real estate. Recently, Phil Stafford, head of property management for Colliers International in Chicago, sat down with Chicago Industrial Properties' Mark Thomton to discuss the state of the industry and how owners are utilizing property management services in the gradual recovery.

Industrial Midwest

Made in America

Throughout the past decade the United States has focused on reducing our reliance on the manufacturing industry while looking to boost the service industry to create more jobs – particularly in the financial sector. However, as was made clear by the devastating turn of events in the past few years, our economy cannot rest solely on the strength (or lack thereof) of our financial industry.

Industrial Midwest

Missner Group in final states of $8M build-to-suit

The Missner Group is near completion of an $8 million, 60,000-square-foot build-to-suit for Greenwood Associates, Inc., a national processor of fruit juice concentrates, essential oils and purees. Located at 6280 W. Howard Street in Niles, Ill, the new facility for Greenwood Associates represents one of the most significant build-to-suits in the marketplace within the past year.

Industrial Midwest

Grubb & Ellis facilitates sale of three industrial properties

Grubb & Ellis Company has announced that its Chicago-based Sale Leaseback/Net Lease Properties Group represented SIGMA International Group, Inc., a portfolio company of private equity firm, Frontenac Company, in a sale leaseback transaction of three buildings. The buildings, located in suburban Chicago and Houston, were purchased by an undisclosed buyer.

Industrial Midwest

Industrial recovery continues on strength of large deals

A steady recovery continued in the Chicago industrial market during the second quarter as vacancy dipped 20 basis points on the strength of numerous big deals. But as medium-sized firms still struggle and vacancy remains elevated from historical norms, the market is still far from healthy, reports NAI Hiffman’s second quarter analysis.