Industrial N Illinois CA Industrial appoints CRE veteran Michael Podboy as president Chicago-based CA Industrial, the industrial investment and development division of CA Ventures, has appointed Michael Podboy, a veteran of the commercial real estate industry who has overseen more than $750 million in development, as president for the division. Podboy will build on the success of CA Industrial, launched in July 2018 with a goal of investing $500 million in speculative industrial development and acquisition opportunities throughout the U.S. over the next five years.
Industrial N Illinois ML Realty Partners closes 280,000 SF in recent Chicagoland lease transactions ML Realty Partners recently completed 279,711 square feet in recent Chicagoland lease transactions. The deals included one in Chicago and two in Elk Grove Village, Illinois.
Industrial N Illinois PREMIER, Bridge break ground on two-building industrial development in DuPage County PREMIER Design + Build Group has broken ground on a two-building industrial project for client Bridge Development Partners. The facility will include a new home for tenant Forward Space LLC, a provider of innovative workplace solutions. The two-building redevelopment, known as Bridge Point Wood Dale, is located in Wood Dale, Illinois.
Industrial N Illinois Industrial vet, Mark Levy, joins Hilco Redevelopment Partners Hilco Redevelopment Partners, a unit of Hilco Global, announced that Mark Levy has joined its real estate redevelopment team as executive vice president – industrial acquisitions. He will be responsible for expanding the acquisition team and strategy, with a focus on continuing to source and complete industrial redevelopment transactions throughout North America within Hilco’s real estate redevelopment operating company.
Industrial i Ohio Pizzuti to build two spec industrial buildings in Ohio The Pizzuti Companies announced plans for two new speculative industrial buildings in West Chester, Ohio. Totaling more than 350,000 square feet, Mill Creek Logistics Center I and II are being constructed on a 17.5-acre site about 20 miles northeast of Cincinnati.
Industrial W Minnesota Brisky sells 114,000-square-foot industrial property in Minnesota Brisky Commercial recently closed the sale of the Valley Green Business Center in Shakopee, Minnesota. The 114,000-square-foot industrial property sold for $8 million.
Industrial N Illinois Amid shifting winds, industrial stands strong in core markets The economic shores are starting to get frothy, with incoming waves like Chinese tariffs and a downturn market threatening to crash on the beach. Despite this, the 2020 outlook for U.S. industrial real estate remains positive as low vacancy rates and rising rents offer a calming breeze.
Industrial N Illinois Venture One acquires Gurnee industrial property Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 265,644-square-foot industrial building located at 605 Tri State Parkway in Gurnee, Illinois. The property was vacant at acquisition.
Industrial N Illinois Bridge Development Partners sells Bridge Point North Business Park Phase II Bridge Development Partners has sold three state-of-the-art industrial distribution buildings at Bridge Point North Business Park, in Waukegan, Illinois to AEW, a global real estate investment advisor. The buildings, part of Phase II of the master-planned campus, total 926,947 square feet and were were 68 percent leased to two tenants at the time of sale
Industrial N Illinois Darwin Realty reps building owner in Des Plaines manufacturing lease Darwin Realty president, Richard G. Daly, and associate, Chris Mergenthaler, represented a private partnership in the lease of its building at 1701 Birchwood Avenue in Des Plaines, Illinois. The new tenant, Amphenol EEC, is a manufacturer of electrical, electronic and fiber optic connectors and is relocating its facility from Chicago and Mexico.
Industrial v Wisconsin Finding available land? That's the big challenge for industrial users The biggest problem in the the Milwaukee industrial market? It’s not vacancy rates. Those are low. And it’s not net absorption, either. That’s high. And rents? Those are on the rise here, too.
Industrial i Ohio PCCP, Pizzuti developing pair of spec industrial buildings in Columbus PCCP, LLC has formed a joint venture with The Pizzuti Companies for the speculative development of a two‐building Class-A industrial complex totaling 539,094 square feet on nearly 40 acres in Columbus, Ohio.
Industrial N Illinois The Opus Group closes Bolingbrook lease with Fiat Chrysler Automobiles The Opus Group announced that Fiat Chrysler Automobiles (FCA) has signed a lease at 1325 Remington, a 112,049-square-foot building located in Carlow Corporate Center, an established business park in Bolingbrook, Illinois. The car manufacturer will occupy 25,523 square feet, using the space as a training facility for its employees.
Industrial i Ohio Core5 names development manager in Cincinnati office Core5 Industrial Partners, a real estate property company focused on development and acquisition of Class-A industrial properties, officially announced today that Joseph Douglas “JD” Barnes has been appointed Development Manager.
Industrial X Missouri JLL St. Louis office makes two hires The St. Louis office of JLL recently expanded with two hires
Industrial N Illinois The last word on last mile Ever since the e-commerce revolution, the real estate industry has grappled with the concept of the last mile—where it is, how to build it up and how to capitalize on it. Perhaps unsurprisingly, the answers to these remain elusive.
Industrial i Ohio Colliers sells six-property industrial portfolio in Cincinnati, Columbus The Colliers International|Ohio Investment Team and Columbus Industrial Team closed on the Orange Point Portfolio, a six-property industrial portfolio. The portfolio totals 591,695 square feet across five locations with a combined occupancy level of 93.7 percent. Four properties are located in the Cincinnati market and two are located in Columbus.
Industrial V Michigan Optimism still high for Detroit's industrial market Most of the key numbers ticked down slightly for the industrial market in the Detroit area. But the future still looks bright for this sector, according to the latest research from Colliers International.
Industrial N Illinois Jeff Girling joins Lee & Associates of Illinois Lee & Associates of Illinois has hired Jeff Girling to its industrial team. Girling began his commercial real estate career in 1998 and spent most of his career at Paine Wetzel focusing on the greater Chicago Metropolitan area.
Industrial O Indiana Aerospace firm signs 56,000-square-foot lease at HSA industrial park in Indiana Chicago-based HSA Commercial Real Estate has executed a 56,592-square-foot lease with Safran Nacelles Services Americas LLC at its Gateway V distribution center at 845 Airtech Parkway in Plainfield, Indiana near the Indianapolis International Airport.