Chicago
Industrial Absorption Spikes; Rents Reach New Highs
Chicago’s industrial market came back from a relatively soft second quarter with a Q3 spike in absorption and only 2.2… Read more
Electrical Business Plans West Garfield Park Facility
Family-owned electrical products maker The Will Group plans to build a $5.5-million production facility on long-vacant city-owned land in West… Read more
Dayton Street Buys Alsip Operations Hub
Dayton Street Partners, together with an institutional investor, has acquired a 172,000-square-foot, cross-dock truck terminal at 12161 S. Central in… Read more
Interra Arranges Two Andersonville Deals
Interra Realty has brokered two multifamily transactions in the North Side’s Andersonville neighborhood. They included the $3.75-million sale of a… Read more
Skender Completes 225K-SF Restack for HERE’s Americas HQ
Skender recently completed a 225,000-square-foot restack for location intelligence provider HERE Technologies at 475 N. Randolph St. Amsterdam-based HERE recently… Read more
Park 360 South Coming to Mansfield
Logistics Property Co. of Chicago is planning a major new industrial park in Mansfield, TX, southeast of Fort Worth. Park… Read more
MI-based Signature Associates Joins TCN Worldwide
Detroit-based Signature Associates has come into the TCN Worldwide fold as its newest member firm selected to join the international… Read more
Office Leads as Chicago Sales Post 44% Gain
Chicago investment sales volume for the first half of 2018 was up 44% year over year, according to Avison Young.… Read more
Optima’s Streeterville Rental Tower Signs 3 Retailers
Optima Signature, Optima’s 57-story, 490-unit luxury rental tower just east of the Magnificent Mile has signed leases for three commercial… Read more
Appraisal Veteran D’Alessandro Joins CBRE’s Chicago Team
Michael D’Alessandro (pictured) has been named EVP with CBRE’s Valuation and Advisory Services (VAS) in Chicago. He has more than… Read more
Capital One Provides Refi on Supportive Living Facility
Capital One has provided a 35-year, fixed-rate $28.4-million HUD loan to refinance a supportive living facility in the Chicago suburb… Read more
Prologis Completes Sale of $1.1B Portfolio to Asian Investor
San Francisco-based Prologis, Inc. completed the sale of a high-quality portfolio of buildings and land in Europe and the United States, reportedly to Singapore-based… Read more
EQ Rebrands Former Warehouse as 350 N. Orleans
EQ Office has taken the wraps off its transformation of a circa-1970s warehouse that has been reimagined as 350 North… Read more
Officials Break Ground on Belt Junction Rail Flyover
Government and rail industry officials held a ceremonial groundbreaking recently on the 75th Street Corridor Improvement Project, a $474-million freight… Read more
CrossHarbor Adds Flohr as Portfolio Manager in Chicago
Investment management firm CrossHarbor Capital Partners has added Richard Flohr as managing director and portfolio manager for the company’s new… Read more
Industrial Construction Spikes Across Chicago Region
Construction in the Chicago area’s industrial market spiked in the third quarter, with a 61.1% increase over Q2’s 9.1 million… Read more
RFP Calls for Solar Installations on City-Owned Parcels
The Emanuel administration has issued an RFP to develop solar energy installations on vacant city-owned land, primarily on Chicago’s South… Read more
Brew Pub Closing Opens Up Rogers Park Space
Empirical Brewery is closing its Rogers Park Brew Pub in mid-October, leaving prime commercial space available for lease at 1330… Read more
McShane Breaks Ground on Active Seniors Apts.
A ceremonial groundbreaking marked the beginning of McShane Construction Company’s work on an active-living senior housing complex in Naperville, IL.… Read more