Illinois
CRG Divests Spec Industrial in St. Louis
CRG, the real estate development and investment arm of Chicago-based Clayco, finalized the sale of NorthPark Distribution Center I, a 537,753-square-foot distribution facility in… Read more
Google Plans $7B Expansion of U.S. Offices, Data Centers in 2021
Alphabet’s Google unit plans to invest more than $7 billion in offices and data centers across the U.S. and create… Read more
Construction JV Completes $100M Hotel at Navy Pier
James McHugh Construction Co. and joint venture partner Powers & Sons Construction Co. have completed the $100-million construction of Sable at Navy Pier,… Read more
City Expands Vaccine Eligibility for Most Chicagoans
Most Chicagoans will be eligible to sign up for COVID-19 vaccination appointments starting March 29, Chicago Public Health Commissioner Dr.… Read more
E-Commerce Operators Pay Premium for Coveted Airport Space
In the era of next-day delivery, third-party logistics firms, e-commerce companies and retailers are all vying for industrial space near… Read more
Skybox, Prologis Partner on Elk Grove Village Data Center
Dallas-based Skybox Datacenters has started development of Skybox Chicago I, a 30-megawatt (MW), 189,000-square-foot facility in Elk Grove Village, IL. Skybox Chicago I is… Read more
Colliers Brokers Sale of 13-Property Industrial Portfolio
Colliers International’s Orlando office has brokered the sale of a 13-property industrial portfolio in Indiana, Illinois, Wyoming, Florida and Texas.… Read more
Duke Launches Two Massive BTS Projects in Chicagoland
Duke Realty has started construction on a pair of build-to-suits totaling 1,855,620 square feet in the Chicago area. They include a… Read more
Class A Apartment Demand, Rent Growth Dovetailed Through Pandemic
Chicago’s Class A apartment market rent growth—or decline—mimicked demand patterns throughout the pandemic, Mark Ziemke, director of leasing strategy at… Read more
O’Hare Terminal Expansion Will Use View’s Smart Windows
View, Inc. said Tuesday its smart windows will be installed in the new 350,000-square-foot expansion of Terminal 5 at O’Hare… Read more
CHA, Jonathan Rose Cos. Reach Agreement on Low-Income Complex
The Chicago Housing Authority approved a contract with New York City-based affordable housing investor Jonathan Rose Cos. to subsidize up… Read more
Downers Grove Apartments Trade to HP Ventures
HP Ventures Group-Development Services LLC acquired East Village Apartments in Downers Grove, IL for $7.1 million. Kiser Group’s Ron Plonis… Read more
State Bank of TX Chooses Las Colinas Urban Center for HQ
The State Bank of Texas (SBT), a $1-billion asset full-service commercial bank currently headquartered in Dallas, finalized plans to build… Read more
Pritzker Stands By Imposition of Statewide Mask Mandate
A year into the COVID-19 pandemic, Illinois Gov. Gov. J.B. Pritzker said he has no real second thoughts about the… Read more
Healthcare Tenant Inks Sublease Deal at River North Point
Avison Young negotiated a 30,000-square-foot headquarters lease for Healthcare Information and Management Systems Society (HIMSS) in Chicago. The tenant is moving… Read more
MBIRE Will Host Virtual Summer Program for High School Students
The Marshall Bennett Institute of Real Estate at Roosevelt University (MBIRE) is hosting a virtual two-week summer program that will expose high school students… Read more
Miller Canfield’s Real Estate Group Adds P3 Veteran
Commercial real estate attorney LaVon Johns has joined Miller Canfield’s Chicago office. Johns will be a key member of Miller Canfield’s P3 (public-private… Read more
CBRE, Brennan Arranges Bensenville Industrial Deals
CBRE and Brennan Investment Group recently completed three new industrial leases totaling 118,357 square feet in Bensenville, IL within the… Read more
Downtown Chicago Office Vacancies Could Top 20%
With 21.4 million square feet of vacancy—the equivalent of about five Willis Towers—downtown Chicago has a record amount of unwanted… Read more