Illinois
CBD Office Shines, But Suburbs Hold Their Own
Urban job creation is fueling downtown Chicago’s office market, as major corporations continue adding high-wage jobs to the area, Marcus… Read more
Brennan Signs First Tenant at Elk Grove Tech Park
Brennan Investment Group has signed a long-term lease with Broetje-Automation as the first tenant of the Elk Grove Technology Park… Read more
O’Hare Will Reap Cost Savings from Canceled City Borrowings
Mayor Lori Lightfoot on Thursday canceled $1.4 billion in short-term borrowing programs. The termination of the lines of credit and commercial… Read more
Despite Delays, Industrial Development Doesn’t Flag
Rain delays don’t affect only the starting times of baseball games. The wet spring that the Chicago region has experienced… Read more
Edens Corridor Sees One of Its Biggest Leases
Cushman & Wakefield represented ownership in the long-term lease of 202,259 square feet of industrial space to CubeWork, an office and warehousing… Read more
JPMorgan Expands Investment in Detroit’s Economy
JPMorgan Chase will expand its investment in Detroit’s economic recovery, committing to reach $200 million by the end of 2022.… Read more
KDC Launches Build-to-Suit for Sammons HQ Relocation
KDC has commenced construction on Sammons Financial Group’s new corporate headquarters in West Des Moines, IA. The 215,000-square-foot build-to-suit facility… Read more
Loop Alliance Will Spotlight Hilton Hotels’ Dean Lane
The Chicago Loop Alliance Foundation will honor Dean Lane, area general manager of the Hiltons of Chicago and the Palmer House, with its Illumination… Read more
First Western Closes Deal for Edgewater Apartments
First Western Properties has arranged the sale of a two-building apartment property in the North Side’s Edgewater neighborhood. The 76-unit… Read more
InvenTrust Taps Green Street’s Busch as CFO
InvenTrust Properties Corp., based in Downers Grove, IL, has named Daniel J. Busch (pictured) as EVP, CFO and treasurer, effective… Read more
Brennan, Arch Street Form 8th Industrial JV
Brennan Investment Group and an institutional client of Arch Street Capital Advisors have formed their eighth joint venture to acquire,… Read more
Clune Promotes 11 to SVP, VP in Chicago Office
Clune Construction promoted 11 employees in its Chicago office to executive-level positions. Chris Franz, Andrew Hoppe, Dino Pastore and Jeremy Stanek… Read more
CRE and Employment Impact of AbbVie/Allergan Deal is Unclear
The economic and real estate implications of North Chicago, IL-based AbbVie’s $63-billion acquisition of rival drugmaker Allergan aren’t yet clear.… Read more
Milwaukee Investor Adds Downstate IL Industrial Trio
Milwaukee-based Phoenix Investors acquired three downstate Illinois industrial properties totaling 1.8 million square feet for an undisclosed sum. They include… Read more
Auburn Gresham Low-Rise Finds Buyer
Marcus & Millichap’s James Ziegler and Keith Zelenika arranged the sale of 7801 S. Ashland Ave., a 15,600-square-foot mixed-use property… Read more
Bridge Development Tallies 880K SF of YTD Leases
Bridge Development Partners has signed a total of 880,000 square feet of leases across Chicagoland year to date. These deals occurred in… Read more
Singerman Real Estate Readies Move to New Mag Mile HQ
Private equity firm Singerman Real Estate has retained Clear Height Properties’ project and development services division to oversee tenant improvements… Read more
EPA Targets O-Zones for Cleanup
The Environmental Protection Agency (EPA) has targeted 149 communities to receive $64.6 million in funding for brownfields, assessment and cleanup… Read more
Skender Handles Build-Out for Corix’s West Loop Offices
Skender, serving as general contractor, recently completed the 30,000-square-foot interior build-out at 500 W. Monroe St. for Corix Group of… Read more