News - Chicago

  • T5 Adds Second Tenant to Chicago Facility

    Two tenants have already occupied a major portion of the upcoming data hall expansion. The Chicago metro features low data center vacancy rates, while more enterprises seek to migrate IT operations to specialized, purpose-built facilities.

    11 January 2018 18:46
  • Equity Office Offloads Suburban Chicago Asset for $47M

    The recently renovated five-story office building features 275,000 square feet of space and serves as the corporate headquarters for Essendant.

    11 January 2018 13:05
  • Avison Young Chicago Hires 2 New Principals

    Chris Lydon and Chris Tecu will work as a team focusing on industrial brokerage services and will be based in the firm’s office in Rosemont, Ill.

    11 January 2018 12:53
  • Construction Manager Selected for Obama Center

    Lakeside Alliance is a joint venture consisting of Turner Construction Co., Powers & Sons Construction, UJAMAA Construction, Brown & Momen and Safeway Construction.

    11 January 2018 12:42
  • Upgraded IL Country Inn & Suites Opens Doors

    The 119-key hotel is located in Hoffman Estates, near Chicago O’Hare International Airport and Sears Centre Arena. Its guest rooms, business center, fitness center, lobby and exterior were renovated.

    10 January 2018 16:12
  • Electrolux Renews IL Warehouse Lease

    The global appliance leader renewed its lease with Duke Realty for the 965,183-square-foot Midpoint Distribution 801, located in Minooka, Ill.

    10 January 2018 14:27
  • Avison Young Brokers 638 KSF Chicago Industrial Deal

    The three assets making up the portfolio are located in Arlington Heights and Bridgeview, Ill., and were sold by a Chicago-based institutional pension fund advisor.

    05 January 2018 14:11
  • Slate Office REIT Snags $86M Chicago Asset

    The company purchased 20 South Clark St., a 31-story office complex located in Chicago's Central Loop submarket. The asset is LEED Silver certified and transit-oriented.

    05 January 2018 11:49
  • Inland Real Estate Closes IL Retail Portfolio Deal

    All retail properties are Jewel-Osco stores located in Arlington Heights, Glenview, Naperville and Stickney, Ill., totaling 248,622 square feet.

    05 January 2018 08:26
  • Talonvest Secures $27M to Finance 3 Acquisitions

    The company secured three separate bridge/acquisition loans for two Chicago facilities and a three-property portfolio in Western Michigan on behalf of Devon Self Storage.

    04 January 2018 22:23
  • Plymouth Industrial REIT Expands Chicago Footprint

    The acquisition of a fully leased industrial property brings the company’s holdings to 22 buildings in the greater Chicago area.

    04 January 2018 22:00
  • SUS America Expands Chicago Operations

    The machinery developer and producer leased a 22,500-square-foot space within the Regent O’Hare business park, marking NAI Hiffman's 10th deal at the property.

    04 January 2018 15:42
  • Inland Real Estate Closes Chicago MOB Acquisition

    The Edward-Elmhurst Health Center is a 13,000-square-foot medical office building, which features 10 exam rooms, one procedure room, one endoscopy suite and four pre- and post-recovery rooms.

    03 January 2018 14:56
  • Real Estate Financing: What to Expect in 2018

    Essex Realty Group’s Douglas Fisher summarizes the evolution of the real estate market in 2017 and sets the direction for the coming year.

    27 December 2017 18:22
  • Chicago Makes Room for More Growth

    The metro continued to attract companies looking to relocate or expand, producing job gains in high-paying sectors, including financial activities. The city was slated to add some 9,000 multifamily units to its inventory in 2017, marking a post-recession high.

    21 December 2017 17:14