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    The 103,987-square-foot facility is located in Elk Grove Village, Ill., and is leased by Marketplace Brands, a seasonal food gifts distributor.

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    Despite some cautionary signals, there are positive indicators that this real estate cycle has room to grow, notes David Kessler, partner & real estate practice director with CohnReznick.

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    Construction rose by a whopping 43 percent in the first half of 2017, while industry consolidation powered a $13 billion surge in mergers and acquisitions, according to a new JLL report.

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  • Meritex Snags 300 KSF Industrial Property

    1080 Park Place in Shakopee, Minn., was built in 1993 by The Opus Group and boasts full occupancy. Steve Dorff, senior asset manager with Meritex, will manage the property.

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  • New Co-Working Company Opens Irvine Office

    MODI Offices established its first location in a 20,000-square-foot building in Jeffrey Business Park. The company plans to open offices in Los Angeles, Portland, San Diego, as well as abroad in Beijing, Tokyo or Seoul.

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  • A Cautious Step Forward

    Uncertainty surrounding the political climate led to a softening in retail investment toward the end of last year, and so far, 2017 is not much better.

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  • Bay Area Office Asset Changes Hands

    Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. CBRE arranged the transaction on behalf of the seller, Oak Grove Associates.

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