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MELROSE PARK, IL-The liquidation and closeout specialists renew a 130,000-sf deal at 2000 George St. and take another 80,000 sf at 1750 N. 25th Ave. The commitments total $4.2 million.
WILLOWBROOK, IL-The distributor of scientific equipment and laboratory supplies buys a 49,144-sf building in Morgan Realty Partners' Madison Business Park. Principal Financial Group had the building on the market for $3.7 million.
CHICAGO-The 25 Mervyn's stores located at General Growth Properties malls represent "very good and valuable real estate," according to chief executive officer John Bucksbaum. Meanwhile, the second-largest US retail REIT has $471 million of redevelopments in the works.
BOLINGBROOK, IL-Jet Lithocolor signs a 50,388-sf lease at 850 Remington Blvd. here while Genin Trudeau takes 34,505 sf at 10430 Woodward Ave. in Woodridge and Fidelis Packaging 25,396 sf at 2401 Internationale Pkwy., also in Woodridge.
LINCOLNSHIRE, IL-Glenview-based Rafti Properties LLC is in line to pick up the 121,671-sf Lincolnshire Town Center at Milwaukee Avenue and Old Half Day Road in this far north suburb for $17.6 million next month.
CHICAGO-CB Richard Ellis promises to "return the original luster and international prominence to the Sears Tower," now owned by New York-based 233 S. Wacker LLC. However, Trizec Properties Inc.'s leasing efforts kept three 100,000-sf-plus tenants at the 110-story building, and occupancy above the West Loop market at 89%.
CHICAGO-The long-time independent, regional investment banking firm moves from 135 S. LaSalle St. to 35,000 sf in the 1.1-million-sf West Loop building connected to Union Station.
CHICAGO-"We are in the get-the-answer mode," says president and chief executive officer David W. Duncan, whose company's questions center on how to improve tenant retention, pricing and procurement.
STREAMWOOD, IL-Preferred Development pays $1.2 million for 3.2 acres at the southwest corner of Route 59 and Sarasota Trail, where it will build a branch for LaSalle Bank, with additional space to follow.
MUNDELEIN, IL-The 192,000-sf industrial building at 225 W. Hawley St. fetches a reported $5 million from Sigma Services Corp., which will move from much smaller quarters at 13820 Business Center Dr. in nearby Green Oaks.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
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Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource