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HIGHLAND PARK, IL-Boston-based BC HP Storage LP has bought the 572-unit, 56,600-sf, four-building property at 1505 Old Deerfield Road, with plans to add 42 units and 5,000 sf. Builders Bank hopes to expand lending to the self-storage sector.
CHICAGO-"Job growth will be the key to 2004. Period," is a quote that could be attributed to many of the 350-plus industry leaders interviewed for "Emerging Trends in Real Estate," by PricewaterhouseCoopers and the Urban Land Institute.
SCHAUMBURG, IL-Schaumburg-based Finch & Barry Properties Ltd. gets $102 per sf for the 38,033-sf flex property on nearly three acres at 1335-39 Basswood Dr., which was fully leased to three tenants.
FRANKFURT-Jones Lang LaSalle managing director Douglas Holouch resigns after German law enforcement authorities accused two project managers of bribery. London-based European CEO Robert Orr takes over German operations.
CHICAGO-The 445,000-sf Desert Passage retail property in Las Vegas could be the next deal announced by Trizec Properties, Inc., which aims to sell another $300 million in assets in 2004.
NORTHBROOK, IL-Investors involved in Section 1031 exchanges trade in land and multifamily assets in favor of Sunbelt buildings leased to Walgreen's, Eckerd's and Applebees in four deals totaling $11.6 million.
CHICAGO-Three law firms stay put at 500 W. Madison St., led by Bollinger, Ruberry & Garvey's61,456-sf deal and Quarles & Brady's 5,420-sf deal. Both leases included expansions.
WOODRIDGE, IL-The insurance company leases the entire 97,000-sf office building at 9022 Heritage Pkwy., developed by Schaumburg-based REM Builders as a build-to-suit. It was put on the market at $17.1 million.
BENSENVILLE, IL-US Cellular is on a long-term lease at the 86,080-sf 1101-71 Tower Lane, where it has an operations and data center. Indianapolis-based HDG Mansur Investment Services pays $163 per sf for the asset.
NORTHBROOK, IL-Morton Grove-based plastic model kit maker Revell Monogram pays $8 million for the 188,000-sf building at 725 Landwehr Rd., while $4.8 million takes the 150,000-sf Willow Hill Executive Center in neighboring Northfield.
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.
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 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