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CHICAGO-Proceeds from the sale of a multifamily rental complex and parking garage are used to buy a 110,590-sf building in Tinley Park leased to Sam's Club and a 114,513-sf building in Trotwood, OH, leased to Wal-Mart.
CHICAGO-Selling a 12,440-sf strip center at 9100 S. Commercial Ave. was aided by a Blockbuster and laundromat being net-lease tenants, while the sale of 10721-29 S. Ridgeland Ave. in Chicago Ridge requires filling space with new tenants.
CHICAGO-The Australia-based retail giant takes over leasing and marketing of the 386,000-sf Magnificent Mile shopping center, which will be renamed Westfield Shoppingtown North Bridge. The John Buck Co. and Morgan Stanley Real Estate Funds retain majority ownership.
OAK BROOK, IL-Leasing agents for Great Lakes REIT continue to exceed the 2003 goal of 30,000 sf a month in renewals and new leases. However, occupancy across the six-million-sf portfolio is expected to dip under 80% by the end of the year.
ROBBINS, IL-The 30-year HUD-insured Section 232 loan provided by Chicago-based Cambridge Realty Capital Cos. replaces a $20-million mortgage held by American National Bank & Trust.
LISLE, IL-The Dallas-based REIT paid more than $30 million last quarter for two office buildings here, its only second-quarter acquisitions. Both buildings, totaling 184,000 sf, were fully occupied in a submarket where vacancy stands at 22.4%.
CHICAGO-Three deals totaling nearly 58,000 sf bring occupancy at 191 N. Wacker Dr. to 75%, while leasing efforts at 123 N. Wacker Dr. have pushed the figure to 88%.
CHICAGO-Besides being headed for landmark designation, an eight-story building at Madison Street and Western Avenue has a new owner who intends to redevelop it for retail and affordable multifamily rental use.
UNIVERSITY PARK, IL-Continental Refrigerated Services will take all but 50,000 sf of a 262,470-sf build-to-suit on 30 acres owned by TCB Development at Steunkel Road and Central Avenue.
GLENVIEW, IL-The National Association of Installation Developers will study this upscale suburb's redevelopment of a former Naval Air Station into a $400-million mixed-use development beginning this weekend.
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