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BARRINGTON-A long-debated redevelopment of a Downtown site in this affluent northwest suburb appears on track. The James Co. and Mid-America Asset Management envision a 175,000-sf retail and office development with green space.
BOLINGBROOK, IL-The marketer of pens, pencils, markets and art supplies has a new distribution and warehousing facility at 150 E. Crossroads Pkwy. Kajima Construction Services completes the project.
CHICAGO-Despite vaults of available capital, lenders are taking cautious approaches to deals, members of the Real Estate Investment Association are told at the annual capital and finance market update.
ELGIN, IL- A 127,280-sf state-of-the-art call center on 13 acres at 777 Big Timber Road, occupied by Verizon Wireless, is being marketed by Trammell Crow Co. The owner paid $10.5 million for the property in 1997.
CHICAGO-A 124-unit apartment complex in Rockford, IL sells for $3.4 million while a 61,495-sf shopping center in South Haven, IN sells for $1.35 million. Marcus & Millichap represents buyers and sellers in both deals.
CHICAGO-The seven-story shopping center will get its first major renovation in its 25-year history. The work was driven by surveys of North Michigan Avenue shoppers, rather than competition down the Magnificent Mile.
CHICAGO-United States District Court Judge Ronald Guzman rules in favor of the dissolving REIT, which can proceed with its $226-million portfolio sale to Denholtz Management Corp. The buyer's due diligence ends March 30.
CHICAGO-Some high-ranking corporate officials here as well as national leaders in Washington, DC have the "r" word on the tip of their tongues. But one retail expert says, "I don't think things are as dire as some think.
CHICAGO-Some high-ranking corporate officials here as well as national leaders in Washington, DC have the "r" word on the tip of their tongues. But one retail expert says, "I don't think things are as dire as some think.
CHICAGO-Nearly 5,000 multifamily units, 2.4 million sf of office space, 200,000 sf of retail space, at least one hotel and an elementary school could begin to take shape on a 28-acre site this summer.