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CHICAGO-Prime Group Realty Trust's board of trustees decline to accept letters of resignation from chairman Michael W. Reschke and CEO Richard S. Curto, which were delivered by Paramus, NJ-based Vornado Realty Trust.
NAPERVILLE, IL-The western end of the East-West Corridor, which went from boom to bust along with the fortunes of the dotcom and tech industries, leads the suburban submarkets with a 21.3% vacancy rate.
CHICAGO-The plan commission recommends allowing only 800 hotel rooms in a River East area, making development unfeasible. This is half the total St. Louis-based HBE Corp. was told it could build when it paid $46 million for dirt.
CHICAGO-Just off the emerging Roosevelt Road retail corridor, a site covering parts of two city blocks could see a new Walmart built there to serve an area that has seen major residential redevelopment.
CHICAGO-Environmental remediation is required at the 26.3-acre site at 7101 S. Cicero Ave., where American Trans Air plans to build a $125-million training facility. That results in the sales price for the land being cut 11% to $13.8 million.
SCHAUMBURG, IL-Tenants have choices throughout the suburbs, but no more so than here, where the largest suburban submarket's vacancy rate soars past 20% to begin 2002. It could reach 25% here and throughout the suburbs, experts say.
CHICAGO-The economic redevelopment tool may end up costing the city's embattled school system, whose improvement is considered a key to continued revitalization, much needed property tax revenue. The move would make tax increment financing counterproductive.
CHICAGO-Hotels could be in, while multifamily rental properties, especially the higher-end and luxury product, may be out in 2002, predicts Prudential Real Estate Investors vice president of acquisitions Collete English Dixon at Grubb & Ellis' 2002 real estate forecast.
CHICAGO-It's early, but the biggest Downtown office lease so far this year is JPMorgan Chase Bank's deal for 86,000 sf at the AT&T Corporate Center/USG Building at 227 W. Monroe St., where asking rates start at $30 per sf net.
JOLIET, IL-If $1 billion can be found to build the 12-mile extension, it could pave the way for an office and residential boom between Bolingbrook and New Lenox, diversifying Will County's commercial real estate base.
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