Chicago

Medical Office Looks Good for Buyers and Sellers

Brian J. Rogal | August 16, 2018

Public REITs have, temporarily at least, pulled back from the medical office sector, but sellers have not suffered.

Big Box Developers Having a Great Year

Brian J. Rogal | August 16, 2018

Activity has been healthy across the board, with the exception of the I-80 submarket.

News

Industrious Doubles Presence in Chicago with Assemble Deal

John Jordan | August 15, 2018

Industrious currently operates three offices in Chicago in Evanston, Fulton Market and River North.

News

Inland Private Capital Sells Medical Office Buildings in Illinois, Massachusetts

John Jordan | August 15, 2018

The company states the sale resulted in a total return to the investors of 142.10% (calculated based on the aggregate amount of original capital invested in the property).

News

First Industrial Realty Begins First Park 121 Project in Northwest Dallas

John Jordan | August 15, 2018

First Industrial will break ground this month on phase one of the park involving two rear-load facilities of 219,808 and 125,267 square feet, respectively.

Research

Medical Office Bringing In New Kinds of Investors

Brian J. Rogal | August 15, 2018

Major REITs recently slowed down their acquisitions in the sector, largely due to concerns about interest rates.

E-Commerce Companies Headed to Mid-America

Brian J. Rogal | August 15, 2018

Kansas City has become one of the go-to places for e-commerce retailers, and companies are filling up new spec developments almost as fast as builders can put up walls.

Analysis

Downtown Vacancy Moves Up In 2Q

Brian J. Rogal | August 14, 2018

Three trends are driving the Chicago office market: continued relocations to the CBD from the suburbs, the rapid growth of co-working and the emergence of former fringe locations.

Indy Industrial an Unstoppable Engine

Brian J. Rogal | August 14, 2018

National distributors look upon the region as an indispensable link in their supply chains.

Chicago's Class B Industrials Get National Attention

Brian J. Rogal | August 13, 2018

Many investors work extra hard to find properties that provide higher yields, and Chicago-area properties tend to land at the top of their wish lists.

Co-Working Heads To The Local Mall

Erika Morphy | August 13, 2018

Co-working space in retail properties will grow at a rate of 25% annually through 2023 reaching approximately 3.4 million square feet.

Chicago-Area Buyers Rewarded With Higher Yields

Brian J. Rogal | August 13, 2018

Especially valuable are buildings near dense populations, diverse labor pools and major thoroughfares.

Investors Targeting New Asset Class

Brian J. Rogal | August 10, 2018

The barriers to entry for industrial service facilities are quite high, and the vacancy rate in major markets is less than 3.0%

REITs Gearing Up for Self-Storage Acquisitions

Brian J. Rogal | August 09, 2018

Private equity has gotten quite active, but REITs like Public Storage have started third-party management businesses that will give them the inside tracks.

Midwest Downtowns Attracting Suburban Firms

Brian J. Rogal | August 09, 2018

The CBDs are now seen as great places to both work and live.

Thought Leadership

Demand for Co-Working Still Insatiable

Brian J. Rogal | August 08, 2018

The amount of space dedicated to co-working in the Chicago market has more than tripled since 2014.

Thought Leadership

Renovated Suburban Properties Filling Up

Brian J. Rogal | August 08, 2018

Spending several million dollars on renovations can attract enough tenants to fill up properties once plagued by vacancies.

Out-of-State Investors Expanding Suburban Footprints

Brian J. Rogal | August 07, 2018

Leasing activity in the metro area outpaces delivery, making it a good time to invest in many of the region’s submarkets.

News

Deutsche Finance America, BLG and Shvo Acquire Upper Floors at 685 Fifth Ave.

Betsy Kim | August 06, 2018

The partnership has purchased the vacant office space in the former Gucci Building for $135 million.

Industrial a Top Choice for Foreign Buyers

Brian J. Rogal | August 06, 2018

Years of investment activity means that available supply is low, and cities like Columbus and Memphis are seeing benefits.

Thought Leadership

Office Vacancy Plummets in Downtown Chicago

Brian J. Rogal | August 06, 2018

Tech firms should play a key role in sustaining a healthy level of downtown activity.

News

Cushman & Wakefield Raises $765M in IPO

Betsy Kim | August 05, 2018

The offering listed 45 million of its ordinary shares at $17 per share.

Research

Institutional Buyers Hit Pause on Dollar Stores

Brian J. Rogal | August 03, 2018

Dollar stores proliferated across the US as the economy sank into a recession, but instead of tapering off, demand for the sector’s cheap goods increased after a recovery took hold.

Investors Clamour for Grocery-Anchored Retail

Brian J. Rogal | August 03, 2018

Grocery-anchored centers are especially appealing if it has a hot retailer like Fresh Thyme.

Speed Is Important When Filling Big Box Retail

Brian J. Rogal | August 02, 2018

Municipalities that realize the old retail is probably not coming back can play a key role in fostering adaptive reuse.

Mega-Leases Help Drive US Office Market

Brian J. Rogal | August 01, 2018

Even though second quarter data show some signs of a slowdown, the overall picture remains quite positive.

Thought Leadership

Discount Online Shopping Days Helping Fuel Expansion

Brian J. Rogal | July 31, 2018

Last year's Amazon Prime Day brought $2.4 billion in sales, a roughly 60% boost over the previous year.

New Downtown Apartment Towers Filling Up

Brian J. Rogal | July 31, 2018

The Sinclair, the new 390-unit luxury apartment project at 1201 N. LaSalle St. in Chicago’s Gold Coast neighborhood, was 95% leased by July 1.

Industrial Users Increasingly Look to Cincinnati

Brian J. Rogal | July 31, 2018

The metro area provides access to both the Midwest and New York.

Silicon Valley Reshaping Construction Industry

Brian J. Rogal | July 30, 2018

But experts say deeper changes are also necessary for real change.

KAMCO and 90 North Deepen Midwest Portfolio

Brian J. Rogal | July 30, 2018

The Kuwait-based investment firm continues to build a portfolio in US secondary markets.

Coworking Grows in the Midwest

Brian J. Rogal | July 30, 2018

Office users throughout the region have created a lot of demand for such services.

CRE Professionals Sounding Notes of Caution

Brian J. Rogal | July 27, 2018

More than 48% said the city and state’s political and financial woes is of great significance and 38.5% ranked the significance as modest.

Middle Market Digest-The Midwest

Brian J. Rogal | July 27, 2018

The latest deals, personnel moves and trends in the Midwest region.

Thought Leadership

Young Residents and Diverse Economy Jolt Chicago Growth

Lisa Brown | July 27, 2018

In this EXCLUSIVE, Jim Carris shares his insights into Chicago’s business climate, North River Branch rezoning, notable downtown relocations including McDonald’s and if Amazon will choose Chicago.

Research

World Turmoil Having Little Impact on US Real Estate

Brian J. Rogal | July 26, 2018

CRE so far seems like it can weather the storms caused by trade wars and rising interest rates.

Suburbs Bringing In Downtown Amenities

Brian J. Rogal | July 26, 2018

Creating vibrant walkable communities is now preferred over single office buildings.

Suburban Value-Add Office Now Getting Looks

Brian J. Rogal | July 25, 2018

If young workers start moving back to the suburbs to have families, that will boost the value of properties in well-located submarkets like Oak Brook.

Event Coverage

Chicago Metro Still Solid at Mid-Year

Brian J. Rogal | July 25, 2018

Experts say the market continues to show resilience in the face of many economic, social and technological changes.

CRE Professionals See a Glass Half-Full in 2018

Brian J. Rogal | July 24, 2018

Job growth, organic business growth and the outsiders’ view of the value of Chicago real estate are positives, but higher property taxes loom.

News

Former Auto Plant Coming Back to Life

Brian J. Rogal | July 24, 2018

Logistics and warehouse users are clamouring to lease space at what had been a Chrysler plant.

Multifamily Developers Eye Downtown Student Housing

Brian J. Rogal | July 23, 2018

Adaptive reuse projects are very appealing, and colleges will look favorably on sale-leasebacks that monetize properties and preserve some student housing.

Brick-and-Mortar Retail Can Thrive In the Internet Age

Brian J. Rogal | July 20, 2018

Landlords and investors just need to perform more due diligence when leasing and buying properties in the age of e-commerce.

New Players Joining the Industrial Sector

Brian J. Rogal | July 20, 2018

CA Ventures just launched a new division that will pursue speculative development in the logistics and distribution space.

News

NXT Capital Closes $55M Loan for Cumberland Center II Acquisition

Steve Lubetkin | July 20, 2018

As previously reported by GlobeSt.com, New York-based PCCP acquired Cumberland Center II for $68.3 million in May 2018.

News

Thornton Tomasetti Creates Three New Strategic Positions

Betsy Kim | July 20, 2018

The international engineering firm appointed four executives in management, technology and quality assurance roles.

Thought Leadership

Demand for New Spec Keeps Up

Brian J. Rogal | July 19, 2018

As of the third quarter 2017, 52% of the speculative space delivered since 2013 had been leased, according to Colliers, and this figure increased to 62% by the end of June 2018.

Thought Leadership

St. Louis Industrial Surging Into 2019

Brian J. Rogal | July 19, 2018

Prices and rents keep rising, and developers plan to soon launch several large spec buildings.

Major Shifts Happening in Suburban Ownership

Brian J. Rogal | July 18, 2018

Although portions of the region suffer from high vacancy, many landlords have had success in leasing, and investors are swooping in to buy.

Suburbs Getting More TOD Development

Brian J. Rogal | July 18, 2018

Multifamily developers have focused a lot on the CBD, but the suburbs have seen strong rent growth.