Chicago

Construction will commence immediately on the speculative project with delivery expected in the second quarter of 2020. LPC is constructing two high p facilities totaling 274,855 square feet.

For Colliers it means the addition of an established four-person office capital markets team and five veteran industrial brokerage professionals. Colliers will also fold Podolsky’s 32-building, 2.1-million-square-foot property management portfolio into its existing portfolio.

North Wells is working with architect Solomon Cordwell Buenz to finalize plans for a commercial office building on the 320 W. Huron site. The plans include large floor plates and a full array of amenities.

Cresa officials note that recruiting will be a priority for Laws as Cresa has a goal of doubling its Chicago brokerage ranks in the next 36 months.

The division of Health Care Service Corp. reports it is expanding its operations and has signed a lease for nearly 130,000 square feet of space at the Marshfield Plaza Building at 1119th St. and Marshfield Ave.

MetroGroup Realty Finance recently provided financing to private investors for three separate 1031-exchange transactions involving the acquisition of four single-tenant triple-net lease assets in Illinois and Texas.