Chicago

Secaucus, NJ-based Hartz Mountain has previously stated while in contract for the property that it plans to demolish the more than 413,500-square-foot complex and develop warehouse and distribution space at the site.

Hyatt reports that the acquisition consists of a base purchase price of $480 million, with the potential for Hyatt to invest up to an additional $120 million.

The suburban migration downtown has slowed, but CBD activity was still high in the third quarter.

The brokerage firm reports that Susan Tjarksen, Todd Stofflet and Jason Stevens joined C&W as managing directors on Oct. 1 and are now based in the firm's office at 225 West Wacker Drive.

Midwest cities are especially attractive to buyers looking for mega-deals.

The acquisition will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD's unique university partnerships—to JLL's specialized technology solutions team around the world.

Vacancy has fallen, new development remains disciplined, and out-of-state investors want to buy in Chicago.

All sectors of the industrial sector, including distribution and manufacturing, are exhibiting real strength in the metro area.