Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
Chicago's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
WOODRIDGE, IL-The insurance company leases the entire 97,000-sf office building at 9022 Heritage Pkwy., developed by Schaumburg-based REM Builders as a build-to-suit. It was put on the market at $17.1 million.
CHICAGO-The gum company needed a little more space, which was not available at its namesake Wrigley Building at 401 N. Michigan Ave. It found 22,540 sf at 455 Cityfront Plaza.
BEDFORD PARK, IL-The building located on 8.2 acres at 5001 W. 66th St. will be redeveloped for use by multiple tenants after being sold by the London-based food packager for $2.35 million.
CHICAGO-In a half-dozen leases executed at the same time, an HVAC supplier represented by Cushman & Wakefield has undertaken a complex reorganization of its local distribution operations.
CHICAGO-Three buildings under construction or in the early planning stages have significant pre-leasing and anchor tenants, but it comes at the expense of older properties in a Downtown market that has suffered from job losses, professionals at RealShare Chicago noted.
WHEELING-A 43,160-sf building at 1400 S. Wolf Rd. in Corporate Square Business Park, currently tenantless, has been acquired by a new owner for $2.4 million from Podco 1660 Wolf Associates.
CHICAGO-Trizec Properties Inc. president and CEO Timothy H. Callahan says the company is not ready to put the 110-story building on the market after it assumes ownership this quarter. "That doesn't mean we won't do so at some point in time," he adds.
CHICAGO-A joint venture between the Wells Real Estate Investment Trust and Wells Limited Partnership Fund XIII pays $124 per sf for a four-story building in the Crosspoint Business Park in northeast Indianapolis.
CHICAGO-Work has begun on redeveloping over 100 acres of the enormous former U.S. Steel South Works in Chicago. The site will be home to a new Solo Cup factory by 2004; a lakefront park is also under way nearby.