Chicago

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

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

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

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.

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

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

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

Renewable energy offers an exceptional opportunity to not only reduce consumption of GHG-producing fossil fuels, but also to achieve immense cost savings.