News

Small and local retail tenants are starting to kick tires as they become attractive to landlords who were once interested in leasing to national tenants.

The demolition includes a technique that requires hardening the existing 29-year-old building's elevator shafts to create debris chutes to allow for easy removal of the structure.

The proposed 22-acre project has been stalled with the city planning board for more than a year in part over concerns about affordable housing and gentrification.

The Chicago office is the latest in a series of expansion announcements in major cities for Qualtrics, which recently announced Qualtrics Tower in Downtown Seattle and a large expansion in Dublin, Ireland.

Commercial brokerage firm CBRE reports that the firm, which specializes in commerce fulfillment, omni-channel distribution and reverse logistics, has committed to an industrial lease of 249,853 square feet at the property.

Indian Stream plans to open an Indian grocery store at the property that is located in the heart of Morris County's rapidly growing Asian community. The building is near Interstates 80 and 287 along one of Morris County's most heavily traveled retail corridors.

Savlan purchased the development from Lichtman Nass Development Group, LLC for $28 million, which calculates out to $84,337 per unit.

Rockefeller Group, a national owner and developer of real estate, has topped out its first luxury residential tower called the Rose Hill located at 30 E29th Street in the NoMad submarket.