News

Class A vacancy in the suburban region remained flat at 22.3%, however the vacancy rate in high quality, trophy assets in the suburban office market ended the third quarter at 16.6%, down 170 basis points from the same time period in 2017.

The buyer was Stockbridge, on behalf of the firm's Value Fund III, a closed-end, value-add vehicle and the seller was a partnership between Republic Urban Properties LLC and The Core Companies.

The facility in Channahon will employ approximately 500 new full-time workers. The Seattle-based e-commerce giant currently has a workforce of approximately 11,000 in Illinois.

Klaviyo becomes the largest tenant at the 495,000-square-foot boutique office building that occupies a full block adjacent to Dewey Square.

According to a report released by Cushman & Wakefield, third-quarter leasing activity totaled 25.9 million square feet, nearly half of which was concentrated in the Interstate 55 and Interstate 80 corridors, as well as southeast Wisconsin.

Tritton, a 30-year retail executive, will replace interim Bed Bath & Beyond CEO Mary Winston effective Nov.4. He will also serve on the company's Board of Directors.

The property, in the supply constrained Short Hills area multifamily market, was sold by Madison Hill Properties of Passaic, NJ.

The National Transportation Safety Board examined the role of each contractor in the construction of the pedestrian bridge at Florida International University that collapsed March 15, 2018, onto eight cars.