Search Results

ROLLING MEADOWS, IL-The Oak Brook, IL-based REIT buys the 252,000-sf 1600 Golf Road here at an initial 11% capitalization rate. It is Great Lakes' fourth acquisition in the Schaumburg submarket, and the second since last summer.

HOUSTON-Dirt should be flying in two weeks on a 40,000-sf build-to-suit for Ribelin Sales Inc., a Dallas-based distributor for the commercial paint industry. Developer GSL Contractors is undertaking the project in Aberdeen Business Park.

CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.

CHANNELVIEW, TX-A commercial painting company has decided to stay put in an 11,600-sf industrial site near Houston's ship channel. Lone State Equipment Services operates a state-of-the-art paint shop for commercial vehicles.

CHICAGO-Two lease deals are completed for Downtown space. Minneapolis-based Ceridian Corp. takes 7,825 sf at 222 Riverside Plaza while Burbank, CA-based Warner Brothers takes 4,653 sf at 444 N. Michigan Ave.

HOUSTON-Nippon Oil Exploration has renewed its corporate headquarters lease. The firm occupies 18,333 sf at the class-A San Felipe Plaza. Equity Office Properties owns the prestigious 959,000-sf building in the city's West Loop.

HOUSTON-Four brokers gain senior director status at the Houston office for Cushman & Wakefield of Texas. The promotions involve brokers from every category, including David L. Chuoke who has been tapped to head up the financial services group.

CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.