Retail

The nearest significant retail corridor is five miles away, resulting in a retail occupancy rate of 98% in the corridor.

Vestar is constantly monitoring merchandise sales to determine what works and to curate a winning tenant mix.

Job growth, organic business growth and the outsiders' view of the value of Chicago real estate are positives, but higher property taxes loom.

“24-hour parking demand is increasing, commensurate with stepped-up downtown multifamily and hospitality development,” says Cushman & Wakefield's Ryan Larkin.

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.

While some sales are breaking records, overall, retail sales volumes are down $768 million throughout the state this year.

The SVAP III fund intends to primarily target grocery-anchored shopping centers, street retail, power centers and mixed-use properties in major markets across the United States.

Landlords and investors just need to perform more due diligence when leasing and buying properties in the age of e-commerce.