Illinois
Coalition of Chicago businesses files lawsuit opposing transfer tax referendum
BOMA/Chicago and a cross-section of associations and companies representing contractors, developers, investors and commercial office, multifamily and retail industries last week filed a lawsuit against…
Marcus & Millichap closes sale of 30,000-square-foot industrial property in Wheeling
Marcus & Millichap brokered the sale of 200 E Marquardt Drive, a 30,000-square-foot industrial property in Wheeling, Illinois. The asset sold for $1.9 million. Dylan…
Inland purchases majority interest in Devon Self Storage Holdings
Oak Brook, Illinois-based Inland Real Estate Group of Companies, Inc. will purchase a majority interest in the business of Devon Self Storage Holdings, one of…
Interra Realty brokers $10.4 million sale of mixed-use property in Berwyn
Interra Realty brokered the $10.4 million sale of reVerb Century Station, a mixed-use property in Berwyn, Illinois. The transaction came in at a record price…
Prologis vice chairman retires
Prologis vice chairman Gene Reilly retired at the end of 2023, but will continue to serve the company as a senior advisor through April of this…
Colliers research: 32 new industrial buildings delivered in Chicago market during fourth quarter of 2023
A surge in development hit the Chicago-area industrial market during the final quarter of 2023, with 32 new buildings reaching completion, according to Colliers' fourth…
Brennan Investment Group acquires seven industrial buildings in Chicago market
Brennan Investment Group has acquired seven industrial buildings in Wood Dale, Illinois. Situated on 12.5 contiguous acres in the heart of Chicago's O'Hare submarket, the…
Cushman & Wakefield: Muted demand, sluggish construction mark the end of industrial’s busy 2023
It's still one of the darlings of today's commercial real estate market. But as 2023 drew to a close, the U.S. industrial market sputtered slightly.
Continuum Advisors negotiates sale of 818-unit seniors housing property in Chicago suburb
Continuum Advisors closed the sale of Friendship Village of Schaumburg in the Chicago suburb of Schaumburg, Illinois. Spanning more than 60 acres, Friendship Village offers…