Illinois

Hanley Investment Group arranges sale of single-tenant Amazon location in Chicago

Hanley Investment Group Real Estate Advisors has arranged the sale of a single-tenant Amazon Hub Locker+ location situated directly across the street from DePaul University…

SVN Chicago sells development site along Route 59 corridor in Naperville

SVN Chicago Commercial facilitated the sale of a 1.25-acre Retail Land/Pad Site at 24014 Showplace Drive/2643 Forgue Drive along the Route 59 Corridor in Naperville,…

33 Realty brokers multifamily investment acquisition in west suburbs

33 Realty arranged the sale of Surrey Condominiums at 106-224 Surrey Drive in Glen Ellyn, Illinois. An undisclosed buyer acquired the property for $5,425,000. Principal…

Avison Young closes 19-unit condo deconversion in Lincoln Park

Avison Young completed the sale of 317-325 W. Belden Avenue, a 19-unit condominium building located in the Lincoln Park neighborhood of Chicago. Terms of the…

Chicago Electric signs new 46,000-SF lease at Turnberry Lakes Business Center

Transwestern Real Estate Services (TRS) announced that Chicago Electric has signed a new, 46,559-square-foot lease at 865 Muirfield Drive at the Turnberry Lakes Business Center…

Net lease investment broker Nicholas Kanich joins Marcus & Millichap

Marcus & Millichap has hired Nicholas Kanich as a first vice president investments based in downtown Chicago. Kanich started his career serving net lease property…

Sterling Bay, Magellan Development break ground on mixed-use Michigan Avenue tower

Sterling Bay and Magellan Development Group broke ground on 300 N Michigan Avenue, a brand-new 47-story tower located between Millennium Park and the Chicago Riverwalk.…

Nuclear verdicts from costly property claims leads to social inflation

So-called “nuclear” verdicts have led to social inflation, or rising insurance costs due to increases in litigation. Real estate businesses can do more to minimize…

Cosentino Group to take over 46k SF at Brennan’s Elk Grove Technology Park development

Brennan Investment Group announced a long-term lease with Cosentino Group at Elk Grove Technology Park. Cosentino will occupy 46,800 square feet of a 128,550-square-foot building…

Under-construction industrial buildings in Vernon Hills hit the market

Panattoni has selected Cushman & Wakefield to market the new South Lake Industrial Center in Vernon Hills, Illinois. Panattoni will began grading in August, with…

Illinois

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