RE Journals – The Midwest’s leading source for commercial real estate news
The latest headlines from
Illinois Real Estate Journal
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How AI is changing the day-to-day work of industrial real estate acquisitions
There is a version of commercial real estate acquisitions work that most people outside the industry never see: the hours spent pulling deal details, formatting data, and building presentation materials before any real analysis can happen. On a team tracking 50 to 70 deals a week across Midwest markets including Chicago, Indianapolis, Columbus, Cincinnati, and Minneapolis, that administrative layer adds up fast.



Making affordable housing more affordable to build
Communities across the country are working to address a growing shortage of affordable housing, yet bringing these developments to life continues to present challenges. Rising construction costs, labor shortages, higher interest rates and more complex financing structures make projects more challenging to deliver than in years past.



Crystal Lake is the clear leader for real estate business development
The City of Crystal Lake continues to grow, leading to strong retail, office and industrial real estate markets with outstanding, ongoing opportunities for growth.


Rosemont’s Conor Commercial Real Estate names vice president of development
Rosemont, Illinois-based Conor Commercial Real Estate promoted Mike Fausone to Vice President – Development.

Buffalo Grove’s PREMIER Design + Build adds executive vice president
Buffalo Grove, Illinois-based PREMIER Design + Build Group hired Ed Pitula as Executive Vice President. In his new role, Pitula will oversee operations and strategic growth throughout PREMIER’s Central Region while working closely with leadership to strengthen client relationships and expand market presence.

Essex Realty Group closes $2.25 million sale of multifamily property in Chicago’s Logan Square neighborhood
Essex Realty Group, LLC brokered the $2.25 million sale of 2027 N. Humboldt Blvd., a five-unit multifamily property located along one of Chicago's most prestigious residential corridors in the heart of the Logan Square neighborhood.

MAG Capital Partners acquires 240,000-square-foot industrial property in Chicago Heights
MAG Capital Partners acquired 1001 State Street in Chicago Heights, Illinois, a 240,000-square-foot property that serves as the primary headquarters and manufacturing facility for Applied Acoustics International (AAI), a VisTech Manufacturing Solutions business and portfolio company of Angeles Equity Partners.

Brown Commercial Group closes pair of industrial transactions in Chicago’s Fox Valley submarket
Brown Commercial Group negotiated two industrial transactions in Chicago’s Fox Valley submarket to support a landlord and tenant in leasing space.

Cabot Properties closes disposition of industrial portfolio in Minneapolis, Chicago markets
Cabot Properties closed the disposition of the North Central Portfolio, a collection of 11 modern industrial properties totaling approximately 2.5 million square feet across key industrial submarkets in Greater Chicago and Minneapolis, Minnesota. The diversified portfolio, which includes assets both developed and acquired by Cabot, was purchased by a prominent global asset manager.

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