RE Journals – The Midwest’s leading source for commercial real estate news
The latest headlines from
Illinois Real Estate Journal
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Recovery for Chicago hotels may still be a long ways out

The April 19 national deadline to open vaccination eligibility to all U.S. residents 18 years and older can't come soon enough for Chicago hoteliers and those employed by the hospitality business. For more than a year, Chicago hotels have had to weather an unrelenting storm that has seen room bookings and earnings plummet.



CRE Future Leaders: Patrick Ryan of WPD Management
After several years working in property management for both small and large companies, 33-year-old Patrick Ryan quickly gained the experience necessary to become Chief Operating Officer of WPD Management. Here is his story in real estate:



What the toilet paper shortage taught us about the supply chain
COVID-19 revealed hard truths about the supply chain. Now, transportation, logistics and warehousing businesses are flocking to DuPage County, an area just west of Chicago with low population density and desirable properties, strategically located in the heart of a major freight gateway.


SVN Landmark adds broker to cover I-88 and Fox Valley markets
SVN Landmark Commercial Real Estate LLC welcomes new Senior Advisor, Brian Lindgren. As an SVN Certified Industrial Specialist, Lindgren will focus on the sale and leasing of industrial properties in the western suburbs of Chicago, particularly the greater Fox Valley and I-88 markets.

Demand for South Side multifamily properties heating up
In the last four months, Kiser Group’s Birk | Sklar team has brokered 21 buildings, totaling 380 units across Chicago’s south and west side neighborhoods. Partners Noah Birk and Aaron Sklar lead the team and anticipate this year’s momentum to continue to increase.

Leasing for upcoming development at Illinois Medical District underway
CBRE has been retained as the leasing agent by General Capital for a potential 500,000-square-foot build-to-suit development in the Illinois Medical District (IMD) opportunity zone at 1240 South Wood Street in Chicago.

Avison Young brokers sale of industrial property in Niles
Avison Young has negotiated a 149,474-square-foot industrial building sale in the Chicago market. The property, which is fully leased to Fort Dearborn Company, is at 6035 Gross Point Road in Niles, Illinois.

IMPACT Strategies managing construction of 40-bed rehab hospital near St. Louis
Encompass Health has chosen IMPACT Strategies to manage construction of a 40-bed inpatient rehabilitation hospital in Shiloh, Illinois, about a 25-minute drive from St. Louis.

Darwin/CORFAC brokers industrial sublease in Bedford Park
Darwin Realty/CORFAC International Senior Vice President Jeffrey Provenza and Associate Rollo Dace recently worked together to represent Garage Door Supplies in its sublease of 30,000 square feet at 6558 W. 73rd Street in Bedford Park.

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