RE Journals - Midwest and Chicago commercial real estate news

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Big tech returning to the office — on its own terms

The office market’s recovery has been uneven since the pandemic disrupted workplace norms. Yet one group of tenants is sending a clear message about the future of office space: Big Tech still values the office, but it wants fewer buildings, better locations and higher-quality workplaces.

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Not all industrial markets are created equal: The country’s top 25 industrial hubs are gaining strength

After years of rapid development and shifting market conditions, the U.S. industrial sector appears to be entering a new phase, one marked by improving fundamentals, rising demand and a more balanced supply pipeline.

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.

JLL names industry veteran to lead workplace management business

JLL appointed Chris Fernandez to lead its Workplace Management (WPM) business across the Americas, where he will oversee teams, enhance operational performance and deploy future capabilities to accelerate growth.

Lee & Associates brokers 442,601-square-foot industrial sale in Elgin

Lee & Associates closed a $24.8 million sale transaction for a 442,601-square-foot industrial building at 1717 Gifford Drive in Elgin, Illinois.

Essex Realty Group brokers sale of 32-unit apartment building in Evanston

Essex Realty Group, LLC closed the sale of 718-724 Hinman Avenue, a 32-unit vintage courtyard apartment building in Evanston, Illinois.

Lee & Associates closes 42,169-square-foot industrial lease in Bolingbrook

Lee & Associates negotiated a 42,169-square-foot industrial lease renewal at 1325 Remington Blvd. in Bolingbrook, Illinois.

Peerless Development begins pre-leasing at 1880 N. Milwaukee apartment development in Chicago

Peerless Development today announced the start of pre-leasing at 1880 Milwaukee, a new boutique apartment community at 1880 N. Milwaukee Ave. in Chicago’s Bucktown neighborhood.

SVN|Chicago Commercial brokers sale of 18,000-square-foot industrial property in Chicago

SVN|Chicago Commercial closed the sale of an 18,000-square-foot industrial property at 3450 N. Kostern Ave. in Chicago for $1.433 million.

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