RE Journals - Midwest and Chicago commercial real estate news

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The good news in Chicago’s office market? Positive net absorption and plans for a new office tower downtown

Bradford Allen, in its Q2/26 Office Market Report: Downtown Chicago and Mid-Year 2026 Office Market Report: Suburban Chicago research reports, found that the downtown Chicago office market showed signs of life in the second quarter, with direct net absorption running in the positive for the first time since 2023 and plans for what may be the market’s first office tower groundbreaking in several years.

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Cushman & Wakefield: Chicago-area industrial leasing reaches highest mid-year total since 2022

In its second quarter metropolitan Chicago industrial report, Cushman & Wakefield highlighted a local market that remains fundamentally healthy and increasingly demand-driven. Chicago's industrial vacancy rate held steady at 4.8% for the third consecutive quarter, while new leasing activity reached its highest mid-year total since 2022.

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.

Principle Construction completes warehouse renovation in Hampshire

Principle Construction Corp. completed a complex warehouse renovation for POLI FILM America, Inc., at One Elgiloy Drive in Hampshire, Illinois. The project provides the protective plastic film manufacturer with a streamlined, rectangular floor plan designed to optimize their high-volume manufacturing operations.

Kiser Group negotiates sale of 11-unit mixed-use property in Chicago’s Wicker Park neighborhood

Kiser Group Senior Director Jake Parker, Partner Andy Friedman and Advisor Viktor Radzieta facilitated the sale of an 11-unit mixed-use property at 1756 W. North Avenue in Chicago's Wicker Park neighborhood for $3,880,000.

Marcus & Millichap brokers sale of four-suite retail property in Mundelein

Marcus & Millichap closed the sale of a LA Fitness-anchored, four-suite retail property in Mundelein, Illinois. The property sold for $13,976,000. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $9,783,000 in acquisition financing.

Lee & Associates negotiates purchase of 455,858-square-foot industrial building in Lansing

Lee & Associates negotiated the purchase of a 455,858-square-foot industrial building located at 16801 Exchange Avenue in Lansing, Illinois.

WareSpace acquires 71,689-square-foot industrial property in Downers Grove

WareSpace acquired 1400 Centre Circle in Downers Grove, Illinois, a 71,689-square-foot industrial property.

JLL names EVP of retail corporate services

JLL appointed Ann MacDiarmid as Executive Vice President, Retail Corporate Services, where she will serve as Transaction Management Practice Lead.

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