RE Journals - Midwest and Chicago commercial real estate news

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Former religious buildings could be blessing for multifamily investors

As cities look for ways to add housing and investors seek compelling multifamily opportunities, former houses of worship are emerging as a small but distinctive corner of the adaptive reuse market.

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Developers remain cautious as new industrial development cycle arrives

The U.S. industrial real estate market is showing signs of a new development cycle, but developers are approaching this next phase with greater caution after years of construction that left many markets struggling to absorb new supply.

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.

Logistics Property Company closes on 716,318-square-foot industrial property in Romeoville

Logistics Property Company, LLC closed on a 716,318-square-foot institutional-quality building in Romeoville, Illinois.

IMPACT Strategies breaks ground on film, TV production campus in Wood River

IMPACT Strategies, Inc. broke ground on Hollywood River Studios, a new film and television production campus in Wood River, Illinois.

Davis acquires two-building outpatient medical portfolio in the Quad Cities

Davis acquired a two-building outpatient medical portfolio occupied by ORA Orthopedics in the Quad Cities metropolitan area. The Class-A portfolio totals 51,856 square feet across properties in Davenport, Iowa and Silvis, Illinois.

Marcus & Millichap brokers sale of self-storage facility in Rockford

Marcus & Millichap closed the sale of 3720 E. State St., a self-storage facility and retail center in Rockford, Illinois.

The Missner Group acquires 2.87-acre industrial outdoor storage site on Chicago’s Southwest Side

The Missner Group acquired 3106 S. Homan Avenue, a 2.87-acre industrial outdoor storage site on Chicago's Southwest Side.

Oakbrook Terrace office of Lee & Associates promotes industry veteran to principal

Oakbrook Terrace, Illinois-based Lee & Associates of Illinois promoted Tony Russo from Executive Vice President to Principal.

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