RE Journals – The Midwest’s leading source for commercial real estate news
The latest headlines from
Illinois Real Estate Journal
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CORFAC members share positive deal trends, impacts of AI
CORFAC International’s survey of members earlier this year demonstrated that the commercial real estate sector as a whole and transaction activity within specific sectors are seeing growth. More than half of surveyed members experienced increased transaction activity. Because of this trend, respondents from across the global network are expressing optimism about the market’s performance and the prospects for their businesses this year.



Negative net absorption? Yes. But that doesn’t tell the full cold storage story
The U.S. cold storage market is going through a period of adjustment. And older facilities? They are struggling to keep occupancy levels high, while newer cold storage buildings are seeing steady demand.



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.


Oak Brook’s The Inland Real Estate Group names chief compliance officer
Oak Brook, Illinois-based The Inland Real Estate Group, LLC appointed Thad Ingersoll as Chief Compliance Officer of Inland’s broker-dealer and registered investment adviser.

Chicago’s Proper Title names commercial operations and underwriting manager
As its national commercial title business continues to expand, Chicago-based Proper Title, LLC hired Kerry Walsh as commercial operations and underwriting manager, adding more than 20 years of legal, underwriting and litigation experience to its growing commercial platform.

Burlington, Planet Fitness leases bring Chicago’s Joffco Square retail center to 100% occupancy
Nassimi Realty announced that Burlington and Planet Fitness have signed long-term leases totaling approximately 45,000 square feet at Joffco Square, bringing the Chicago urban retail center to 100% occupancy.

NAI Hiffman brokers 120,985-square-foot industrial lease in Bensenville
NAI Hiffman, one of the nation’s largest independent real estate services companies, today announced it represented Prologis in the full-building lease of a 120,985-square-foot distribution facility at 951 W. Thorndale Ave. in Bensenville, Illinois.

The Boulder Group closes sale of Huntington Bank branch in Buffalo Grove
The Boulder Group completed the sale of a single-tenant net-leased Huntington Bank branch at 401 Deerfield Pkwy. in Buffalo Grove, Illinois, for $2,770,000.

Avison Young marketing new-construction industrial development in Chicago’s East Pilsen neighborhood
Avison Young has been retained by Chicago developer Podmajersky, Inc., led by John Podmajersky III, to market a rare new-construction industrial development at 2100 S. Canalport Ave. in the East Pilsen neighborhood of Chicago.

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