RE Journals – The Midwest’s leading source for commercial real estate news
The latest headlines from
Illinois Real Estate Journal
—— * THE LEAD ——
How to design smarter apartments for a post-COVID-19 world
Few residential developers could have predicted a devastating pandemic when they planned the homes in which we’re now sequestered. Shelter-in-place orders across the U.S. to contain COVID-19 have forced many of us to negotiate dining tables, kitchen counters, sofas and even garages with our spouses, roommates, children and pets. Suddenly, our living rooms may feel unbearably small, or too dark, with no escape to focus or relax. Some of us may regret not getting a place with a porch or a balcony.



A deal 14 years in the making: Behind the scenes of Facebook’s new DeKalb data center
Last week, social media giant Facebook announced that it will build an $800 million data center in DeKalb, Illinois. This was a huge win for the state, which has often seen these types of projects land in other locations. What was different this time around?



Cicero’s Development Corp. designated an essential infrastructure service provider during COVID-19 crisis in Illinois
Cicero's Development Corp. announced that it is maintaining its regular business activities during the COVID-19 crisis, as it is considered an "essential infrastructure" service provider under guidelines issued by Illinois Gov. J.B. Pritzker that closed vast numbers of businesses statewide.


Marcus & Millichap arranges sale of Chicago building leased to state government agency
Marcus & Millichap facilitated the sale of a 38,747-square-foot, single-tenant office property located in Chicago’s West Englewood neighborhood. The asset sold for $3,450,000.

Four Chicago properties bring home a TOBY 2020 trophy
The commercial real estate industry honored 16 properties with The Outstanding Building of the Year (TOBY) Award at the first-ever virtual awards ceremony hosted by the Building Owners and Managers Association (BOMA) International. Four of those awards went to BOMA 360 Performance Program-designated properties located in Chicago.

J.C. Anderson wraps up 23,000-SF office build-out for OppLoans in Chicago
J.C. Anderson has completed a 23,000-square-foot office renovation project for OppLoans at 130 E. Randolph Street in Chicago.

Principle Construction Corp. completes spec warehouse within Bailly Ridge Corporate Center in Monee
Principle Construction Corp. recently completed an 879,040-square-foot speculative warehouse in Monee, Illinois in a joint venture with LFI Location Finders International and DeBartolo Development. The building, which was built on a 61-acre site, is just half a mile from the new Amazon e-commerce building on Monee-Manhattan Road.

Biotech startup, Vanqua Bio, signs lease at Sterling Bay’s Lincoln Park lab space
Chicago-based developer, Sterling Bay, and its life sciences division, The Labs, secured a lease with Vanqua Bio at 2430 N. Halsted. The recently redeveloped, 125,000-square-foot medical research lab is located in the city’s Lincoln Park neighborhood. Vanqua Bio plans to move into its new space at the property in January 2021.

Entre Commercial Realty represents tenant with major expansion as part of growth in PPE production
Entre Commercial Realty represented Superior Felt & Filtration (SFF) in their expansion as the company continues rapid growth in part due to ramping up PPE production. SFF has leased 75,000 square feet at 1359 Ridgeview in McHenry, Illinois.

—— * EVENTS ——
Dallas Commercial Real Estate Forecast Summit
—July 22, 2020—

Dallas Commercial Real Estate Forecast Summit



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Commercial Real Estate Forecast Summit
—July 30, 2020—

Commercial Real Estate Forecast Summit



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Post Covid-19 Economic Forecast and Business Update
—July 31, 2020—

Post Covid-19 Economic Forecast and Business Update



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The 16th Annual Medical Properties Summit 2020
—August 06, 2020—

The 16th Annual Medical Properties Summit 2020



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6th Annual Cleveland CRE Summit
—August 13, 2020—

6th Annual Cleveland CRE Summit

Windows on the River
2000 Sycamore St
Cleveland, OH

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13th Annual Real Estate Capital Markets Summit
—August 14, 2020—

13th Annual Real Estate Capital Markets Summit



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6th Annual Columbus CRE Summit
—August 14, 2020—

6th Annual Columbus CRE Summit

The Grand Event Center
820 Goodale Boulevard
Columbus, OH

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1st Annual Detroit Women in Real Estate Summit
—August 20, 2020—

1st Annual Detroit Women in Real Estate Summit

The Westin Southfield Detroit
1500 Town Center
Southfield, MI

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2nd Annual Des Moines State of the Market
—August 25, 2020—

2nd Annual Des Moines State of the Market

Sheraton West Des Moines Hotel
1800 50th St
West Des Moines, IA

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17th Annual CIP Industrial Summit
—August 27, 2020—

17th Annual CIP Industrial Summit

Digital Crossroad Data Center
100 Digital Crossroad Dr.
Hammond, IN

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1st Annual St. Louis Women in Real Estate Summit
—September 02, 2020—

1st Annual St. Louis Women in Real Estate Summit

Hilton St. Louis Frontenac
1335 S Lindbergh Blvd
St. Louis, MO

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6th Annual Net Lease Summit
—September 24, 2020—

6th Annual Net Lease Summit

University Club of Chicago
76 E Monroe St
Chicago, IL

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