RE Journals - Midwest and Chicago commercial real estate news

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Colliers research: Supply outpaces demand in Chicago’s industrial market … but this might be changing

In 2023, the Chicago industrial market experienced oversupply relative to demand. However, in the first quarter of 2024, there has been a notable shift towards a more balanced equilibrium between industrial supply and tenant demand, according to Collier's first quarter Chicago industrial market report.

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Commercial Real Estate Hall of Fame: Colliers’ Daniel Arends

Daniel Arends
Principal, Executive Vice President
Colliers
Chicago

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.

East Peoria’s Midwest Engineering merges with Fehr Graham

Midwest Engineering, a 34-person engineering firm based in East Peoria, Illinois, merged with Fehr Graham.

NAI Hiffman represents pediatric therapy provider in its expansion in Chicago’s west suburbs

NAI Hiffman represented Hummingbird Pediatric Therapies in its expansion to a third location in Chicago’s west suburbs. Hummingbird signed a lease for 10,523 square feet within a single-story office building at 501 W. Lake St. in Elmhurst, Illinois.

Pioneer Realty Group to market redeveloped six-unit apartment building in Chicago’s Roscoe Village

Pioneer Realty Group has been named the exclusive sales representative for a newly redeveloped six-unit multifamily building featuring one commercial unit and five residential units in the Roscoe Village neighborhood of Chicago.

Cambridge Realty Capital provides $15.5 million refinance loan for seniors housing development in Algonquin

Cambridge Realty Capital Companies reports provided a $15.52 million HUD Lean loan to refinance The Pointe at Eastgate seniors housing facility in Algonquin, Illinois.

Chicagoland Commercial Real Estate closes pair of office/industrial sales in Chicago market

Chicagoland Commercial Real Estate represented seller 620 Enterprise Drive in the sale/leaseback of an 18,883-square-foot single-tenant office/warehouse building in Oak Brook, Illinois.

Cleveland’s KeyBank Real Estate Capital names Midwest regional production manager

Cleveland-based KeyBank Real Estate Capital has appointed Patrick Kempton as the Midwest Regional production manager for a team focused on multifamily lending in the Midwest region.

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