Marcus & Millichap arranges sale of Joliet apartment building
Marcus & Millichap announced the sale of a 12-unit apartment property located in Joliet, Illinois, according to Steven D. Weinstock, regional manager of the firm's…
Joliet
Seven-property Chicago industrial portfolio sells for $38M
A seven-property industrial portfolio totaling 447,059 square feet recently sold in the Chicago MSA for $38 million. Holliday Fenoglio Fowler, L.P. (HFF) marketed the portfolio…
IKEA celebrates grand opening of Midwest distribution center in Joliet
IKEA, the world's leading home furnishings retailer, opened the doors of its Midwest distribution center to serve the inventory needs of stores throughout the Midwestern…
Wight & Company earns AIA award for work on Will County courthouse
Wight & Company's vision for a new courthouse in Chicago's suburbs has been recognized by the American Institute of Architects' Academy of Architecture for Justice.…
IKEA distribution center in Joliet receives LEED Gold certification
Home furnishings retailer IKEA's Midwest distribution center under construction in Joliet, Illinois, has been awarded the Leadership in Energy and Environmental Design (LEED) Gold certification…
The short- and long-term implications for Chicago’s industrial market
For the first half of 2018, industrial remained strong in Chicago. According to Newmark Knight Frank research, the market's absorption was lower than usual and…
Strong Q1 Chicago industrial activity led by massive jump in O’Hare construction
Chicago's industrial market continues to make record strides, as tenant demand fuels strong leasing and new construction. Leasing velocity in Chicago's industrial market increased by…
Avison Young negotiates sale of four-building medical office portfolio
Avison Young negotiated the sale of a four-building, 74,422-square-foot medical office portfolio in Chicago's suburban market. The JOHA Cancer Center portfolio includes properties located in…
Meridian constructs I-80 truck terminal in I-80 Corridor
Meridian Design Build recently completed construction of a 112,500-square-foot truck terminal for CenterPoint Properties in Joliet, Illinois. The new facility is located on a 46.37…
Infill development taking over in the Chicago market
Construction starts and deliveries are down in the Chicago market for the first quarter of 2018. However, Colliers International's Chicago Industrial Construction Review outlays a…