Midwest
What’s Driving Suburban Office Investment in Chicago?
While CBD in-migration continues to drive office demand in the Windy City and throughout the country, a resurgence is starting to occur in some of the city’s submarkets, explains Transwestern Senior Vice President Zach Fox.
Group RMC Lands $63M for Chicago Office Purchase
JLL Capital Markets arranged the loan through Morgan Stanley, to facilitate the company’s acquisition of a three-building Class A campus in the metro’s East-West corridor.
Stan Johnson Arranges Sale of Chicago-Area Flex Building
Crystal Acquisitions paid $11.4 million for the Arlington Heights asset, which is fully occupied by two tenants: Intertek and Gigenet.
Missner Group Breaks Ground on Illinois Industrial Project
The 173,000-square-foot 88 Orchard in Aurora will be located on a 9.7-acre site and will feature 32-foot clear heights and a 12-trailer parking lot. Construction is scheduled for completion by spring 2019.
First Hilton Tri-Branded Hotel Opens in Chicago
The property includes Hilton Garden Inn Chicago McCormick Place, Hampton Inn by Hilton Chicago McCormick Place and Home2 Suites by Hilton Chicago McCormick Place.
Serendipity Labs Coming to Indianapolis
The coworking company leased 24,000 square feet in a building that is being redeveloped in Carmel, Ind., with two more locations planned for the near future.
Duke Realty to Relocate Indianapolis HQ
The 78,000-square-foot, custom-designed office building will be developed through a partnership with PK Partners and will be located in the Keystone at the Crossing submarket.
Goldman Sachs Buys 830 KSF Midwest Industrial Portfolio
Spanning six cities in Cook and DuPage counties in Illinois, the 10 properties give the company a presence in three strong Windy City submarkets.
C.H. Robinson Relocates, Expands Chicago Office
The global third-party logistics provider signed a lease to occupy more than 200,000 square feet in the new Lincoln Yards development in the metro’s Lincoln Park neighborhood.
EquiCap Arranges Sale of IN Facility
This marks the second time that the firm arranged the sale of the 83-unit property in the last two years.