Midwest
Chicago’s Legal Sector Contracting Office Space
Since 2016, approximately 70 percent of the large Chicago law firms that completed lease transactions downsized, according to 2018 CBRE research. Senior Vice President David Mahoney talked with CPE about the impact of this trend on the metro’s office market.
Alliant Energy to Invest $1.8B for Wind Energy in Iowa
The energy company has received approval to expand its wind energy capacity in the state by 1,000 megawats by 2020, enough to power 430,000 Iowa homes.
Community Healthcare Acquires 4 MOBs in Suburban Chicago
Avison Young negotiated the four-building portfolio deal on behalf of the seller, a partnership of physicians associated with Joliet Oncology-Hematology Associates.
Ambrose Finalizes Purchase of Indianapolis Former GM Plant
The company plans to develop a new district on the site which will include office, retail and residential space, as well as a hotel and several public recreational places.
Hilton Opens 3 DoubleTree Hotels
The company unveiled properties in Helena, Mont., Phoenix, and St. Paul, Minn., totaling 551 keys. Guest amenities include pools, meeting space and fitness centers.
Chicago’s Industrial Corridor Renaissance
The North Branch Industrial Corridor is part of local authorities’ Industrial Corridor Modernization Initiative, a multi-year effort to review the city’s designated industrial areas. Baker Development Corp. Principal Dan Slack spoke to CPE about how the rezoning impacts development along the Chicago River.
CBRE to Relocate Memphis Office
The firm’s new space, containing more than 10,000 square feet, is nearly 50 percent smaller than its current location, nearly five miles to the southwest.
First Dolce Hotel Opens in Cincinnati
The Summit, which was developed on the former site of the NuTone door chime factory, anchors the $124 million mixed-use project on the Medpace campus.
CBRE Brokers First Chicago-Area Lease for iHerb
The 257,344-square-foot distribution center is located in Elgin, Ill., and adds to the other facilities that the retailer occupies in California, Kentucky and Pennsylvania.
HSA Commercial Sells IL Warehouse
The 218,500-square-foot facility represents the first phase of the Delany Commerce Center and is fully leased to Eagle Foods and Trifinity Partners.