CHICAGO - When business executives need to decide about where to locate their companies, they navigate a decision-making process that has always been political in nature. But in today's highly polarized political world, these differences have turned into high-stakes rivalries in the commercial real estate market as states, cities and localities vie for jobs and tax revenue. Last week, the Chicago Chapter of CoreNet Global heard from World Business Chicago about business conditions.
COVINGTON, KY – Westpack, a Russian bottle decorating and packaging company, plans to establish manufacturing operations in the Latonia neighborhood. The project will create 63 full-time jobs and represents a $4.49 million investment by the firm.
VERNON HILS, IL - HSA PrimeCare will break ground March 1 on a 15,000 square foot surgery center at 240 Center Dr. The proposed $10 million treatment center is fully leased to Hawthorn Surgical Associates,
CHICAGO - HFF has hired John (Jack) A. Dudick as a director in its Chicago office. He will be a member of HFF's national healthcare practice and will focus on healthcare capital markets and investment sale transactions.
GRAYSLAKE, IL - The Boulder Group completes the $1.352 million sale of a net leased KinderCare property located in an affluent area of the Chicago MSA.
SKOKIE, IL - Command Transportation Services leases 19,000 SF of office space at 5500 West Howard St. The two-story, 60,000 SF Class A office building, owned by The Alter Group, is now 100% occupied.
EDINA, MN - Cohen Real Estate is marketing a 3.38 acre development site just outside the Twin Cities that is zoned for multifamily residential, senior housing, medical or retail uses.
CHICAGO - Kiser Group is marketing two listings in the city's south-suburban Calumet City neighborhood which include 12 units at 371-375 Yates Ave. and 17 units in two buildings at 634 Sibley and 1633 Harbor.
CHICAGO - Kiser Group is marketing three apartment property listings totaling 57 units in the suburban neighborhoods of Arlington Heights, Wood Dale and Westmont.
INDIANAPOLIS - JSQ Commercial begins construction on two new multifamily development projects in Indianapolis and Houston, part of its $36.5 million multifamily development fund.