ELK GROVE VILLAGE, IL-First Industrial Realty Trust is working on a seven-acre site, with plans to construct a distribution building for one or two tenants.
CHICAGO-Vacancy is historically low in both the city and suburbs, though rates are expected to increase slightly in the upcoming quarter and next year.
OAK PARK, IL-Three village-owned parcels, with a total of 81,000 sf, will be developed into a mixed-use development with retail, public parking and other uses.
SYCAMORE, IL-There are commitments for about two-thirds of the business park, which is expected to have one million sf of mostly industrial space when completed.
CHICAGO-Panel experts acknowledge financing is harder to receive, but that the commercial real estate market is not in the peril the media plays it up to be.
CHICAGO-Panel experts acknowledge financing is harder to receive, but that the commercial real estate market is not in the peril the media plays it up to be.