CHICAGO-Cushman & Wakefield takes over the reins of CalEast Industrial Investors' 1.2-million-sf suburban portfolio while Grubb & Ellis will lease the remaining 70,000 sf at ORIX Real Estate Equities' Pointe O'Hare I, as well as a second 330,000-sf building slated for next door.
BEDFORD PARK, IL-The deal with Arnold Logistics, LLC fills the 407,000-sf industrial building at 5100 W. 70th Pl. The tenant also has operations Downstate in Champaign, as well as Columbus, OH; Dallas and central Pennsylvania.
CHICAGO-Fire commissioner Cortez Trotter praises LaSalle Bank employees and building management at 135 S. LaSalle St. for a relatively orderly evacuation, and lack of fatalities, during Monday night's 29th-floor fire.
CHICAGO-At least one floor in the 1.4-million-sf, 45-story concrete and steel building is gutted. The city council's building committee has an ordinance requiring commercial high-rise buildings be retrofitted for sprinklers over the next 12 years on its Friday agenda.
CHICAGO-Appraisal Research Counselors projects 6,046 condominiums and townhouses will be delivered to the Downtown area market this year, shy of the 1999 record, with another 5,735 coming next year. Meanwhile, sales are threatening to break the record set in 2000.
CHICAGO-The former 70,000-sf Heick Die Casting plant across the street from the Brickyard Mall is sold for $2.7 million and rezoned for residential redevelopment of about 100,000 sf.
OAK BROOK, IL-The 93,024-sf Winchester Commons Shopping Center, anchored by a 59,670-sf Kroger grocery store, becomes the third Tennessee property in Inland Western Retail Real Estate Trust's portfolio.
SKOKIE, IL-Occupancy was 55% when Podco Concourse LLC paid $18.4 million for the Concourse Office Plaza at Golf Road and Skokie Boulevard in early 2003. While focusing on small tenants, Podolsky Northstar CORFAC International has filled more than 100,000 sf.
NAPERVILLE, IL-The commercial real estate firm buys 263 Shuman Blvd. from Bank One for $41 per sf, and hopes to lease the entire 344,000 sf as the economy picks up.
ROSELLE, IL-Sternberg Vintage Lighting pays $41 per sf for 555 Lawrence Ave., which includes 5.82 acres, 50,000 sf of office space as well as 100,000 sf of showroom space.