SCHAUMBURG, IL-Glenborough Realty Trust sells the seven-story, 140,196-sf building across Meacham Road from Motorola's corporate headquarters campus for $82 per sf. Later this month, Younan Properties expects to close on One North Arlington in Arlington Heights for $24 million
SCHAUMBURG, IL-Glenborough Realty Trust sells the seven-story, 140,196-sf building across Meacham Road from Motorola's corporate headquarters campus for $82 per sf. Later this month, Younan Properties expects to close on One North Arlington in Arlington Heights for $24 million
CHICAGO-Home Products International signs a 10-year industrial deal at 5501 S. Archer Ave., part of New Management Ltd.'s 1.2-million-sf Midway Business Center. Home Products is a supplier to big-box retailers such as Wal-Mart and Target.
CHICAGO-NCREIF pegs total return for Chicago office properties at 7.3%, less than half the national average, Delta Associates reports. Nonetheless, sales volume through September stood at $2.8 billion.
MOKENA, IL-TCB Development Corp. of Tinley Park pays a reported $52,700 per acre for the gum company's land at 191st Street and 88th Avenue. The property is one of three suburban sites once considered for a 300,000-sf research and production center, which was ultimately built on Goose Island.
CHICAGO-The $200-million expansion to the art museum at 111 S. Michigan Ave. will add a third floor and nearly 300,000 sf to the building. The additional square footage brings the total expansion area to one million sf.
CHICAGO-The $200-million expansion to the art museum at 111 S. Michigan Ave. will add a third floor and nearly 300,000 sf to the building. The additional square footage brings the total expansion area to one million sf.
CHICAGO-Fred Prassas, CPM, principal of PMC Management Group, assumes the top post at the 17,500-member Institute of Real Estate Management while South Bend, IN-based Robert Toothaker, CPM is president-elect. Cushman & Wakefield senior portfolio manager Regina Mullins, CPM is secretary-treasurer in 2006.
CHICAGO-Inforte Corp. moves from 150 N. Michigan Ave. to 16,102 sf at 500 N. Dearborn St. next month while Gresham Financial Management shifts to 15,000 sf at 333 W. Wacker Dr. from 123 N. Wacker Dr.
CHICAGO-A 53-acre area along the Kennedy Expressway, south of Addison Street, will have its current manufacturing zoning set in stone with a designation from the city, discouraging retail developers.