CHICAGO-A city-owned lot at 3839 S. Halsted St. was appraised at $140,000, but environmental remediation will cost at least $185,000. Local 4 of the International Laborers Union of America will get the 12,000-sf site for $1 to construct its $1-million building.
NORTHBROOK, IL-Shawn P. Mobley is hired to oversee 50 brokers in the firm's Chicago and Rosemont offices as executive vice president and managing director of transaction services.
CHICAGO-Houston-based El Paso Corp. sheds the 1.1-million-sf "carrier hotel" at 350 E. Cermak Rd. to reduce its debt load. Menlo Park, CA-based Digital Realty Trust expects a 9% cap rate on the former R.R. Donnelly Co. printing plant.
CHICAGO-Houston-based El Paso Corp. sheds the 1.1-million-sf "carrier hotel" at 350 E. Cermak Rd. to reduce its debt load. Menlo Park, CA-based Digital Realty Trust expects a 9% cap rate on the former R.R. Donnelly Co. printing plant.
CHICAGO-Appraisal Research Counselors reports that multifamily property sales could top $1.3 billion this year, shattering the record of $510 million set last year. Condominium converters continue to be the dominant players, monopolizing the bidding on at least one building.
CHICAGO-Appraisal Research Counselors reports that multifamily property sales could top $1.3 billion this year, shattering the record of $510 million set last year. Condominium converters continue to be the dominant players, monopolizing the bidding on at least one building.
CHICAGO-Appraisal Research Counselors reports 2,517 contracts and reservations were signed in the first three months of the year, which typically accounts for one-third of a year's total.
WOODRIDGE, IL-ECP Inc. takes two-thirds of 11210 Katherine's Crossing, one of two recently-completed speculative buildings at Wood Hill Crossings Business Park, which is expected to total 1.2 million sf when complete.
CHICAGO-David J. Neithercut, formerly chief financial officer and executive vice president of corporate strategy, already is line to replace Bruce W. Duncan as chief executive officer Jan. 2.