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CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.
DETROIT-Chicago-based Equis Corp. adds Barbara A. Eaton, formerly of Colliers International, to its office here as vice president of brokerage. She will direct the brokerage activities, hire and train additional staff.
CHICAGO-Which is bad news for those locales that boasted only a few months ago that they were the centers of the tech universe. In downturns, it's nice to have eggs in a number of baskets.
ROLLING MEADOWS, IL-The Oak Brook, IL-based REIT buys the 252,000-sf 1600 Golf Road here at an initial 11% capitalization rate. It is Great Lakes' fourth acquisition in the Schaumburg submarket, and the second since last summer.
CHICAGO-LeMeridien is on target to open its 311-room hotel on North Michigan Avenue in April, the newest luxury property to hit the Downtown market. It is the largest reconstruction of a landmark fagade in North America.
CHICAGO-Two lease deals are completed for Downtown space. Minneapolis-based Ceridian Corp. takes 7,825 sf at 222 Riverside Plaza while Burbank, CA-based Warner Brothers takes 4,653 sf at 444 N. Michigan Ave.
CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.
CHICAGO-An online business-to-business e-commerce firm with the backing of Kraft, Quaker Oats, Sara Lee and the William Wrigley Co. locates its headquarters at 10 S. Riverside Plaza in the West Loop.
LISLE, IL-Not all is doom and gloom for dotcoms and tech companies in the East-West Corridor. Among recent deals announced by Colliers Bennett & Kahnweiler Inc., two of them are tech companies.
CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.