ROCKFORD, IL-Distribution facility developer is building a 122,500-sf speculative warehouse near its hometown. Proximity to Chrysler plant and UPS hub in Rockford cited.
CHICAGO-An 11-year agreement will result in the first on-line databank of appraiser-verified commercial property information. The site is scheduled to go live in the first quarter of next year.
CHICAGO-The $1.5 billion Lakeside East project should have city hall's blessing by the end of the year, with construction starting in the spring, developer says. Reaction to the lower density, mostly residential-focused plan ranged from "it's much better" to "it's a con job" at last week's community meeting.
CHICAGO-Insurance giant plans to securitize $235-million merger-related mortgage next month. $100 million equity participation will leave Prudential with an 8% stake in the merged shopping center REIT.
CHICAGO-The John Buck Co.'s $160-million retail development will lift retail traffic in office-dominated south Magnificent Mile. City's first Nordstrom will anchor 386,000-sf of retail space.