Cawley Commercial Real Estate combs through the headlines to provide a highlight reel with the biggest updates for Chicago commercial real estate news every quarter.
Chicago CRE News – Q2 2021
Q2 2021 Chicago commercial real estate news highlights include: the recent industrial real estate boom, several office real estate updates, and other Chicago CRE news items.
Cawley Commercial Real Estate Brokering Kennedy Expressway’s Iconic “Mural Building”
Cawley Commercial Real Estate’s office real estate team is heading the effort for brokering the sale of the “Mural Building” as the neighborhood office real estate market is gaining traction. Read More
Chicago Office Buildings Acquiring On-Site Medical Clinics
A Chicago real estate developer is working directly with a health care startup to provide on-site medical clinics at offices where people work, especially now that people are starting to return to their respective offices. Read More
Industrial Real Estate Demand Continues to Soar in Chicago, but Will Rising Costs Cut the Momentum?
BisNow Chicago covers the latest boom in Chicago industrial real estate, and whether or not the rising demand can be met or if it will maintain due to several economic factors. Read More
Legal Tech Company Confirms Expansion of Office Space in Chicago
Reveal Brainspace, a global eDiscovery software provider, needs more office space to meet the needs of its growth and new hires. It recently expanded its footprint in the Chicago Loop with a newly built office building. Read More
Ferrara, Candy Company, Opens a New Industrial Real Estate Facility in Illinois Set to Create 500 Jobs
Ferrara opens a $100 million facility in DeKalb, IL. The candy giant is set to create 500 jobs in the area with this new facility. Read More
Amazon Continues to Expand Its Footprint in Chicago with New Humboldt Park Facility
E-commerce giant, Amazon, is set to make its next big play in Chicago with the development of a new industrial facility in West Humboldt Park. This time Amazon purchased the property and plans to develop the space itself. Read More
Chicago Bears Make a Bid to Purchase Arlington Racecourse… Is It Possible They’ll Leave Soldier Field?
The owner of Arlington Racecourse put the property for sale in February, 2021. The Chicago Bears have made an offer on the space, and could be eyeing a move. Read More
Chicago Is On the Verge of Moving Upward in the Life Sciences Sector
City and corporate leaders see Chicago turning into a life sciences hub that can rival Boston and San Francisco, which have been longtime hubs for the sector. Read More
KBS Begins Renovation of Accenture Tower, A 40-Story Office Real Estate Skyscraper in Downtown Chicago
KBS, one of the largest CRE companies in the United States, began a $22 million renovation project in Accenture Tower. This will include indoor and outdoor amenities with the addition of 90,000 square feet of spec suites. Read More
Blueprint Healthcare Expands to Become Medial Office Real Estate Brokerage
Chicago-based Blueprint Healthcare Real Estate Advisors is expanding its platform into the medical office brokerage sector. The addition of medical office buildings helps it provide a wider range of services within the healthcare sector. Read More
Chicago CRE News – Q1 2021
Q1 2021 Chicago commercial real estate news highlights include: the industrial real estate market boom during the last year, Chicago office real estate demand, Amazon continuing expansion plan in Chicago, and much more.
Chicago Industrial Real Estate’s Boom Sparks Development in New Submarkets
BisNow covers the “rapid expansion” of industrial real estate in Chicago. The growth in the market has led to developments in non-traditional submarkets of Chicagoland. Read More
Chicago Wants to Bring Life Back to the Loop, Many Ideas Are on the Table
REJournals did a write up about the stakeholders of Chicago’s Loop, which has been hit hard by Covid-restrictions. One of the possible ideas to bring life back to the area is by closing State Street to street traffic in order to allow pedestrians to have more space. Read More
Demand for Office Space in Chicago Has Doubled Since the End of 2020
Office space demand in one of the country’s largest office markets is approaching pre-pandemic levels according to a recent report from View the Space. Read More
Prologis Acquires Goose Island Warehouse for $100M
Prologis made one of the largest commercial real estate transactions in Chicago this year with the acquisition of a 339K-square-foot building on Goose Island. This is part of a streak of acquisitions by Prologis in Chicago’s South Side. Read More
Two Industrial-to-Office Buildings Sell in Fulton Market
Greenstone Partners announced the sale of two properties in Fulton Market. The two sites have over 75,000 square feet of land and 83,000 square feet of current leasable space. Read More
California-Based Life Sciences Firm Moves Headquarters to Chicago
BizJournals covers the relocation of a California life sciences startup relocating its HQ to Chicago, specifically in Sterling Bay’s new life sciences facility in Lincoln Park. Read More
Amazon Expands Chicagoland Presence
The e-commerce company is set to occupy space at the North Avenue Commerce Center in Winfield, Illinois. It will occupy 215,550 square feet of the 265,550-square-foot space. Read More
Brookfield Properties Inks Deal for Chicago Distribution Center
Brookfield Properties acquired a 41,000-square-foot distribution facility from Daytona Street Partners. The industrial asset is fully-leased by Johnstone Supply and Goodman Manufacturing. Read More
Chicago’s Top Three Industrial Submarkets in 2020
REJournals covers the latest reports by Colliers International Chicago that highlighted the top three submarkets in Chicago for industrial real estate in 2020. Read More
Industrial Developers Set New Records for Construction in Late-2020
Industrial real estate developers set records with the construction of the most square footage being added to the industrial real estate market in a quarter in Chicago. Read More
New Comprehensive Guide for Net Lease Development Released
15 Questions and Answers for Net Lease Development released with a complete list of details to cover, particularly if you are a CRE investor looking into NNN investments. Read More