Commercial Real Estate News 

Who's building, buying or selling in Chicago?
Connexion's Commercial Real Estate news is your source for Chicago and midwest regional commercial real estate news and trends. Activity in the commercial real estate sector has a ripple effect in the building trades whether it's someone breaking ground or looking to improve their space. In addition to our featured posts, get even more Chicago and midwest real estate news from our dynamic news feeds found further below this page:



RE Journals

Crain's Chicago

National Real Estate Investor

Yo Chicago

Wednesday, 08 September 2010

New York-based TMP Worldwide Advertising & Communications, an independent recruitment advertising agency, has leased 15,685 square feet, the full 31st floor at 444 North Michigan. The building, represented by Lenora Adds of Cushman & Wakefield, has signed 38,476 square feet of deals since the second quarter of this year.

Previously a subtenant, TMP has expanded to accommodate its growing staff with the addition of 20 new employees.

In other recent transactions, Monster Worldwide Inc. re-upped for 8,385 square feet. Anthony Karmin of Transwestern represented the tenant, parent company of jobs resource website Monster.com.

Joining the tenant roster, VerveLife, a digital entertainment company represented by Konstantine T. Sepsis and Daniel J. Nikitas of MB Real Estate, signed a 4,683-square-foot office lease at 444 North Michigan.

Accounting firm Leavitt Siegal signed a 2,253-square-foot lease negotiated by Josh Lapins of ForeFront Properties. Brian Poe and Michael Wolfson of Marc Realty arranged a 2,245-square-foot transaction for shopper engagement and solutions firm Lunchbox, while Ross Cosyns of Prudential Rubloff Properties represented energy efficiency and sustainability consulting firm Integrated Resource Solutions in a 2,163-square-foot lease.

Additionally, Brailsford & Dunlavey relocated its Chicago office to 2,025 square feet at 444 North Michigan. Steven R. Goldstein of Chicagobroker.com represented the Washington-based facility planning and program management firm in the deal.

Source: REJournals

POSTED BY: Connexion AT 03:46 pm   |  Permalink   |  0 Comments  |  E-mail this
Comments:

Post comment:
Name:
 *
Email Address:

Message: (max 750 characters)
*
Verify image below:
*
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

National Real Estate Investor 
 National Real Estate Investor 
Real Estate News From RE Journals 
 REJournals.com 
The popularity of flexible office space is growing in Chicago, and companies such as Regus are capitalizing on the opportunity.
Expect a busy year in the multi-family market in Minneapolis/St. Paul.
Southfield, Mich.-based Signature Associates recently negotiated the lease of 27,806 square feet of industrial space in the Sterling Ponds Court business park in Sterling Heights, Mich.
2/3/12 The Habitat Company LLC has appointed Matthew Fiascone as its senior vice president of finance and investment. Fiascone will direct the creation and implementation of its investment and financing strategies for its acquisition and development activities.  In December, The Habitat Company concluded development and acquisition transactions having a total value of close to one-quarter [...]
The Cincinnati-Northern Kentucky chapter of NAIOP has appointed a new Board of Directors for 2012.
Zachary Sogoloff and Michael Solomon, agents with Goodman Real Estate Services Group of Cleveland, recently completed a deal representing Golfsmith, the nation’s largest golf retailer, in the company's first Northeastern Ohio location.
Will recent cases in Michigan change the scope of liability under "bad boy" guaranties? And what implications do all the parties in real estate transactions face because of this?
Like most Midwest cities, St. Louis suffered through its share of pain during the Great Recession and its painfully slow recovery. Today, though, the city appears to be on the rebound. And that includes its commercial real estate market. Midwest Real Estate News recently spoke with Piers Pritchard, a vice president and principal at the St. Louis office of Cassidy Turley. Pritchard had plenty of positive news to share regarding this Midwest city’s commercial real estate market.
J.C. Anderson Inc. has announced that the firm has recently completed a 19,348-square-foot build-out of new office space for the Civic Committee of The Commercial Club of Chicago within the Chase Tower, located at 21 S. Clark St., Chicago.
Summit Design + Build LLC has announced the firm’s recent completion of Wild Monk, an American gastropub pairing craft beers and microbrews with high-quality food, at 88 S. La Grange Ave. in La Grange.
Chicago Real Estate News from Crain's 

 Chicago Real Estate Daily News 
(Crain's) — Move prompts lawsuit almost three years after a Daley nephew quits firm amid controversy.
(Crain's) — Also, the sale of the Echelon at K Station apartments closes and a mixed-use building in the West Loop sold for $2.65 million.
Chicago Real Estate News from Yo Chicago 
 YoChicago 
Chicago homes sales experienced their typical fourth quarter slump at the end of 2011, settling to about 7,600 houses and 4,500 condominiums and townhomes sold within the city between October and December. Fourth quarter sales have typically been lower than third quarter sales in the last five years, and this year was no exception. Total [...]
Several months ago we opined that Apartments.com, a national site owned by a group of major newspapers, was the stand-out choice for renters searching for larger apartment complexes and high-rises along Chicago’s lakefront. It earned that distinction by having a large cohort of advertising properties and serving up a great deal of useful information about [...]
Residents of Oakwood 200 Squared, 210 N Wells St, enjoy an enviable commute to work in Chicago’s Loop – often a 5-minute or less walk away. That’s a priceless convenience at a time when work seems to consume an ever-growing part of the waking day. The short commute frees up time to take the dog [...]
You’re in a time warp as you pass through the tiny Village of Wayne along Army Trail Road. Except for the cars, the scene isn’t much different than it would have been 100 years ago. The traffic slows to observe a 25 mile an hour limit, and the entire pace of life seems to slow [...]
There are “glorious changes coming our way,” according to a video recently posted at YouTube on behalf of the Salvation Army’s Lincoln Park thrift store. Proposals for the redevelopment of the Salvation Army’s 4-acre site at 2258 N Clybourn recently passed zoning and Plan Commission hurdles. Demolition of parts of the existing facility is scheduled [...]
Chicago streets are lined with contrasts. Neighborhoods offer an architectural smorgasbord of styles, and each style tells a story of the era in which it was built. Hundred-year-old courtyard buildings exist comfortably next to the striking lines of a contemporary single family home. A six to one ratio If you look specifically at Lincoln Park, [...]
Dennis Rodkin recently visited a Victorian home on the 2000 block of Seminary, in Lincoln Park‘s DePaul neighborhood, and recounted some of its early and more recent history: Built in 1861 as the farmhouse for a truck farm that delivered its produce into Chicago, the house still has several of its original elements. The ornate [...]
A full-floor 6,000 square foot home just became available at 1555 North Astor St in the Gold Coast. It’s offered for sale at $5,400,000 and for rent at $20,000 a month. The 41st floor home has a sleek modern look, 4 bedrooms, 4 full and 2 half baths, 360-degree views of Lincoln Park, Lake Michigan [...]
The 2,400 square foot, 3-bedroom, 3 1/2 bath townhome at 1827 N Sheffield in Lincoln Park‘s DePaul neighborhood is unusual in a number of ways, not the least of which was its $449,000 list price. The home is owned in fee simple – no association, no monthly dues. It has a garage, a variety of [...]
Yesterday CoreLogic issued a news release for its December Home Price Index (HPI), providing a look at full-year 2011 price changes: The CoreLogic HPI shows that including distressed sales, home prices in the U.S. decreased 4.7 percent in 2011 compared with December 2010. This year-end report shows that home prices continued the trend of year-end [...]
The news release just came across our virtual desk: CHICAGO – (February 2, 2012) Chicago-based Fifield Companies and its joint-venture partner, Pacific Life Insurance Co. of Newport Beach, Calif., have announced the sale of Echelon at K Station, a Class A luxury apartment building in Chicago’s West Loop. Miami-based developer Crescent Heights purchased the 350-unit [...]
With any luck you’ll never participate in a pickup game like the one pictured above at the Metropolitan Correctional Center in downtown Chicago. Harry Weese, the building’s architect, was in his own words, “a man ten years ahead of a time that never comes.” A Chicago Magazine article is a storehouse of great Weese anecdotes, [...]
Here’s a good test of what you prioritize and value in your next apartment. Consider a convertible studio and a 2-bedroom, 2-bath in two different buildings in the same location at the identical rent. Some will opt for far more space and an extra bath, some for the sexy architecture and the scene at a [...]
Noah Properties may be the hottest homebuilder in the city of Chicago these days. Homes by Noah have been selling almost as quickly as they hit the market. Until recently, they were only listed for sale when they were completed and move-in ready. The demand for Noah Properties’ homes has led Sergio & Banks’ Melissa [...]
When I saw the picture of this home in today’s new listing email I knew I had to visit the site. I can’t recall ever having seen a Spanish Colonial style home in Lincoln Park before — or anywhere in Chicago’s Near North lakefront neighborhoods. Judging from the MLS pictures the Spanish Colonial theme is [...]
Bellevue Place in the Gold Coast stretches from State St to Lake Shore Drive. It’s basically a single long block book-ended by Tavern on Rush and Gibsons on the west and Oak Street Beach on the east. Anyone setting out to select Chicago’s best blocks would have to consider Bellevue Place a contender. The tree-lined [...]
The SoNo East RENT NOW sign on the SoNo condo tower is pretty hard to miss, but I don’t recall seeing it before yesterday. The windows haven’t been installed yet on the top two floors of SoNo East, an indication that “RENT NOW” means “move in six months or more from now.” The website for [...]
The following market update arrived via a news release from RE/MAX Northern Illinois: The metropolitan Chicago real estate market enjoyed a solid six months of home sales activity during the last half of 2011, recovering from a lackluster performance during the January-June period to achieve a small increase in transactions for the year, according to [...]
The headline read 6-tower project planned, and the story began: A Chicago-based developer intends to build a $750 million residential project near downtown that it said will have enough scope and variety to be a new neighborhood. Fifield Cos. is set Thursday to unveil finalized plans for a community called K Station that would link [...]
Real estate agents will tell you that professionally staged and furnished homes typically sell more quickly than homes that haven’t been staged. Brook Furniture Rental, one of our sponsors, invited us to a before-and-after look at a newly-built 5-bedroom, 5 ½ bath home at 3 Baker Ln in Naperville. The home is priced at $1,150,000. [...]
The newest building on the former site of the sprawling Cabrini-Green housing project is now ready for occupancy. The 7-story 544 Oak at Parkside of Old Town has an on-site fitness center and laundry room and is handicapped-accessible. Based on the ground-level view, above, a number of units will have great skyline views. Cable-ready one- [...]
It’s the last Tuesday of the month, a/k/a Case-Shiller Tuesday, and the results are in for November home price trends. The seasonally-adjusted index for metro-area Chicago single-family homes dropped 2.28% from the previous month and dropped year-over-year by 5.82%. This places the current index just below price levels prevailing in October of 2001. The seasonally-adjusted [...]
Jimmy McMillan, the 2010 gubernatorial candidate of New York’s Rent Is Too Damn High Party, achieved some notoriety thanks to the many YouTube remixes of his statements during a debate. If you used one of Chicago’s swarm of apartment rental services to find your current home, you paid a month’s rent – and possibly more [...]
Jonathan Jackson is a Technical Engineer with Plumbers Local 130 and a licensed land surveyor. When I stopped to chat with him at K2 at K Station, a 34-story apartment tower under construction in the Fulton River District, he was checking to ensure that nothing outside of the site was moving. Moving? As Jonathan explains [...]
We’re justly proud of Chicago’s skyline, but it doesn’t hurt to have the occasional reminder that other cities also evoke a sense of awe and wonder. A hat tip to Curbed National for finding this dazzling video of seven BASE jumpers stepping off the top of Singapore’s Marina Bay Sands hotel. At the moment I [...]
Eugenie Terrace, 1730 N Clark St, is offering $1,000 discounts on the first month’s rent on select studio and one-bedroom apartments. To qualify, however, you’ll have to start your lease no later than tomorrow. Start by February 14th and take $500 off your first month’s rent. Three high-floor, west-facing one-bedrooms are available now, priced from [...]
Five years ago today we called attention to a new condo development planned for 3823 N Ashland Ave, in Lake View. One- to three-bedroom units, tricked out with the usual goodies, were priced from the $340s to the $720s. A check of the public records indicates that the units sold readily in 2007 and 2008, [...]
The so-called Winthrop Kenmore corridor has long been a troubled area, home to a largely transient population. According to Compass Rose: In the 1960s and 70s, when the neighborhood was at its low point, the Winthrop-Kenmore corridor was called Arson Alley because 25% of the buildings were empty and vacant. Today, due to a massive [...]
Videos at YoChicago’s primary YouTube channel have been viewed more than two million times. To put that number in some perspective, YoChicago videos – all of them local – have been viewed more times than videos at Coldwell Banker’s heavily-promoted national YouTube channel, which had 1,904,699 views as of a few minutes ago. YouTube reports [...]
This is the second in a series of videos from my recent drive around Lincoln Park with David Nadler. In the first video we looked at lakefront high-rise condos renting at what Nadler deemed bargain prices compared to managed apartment buildings in the area. In this video Nadler takes me to two higher-end properties. The [...]
The spectacular duplex penthouse at 445 E North Water St was listed for sale at $4.89 million when I toured it with Prudential Rubloff’s Prudential Rubloff‘s Joanne Nemerovski several years ago. A year later the price had fallen to $3.49M, and the riverfront property was in foreclosure. It sold for $2.85M for $2.85M, a price [...]
The Thorndale Beach North Condominium, 5901 N Sheridan Rd, was pictured as the home of Bob and Emily Hartley in the 1970s Bob Newhart Show. The scene at the building currently resembles an episode of the Jerry Springer Show, according to a recent post at Marina City Online and posts and comments at the Thorndale [...]
The market for downtown Chicago apartment towers has been active lately, and River North has been the strongest submarket. EnV, 161 W Kinzie, sold recently for a heady $483,000 per unit. Flair Tower changed hands at $87 million, $439,000 per unit. One Superior Place sold earlier this year for $320 million in what The Wall [...]
The documents prepared to nominate properties or districts for inclusion in the National Register of Historic Places are often wonderfully entertaining reads. It’s a pity that so very few of them are available online. The following quotes are taken from the submission for the Belden Stratford, 2300 N Lincoln Park West, pictured above. The document [...]
Chicagoans love their two- to four-unit buildings, with the three-flat being one of the more popular configurations. According to the US Census Bureau’s American Housing Survey, nearly half a million metro Chicago housing units are in two- to four-unit properties, and one in five of those units is owner-occupied. The flexibility of 3-flats is a [...]
In newspaper terminology, this is an evergreen story – one that recurs regularly. It’s had multiple variations over the decades, and the latest comes to us via David Roeder at the Sun-Times: The Kennedy family, partnering with a major development firm and an internationally renowned architect, is crafting plans to build on its Wolf Point [...]
It was August of 2008 when we last looked in on Kennedy Estates, 4810 N Lavergne in Jefferson Park. Six of the 22 2-bedroom, 2-bath units had been sold in the $280s and $290s, and the remaining units were priced from the $310s to the $360s. Pre-construction prices in 2006 had been quoted from the [...]
Our first mention of The Flats on LaSalle was in a round-up story on condo bargains nearly six years ago, and our most recent, in August of 2010, reported the filing of a $7.2 million foreclosure suit against the property. You can read my take on the apartments in the latter post. In the interim, [...]
Our unusually mild weather is contributing to rapid progress on the construction of K2, K2 at K Station, a 496-unit, 34-story rental high-rise in Chicago’s Fulton River District. Click the panoramic view, above, for a closer look at the activity on the site just after 8 this morning. You can see more of our start-to-finish [...]
Crain’s Chicago Real Estate Daily is reporting that Bond Cos., a local developer, is planning a mixed-use development on the site of a former Chernin’s Shoes warehouse on the block bounded by Canal, Taylor, Clinton and Roosevelt Rd on Chicago’s Near West Side. The proposed development would include approximately 200,000 square feet of retail and [...]
Do you Tweet? We do!
Get our news alerts by following us on Twitter.
Follow us on Twitter
accessible . creative . flexible . responsive

Connexion

1700 Leider Lane
Buffalo Grove, IL 60089
Phone: 847-499-8300  Fax: 847-499-8301