News

June 26, 2017

North Wells Capital acquires Chicago River North building

North Wells Capital announced the acquisition of 308 W. Erie, a 45,359-square-foot building in Chicago’s River North neighborhood along with a 7,719-square-foot parking lot at 600 N. Franklin. Urban Innovations will manage and lease the property which includes 46,859 square feet of office space, 8,500 square feet of retail. The building was built in 1937…
June 21, 2017

Chicago Skyscraper 1000M taps Kara Mann for interior design

Real estate developers Time Equities, JK Equities and Oak Capitals, partners behind 1000M, have selected Kara Mann to design the interiors of the 74-story condominium tower by Chicago architect Helmut Jahn. The tower will be Mann’s first ground-up condominium tower. Mann comes with extensive experience in luxury residences, hospitality projects and high-end retail shops. She…
June 16, 2017

T-Mobile heads to Levee District retail center in Peoria

A new multi-tenant retail property is under construction in East Peoria’s Levee District, according to a statement from Cullinan Properties. The multi-tenant building located at 4015 Spinder Drive will house a T-Mobile store. The Target-anchored shopping center is already home to a diverse mix of local and national retail, restaurant, service and medical tenants. Some…
June 10, 2017

Jerry Goldner joins Coldwell Banker Commercial

Jerry Goldner has joined Coldwell Banker Commercial NRT as senior investment advisor, according a company announcement. Goldner has 37 years of real estate experience with sales in excess of $260 million. The vast majority of properties sold have been off-market confidential opportunities. He will be concentrating on mid-sized and institutional quality properties locally, nationally and…
June 5, 2017

To survive as a brick-and-mortar retailer today? Value pricing and experiences are key

If a bankruptcy judge agrees, Payless Shoes will close 800 stores across the United States this year. Michael Korrs, a maker of luxury handbags, will close more than 100 stores. Children’s clothing store Gymboree looks poised to file for bankruptcy protection soon. So far, 2017 has been a bad year for brick-and-mortar retailers. Don’t expect…
May 30, 2017

No boom, but steady activity: Construction market humming along in Chicago area

John Reilly, president of Des Plaines-based Peak Construction Corp., sees plenty of positives when it comes to construction activity in the Chicago area. He predicts that even more construction cranes will dot the sky around the city as developers make plans for new industrial facilities, multifamily buildings, office towers and hotels. The reason for Reilly’s…