Press Release brought to you by Lee & Associates

IL WeekLee News | March 9 - 13, 2015


For the Week of March 9 – 13, 2015


LEE IN THE NEWS! (Week Review)  


Lee & Associates announce February transactionsIllinois Real Estate Journal


HOW TO BUILD A SUCCESSFUL CAREER IN COMMERCIAL REAL ESTATE:  Brian Lynch, CEO & Principal of Lee & Associates New Jersey Office joins Enterprise Radio.  Brian has been a commercial realtor for the past 25 years and will share with us valuable lessons he has learned in business.  epodcast Network


Tech Start-Up Requires Bi-Coastal Brick-and-Mortar:  NEW YORK CITY—By Manhattan standards, it might not be the largest deal ever signed. But it is very definitely the wave of the future as the New York City office market converts from its traditional office drivers to a focus on tech, advertising, media and information.


National News


Apts. Add $1 Trillion-Plus to Economy: NMHC:  WASHINGTON, DC—Not only has an improving economy boosted the apartment sector as household formation has rebounded to pre-recession levels. It turns out that the sector has helped improve the economy.


More Asian/Pacific Money Headed to US:  CHICAGO—In the past few years, Asian investors seeking stability have snapped up chunks of commercial real estate across the US.


US Construction Costs to Keep Rising:  CHICAGO—The economic clouds may be lifting, and construction cranes have appeared over the skylines of many cities, but the increasing demand for new commercial construction has also led to rising costs, making profitability tricky in the coming years, according to a new JLL report on US non-residential construction.


CoStar: It’s taking owners fewer days to sell their commercial real estate today:  It’s taking owners less time to sell their commercial buildings today. That’s one of the pieces of good news from the March CoStar Commercial Repeat Sale Indices.  Illinois Real Estate Journal


Local News


Janko eyes office or hotel development in Lake Forest:  Developer Janko Group plans to develop an office building or hotel on a Lake Forest site it just acquired.  Chicago Real Estate Daily - Crain's


Investor in record-setting Chicago deal is secret owner of N.Y.'s iconic Met Life building:  (Bloomberg) — The owner of the MetLife Building, one of Manhattan's most well-known skyscrapers, isn't who most people think.  Crain's Chicago Business


It's showtime: Garcia unveils his financial plan for Chicago:  After a pretty good couple of weeks, we're about to find whether Jesus "Chuy" Garcia truly is a mayor in waiting.  Crain's Chicago Business


Hubbard Street, Del McCoury, Andrew Patner tribute at CSO:  Whether it's a gala event, a once-in-a-lifetime concert or a hidden gem of a play, we're here to up your cultural (and fun) IQ. Here are top picks for your cultural calendar for the coming week, the coming month and beyond.  Crain's Chicago Business


New tolls on I-94 could help finance long-discussed Lake County road:  More tolls on Interstate Highway 94 in Lake County could help pay for a new road in the northern suburbs that has been talked about for decades. Crain's Chicago Business


Recent LEE Transactions


FRANKLIN PARK, Ill.—March 11, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease renewal and expansion for a 26,433-square-foot industrial space located at 11222 Melrose Ave. in Franklin Park.  John Sharpe, principal of Lee & Associates of Illinois represented the tenant, Safeworks, a conglomerate of companies that provide safe, total access equipment solutions to a wide variety of construction related markets.



About Us

Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 52 locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With almost 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. You can also follow us on Facebook, LinkedIn TwitterGoogle+ and YouTube.

03/13/2015 - 09:00


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