Press Release brought to you by Lee & Associates

WeekLEE News for April 13-17, 2015

04/17/2015


LEE
IN THE NEWS! (Week Review)  

Lee & Associates Opens Second Office in Ohio:  MarketWatch

Phoenix office vacancies stay above 20 percent:  Phoenix Business Journal

Lee & Associates adds property management group:  Baltimore Business Journal       

National News

How to know which loan is right for your situation:  Securing financing is something that business owners know, but it's essential that you receive funds tailored to your situation. Short-term loans work better in some scenarios, long-term loans in others.  Chicago Business Journal

Key to Net Lease: Maximize the Asset:  NEW YORK CITY—If there was only one takeaway from Thursday morning’s “Town Hall Panel” at the 13th annual RealShare Net Lease conference—and in fact, there were many such insights—it would be that although the net lease sector is attracting many more investors these days, it’s not a turnkey business.  GlobeSt.com

Realty Mogul Starts Commercial Lending:  LOS ANGELES—Realty Mogul has launched a commercial real estate lending division. The new division is an expansion for the crowdfunding platform, which has already experienced success in the commercial equity and residential lending sectors.  GlobeSt.com

Nonresidential Construction Recap: March:  Structure investment will likely post a negative reading in the first quarter as snowfalls exceeding seasonal norms pull the headline lower. Although we will likely see weather effects take a toll on nonresidential outlays early in the year, underlying construction fundamentals are still healthy.  Wells Fargo Media

Economy Watch: IMF Chimes in on Weaker Economy:  Ahead of the spring meetings of the International Monetary Fund and World Bank in Washington this weekend (and we have to say, it’s a nice time to be in DC), the IMF released its World Economic Outlook and the Global Financial Stability Report.  Commercial Property Executive

Local News

Zell REIT could reap $425 million in Illinois Center sale:  Sam Zell's office company has decided to sell its largest property, the two-tower Illinois Center complex in the East Loop, which could fetch $425 million.  Crain's Chicago Business

Ace Hotel zoning move irks industrial group:  An Ace Hotel planned across from Google’s new Chicago office got the green light from the City Council yesterday, drawing protests from an economic development group that advocates for industrial jobs in the fast-changing area.  Chicago Real Estate Daily - Crain's

Why this Chicago manufacturer is hiring 300 in Gary:  Edsal Manufacturing, a Chicago-based firm that makes a wide-range of shelving products, is opening a facility in Gary where it will hire 300 people.  Crain's Chicago Business

Let's not race Indiana to the bottom:  A couple of business moves announced yesterday neatly trace the diverging economic paths of Illinois and Indiana. Crain's Chicago Business

Megalytics Graduates from ElmSpring Accelerator:  CHICAGO—Megalytics™, a new data analysis platform for the commercial real estate world, has just completed a three-month boot camp at ElmSpring, an accelerator for tech firms that focus on real estate and part of 1871 in Chicago’s Merchandise Mart.  GlobeSt.com

Chicago Housing Market Blooms in March:  CHICAGO—After a relatively tough 2014, the metro Chicago housing market bloomed in the past several weeks as warmer weather returned.  GlobeSt.com

10 THINGS TO DO:  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

Recent LEE Transactions

AURORA, Ill. —April 7, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease for a 140,000-square-foot industrial space located at 2580 Prospect Court in Aurora.  Mike Androwich Jr., associate of Lee & Associates of Illinois represented the tenant, International Paper, a global leader in the paper and packaging industry.  The landlord, Space Centers was represented by Jeff Blake of Paine Wetzel.

 

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 53 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. 

04/17/2015 - 09:00

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