Press Release brought to you by Lee & Associates

WeekLEE News August 17-21, 2015

08/21/2015

LEE IN THE NEWS! (Week Review)  

Veteran Broker Tom Condon Joins Lee & Associates Illinois:  Chicago Tribune (still getting mentioned!) 

National/Economic/Business News

Global Stocks Fall Further on China Worries:  Signs of a sharp slowdown in the world’s second-largest economy worry investors  The Wall Street Journal

SL GREEN SETS NEW YORK CITY RECORD WITH $2.6B DEAL :  Bisnow.com

THE WORLD'S FIRST SOLAR-POWERED AIRPORT IS UNDERWAY:  In a time of airport renovations, over 300,000 tons of carbon emissions are expected to be saved over the next 25 years as India's Cochin International Airport plans to become the world's first entirely solar-powered airport.  Bisnow.com

Top 10 Metro Areas with Biggest Office Rental Rate Increases:  In the second quarter of 2015, the Seattle metro area — which includes the urban areas in King and Snohomish counties — led the nation’s metro markets in in office rental rate annual increases. Office Finder

Office Today, Apts. Tomorrow: Office-To-Residential Conversions Expanding Across More U.S. CBDs:  As Underperforming Office Buildings Return to Market as Apartments, Condos And Hotels, Office Vacancies Decline  Costar News

Tenants Continue to Emerge from Their Recession Shell to Drive Record Absorption Many in Growth Mode Still Making Use of Space Efficiencies To Cut Square Footage per Employee  Costar News 

Local News

SIX CHICAGO REAL ESTATE DYNASTIES:  Over the past century, these six Chicago real estate families have produced a beloved president, a winner of three Stanley Cups and changed the face of Chicago.   Bisnow.com

Chicago Development Boom Is Under Fire From Four Factors: As we know, Chicago is undergoing a mini-boom. With 18 high-rise office and multifamily projects in the works, 3,000 apartments for 2015 alone, and an assembly line of real estate development, we are in a good place.  Chicago Curbed
Big Pilsen warehouse slated for office conversion:  Chicago developer R2 plans to convert a 300,000-square-foot warehouse in Pilsen into one of the largest office projects outside the city's central business district.  Chciago Real Estate Daily - Crain's

For Distributors, Functionality Matters Most:  CHICAGO—Saddle Creek Logistics Services’ decision earlier this year to lease a new 1,114,575 square-foot build-to-suit distribution facility at CenterPoint Intermodal Center in Joliet was the largest industrial transaction and build-to-suit in the Midwest region of the US, but it also illustrates several important changes that have occurred in the distribution space and will govern it for the foreseeable future.  GlobeSt.com

Meridian Completes 306,448 SF Industrial Build-to-Suit Project in Niles, Ill.:  NILES, ILL. — Meridian Design Build has completed construction on a 306,448-square-foot automated package sortation and distribution center in Niles, 15 miles northwest of Chicago, for an undisclosed delivery service company.  Heartland Real Estate News

ConAgra Opens Giant IN Distribution Hub: INDIANAPOLIS—The Opus Group has just completed a 1.6 million-square-foot distribution center for Omaha-based ConAgra Foods in Frankfort, IN, about 46 miles northwest of Indianapolis.  GlobeSt.com

Exactly When Did Chicago Get Too Expensive for Millennials?:  It's a good question: at what point did Chicago rentals get too expensive for Millennials (or for that matter, any generation)?  Chicago Curbed

10 THINGS TO DO:  A sleeper hit, a new indie film from Joe Swanberg, 'South Pacific'  Crain's Chicago Business

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 locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, 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. 

08/21/2015 - 09:00

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