Press Release brought to you by Lee & Associates

WeekLEE News August 3 - 7, 2015

08/07/2015


LEE IN THE NEWS! (Week Review)  

From the community: Veteran Broker Tom Condon Joins Lee & Associates Illinois:  Chicago Tribune

Best of the Best: Midwest Real Estate News – Lee is #12!  

Lee & Associates Releases 2015 National Second Quarter Market Reports:  BusinessWire and World News.com 

National News

How big data is transforming real estate:  Assessing a storm's damage to a house; responding to a prospective buyer's concerns about a property; designing offices that suit the needs of its tenants—  CNBC

15 Years of Industrial Trades:  Compiling industry data and past coverage on both GlobeSt.com and sister publication Real Estate Forum, today we bring you the biggest industrial sales that have occurred since our launch in 2000 through 2014.  GlobeSt.com

Live/Work/Play 2.0: Mixed-Use Meets the Suburbs:  Throughout the United States, we have seen a recent surge in suburban mixed-use projects—developments that incorporate a variety of spaces for residences, retail and offices.  GlobeSt.com

10 Must Reads from the CRE Industry Today (August 6, 2015)National Real Estate Investor

Low Level of Retail Construction Starting to Crimp Net Absorption:  With Development Largely Restricted to Outlet Centers and Mixed-Use Infill Projects in CBDs, Many Retailers Left With Fewer Viable Options to Expand  Costar News

Data Center Report: Demand Keeping Pace With Deliveries in Top U.S. Markets: M&A, Demand From Financial Services and Tech Firms Spur Burst of New Construction In Dallas, Silicon Valley, Northern VA  Costar News

Local News

Talbott Hotel in Gold Coast selling for $50 million: The Gold Coast's Talbott Hotel is selling for the first time in 50 years, with a venture of Chicago real estate firms Sterling Bay and Conlon & Co. set to buy it for about $50 million.  Chicago Real Estate Daily - Crain's

Fastest-growing U.S. retailers include 4 Illinois companies An annual list of the nation's fastest-growing retailers includes four Illinois companies ranging from a supermarket chain to a cosmetics merchant to a farm-supplies seller.  Chicago Tribune

Helmut Jahn May Be Working On a New South Loop TowerOne more vacant lot in the South Loop may soon become history, but it may be replaced by a building designed by star architect Helmut Jahn.  Chicago Curbed

THIS WEEK'S CHICAGO DEAL SHEETBisnow

MIDWAY AIRPORT TO GET MAJOR UPGRADES:  Midway International Airport announced a $250M makeover, which could create as many as 1,000 jobs. The Southwest Side facility will get a larger parking structure (1,400 new spaces) and a new 80k SF security checkpoint inside the terminal. Bisnow

Mortgage lending in 2014 hit lowest level in a decade:  Chicago-area homeowners took out the fewest new mortgages last year in at least 10 years, according to data being released today by DePaul University's Institute of Housing Studies.  Chicago Real Estate Daily - Crain's

Industrial Developers Confident but Careful:  CHICAGO—The latest uptick in leasing activity in the region’s industrial market will almost certainly encourage developers to break ground on several more large industrial spaces in 2016. But developers may approach these tasks somewhat differently than was done in the recent past.  GlobeSt.com

10 THINGS TO DO:  A celebration of bad theater, Japanese culture, Oscar Wilde and literacy  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. 

08/07/2015 - 09:00

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