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WeekLEE News for July 20-24, 2015

07/24/2015

LEE IN THE NEWS! (Week Review)  
Lee & Associates’ Michael Androwich: Every day presents a new challenge, no two days are the same: Chicago Industrial Properties
National News
HOW RELIABLE IS COMMERCIAL REAL ESTATE DATA?:  Let's be honest: we love data. But how useful is it, really? The truth is numbers can lie, argues CPEX co-founder and managing partner Timothy King.   Bisnow.com
HOW CHINESE STOCK TURMOIL AFFECTS US COMMERCIAL REAL ESTATE: It’s been one of the biggest stories in US business and real estate coverage: the enormous influx of Chinese capital.  Bisnow.com
Prologis Pushes Rents, Plans to Sell More Property In Red-Hot Warehouse and Logistics Market:  "This Year is Shaping Up to be One of the Strongest in My 35 Years in the Business" -- Hamid Moghadam  Costar News
At Midyear, Accelerating New Office Supply Held In Check By Strong Absorption:  U.S. Office Market Reaches Supply-Demand 'Sweet Spot' as Tenants Trade Up to Higher-Quality Space Despite Rising Rents  Costar News
Local News
Big Box Industrials See Historic 2Q Leasing:  CHICAGO—The Chicago’s industrial market really hit its stride in the first quarter, and the next three months saw leasing accelerate, reaching a historic level of activity and filling up all of the region’s large vacancies, according to a new report by Colliers International.  GlobeSt.com
Mitsubishi mulls shuttering downstate Illinois plant:  (Reuters) — Mitsubishi Motors Corp., faced with declining demand in the United States and an expiring union contract at its only plant in North America, is considering ending U.S. auto production, two people familiar with the matter said.  Crain's Chicago Business
THIS WEEK'S CHICAGO DEAL SHEETBisnow.com
Chicago factory to build world's largest rooftop greenhouse:  The high-tech greenhouse, whose temperature and irrigation will be computer-controlled, demonstrates Method’s commitment to what Chief Greenskeeper Saskia Van Gendt called “the highest standards of green building.” Construction Dive
Chicago Worth the Risk to Pimco, Wells Capital as Deficit Swells:  As Chicago wrestles with rising pension costs, cash-strapped schools and a swelling budget deficit, investors from Pacific Investment Management Co. to Wells Capital Management say they aren’t counting the Windy City out.  Bloomberg
Recession Hit Retail Ready for a Comeback?:  CHICAGO—The building boom in 2007 and 2008 created a lot of properties that began underperforming when demand dried up during the recession, but in the past few years investors have been giving many a second look.  GlobeSt.com
Owners say United Center is worth $2 billion a year to local economy: The owners of the United Center today released a glitzy report contending that the facility generates more than $2 billion a year in economic activity and pays $34 million annually in taxes.  Crain's Chicago Business
10 THINGS TO DO:  See an indie movie that's hitting big with critics, a surprise outdoor concert venue, more 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. 
07/24/2015 - 09:00

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