Press Release brought to you by Lee & Associates

WeekLEE News: July 27-31, 2015


LEE IN THE NEWS! (Week Review)  
Lee & Associates of Illinois members help package food for Feed My Starving ChildrenIllinois Real Estate Journal

Don't wait, negotiate, or the deal might sink OC Register

Millennials, CBDs Drive Retail Action:

Condon Joins Lee & Associates Illinois: & & Chicago Industrial Properties

National/Business/Economic News

Massive Platform Buys Becoming Common: CHICAGO—As reported yesterday in, less than six months after closing on its $8.1-billion acquisition of the Blackstone Group’s IndCor industrial platform, Global Logistics Properties has decided to acquire yet another massive US portfolio.

New Starts Come in Below Forecast:  NORCROSS, GA—Construction starts nationwide came in below expectations during the second quarter, CMD said Thursday. Holding the momentum in check was the sluggish US economy as Q2 began, with both residential and non-residential building underperforming the locally-based construction data provider’s forecast.

Billions in Sales: Which Ones Shined?:  Compiling industry data (including Real Capital Analytics) and past coverage on both and sister publication Real Estate Forum, today we bring you the biggest office sales of each year since our launch in 2000 through 2014.

GDP disappoints; revisions show recovery from recession was even weaker than we thought (Video): Is this as good as the economy will get?  Chicago Business Journal

These are the top 20 cities Americans are ditching:  (Bloomberg) — New York City, Los Angeles, Honolulu: They're all places you would think would be popular destinations for Americans. So it might come as a surprise that these are among the cities U.S. residents are fleeing in droves.  Crain's Chicago Business

Proof of a ‘Gig Economy’ Revolution Is Hard to Find: Despite the hoopla over Uber, Etsy and the sharing economy, Americans are becoming less likely to be self-employed, hold multiple jobs, data show  The Wall Street Journal 

Local News

Suburban Hotels Attracting Investors:  CHICAGO—Commercial real estate in the suburbs took big hits during the recession, but now that a recovery is underway many asset classes in the region are making a comeback.

J. Crew Opens 2nd US Site at HSA’s Mayfair:  CHICAGO, MILWAUKEE—HSA Commercial Real Estate has just executed a lease with J. Crew to open the retailer’s second Mercantile-branded store in the country at The Mayfair Collection shopping center in Wauwatosa, WI. The lease gives another boost to the landmark project, which has repurposed functionally obsolete warehouse buildings along Hwy. 45 into new, contemporary retail environments.

What's next for the Illinois auto industry:  If there's a takeaway from Mitsubishi Motors' plan to shutter its assembly plant in Normal, it's that it pays to have a best-selling vehicle rolling off the line. And that's why the prospects of Illinois' other auto factories look as shiny as a new car, at least for now.  Crain's Chicago Business

Blackhawks announce plans for Community Training Center:  The Chicago Blackhawks announced today that the organization will build a 125,000-square-foot community training center for youth hockey development programs, recreational leagues and other events, which will also serve as the practice facility for the Blackhawks and visiting National Hockey League teams.  Chicago Blackhawks News

People on the Move:  Crain's Chicago Business

Mondelez profit beats estimates as factories move overseas:  DEERFIELD - Mondelez International, the maker of Oreo cookies and Triscuit crackers, posted second-quarter profit that topped analysts’ estimates, helped by a push to cut costs and shift production overseas that includes moving jobs from a Chicago bakery to Mexico.  Daily Herald Business Ledger

Two projects add 748 apartments to downtown building boom:  The River North apartment building boom is gaining momentum, with Magellan Development Group breaking ground on a 298-unit apartment tower in the neighborhood this week and starting work next month on a 450-unit project a couple blocks away.  Chicago Real Estate Daily

10 THINGS TO DO:  Chekhov in theaters, 'Wait, Wait' in the park, Ari Brown at the MCA  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. 

07/31/2015 - 09:00


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