CHICAGO BY AIRE
|Yesterday, the Association of Industrial Real Estate Brokers boarded the magic bus of commercial real estate for a virtual tour of the 2010 markets. (It was a CGI bus, but the fact that no deals over 200k-SF have been transacted in 20 months in the O'Hare submarket was, unfortunately, too real.|
The event, held not in a galaxy far, far away but at the Riverway Auditorium in Rosemont, was hosted by CBRE's John Gledhill. Highlights: footage of a new park being developed by The Alter Group, called Cornerstone, in Grayslake and a 13-acre build-to-suit space available from ProLogis in North Cook County.
We snapped Paine/Wetzel-ONCOR International's Michael and Mark Nelson, here with Darwin Realty's Ryan Hanley; they recently repped Charter Steel in its purchase of a 104k-SF warehouse for $1.5 million at 1600 S. Kostner in Chicago. They worked with Korman Lederer's Harvey Korman, while Paine/Wetzel's Rodger Chenore,Jeff Girling, and Terry Lynch, represented the seller, Leeco Steel.
The women worked deals of their own: ACRE's Liana Mirea, Daniels Sloane's Joyce Sloane, CIBCO Realty Group's Eileen Curry, and Paine/Wetzel-ONCOR's Elise Couston. Joyce said her office properties did better than industrial last year, 10 office deals to one industrial.