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.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC