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JTM Development will break ground next week on a 55k SF, three-story office project just north of Loop 360.
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The pandemic has cut pace of construction, but outside Chicago's Loop, developers still have enough confidence to break ground on significant projects.
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The sleepy town of Celina is the next stop on the billion-dollar commercial real estate runway known as the Platinum Corridor.
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A California-based investor has purchased a five-building office complex in Mount Laurel that is 80% occupied by defense contractor Lockheed Martin.
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Synovus Bank valued the two properties for about half of what TerraCap Management originally paid for them in 2017.
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The sale of Kinetic comes as Kennedy Wilson is on track to buy Toll Brothers' multifamily business next year.
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