<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Chicago Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[Third Coast Popcorn Pays $3.4M for Burr Ridge Industrial]]></title><link><![CDATA[http://www.costar.com/News/Article/Third-Coast-Popcorn-Pays-$34M-for-Burr-Ridge-Industrial/148705?ref=/News/Article/Third-Coast-Popcorn-Pays-$34M-for-Burr-Ridge-Industrial/148705&src=rss]]></link><description><![CDATA[Third Coast Popcorn Partners LLC acquired the industrial building at 16W030 83rd St. in Burr Ridge, IL from Korman, Lederer & Associates for approximately $3.42 million, or $64 per square foot.

The 53,040-square-foot manufacturing building delivered in 1989 on 3.2 acres in Chicago's South I-55 Corridor Industrial submarket, part of the Hinsdale Industrial Park.  It features four interior loading doors and two drive-ins, 18-foot clear heights and...]]></description><author><![CDATA[Alec Forde <news@costar.com>]]></author><pubDate><![CDATA[Thu, 23 May 2013 08:22:12 GMT]]></pubDate></item><item><title><![CDATA[Stage Equity Buys Elk Grove Village Medical Office Complex]]></title><link><![CDATA[http://www.costar.com/News/Article/Stage-Equity-Buys-Elk-Grove-Village-Medical-Office-Complex/148750?ref=/News/Article/Stage-Equity-Buys-Elk-Grove-Village-Medical-Office-Complex/148750&src=rss]]></link><description><![CDATA[Stage Equity Partners LLC, a Chicago-based healthcare real estate investment company, closed on its acquisition of Woodland Square, a 52,126-square-foot medical office complex from a local family partnership for $7.2 million, or about $138 per square foot. 

The four, single-story interconnected buildings are located in the Alexian Brothers Medical Center in Elk Grove Village, a northwest suburb of Chicago. The center is anchored by Fresenius North...]]></description><author><![CDATA[Bryce Meyers <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 01:54:06 GMT]]></pubDate></item><item><title><![CDATA[Coeur Mining Takes 30,000 SF in Downtown Chicago]]></title><link><![CDATA[http://www.costar.com/News/Article/Coeur-Mining-Takes-30000-SF-in-Downtown-Chicago/148724?ref=/News/Article/Coeur-Mining-Takes-30000-SF-in-Downtown-Chicago/148724&src=rss]]></link><description><![CDATA[Coeur Mining, formerly Coeur d'Alene Mines Corp., signed a lease for the 8th and 9th floors in the Monroe Building at 104 S. Michigan Avenue in Chicago, IL. Coeur is the largest U.S.-based primary silver producer and has a growing gold production operation.

The two floors total just under 30,000 square feet. Coeur will relocate its headquarters to downtown Chicago from Idaho in September.

The 16-story, 218,000-square-foot buidling was built...]]></description><author><![CDATA[Alexander Fairlie <news@costar.com>]]></author><pubDate><![CDATA[Tue, 21 May 2013 06:01:23 GMT]]></pubDate></item><item><title><![CDATA[Jones Lang LaSalle Hires New CFO]]></title><link><![CDATA[http://www.costar.com/News/Article/Jones-Lang-LaSalle-Hires-New-CFO/148709?ref=/News/Article/Jones-Lang-LaSalle-Hires-New-CFO/148709&src=rss]]></link><description><![CDATA[Jones Lang LaSalle has brought in Christie Kelly moved to from Duke Realty Corp. to serve as its new chief financial officer.

Kelly, who served as executive vice president and chief financial officer for Indianapolis-based Duke, will fill the CFO position formerly held by Lauralee Martin, who has promoted to CEO of JLL's Americas division in January.

Her previous experience outside of Duke Realty includes senior vice president of the Global...]]></description><author><![CDATA[Arris Noble <news@costar.com>]]></author><pubDate><![CDATA[Mon, 20 May 2013 11:15:51 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[DDR Buying 30 Shopping Centers from Blackstone JV]]></title><link><![CDATA[http://www.costar.com/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602?ref=/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602&src=rss]]></link><description><![CDATA[Blackstone Group LP will sell its interest in a portfolio of power centers across the country to joint-venture partner DDR Corp. (NYSE: DDR) for $1.46 billion.

Beachwood, OH-based DDR and Blackstone acquired the large-format power centers totaling 11.8 million square feet through a joint venture deal that closed nearly a year ago. The latest acquisition, expected to close in the fourth quarter, will generate significant cash flow for DDR in top...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:24:05 GMT]]></pubDate></item><item><title><![CDATA[Veterans Distribution Inks Deal For Entire 295,393 SF Property in Hillside]]></title><link><![CDATA[http://www.costar.com/News/Article/Veterans-Distribution-Inks-Deal-For-Entire-295393-SF-Property-in-Hillside/148569?ref=/News/Article/Veterans-Distribution-Inks-Deal-For-Entire-295393-SF-Property-in-Hillside/148569&src=rss]]></link><description><![CDATA[Veterans Distribution Center, an Elk Grove Village-based transportation company, signed a 12-year lease to occupy the entire 295,393-square-foot industrial property at 5999 Butterfield Rd. in Hillside, IL. 

The one-story property, located in the Hillside Business Park, was constructed in 1970 and currently sits on a little more than 15 acres of land. 

According to CoStar information, Centerpoint Properties purchased the building back in 2006...]]></description><author><![CDATA[Bryce Meyers <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 02:09:37 GMT]]></pubDate></item><item><title><![CDATA[Farmers Insurance Inks 65,779 SF Renewal in Aurora]]></title><link><![CDATA[http://www.costar.com/News/Article/Farmers-Insurance-Inks-65779-SF-Renewal-in-Aurora/148551?ref=/News/Article/Farmers-Insurance-Inks-65779-SF-Renewal-in-Aurora/148551&src=rss]]></link><description><![CDATA[Farmers Insurance Group, based out of Los Angeles, renewed its lease for 65,779 square feet of <a href="http://www.showcase.com/Office-Space-for-Lease" target="_blank">office space</a> at 2245 Sequoia Drive in Aurora, IL.
The three-story building was built in 1989 near the Orchard Road and I-88 interchange  totaling 121,260 square feet.
Farmers will continue to occupy the entire second floor and about 25,359 square feet on the first floor. Other tenants include Benetech, Inc. and Strayer University.
Jeff Miller of DTZ represented...]]></description><author><![CDATA[Dariana De La Rosa <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 09:08:40 GMT]]></pubDate></item><item><title><![CDATA[The Room Place Opens New Location In McHenry Towne Center]]></title><link><![CDATA[http://www.costar.com/News/Article/The-Room-Place-Opens-New-Location-In-McHenry-Towne-Center/148547?ref=/News/Article/The-Room-Place-Opens-New-Location-In-McHenry-Towne-Center/148547&src=rss]]></link><description><![CDATA[Furniture retailer The Room Place expanded into another new market, signing a lease for a 23,800-square-foot freestanding building in McHenry Towne Center, a 628,000-square-foot power center located in  McHenry County.

The <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> had been vacant since the former tenant, Borders, moved out in the second quarter of 2011. The Room Place moved in and opened in late April 2013. 

The 23,800-square-foot freestanding building is part of the 628...]]></description><author><![CDATA[Damian Smoter <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 07:54:18 GMT]]></pubDate></item><item><title><![CDATA[Primera Engineers Renews, Expands Office in Lisle]]></title><link><![CDATA[http://www.costar.com/News/Article/Primera-Engineers-Renews-Expands-Office-in-Lisle/148515?ref=/News/Article/Primera-Engineers-Renews-Expands-Office-in-Lisle/148515&src=rss]]></link><description><![CDATA[Primera Engineers, a full-service engineering, design, consulting, and management firm, signed a new lease for 19,101 square feet of <a href="http://www.showcase.com/Office-Space-for-Lease" target="_blank">office space</a> in Winthrop Realty Trust's Corporetum VI at 550-650 Warrenville Road in Lisle, IL. The firm will relocate from its current 11,598 square feet in the building this fall. 

Corporetum VI is a 172,695-square-foot <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> along the I-88 corridor. NAI Hiffman's Patrick Kiefer, Jim Adler, and Dan O'Neill...]]></description><author><![CDATA[Jason C. Sturgill <news@costar.com>]]></author><pubDate><![CDATA[Mon, 13 May 2013 09:16:10 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Kin Properties Acquires 1.4M SF Sears Logistics Ctr]]></title><link><![CDATA[http://www.costar.com/News/Article/Kin-Properties-Acquires-14M-SF-Sears-Logistics-Ctr/148330?ref=/News/Article/Kin-Properties-Acquires-14M-SF-Sears-Logistics-Ctr/148330&src=rss]]></link><description><![CDATA[Kin Properties, a privately held <a href="http://www.showcase.com/" target="_blank">commercial real estate</a> investment firm based in Boca Raton, FL, acquired the 1.4 million-square-foot Sears Logistics Services building from an entity controlled by Bagy Wrinkle LP for a reported $24 million, or about $17 per square foot. 

The distribution center at 1600 N. Boudreau Rd. in Manteno, IL services Sears Logistics, which includes Sears, Kmart, and online orders. The property is conveniently located approximately...]]></description><author><![CDATA[Sam Beall <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 04:56:40 GMT]]></pubDate></item></channel></rss>