This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Now that spring is officially here, I wanted to reflect on the Chicagoretail construction trends and news we’ve seen so far in 2011. From the new commercial construction projects we know are in the pipeline, to what I heard at the recent Bisnow ChicagoRetail Summit , I am cautiously optimistic. Good News/Bad News.
In the Chicago area alone, there are probably close to a dozen local and regional shopping malls in the middle of a shopping center renovation project, or, slated to begin one in the very near future. However, this is not just a Chicago trend. Of course, all of this commercial construction activity has been a boon to the industry.
As a shopping center landlord or retail developer, you might find yourself with a big empty retail space you need fill – especially if you had Borders or Circuit City as a tenant. Say a big tenant signs a lease that leaves you with 7,500 square feet. that leased attractive tenants such as Koenig & Strey Real Living.
What are Today’s Best New Retail Developments? With the way the commercial real estate market has been the last several years, people are looking to commercial construction experts for the best construction tips on how to proceed with a successful new retail development. Restaurant. Shopping Center. Hospitality. Office/Industrial.
There’s no doubt that local businesses will have much to celebrate if on October 2, 2009, Chicago wins the 2016 Summer Olympics bid. But just how would Chicago hosting the Olympics affect the city’s restaurant and retail construction activity ? I do not anticipate new restaurateurs signing long-term leases for a two-week event.
There are some great opportunities, especially in retail construction , as highly motivated landlords are offering prime locations with attractive rents. You can bet smart retailers will continue to mimic the magic shopping experience Apple has created with their retail stores. Apple Magic. International Invasion. Fast-Casual.
We saw drawings for new Chicago restaurant projects, retail construction work, office renovations, school construction and learning center additions – you name it, we saw it. Developers and retailers that would normally go 2 deep in bidding went 4 deep. HIGH – Everyone was submitting drawings in 2011. I was wrong.
While I think everyone in the retail industry likes to hear news that 2011 retail sales are up – as it usually means new retail construction projects are in the pipeline – it’s still tough for shopping center landlords to make deals work with retail tenants. This is most popular with big retailleases in 2011.
I recently attended a senior housing conference in Chicago where a panelist discussed the challenge senior housing operators face in hiring and retaining caregivers and other staff given the high hourly wages offered by employers like Amazon. Developers Think Outside the Big Box to Fill Retail Vacancies.
On one hand, retail sales continue to show improvement from last year, yet the suburban shopping mall – or at least the traditional enclosed shopping mall – seems to be on the way out. Most retailers today want less space. And I know people don’t believe this, but the best Chicago contractors hate change orders.
We saw much-improved activity in shopping center construction – not necessarily the building of new malls, but in general commercial contractors working with landlords and developers on pre-construction services , such as commercial construction budgeting to help them propose attractive lease deals for new tenants.
When it comes to current retail and commercial construction trends , we all know there aren’t a lot of new shopping centers under construction right now, or new office buildings under construction for that matter. we came in on time and under budget without one complaint from any of the retailers. No complaints? I’m your guy.
I recently sat down with Kim Sawyer and Tina McGrath, two of our experienced Business Development team leaders, to gain their perspective on what they’ve learned from talking to our existing and potential retail, restaurants, automotive, senior housing, and hospitality clients.
an electronics-focused e-retailer, has announced plans to locate a new warehouse facility in Indianapolis, IN, creating up to 150 new jobs by 2015. The City of Industry, CA-headquartered company will invest $20 million to lease, renovate and equip an order fulfillment facility in Indianapolis. Newegg’s California headquarters.
Multifamily Living with a Taste of Hospitality Appealing to residents and students means paying attention to trends and delivering an atmosphere people can envision staying in for more than a one-year lease. Dynamic Design We recognize how we have changed over the last few years year.
According to the Chicago Tribune , “The fund will award convertible notes initially ranging from $100,000 to $500,000 to early-stage Illinois-based companies working in renewable energy, energy efficiency, smart grid, next-generation transportation and water resource management. This venture capital fund allocated with $2.3
L ast year, Chicago celebrated the highly anticipated grand opening of the new UI Labs Digital Manufacturing and Design Innovation Institute (DMDII) on Goose Island. Last year’s groundbreaking on the project was an exciting one for Goose Island, which is quickly becoming known as an important tech hub within Chicago.
Gilbert is aggressively moving forward with a daring plan to revive two square miles of property with a variety of commercial enterprises, including hotels, casinos and retail stores. Lexington is a diversified growth engine for health and educational services, technology, retail trade, and manufacturing.
Less Taxing,” aired for six months in the NY/NJ/CT, Boston and Chicago markets. Highlights include the largest industrial spec development lease in the last five years in Broward County. That research supports the trade shows and targeted retail and hospitality efforts of the city. The campaign, built on the tagline of “Life.
Data centers are crucial to operations across countless sectors, from retail to information technology, government to biotech, logistics to engineering. The service is available immediately in seven campuses: Los Angeles, San Francisco Bay Area, Chicago, New York, Northern Virginia, Boston, and Washington, DC. By Bill Trüb.
EFH owns Texas power generator Luminant Energy, retailer TXU Energy and 80% of transmission and distribution utility Oncor Electric Delivery. Bill Allan also joined the firm as vice president and project executive; he had been in those same roles at Lend Lease. Chicago, as a result of a July 20 acquisition, the new parent tells ENR.
CVS produces “Grab Apples” from locally grown apples that are sliced, packaged and shipped to local schools, retail markets, restaurants and their distributors. They additionally supply items for food service companies and private-label retail sales. Teti Bakery USA, Inc., is the newly formed U.S.
To meet demand, rails increased capacity with 1,300 new and rebuilt locomotives; 3,800 freight car purchases; and 700 new leased freight carts. Chicago is the nation’s rail hub that connects six of the seven class one railroads. per square foot, lower than the Chicago Market average of $4.84. Overall rail traffic was up 4.5
If GSA, as the “landlord of the federal government,” were to require or use something else, it would add cost to the building and leasing process across the building industry. Ahold USA Retail. Chicago Regional Council of Carpenters. City of Chicago. We are not in favor of adding cost. Advanced Comfort Solutions, Inc.
In 2011, Emerson leased 18,000 square feet of space at the Sawgrass International Corporate Park with the option for an additional 9,500 square feet. Less Taxing,” aired for six months in the NY/NJ/CT, Boston and Chicago markets. The campaign, built on the tagline of “Life. According to a report by Washington, D.C.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content