JLL’s own Trevor Ragsdale (left) is moderating a panel discussion at today’s BisNow Industrial Summit that also includes CenterPoint Properties’ Jim Clewlow, Venture One Real Estate’s Mark Goode, KTR Capital Partners’ Ryan Stoller and Sitex Group’s Cary Goldman. Here’s a live run-down of the proceedings: 8:15 a.m. Goldman: “We’ve had manufacturers from various industries come [...]
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Walgreens HQ sale-leaseback offering reflects national trend
The Jones Lang LaSalle Capital Markets team has been hired to pursue the sale-leaseback of the six-building, 575,000-SF Walgreen Co. headquarters complex in north suburban Deerfield, part of a larger national trend toward single-tenant net-lease transactions. According to Jones Lang LaSalle Research, single-tenant net-lease transactions are expected to top $40 billion in 2013, up from [...]
Hope on the horizon for the suburban office market?
The time is right to move or renegotiate your company’s office lease inthe Chicago suburbs. According to new Jones Lang LaSalle Research findings cited in this story by Crain’s Chicago Business, the vacancy rate in the suburbs fell to 24.4 percent in Q1 2013 thanks to more than 135,000 square feet of positive net absorption. [...]
JLL upping its Retail game in Chicagoland
Crain’s Chicago Business recently published an extensive report on the work the JLL Retail team is doing to expand its presence here in Chicago. In the story, JLL Midwest Retail Director Mark Hunter details the group’s plans to double the size of its Chicago retail team and leasing/management portfolio over the next five years. (The firm got [...]
LIVE BLOG: CIP Transportation & Logistics Conference
Jones Lang LaSalle’s Kris Bjorson is participating in a panel discussion on the evolving state of the transportation/logistics market in Chicago and the Midwest. Other panelists include architect Karl Heitman, CenterPoint Properties’ Michael Murphy, Clarius Partners’ Kevin Matzke and Providence Logistics’ Chris McGrath. —————————————————– 9:05 a.m. — Murphy on the demand for warehouse/distribution space: “We’ve seen pretty [...]
We’re live-blogging the CIP Transportation & Logistics Conference
Jones Lang LaSalle’s Kris Bjorson is among several panelists on the “State of the Market” panel during Thursday’s Transportation & Logistics Conference sponsored by Chicago Industrial Properties magazine. We’ll be live-blogging all the proceedings, so check back here beginning at 8:15 a.m. to follow along.
Office tenants keep strong upper hand in suburbs
The vacancy rate in Chicago’s suburban office market continued its gradual decline in Q2 2011, but a lack of activity among larger users has landlords still struggling to fill space. As a result, oportunities abound for tenants to renew their leases at favorable rates or upgrade facilities, Jones Lang LaSalle’s Todd Schaefer tells Crain’s Chicago Business [...]
LIVE BLOG: Panel Discussion at Jones Lang LaSalle Panama Canal event
Jones Lang LaSalle’s Rich Thompson (at right) is moderating a panel discussion featuring the Panama Canal Authority’s Oscar Bazan (center), Ridge Property Trust’s Jim Martel (left) and the Council of Supply Chain Management Professionals’ Rick Blasgen (second from left). 9:15 a.m. — Blasgen: “The recession diminished our (U.S.) investment in port infrastructure.” 9:20 a.m. — [...]
LIVE BLOG: Keynote Presentation at Jones Lang LaSalle Panama Canal breakfast
The Panama Canal Authority’s Oscar Bazan (left) is delivering a keynote presentation on how the $5.25 billion canal expansion project will impact supply chain networks. Highlights from his talk are below. 8:20 a.m. — The Panama Canal was first conceptualized by the King of Spain in the mid-1500s. It would be more than 360 years [...]
We’re live-blogging Jones Lang LaSalle’s Panama Canal event
Jones Lang LaSalle’s Chicago Industrial Services team is hosting a special invite-only event this Thursday morning (June 21st) entitled “The Panama Canal Expansion and its Impact on Supply Chain and Distribution.” We’ll be live-blogging all the proceedings beginning at 8:15 a.m., so be sure to check back here then. The event features a special presentation from the Panama Canal [...]
Smaller users driving activity in DuPage industrial market
Industrial leasing activity in the Chicago area has been on the up-tick throughout 2012, and no area has been hotter than DuPage County. According to Jones Lang LaSalle research, the I-355/DuPage County Industrial Corridor saw more than 621,000 square feet of total net absporption during Q1, the most of any of the 11 Chicago-area submarkets [...]
LIVE BLOG: Keith Stauber and ProLogis Central Region President Jeremy Giles at the CIP Industrial Summit
JLL’s Keith Stauber (left) kicks off today’s 9th Annual CIP Industrial Summit with a one-on-one interview with Prologis Central Region President Jeremy Giles one year after that firm’s merger with AMB created the country’s largest industrial REIT. 8:30 a.m. — Giles on the merger: “The thing about the merger, in terms of assets, was how [...]
We’re live-blogging the CIP Industrial Summit
Can’t make it to the upcoming CIP Industrial Summit? Follow all the action live, right here beginning at 8:30 a.m. on Friday June 8th. JLL’s Keith Stauber is co-headlining the event and will be conducting a one-on-one interview with Jeremy Giles, President of the Central Region for Prologis, one year after that firm’s merger with AMB [...]
Untangling Chicago’s rail traffic mess
The New York Times, on Monday, provided a thought-provoking progress report on the ongoing C.R.E.A.T.E. project to ease rail congestion in and around Chicago. Did you know that 1/4 of all U.S. rail traffic — and fully 1/2 of all intermodal rail traffic — moves through the Chicago area? That kind of volume, as has [...]
Office tenants still king in the suburbs
With high vacancy rates still plaguing the 98 million-square-foot suburban chicago office market, tenants are taking advantage of opportunities to extend or expand their current leases or upgrade facilities at favorable rates, JLL’S Dan McCarthy tells Crain’s Chicago Business: “Tenants are being opportunistic. If they’re in a Class-B building, they can maybe move to a Class-A building [...]