If you haven't already heard, the Mega Millions has climbed to a historic $1.6 Billion, since there was no winner on Friday's drawing last week. In order to win, you must match all of the winning numbers, which includes: 5 numbers between 1-70 and the Mega Million ball between 1-25. What are your odds to win? 1 in 302,575,350.
Sweater weather, pumpkin carving, and haunted houses, fall is the season to explore the great outdoors and the beautiful scenery nature has to offer. Whether you're visiting the pumpkin patch, hanging out with friends at Oktoberfest, or picking apples for homemade pie, events are taking place all over the Chicagoland area this fall. Take advantage of the fun and make some memories!
In 2001, a gallon of gas was $1.46, Wikipedia launched online, and Apple released the first ever iPod. This was also the last time Chicago has seen one of its lowest vacancy rates in the industrial market. In the second quarter of 2018, the vacancy rate was at 6.44%.
Fall is right around the corner, but don't let that stop you from having fun. Extend your summer with these exciting events going on in the Chicagoland area!
Get ready for good times and BBQ in July! From the city to the suburbs, we have you covered on what festivals you should visit to add more fun in your summer.
Summer in Chicagoland is unlike any other. Whether you're soaking up the rays at the beach, running along the lakefront, or enjoying the array of cuisines, there are plenty of adventures to fill up your summer. Chicago prides itself on highlighting the melting pot of various neighborhoods throughout the city and the suburbs. Within these neighborhoods and the Chicagoland area, events take place every day in the summer; yes, every day!
An Industrial Corridor Modernization Initiative approved by Mayor Rahm Emmanuel is in the works for the North Branch Industrial Corridor of the Chicago River. With local authorities exploring the options for adding more industrial zones along the river, this would bring more businesses and jobs to Chicago. Many companies who could not expand or even begin their business in the city due to the strict zoning laws, were forced to relocate out of Chicago. As stated in the CP Executive article, “Developers will pay fees back to the fund and the Neighborhood Opportunity Bonus system has expanded to the southern portion of the corridor and a North Branch Corridor Bonus system in the northern part of the corridor was created.”
Consumers have become accustomed to receiving their items within a few days as a result of companies like Amazon and Walmart. So how do other businesses keep up? They purchase smaller warehouses to break up the distribution and shorten the shipping time and costs. In the current market, businesses are purchasing smaller multi-tenant warehouses, rather than additional larger industrial buildings.
SIOR Chicago announced the recipients of the Annual SIOR Chicago Transactions Awards. Cawley Chicago would like to congratulate Josh Hearne for receiving the 2017 award for Largest Dollar Volume Land Transaction with a Platinum Sponsor. Josh Hearne, SIOR of Cawley Chicago Commercial Real Estate represented Venture One Real Estate LLC, a Platinum Sponsor, for the sale of 143 acres in Channahon, IL valued at $6,229,080.
The 16th Annual SIOR Chicago Transaction Awards were held on March 27, 2018. The awards recognize SIOR members and Platinum sponsors for their distinguished transactions and accomplishments throughout the year.
A new owner has acquired 833,000 SF in office space at the Sullivan Center in Chicago. According to the article on REBusiness Online, JLL Capital Markets have sold a portion of the building for $176 million to New York-based 601W Companies. In this competitive market, the creative office space and loft ceilings only increased JLL’s chances of finding the right buyer. Bruce Miller of JLL is quoted, “This asset received significant investor interest because of its excellent location and strong tenant base…catering to the progressive tenants driving demand in this market.” Click here to read the full article on REBusiness Online.