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Delinquent rent in Chicago could now exceed $1B, according to a survey released last week by the Neighborhood Building Owners Alliance, a group of small and midsized Chicago landlords. The high level of delinquency brought about by the coronavirus pandemic is leading to neighborhood disinvestment. With their revenue plunging to historic lows, 65% of landlords surveyed said they expect to make fewer capital improvements. In addition, nearly half expect to cut down on repairs and maintenance. “With so much delinquent rent, many housing providers lack the funds to continue to maintain their p...

Global Logistical Connections signs lease expansion in Des Plaines April 30, 2021 Colliers International Chicago’s Ned Frank represented Global Logistical Connections, LLC, in its 100,000-square-foot lease at Route 6 Business Center located at 23647 W. Eames St. in Channahon, IL. The lease represents a significant expansion from its current location, 60 Rawls Rd. in Des Plaines, IL, where the company has 17,000 square feet. The new lease commences in June 2021. Route 6 is a new, 442,000-square-foot, Class A, cross-dock warehouse facility that features 36’ ...