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May 14, 2021 Colliers International Chicago’s Jeff Devine and Steve Disse represented CA Ventures in the sale of 500 E. Devon Ave. to a fund managed by Goldman Sachs for an undisclosed price.  Completed in 2020, 500 E. Devon Ave. is a 146,029-square-foot distribution center with 32’ clear ceiling height and generous loading accommodations.  The multi-tenant, small bay facility provides immediate access to the U.S. interstate network and O’Hare International Airport. It attracts a wide pool of industrial users who, in turn, draw from the broad local lab...

State waiting for Galway village police reform plan | The Daily Gazette SECTIONS By Stephen Williams/Staff Writer | April 29, 2021 GALWAY — Nearly a month after the state’s April 1 deadline for communities with police departments to submit mandatory police reform plans, the village of Galway in Saratoga County is the only Capital Region community that has yet to comply. As of this week, about a dozen municipalities out of 494 with police departments have yet to submit plans to the state, and many of them small and rural, like tiny Galway. That number is down from nearly 40 agencies that ...

One year after the start of the coronavirus pandemic, the Chicago-area industrial market’s vacancy and rental rates have nearly returned to pre-pandemic levels, according to a new report from Newmark. Although the industrial sector took a hit in the first few weeks of the crisis, it began climbing back once the shock wore off and tenants saw increased demand from homebound consumers purchasing goods online. Many resumed signing leases, sending vacancy down to 6.2% in Q1 2021, a decade low, and recently have shown a willingness to pay more for space. Courtesy of Newmark “This sentime...

Share via Shortlink 1151 East Laraway Road in Joliet with Clarion Partners CEO David Gilbert and Exeter Property Group CEO Ward Fitzgerald (Google Maps) Exeter Property Group picked up a 730,000-square-foot distribution center in Joliet, adding to the investment firm’s extensive industrial portfolio in the Chicago area. Exeter acquired Laraway Distribution Center from Clarion Partners for roughly $45 million. Colliers International’s Jeff Devine and Steve Disse represented the seller, and announced the deal. Built in 2008, the Class A Laraway warehouse is located at 1151 East Lara...

By Jade Martinez-Pogue, Noozhawk Staff Writer | @MartinezPogue  January 31, 2021 | 9:30 p.m. The fluid COVID-19 reopening guidelines and ever-changing restrictions have wreaked havoc on the small business community throughout Santa Barbara County, but local organizations have stepped up to act as a lifeline to help them in their time of need. The Santa Barbara Better Together Fund is one example of how community organizations came together to lend a hand to struggling small businesses. The fund has already donated more than $1 million to 150 small businesses. The fund, a partnership o...