Industrial developers have been busy since the snow melted, with 8.3 million square feet of new product under construction. Look no further than North Cook County, said JLL Senior Vice President SteveTrapp, who spoke to a packed house recently at Bisnow‘s 5th Annual Industrial Summit in Rosemont.
Venture One Real Estate’s Mark Goode and JLL’s Steve Trapp
Take Cabot Properties and Seefried Industrial Properties’ 217,064 square-foot 5600-5750 W. Jarvis Avenue in Niles, the fourth redevelopment in the area in the past 12 months, which is already 60 percent pre-leased.… Read More
With e-commerce booming, industrial is adapting to new distribution challenges daily. The Chicago market, centrally located and gaining favor among global capital, finds itself at the convergence of those changes.
JLL’s Kris Bjorson
JLL’s Kris Bjorson, International Director and Head of Retail/E-Commerce Distribution, spoke to a packed auditorium at NAIOP’s All Star Industrial Panel in Rosemont last Thursday.
The panel, which also included LaSalle Investment Management Managing Director Paul White and Panattoni Development Partner John Pagliari, broke down four key market trends affecting global industrial in the Windy City.
JLL’s Chicago data center gurus — Matt Carolan, Sean Reynolds and Andy Cvengros — are hosting a discussion on data center activity in the Chicago and U.S. market, the impact data centers are making on companies of all shapes and sizes, and new trends in the marketplace.
Also on the panel are consultant Paul Schlattman of ESD and real estate… Read More
JLL CEO Colin Dyer (second from left) is one of three panelists at today’s Global Leaders Luncheon hosted by the Executives’ Club of Chicago. The topic is “Capital Flows and Global Footprint” and the other panelists are David Sayer (second from right), Global Head of Banking for KPMG, and Hung Tran (far right), Executive Managing Director of the Institute of International Finance. The panel is… Read More
JLL CFO Christie Kelly (at left above) is moderating a panel discussion on the role of real estate in today’s corporate world before a gathering of some 50 C-level executives from across Chicago. The event, which is being hosted by JLL, is taking place at the Eataly Chicago food emporium in River North.
Panelists include American Medical Association CFO Denise Hagerty; Coyote Logistics CFO Jonathan Sisler; Robert… Read More
Jones Lang LaSalle tenant representative Steve Steinmeyer (at left) has joined Katten Muchin Rosenman attorney Kellye Bowers for a panel discussion on negotiating letters of intent. The two are speaking at today’s Law Seminars International conference at the University of Chicago’s Gleacher Center.
Below is a live, minute-by-minute rundown of their discussion:
Jones Lang LaSalle’s Fred Schuler is moderating a panel discussion featuring JLL tenant representative Dan McCarthy, JLL economic incentives expert Meredith O’Connor, Catamaran’s Kristen DeLay, Capital One’s Jon Streich and Don Ricker of the architecture and design firm TVS Design.
Here’s a minute-by-minute run-down of the discussion:
8:18 a.m. — McCarthy: “A good sign for the market is that… Read More
JLL’s own Andy Cvengros (left) is participating in a panel discussion on data center development as a part of the 2nd Annual Chicago Data Center Summit & Expo at the Museum of Science & Industry. Other panelists include Server Farm Realty’s Dan Flynn, DRT’s Stephen Verp, Exuinix’s Lou Najdzin, Ubiquity’sSean Farneyand Maktub… Read More
JLL’s Doug Shehan (left) is part of a panel discussion on the state of the Suburban Chicago office market that also includes Arden Realty’s Laura Quayle Hamilton Partners’ Michael Rolfs and several others. More than 250 people are on hand to watch.
Here’s a “play-by-play” run-down of the conversation:
8:50 a.m. — Quayle on the general state… Read More
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 into our… Read More
Jones Lang LaSalle’s Matt Carolan is a part of a panel discussion on Data Center development and tenant requirements that also features City of Chicago CIO Brett Goldstein, Digital Realty Trust’s Donough Roche and Server Farm Realty’s Avner Papouchado, among others.
9:02 a.m. — Roche on Chicago-area data center demand in 2012: “We saw it coming from various sources … local and national retailers, enterprise, financial players and also Internet companies. It was a pretty… Read More
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 healthy leasing activity and what I’ll call ‘rent stabilization.’ Our occupancies are as high… Read More
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.… Read More
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. — Bazan: With strategic unloading — beginning at Norfolk — large vessels can dock at three or… Read More
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 before it was actually built and opened in 1914.
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 Authority’s Oscar Bazan as well as a Q&A session featuring Mr. Bazan… Read More
JLL’s Peter Harwood (left) is among the panelists on the “Investing in Industrial” panel here at the 9th annual CIP Industrial Summit. Other speakers include KTR Capital Partners’ Ryan Stoller and Venture One’s Mark Goode.
10:40 a.m. — Harwood on the state of the market in 2012: “The volume is up by about 25 percent year-over-year nationally, but it’s flat here in Chicago.”
A panel of experts including CenterPoint’s Paul Fisher, First Industrial’s David Harker and Ryan Cos.’s Tim Hennelly are discussing the state of the Chicago-area industrial market here at the 9th Annual CIP Industrial Summit.
9:10 a.m. — Harker on market fundamentals: “The last few years, we’ve seen a lot of growth from smaller, independent companies with bank debt (not bond debt). They’re a lot more active… Read More
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 well the two companies’ assets fit together and complimented each other. AMB had… Read More