Tuesday, January 13, 2026
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AcquisitionsIllinoisMidwestMultifamily

JLL Brokers Sale of 293-Unit Apartment Community in Carol Stream, Illinois

by Kristin Harlow

CAROL STREAM, ILL. — JLL Capital Markets has brokered the sale of Renaissance at Carol Stream, a 293-unit apartment community in the western Chicago suburb of Carol Stream in DuPage County. Built in 1970, the property features a pool, full-size indoor basketball court and fitness center. There are 17 buildings, and units average 883 square feet. Current ownership has renovated 129 units. Kevin Girard, Mark Stern and Zach Kaufman of JLL represented the seller, Chicago-based Bender Cos. The buyer was Highlands Vista Group.

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AcquisitionsMidwestMixed-UseWisconsin

Colliers Negotiates $6.8M Sale of Mixed-Use Portfolio in Brookfield, Wisconsin

by Kristin Harlow

BROOKFIELD, WIS. — Colliers has negotiated the $6.8 million sale of Six65 Brookfield in suburban Milwaukee. The portfolio features a 24-unit apartment building and a three-unit mixed-use property along Brookfield Road. Ted Stratman and Tyler Hague of Colliers brokered the transaction. The asset sold to a California-based investor completing a 1031 exchange.

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KansasLeasing ActivityMidwestRetail

Made in KC to Open at Oak Park Mall in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Made in KC, a retailer selling local goods, gifts and apparel, will open at Oak Park Mall in the Kansas City suburb of Overland Park. The deal marks the brand’s 11th location in metro Kansas City. David Block of Block & Co. Inc. Realtors represented the tenant, which provides a platform for 200 local artists, designers and makers to reach customers throughout Kansas City and across the country. The new store at Oak Park Mall will span 1,560 square feet on the upper level closest to Dillard’s. The store is expected to open soon and will occupy the former Nine Leather & Watches space.

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Warehouse image. Industrial photo by CHUTTERSNAP on Unsplash.
AcquisitionsContent PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesMidwestMixed-UseMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Lee & Associates’ Report: Q3 Results Shaped by Market Uncertainty, Questions of Legality, Tariffs, AI Considerations

by Sarah Daniels

Lee & Associates’ 2025 Q3 North America Market Report examines a commercial real estate landscape experiencing some pauses as the effects of exogenous forces work their way through the market. Economic and legal questions, the second- and third-order effects of tariffs, persistently high costs, unemployment concerns and the new realities of artificial intelligence (AI) have combined to produce mixed results across all property types. Demand for office and retail has increased (and their respective pipelines remain constrained). Of the four property types covered in the report — industrial, office, retail and multifamily — only retail saw transaction momentum in the previous quarter. Meanwhile, the overbuilt industrial and multifamily sectors have witnessed weakening or negative demand in the third quarter. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below reveal a market that seems to be holding its breath, awaiting new information. Industrial Overview: Markets Await Tariff Clarity Net absorption of industrial space increased in the third quarter across North America, but demand was weak and failed again to keep pace with the supply of new buildings, while tenant growth remained hobbled by tariff concerns and interest rates. In the United States, following 8.1 million square feet …

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DevelopmentIllinoisIndustrialMidwest

Hillwood, Clarius Break Ground on 920,123 SF University Park Logistics Center in Metro Chicago

by Kristin Harlow

UNIVERSITY PARK, ILL. — Hillwood and Clarius Partners have broken ground on University Park Logistics Center, a 970,123-square-foot speculative industrial development in University Park, a southern suburb of Chicago. Situated by the I-57 interchange at Stuenkel Road, the site provides access to 85.5 million people within a single day’s drive, according to the developers. David Bercu and Jim Estus of Colliers are marketing the project for lease.

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AcquisitionsIllinoisMidwestMultifamilyRetail

Marcus & Millichap Brokers $15.5M Sale of Apartment, Retail Property in Chicago

by Kristin Harlow

CHICAGO — Marcus & Millichap has brokered the $15.5 million sale of a property in Chicago comprising 22 multifamily units and five commercial suites. Located at 1542 N. Damen Ave. and 2010 W. Pierce Ave. in the Wicker Park/Bucktown neighborhood, the asset is within walking distance of the CTA Blue Line and multiple bus routes. The residential units include a mix of one- and two-bedroom floor plans. The commercial spaces are fully leased to La Colombe, Urbanbelly, Blue Line Lounge & Grill, Eccentric Fitness and the Kadampa Meditation Center. Kyle Stengle of Marcus & Millichap represented the seller and procured the buyer, Stocking Urban LLC.

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AcquisitionsMidwestRetailWisconsin

Mid-America Arranges Sale of 167,533 SF Point Loomis Shopping Center in Milwaukee

by Kristin Harlow

MILWAUKEE — Mid-America Real Estate Corp. has arranged the sale of Point Loomis, a grocery-anchored shopping center in Milwaukee’s Southpoint neighborhood. The fully leased property is home to Kohl’s, Pick ’n Save, Chase Bank, Dunkin’, Tropical Smoothie Café and Spectrum. Joe Girardi, Patrick Corrigan and Dan Rosenfeld of Mid-America represented the seller. A private buyer purchased the asset.

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DevelopmentMidwestRetailWisconsin

Topgolf Begins Development of First Venue in Wisconsin Near Madison

by Kristin Harlow

MONONA, WIS. — Topgolf has broken ground on its first venue in the state of Wisconsin. The two-level venue is set to open in fall 2026 and is located in Monona, about eight miles east of Madison. Topgolf will employ about 200 to 250 people at the property at 6400 Gisholt Drive. Topgolf Wisconsin will feature 72 outdoor climate-controlled hitting bays. Each bay will have lounge-type furniture or high-top tables. The venue will be equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. There will also be a full-service restaurant and bar, more than 100 TVs, music and year-round family-friendly programming. An event space and outdoor patio will allow for team outings, family gatherings, meetings or celebrations.

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Leasing ActivityMidwestOfficeOhio

CBRE Signs 19,500 SF Lease to Relocate Columbus, Ohio Office

by Kristin Harlow

COLUMBUS, OHIO — CBRE has signed a 19,500-square-foot lease at 10 W. Nationwide Boulevard, a trophy office building within the Arena District in downtown Columbus owned and developed by Nationwide Realty Investors. The firm will relocate form 200 Civic Center Drive in summer 2026. The new office on the fifth floor is part of CBRE’s Workplace360 program, which includes innovative technology and a variety of collaborative spaces designed to support hybrid working. Brandon Ellis and David Morgan represented CBRE on an internal basis. CBRE has also been named the leasing agent for 10 W. Nationwide Boulevard, which rises five stories and totals 200,000 square feet. Designed by Ohio-based architectural firm Lupton Rausch, the building features an outdoor area that connects to parking areas and nearby amenities. The lobby and first-floor amenity space are being updated to include refreshed conference rooms and a café with indoor and outdoor seating.

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Market ReportsMidwestMidwest Market ReportsMissouriRetail

Redevelopment Projects to Reshape St. Louis Retail Corridors

by Kristin Harlow

By Emily Ackley, NAI DESCO The St. Louis retail market could be perceived as a contrasting story — national headlines continue to spotlight store closures and shifting consumer habits, and yet on the ground, St. Louis is working to write a quite different narrative.  Vacancy rates remain tight, redevelopment projects are reshaping corridors and both suburban and urban districts are evolving to meet the demands of today’s consumers. It is not a market without its challenges, but St. Louis retail is far from stagnant.  Market conditions As of the second quarter of 2025, the St. Louis retail market experienced a dynamic shift as a result of low vacancy rates, evolving consumer behavior and significant redevelopment projects across the St. Louis MSA.  The overall retail vacancy rate stands at 4.7 percent, reflecting a 40-basis-point decrease quarter over quarter and an 80-basis-point decrease year over year, indicating a tightening market.  Leasing activity remains robust, particularly in suburban areas of St. Louis, such as West County and St. Charles County, where vacancy rates have decreased by up to 140 basis points in the past year.  This is being supported by a combination of steady population growth in the suburbs, shifting migration patterns and …

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