SKOKIE, ILL. AND MUNSTER, IND. — Bradford Allen has negotiated two leases on behalf of Illinois Retina in the Chicago market. The medical services provider signed a 16,228-square-foot lease in Skokie, Ill., as well as an 8,728-square-foot lease in Munster, Ind., about 30 miles southeast of Chicago. Craig Nadborne of Bradford Allen negotiated the leases for Illinois Retina. Nadborne has completed more than a dozen renewals, relocations, expansions and renegotiations on behalf of the tenant over the past 20 years. The Skokie office is at Concourse Office Plaza. The long-term transaction marked a renewal and expansion from approximately 3,000 square feet. The property comprises two 12-story medical office buildings. Illinois Retina’s Munster office relocated from a smaller facility to 9200 Calumet Ave., a single-story medical office complex.
The story in Charlotte’s office market today is a continuation of what began to take shape last year — only now, the activity behind it is real and measurable. The tenants that were cautiously exploring the market in 2024 have re-engaged, and many are now making decisions with greater clarity around their long-term space needs. Leasing volume reflects that shift. Activity reached roughly 1.4 million square feet in the first quarter of 2026, a significant increase year-over-year, with the majority of deals driven by new leases and expansions. That’s been the biggest change over the past 12 months: groups that were once on the sidelines are now moving forward, and deal velocity is picking up across multiple industries. At the same time, demand remains highly focused on quality. Class A buildings continue to capture most of the leasing activity, accounting for nearly 70 percent of total volume and leading overall absorption, which approached 400,000 square feet in first-quarter 2026. The best-performing assets in Uptown, Midtown and South Park are seeing steady occupancy gains, with rents at the top of the market pushing into the high-$50s per square foot. That said, the conversation around quality is becoming more nuanced. While top-tier …
CHICAGO — Swanson, Martin & Bell LLP has signed a long-term headquarters lease restructure and renewal at 330 N. Wabash Ave. in Chicago. The 52-story riverside office tower is the last building in the U.S. designed by renowned architect Ludwig Mies van der Rohe. The property features 35,000-square-foot floor plates, floor-to-ceiling windows, 12-foot ceilings and panoramic views of the city. Dan Arends, Dougal Jeppe, Corby Marx, Joe Stevens and John Arends of Colliers represented the tenant, which is known nationally for its extensive jury trial experience. In addition to its Chicago headquarters, the law firm maintains six offices throughout the Midwest. The firm has grown from 13 lawyers in 1992 to over 140 lawyers in 30 practice areas today.
COLUMBUS, OHIO — Caddell Construction has opened a new corporate office in Columbus within Grandview Yard. Despite launching its first corporate office in the state, the company is not new to Ohio — its first job dates back to 1989. The move comes as Caddell continues to experience significant growth across Ohio and the Midwest, driven by increasing demand for mission-critical, advanced manufacturing, education and complex commercial projects. Vice President Justin Spafford will lead the Columbus office, which features gathering spaces at the front of the building. The expansion is supported by Caddell executive and longtime Columbus construction leader Bob Cunningham, who joined Caddell in early 2025. Alabama-based Caddell is a full-service general contractor with more than $24 billion in projects across 38 countries.
MIDDLEBOROUGH, MASS. — INDUS, a locally based roadway rehabilitation and pavement preservation contractor, will open a 75,000-square-foot headquarters facility in Middleborough, located south of Boston. INDUS purchased a parcel within The Campus at Canopy Drive, an approximately 700,000-square-foot development owned by VMD Cos., earlier this year for $11.6 million. Design work is underway on the facility, which will include 7 acres of outdoor storage space and will also function as a consolidated hub of field operations, bringing 20 permanent new jobs to Middleborough. CBRE is the leasing agent for The Campus at Canopy Drive.
Slatt Capital Arranges $12M in Acquisition Financing for Office Property in Rohnert Park, California
ROHNERT PARK, CALIF. — Slatt Capital has arranged $12 million in acquisition financing for a multi-tenant, 68,094-square-foot office building in Northern California. Located at 5900 State Farm Drive, the property was built in 1973. The Standard, a life insurance company lender, provided the nonrecourse loan, which features a structured staggered term and a 30-year amortization schedule. Sarah Armstrong and Daniel Friedeberg of Slatt Capital led the transaction, while Jonathan Siewert served as analyst.
CHARLOTTE, N.C. — Trinity Capital Advisors and Town Lane have begun renovations on 440 South Church, a 15-story, 388,657-square-foot office building in Uptown Charlotte. Current tenants at the Class A property include Driven Brands and HDR Engineering. Updates to 440 South Church will include a redesigned lobby, new lounges, upgraded building systems and renovations to the street-level arrival points, amenities and common areas. Trinity Capital originally developed 440 South Church in 2009 and acquired the property last October in a joint venture with Town Lane. The design-build team for the renovation includes architectural firm Redline Design Group and general contractor Choate Construction. The team plans to finalize the renovation work by early second-quarter 2027.
NEW YORK CITY — San Francisco-based Airbnb has purchased 281 Park Avenue South, an office building in Midtown Manhattan, for $81.5 million, according to reports from multiple news outlets, including The Wall Street Journal (WSJ) and the New York Post. The landmarked, six-story building is known locally as Church Missions House. According to WSJ, which was first to report Airbnb as the buyer, the purchase comes “as the company continues to lobby local and state officials for loosening of the city’s strict restrictions on short-term rentals.” The Post reports that the 42,500-square-foot building will serve as “a dedicated hub for Airbnb’s New York workforce, which numbers more than 600 employees in the region.”
DALLAS AND CHARLOTTE, N.C. — Global real estate company Lincoln Property Co. has acquired The Spectrum Cos., a full-service real estate firm based in Charlotte. The acquisition enhances Lincoln’s platform in the Carolinas region. Johno Harris, senior executive vice president at Lincoln, and Stephen McClure, CEO of Spectrum, will be leading Lincoln’s Carolinas platform, which will now also include Spectrum’s Northern and Central Florida’s multifamily business. Since its inception in 1982, Spectrum has developed nearly 7,000 multifamily units and currently leases and manages a total of 4.4 million square feet of assets. With this new partnership and investment in the platform, the combined firm is poised to ramp up its development and acquisition pipeline across both multifamily and commercial real estate. “Our shared values are the foundation for seamless integration, and Lincoln’s full-service platform and national resources will only strengthen what we’ve already built,” says McClure. Darryl Dewberry, Spectrum’s executive chairman, will continue in his role to ensure continuity for the development and investment partnerships he has helped cultivate across the Carolinas. Lincoln says the acquisition broadens its product offerings in the region and deepens its capacity to serve clients, pursue opportunities and compete more effectively. Dallas-based Lincoln is one …
NEW YORK CITY — SPORTFIVE has signed an 18,038-square-foot office lease in Midtown Manhattan. The German sports marketing firm will occupy a full floor at 477 Madison Avenue, a 24-story building. Peter Van Duyne and Alex Lachmund of Cushman & Wakefield represented the tenant in the lease negotiations. Arkady Smolyansky and Alex D’Amario of CBRE, along with internal agents A.J. Camhi, Paul Milunec and Rob Weller, represented the landlord, RXR.