Ryder Last Mile Inc., a Miami-based last-mile logistics and transportation company, is leasing 75,290 square feet at the Park 94 industrial park in Mount Pleasant.
May 7, 2021
LAURENS Leland J. “Bud” Hawley, age 97, of Laurens, passed away Friday, April 23, 2021, at the Laurens Care Center in Laurens, Iowa.
Funeral service is 10:30 A.M., Wednesday, May 12, 2021, at the United Methodist Church in Laurens, Iowa, with Rev. Ed Frank and Rev. Jim Davis officiating.
Burial will be at Laurens Cemetery near Laurens, Iowa with military rites by the Laurens V.F.W.
Visitation will be held from 6 – 8 P.M., Tuesday, May 11, 2021, at Powers Funeral Home – Sacred Heart Chapel in Laurens.
Masonic rites will be held at 8 P.M., Tuesday, May 11, 2021, at Powers Funeral Home – Sacred Heart Chapel in Laurens.
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 properties,” NBOA President Michael Glasser said in a press release.
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’ clear ceiling height, 75 exterior docks (expandable), 88 trailer spots, 50’ x 53’ column bays, 60’ loading bays, two drive-in doors and a 7” reinforced concrete slab system. The building has immediate access to the full interchange at I-55.
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 sentiment of only a slight dip in the market as opposed to a full long-term stop is reflected in the rental rates on transactions completed during the pandemic,” according to the Newmark report.