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Digital Enablement Fueled 2021 Capital RaisingThe right technology—and how you integrate it into your investment management operations—can get your IR team to work in harmony and allow you to better target deal communications so they resonate with the right investors. But more importantly, technology can help you raise more capital. And given that some expect the deal pipeline to pick up this year, that could be the thing that gives you an all-important edge over your competitors in 2022. Read more
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The Warehouse Boom Is Making Truck Parking An In-Demand Product TypeThe rise of e-commerce is driving demand for industrial real estate in Chicago as investors seek to build logistics-related properties. Brookfield Asset Management and logistics investor Elion Partners said today that it teamed up to develop about $1 billion of real estate at Elion Logistics Park 55, a 2,500-acre industrial park located at Interstate 55 and Lorenzo Road in Wilmington, Illinois. Read more
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The Warehouse Boom Is Making Truck Parking An In-Demand Product TypeTom Barbera formed Industrial Outdoor Ventures in January 2017 with one goal: to carve a niche within industrial real estate from truck and trailer lots, container yards and freight terminals. The assets he is considering are parking only — no property on-site beyond maybe some truck repair services — often where access to warehouses is short. Trucks from haulers and shipping and logistics companies can park there short or long term. Read more
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Chicago industrial real estate sales far outpace 2020 figuresDemand for logistics space drove $1.5B in sales across 150 transactions in the first half of 2021
Strong demand for warehouses and distribution centers in Chicago is forecast to surpass last year’s sales volume. The city’s industrial real estate sales totaled $1.52 billion in the first half of this year, on track to blow past last year’s $2.13 billion in sales, according to data from CommercialEdge. Read more |
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Cinelease Studios to Expand Georgia Operations, One of the Largest Film Studios in the CountryGovernor Brian P. Kemp today announced that Cinelease Studios will expand its Georgia operations, Three Ring Studio in Covington. Cinelease currently serves the Peach State’s film industry via three locations in Clayton, Gwinnett, and Newton Counties. The expansion at Three Ring will include eight new stages, enhancing the campus to a total of 14 purpose-built sound stages and providing a total of 276,000 square feet of stage space, 100,000 square feet of office space, and an additional 72,800 square feet of flexible space, upon its completion in 2023. Read more
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A Tight Market For Industrial Service Facilities Is About To Get Tighter And Investors Sense OpportunityEveryone is becoming more accustomed to seeing small trucks roam their neighborhoods, delivering goods ordered online. But even as the coronavirus pandemic greatly intensified demand for these services, most municipalities are reluctant to approve proposals to develop new industrial service facilities where distributors and other businesses can store, maintain or dispatch vehicles, heavy equipment or bulk materials. Read more
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CIM-Funded Expansion To Make Covington Studio One Of Georgia's LargestA year after introducing Hollywood to Covington, Georgia, the owner of the Cinelease Studios-Three Ring, has secured financing for a massive expansion that will position the new production facility to be among the largest in Georgia. Read more
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Investors Searching For Price Ceiling On Industrial Outdoor Storage Sites Amid Red-Hot CompetitionAs the industrial outdoor storage sector drafts on the incredible strength of the distribution center market, landlords are doing everything they can to capitalize on the unprecedented demand, from both investors and tenants. Read more
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Woodvale, Timber Hill Secure Financing for Movie Production Campus Expansion in Covington, GeorgiaA joint venture between Atlanta-based Woodvale LLC and Chicago-based Timber Hill Group has secured an undisclosed amount of construction financing and recapitalization for the expansion of Cinelease Studios – Three Ring, a TV and film production media campus in Covington. Eastdil Secured arranged the financing through Los Angeles-based CIM Group. Pattillo Construction Corp. is the general contractor for the project. The development cost was not disclosed. Read more
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Chicago private equity firm: "Jax is a priority"Chicago-based private equity group Timber Hill Group purchased three Jacksonville area properties for a combined $9.5 million. All three properties are industrial and related to logistics, which the company said was what made them attractive for acquisition. Read more
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Timber Hill Group and Champion Realty Advisors launch new TH Logistics Fund ITimber Hill Group (Timber Hill), a private equity firm specializing in the acquisition and development of logistics related industrial real estate, in a joint venture with Chicago-based Champion Realty Advisors, recently launched its newest investment vehicle, TH Logistics Fund I. Read more
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Timber Hill Group adds acquisitions associate to rosterJacob Daitch has joined Chicago-based Timber Hill Group, a private equity firm specializing in the acquisition and development of ecommerce and logistics-related industrial real estate, as an acquisitions associate. Read more
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Timber Hill completes $2.8M renovation
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The warehouse boom is making truck parking
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Cary goldman launches new venture, timber hillCapitalizing on the rise of e-commerce and the increasing demand for last mile distribution, real estate executive Cary Goldman has launched a new venture, Timber Hill Group LLC, a private equity firm specializing in the acquisition and development of logistics-related industrial real estate. Headquartered in Chicago, Goldman will target value-add product in major markets throughout the Midwest, investing in properties that are core components of the global supply chain.
Read More See related articles: Connect Chicago |