Real estate firm CBRE‘s recent report indicates that Chicago’s retail vacancy rate is 8.9%, the lowest the city has seen since 2013. Rents have reached $18.75 per square foot, an increase of $1.12 over the previous year. The growth is led by a surge in furniture retailers and fast casual restaurants. Read the Chicago Tribune story here
McShane completes construction of Nollie Luxury Apartments in Arizona
Construction is completed at Nollie, a 219-unit luxury multi-family development in Tempe, Arizona. McShane Construction Company delivered the project on behalf of repeat client Milhaus. The Qualified Opportunity Zone (QOZ) development is