In the News

commercial real estate tech
Submitted on December 6, 2017
One of the biggest catalysts for change in the commercial real estate industry in upcoming years will be technology. However, for the most part, commercial real estate has been slow to change, adapting to new technology at a much more gradual pace. This is about to change.
Read More about Big-Picture Changes In Commercial Real Estate
Submitted on December 4, 2017
Micheal Mintz, Vice President, recently brokered a lease for a 2,050 SF retail storefront in Andersonville. Smokes on Clark relocated from their previous location in Andersonville by securing a 10 year lease in the neighborhood.
Read More about Micheal Mintz leased 2,050 SF retail storefront in Andersonville
Wheeling industrial warehouse sold by Millennium Properties
Submitted on November 27, 2017
Brad Thompson and Chet Evans recently brokered the sale of a 30,000 square foot multi-tenant warehouse in Wheeling. Located at 140 Shepard Rd., the infill building was fully leased at the time of sale and features 14’ ceilings, two docks and 10 drive-in doors.
Read More about Brad Thompson and Chet Evans Sell 30,000 SF Wheeling Warehouse for $1.4 Million
Submitted on November 27, 2017
Millennium Properties is a proud sponsor of Geoffrey Baer’s latest special, The Chicago River Tour. This new special on the architecture and history of the Chicago River premieres tonight on WTTW-11 at 7:30 pm.
Read More about MPI Sponsors Geoffrey Baer’s Chicago River Tour Special
Passive Investing In Commercial Real Estate
Submitted on November 3, 2017
Single-family rentals have long been the standard for individuals wanting to invest in real estate. One of the reasons this method is common is because it is familiar. In a good market, the homeowner has seen the equity in their own home rise over time, showing them the potential of this type of investment. This potential entices them to invest, sometimes without knowing what they’re getting into.
Read More about Investing In Commercial Real Estate: Smarter Strategy Than Single-Family Rentals
commercial real estate market
Submitted on October 26, 2017
Despite a recent forecast from the National Association of Realtors, predicting that commercial real estate prices will plateau, the future for the commercial real estate market is still promising. While the price growth in the large markets is likely to flatten out, the sector overall will remain steady as smaller markets continue to see growth from an increase in leasing demand, as well as increased interest from investors.
Read More about Outlook Remains Bright for Commercial Real Estate Despite Price Plateau
Apartment building in Cicero sold by Millennium Properties
Submitted on October 16, 2017
Michael Mintz, a vice president of Millennium Properties R/E recently brokered the sale of a fully stabilized, 38 unit apartment complex in the heart of Cicero for $1.73 million. Mr. Mintz was the sole broker on the deal.
Read More about Michael Mintz Sells a 38 Unit Apartment Building in Cicero for $1.73 Million
selling commercial real estate
Submitted on August 3, 2017
If you are thinking about selling a commercial real estate property, you may think you can save money by listing the property yourself. However, hiring a commercial real estate broker with experience listing commercial properties for sale can end up making you more money in the long run.
Read More about Tips for Selling Commercial Real Estate
Auction land site in Fountain Square in Waukegan
Submitted on July 18, 2017
On September 14th, we will be selling a 10 acre parcel in Fountain Square in Waukegan through a sealed bid auction. The site is part of a mixed-use complex with retail, restaurants, apartments and hotels. This property is priced to sell with a minimum bid of less than $1.75 per square foot.
Read More about 10 Acre Site in Fountain Square of Waukegan to Be Sold at Auction
Fully leased suburban retail building sold by Millennium Properties
Submitted on June 21, 2017
Our team recently brokered the sale of two fully leased retail centers in Chicago’s northwest and western suburbs. Both centers are in prime locations within each suburb’s downtown area. Chet Evans sold a 9,800 square foot, two building center adjacent to a CVS location in Barrington. Brad Thompson brokered the sale of a retail/office building adjacent to the Elmhurst Metra station that includes Lou Malnati’s as a tenant.
Read More about 2 Fully Leased Suburban Retail Centers Sold by Chet Evans and Brad Thompson


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