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Retiring NKF US Research Director Robert Bach Notes Vast Changes in CRE Over Career

Robert Bach stepped down earlier this month as U.S. director of research for Newmark Knight Frank (NKF), saying he planned to take what he jokingly called an “unpaid sabbatical of indeterminate length,” after more than 35 years in commercial real estate, consulting and municipal and regional planning, including more than two decades as senior vice president and chief economist for the former Grubb & Ellis Co.

Bach, based in Chicago for most of…

Cityworks Leases 15,800 SF in Schaumburg

Cityworks, a GIS-centric asset management company, signed a 10-year lease for 15,800 square feet of office space in the Hyatt Regency Hotel at 1800 E. Golf Rd. in Schaumburg, IL.

The hospitality building delivered in 1982 and totals 542,655 square feet of hospitality and office space over five stories. Cityworks is slated to take occupancy in September, according to CoStar information.

Kevin Gallagher of Fitzgerald Commercial represented the…

Greco & Sons to Open New 300,000-SF Distribution Facility in Bartlett

Greco & Sons, an importer, distributor and manufacturer that caters to the food service industry, paid $17.5 million, or approximately $58 per square foot, for 1340 Brewster Creek Blvd. in Bartlett, IL where the company will establish a new distribution hub.

The vacant 300,608-square-foot facility was constructed in 2008 on 15.7 acres within the Brewster Creek Business Park. Features of the property include 30’ clear height, 64 exterior docks,…

Office Lease Up (June 19) Apache Corp. Extends 524,000-SF HQ Lease at Post Oak Central for Two Years

Apache Corp. (NYSE: APA) has signed a renewal that will keep the petroleum and natural gas exploration and production company’s headquarters at Post Oak Central in Uptown Houston for 26 more months.

The extension includes all 524,000 square feet Apache occupies across Post Oak Central One and Post Oak Central Three, two 24-story office towers completed in 1975 and 1981, respectively, along Post Park Blvd. near I-610 and the Galleria Mall.

Tim…

CoStar’s People of Note (June 16) – WCRE Promotes Mannino, CA Ventures Recruits Spellman…

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Philadelphia, Chicago, Las Vegas, Washington DC, Portland, Toronto, Milwaukee / Madison, Boston and Los Angeles.
PHILADELPHIA
WCRE Promotes Mannino to COO
By Justin Sumner

Anthony Mannino has been promoted to chief operating

Convene to Establish First Location Away from East Coast with 55,000-SF Lease at Willis Tower

Convene has selected the iconic Willis Tower in downtown Chicago for the site of its first location outside of the East Coast.

The New York City-based workplace-as-a-service platform and the operator of a network of full-service meeting and event venues signed a lease to occupy a full floor totaling roughly 55,000 square feet in the 110-story, 3.9 million-square-foot landmark high-rise.

Convene’s Willis Tower space will be designed by the company…

Ensemble IQ Renews, Expands HQ Lease at International Tower

EnsembleIQ, a business intelligence provider, signed a long-term deal to renew and expand its corporate footprint at the International Tower in Chicago to 19,800 square feet.

EnsembleIQ is the result of a merger of the space’s previous occupant, Path to Purchase Institute (PTPI), and Stagnito Business Information. PTPI previously occupied 12,800 square feet in the building; the expansion was needed to accommodate the combined staff.

“We conducted…