Michael Cannon, a seasoned industry professional, has recently joined Bradford Allen as the senior managing director of development. In this role, he will oversee the adaptive reuse, renovation and new construction projects for both residential and commercial real estate properties nationwide. Prior to joining Bradford Allen, Cannon held a position as Vice President at Sterling Bay where he managed developments in various sectors including life science, office and multifamily. With his extensive experience in design and construction management teams for new projects across Illinois, Indiana Florida and Tennessee.
Cawley Commercial Real Estate (CCRE), a reputable commercial real estate firm based in Chicago area has announced several team member promotions along with an awarded scholarship recipient:
– Dustin Albers – promoted from senior associate to vice president specializing in industrial leasing/sales with expertise on O’Hare submarket.
– Justin Harris – promoted from senior associate to vice president focusing on leasing/asset dispositions of office/medical/flex spaces.
– Brayden Schiff – recipient of 2024 CCRE Emerging Leader Scholarship who started his career as an intern before becoming Associate focused on urban-infill redevelopment/adaptive reuse within Chicago’s neighborhoods.
CBRE is pleased to announce that Blake Hastings has rejoined their Minneapolis office as Executive Vice President (EVP). He will be working alongside Tad Jellison & John Lorence advising local/national/international companies regarding their real estate strategies. Hastings previously served CBRE Minneapolis between 2013-2018 overseeing strategic direction/day-to-day leadership for nearly 250 employees before taking up presidency at Oppidan located Twin Cities where he was responsible business operations & strategic planning across three offices.
Trilogy Real Estate Group , headquartered out of Chicago specializing investment/property management services is delighted welcome Margo Steahly onboard serving Senior VP Sales Operations/Due Diligence responsibilities overseeing Trilogy’s private placement offerings . She brings wealth knowledge/experience having worked Capital Square holding positions such EVP Due Diligence where she interacted with due diligence officers/ shared information broker-dealer/RIA communities supporting raising funds DST properties/opportunity zone funds & REIT.
Brown Gibbons Lang & Company (BGL) has successfully facilitated the sale of Arctic Industries and Store It Cold, portfolio companies owned by Stoic Holdings to Kinzie Capital Partners LP , a private equity firm based in Chicago. BGL’s Industrials and Engineered Equipment team acted as exclusive financial advisor for this transaction. Terms of the deal were not disclosed.
Lee & Associates recently closed two industrial lease renewal transactions totaling 112,917 square feet in DuPage County. Jeff Janda, SIOR and Mike Plumb, Principals at Lee & Associates’ Illinois office represented tenant Atlas Wire’s renewal of 54,690 square feet at 1601 Glenlake Avenue in Itasca which is owned by Prologis who was self-represented . Additionally Janda also represented landlord DRA Advisors on a renewal for their property located at 951-953 Larch Avenue Elmhurst spanning over an area measuring approximately58,227 square feet while Kevin Segerson from CBR E represented Closet Works -the tenant involved here.
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