NAI Hiffman Brokers Western Springs Medical Office Sale

May 12, 2011

As reported in REjournals.com on May 4, 2011 

WSMC Partners LLC has completed the purchase of the newly named Western Springs Medical Center, a former garden center located at 4700 Commonwealth Drive in Western Springs, Illinois. Read more

Posted by NAI Hiffman | Filed Under Lease, Medical, Office, Press Releases, Sale 

NAI Hiffman Reports Market Improvement for Second Consecutive Quarter

May 10, 2011

As reported by Mark Thomton in REJournals.com

Conditions improved in the suburban and downtown office markets for the second consecutive quarter, according to NAI Hiffman’s First Quarter 2011 Chicago Office Report. (Download 1Q 2011 office and industrial reports here.)

Total vacancy in the Chicago area improved slightly in the first quarter of 2011, with the downtown office market recording 575,085 square feet of positive absorption and the suburban market 417,590 square feet of positive absorption, for vacancy rates of 16.14 percent and 22.63 percent respectively. Read more

Posted by NAI Hiffman | Filed Under General Business