2022 ILLINOIS REAL ESTATE JOURNAL REAL ESTATE AWARDS (pg 23) MARKETPLACE (pg 38): ASSET/PROPERTY MANAGEMENT FIRMS DEVELOPERS LAW FIRMS
©2022 Real Estate Publishing Corporation August/September 2022 • VOL.22 NO.4
BIM. Prefabs. What are the other trends infiltrating Chicagoland? By Mia Goulart, IREJ Staff Writer
Designed by renown Chicago architecture firm Jahn and built by McHugh Construction, 1000M will rise 74 floors and deliver 738 luxury rental apartments to South Michigan Avenue. Rendering by Pictury, Courtesy JAHN.
Building Information Modeling. Prefabs. Hyper-inflation. These are just some of the trends being utilized in Illinois’ current builds. For more insight, Illinois Real Estate Journal recently spoke with Dave Bartolai of Chicago-based McHugh Construction, one of the largest commercial contractors in the Midwest.
McHugh has seen another exceptional year, yet caution remains in terms of supply chain issues and the still-high cost of materials. The recent dip in commodity prices doesn’t mean current projects are any cheaper. Since the market is future-driven, Bartolai said it will take time for the small decrease to have an effect. Developers are still feeling the pinch because of this, but Chicagoland has witnessed no lack of activity — and clients are getting more specific in terms of
Is Northwest Indiana the new hub of the Midwest?
CONSTRUCTION (continued on page 16)
The Midwest is rich with opportunity when it comes to CRE, and while Chicagoland might have been the front-runner for businesses wanting to plant roots, more and more CRE professionals are shifting their gaze to another region: Northwest Indiana.
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By Mia Goulart, IREJ Staff Writer
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McColly Real Estate Managing Broker Lori Tubbs, has witnessed and contributed to the economic development of Northwest Indiana firsthand, having worked alongside it for over two decades. NORTHWEST INDIANA (continued on page 10)