Fitness chain plans to open around 35 local stores
Workout chain Orangetheory Fitness plans to open about 35 gyms in the Chicago area over the next few years as part of a 50-store rollout across the state, according to Orland Park-based investor Brad Ehrlich, the master franchisee for the state for Orangetheory’s parent company, Fort Lauderdale, Florida-based Ultimate Fitness Group LLC. The firm has…
L.A. Fitness lease boosts proposed shopping center
A Chicago developer is teeing up a 73,500-square-foot shopping center on the Southwest Side, another example of how retail builders are focusing on places with high population densities… …First American’s site “is not a true gentrification area, but in today’s day and age, people are developing in high-income or high-density areas, or both. This certainly…
Melrose Park shopping center fetches 61 percent more than 2011 price
The owner of a Melrose Park shopping center has cashed out for a big gain about two years after buying the property from its lender… …For Cole, a Phoenix-based real estate investment trust, the property was an attractive bet because there are few large retail spaces available in Melrose Park, making it easier to fill…