Chicago & Midwest

Chicago-based Pearlmark closed on a $19.9 million debt investment to finance the acquisition of The Bridges of Cabarrus, a garden-style multifamily community comprising 144 units across seven three-story buildings in Kannapolis, North Carolina. The investment was originated and structured on behalf of Pearlmark Realty Senior Mortgage Partners I, L.P. The property was acquired by ESJ …

Cross Street and real estate development firms ZSD Corp. and Third Coast Real Estate recently topped off on 310 West, a nine-story boutique apartment community under construction at 310 W. Huron St. in Chicago’s River North neighborhood. Built by ZSD, the 149-unit development is expected to start pre-leasing in early 2027 and first move-ins beginning later …

Logistics Property Company, LLC has closed on a 716,318-square-foot building in Romeoville, Illinois. Situated on 34.4 acres in Chicago’s I-55 corridor, the fully leased property features cross-dock loading, 30-foot clear height, and significant auto and trailer parking. 1401 Normantown Road is the company’s first acquisition within its recently announced value-add industrial real estate venture, which …

NAI Hiffman represented Location Finders International (LFI) in an 8,105-square-foot lease with True Health at 1450 Busch Parkway in Buffalo Grove, Illinois. The new location in the 64,860-square-foot medical office building allows the concierge healthcare provider to serve individuals, families and organizations throughout Long Grove, Arlington Heights, Prospect Heights, Vernon Hills and neighboring communities. It …

Marcus & Millichap completed the sale of 5840 W. Ogden Ave., an 18,620-square-foot, net-leased Gerber Collision & Glass property in Cicero, Illinois. “This transaction provided the buyer with a newly renovated property backed by a new 15-year corporate lease with an established national, publicly traded tenant,” said Lior Regenstreif, executive managing director of investments. “The …

Lee & Associates negotiated a lease transaction for a 40,116-square-foot truck terminal located at 3301 Wireton Road, Units 101 & 105, Blue Island, Illinois. Sean Austin, principal at Lee & Associates of Illinois, represented the tenant, Beverly Freight, Inc., a licensed freight carrier. The landlord, Wireton 3301, LLC, was represented by Colin Green of CBRE. …

Berkadia announced the sale of Tivoli Green, a 458-unit multifamily property located in Mount Pleasant, Wisconsin. Senior Managing Director Pete Evans of Berkadia Chicago and Senior Director Richard Evans of Berkadia Milwaukee led the transaction on behalf of the seller, Wangard Partners, Inc. The buyer is Illinois-based Santefort Real Estate Group, LLC. Wangard has been retained to …

Miami-based real estate firm Fortec has led the acquisition of three preschool properties in Louisville, Kentucky. The transaction involves 31,326 square feet of purpose-built early education space on approximately 4.5 acres. Fortec acquired and owns two of the properties, while a Fortec investment partner owns the third. Financial terms were not disclosed in the announcement. …

Millennium Bank has officially opened its newly renovated Bridgeport banking center. Following its January 2025 acquisition of Pulaski Savings Bank, Millennium Bank invested in the historic property at 3156 S. Morgan Street, rebuilt branch operations and expanded its presence in Chicago. A centerpiece of the reopening is a new 120-foot exterior mural by Chicago artist …

Essex Realty Group completed the sale of the Chicago Lawn Portfolio, a 68-unit, three-building multifamily portfolio located at 6321–31 S. California Avenue, 6355–57 S. California Avenue, and 6400 S. Fairfield Avenue in Chicago’s Chicago Lawn neighborhood. The portfolio sold to Icarus Investment Group for $5.23 million, or $77,000 per unit. Essex Realty Group Directors Jesus …

Becovic Residential has acquired the historic mixed-use property at 5154 N. Clark Street for $20 million and is introducing it under its new name, The Quarters at Andersonville. Built in 1923 and occupying a full city block at the intersection of Clark Street, Foster Avenue and Ashland Avenue, The Quarters at Andersonville includes 81 apartments …

Essex Realty Group is marketing 1628-1630 North Wells Street for sale, a mixed-use property ideally situated in Chicago’s Old Town neighborhood. The offering features four residential apartments, ground-floor retail space, a two-unit coach house, and 12 outdoor parking spaces.Essex Realty Group Principal Jim Darrow, Principal Jordan Gottlieb and Director Brian Keegan exclusively represent the seller …

Greenstone Partners announced the sale of 1560 N. Damen Avenue, a three-story, 4,650-square-foot mixed-use property located at the heart of Wicker Park. The property sold for $3.18 million, within approximately 3% of the asking price. The property features ground-floor retail occupied by Stan’s Donuts & Coffee, a regional bakery brand that has operated at the …

Essex Realty Group, LLC has been exclusively engaged to market for sale a 20-unit portfolio, a multifamily investment opportunity comprised of five similar buildings in Chicago’s West Town neighborhood. The portfolio features 20 residential apartments, including 15 three-bedroom, two-bathroom units. Principal Jim Darrow and Director Abe Eilian represent the seller in the offering. All five …

Waymo has acquired a 5,500-acre autonomous vehicle proving ground in Wittmann, Arizona, for $220 million. Apple, the previous owner, paid $125 million for it in 2021. The facility was the centerpiece of Apple’s self-driving car program, which has since been discontinued. The facility had also been used as a test facility for Fiat Chrysler. It …

After acquiring Comerica Bank last May in a $10.9 billion deal, Fifth Third Bank plans to establish its Texas headquarters at Preston Center, near the Dallas North Tollway and Northwest Highway intersection. D Magazine reports Fifth Third also plans to exit its lease at Comerica Bank Tower in downtown Dallas, a high-rise Comerica relocated to from Detroit …

The Midwest multifamily markets have been among the leaders in annual rent growth for the past few years, attracting investors and developers. At the recent Connect Midwest Multifamily Trends 2026 event in Chicago, hundreds of industry professionals gathered to hear insights into the opportunities and challenges facing the sector across the region. In a panel …

JLL arranged the $50.5 million sale and secured acquisition financing for the Midwest Distribution Portfolio, a strategically positioned collection of four industrial properties totaling 608,316 square feet across the Minneapolis and Milwaukee metropolitan areas. JLL represented the seller, Biynah Industrial Partners, in the transaction. Working on behalf of the new owner, JLL also secured the …

JLL announced the sale of New Albany Tech Park 300, a 300,400-square-foot industrial distribution center located at 12550 Jug St. in New Albany, Ohio. JLL represented the seller, VanTrust Real Estate, in the transaction. Realty Income acquired the asset. Completed in 2026, the brand-new distribution facility features state-of-the-art specifications that modern logistics users require. The …

JLL arranged the $20.55 million sale of Hilliard Rome Commons, a 106,922-square-foot power center located at 1710 Hilliard Rome Road in Hilliard, Ohio. JLL represented the seller, RCG Ventures, LLC, in the transaction. CASTO acquired the asset. Built in 2002, Hilliard Rome Commons is a 100% occupied retail center anchored by Burlington, HomeGoods, Ulta Beauty, …

Opus today announced that the Liberty Heartland Logistics Center in Liberty, Missouri, is fully stabilized. Liberty Heartland Logistics Center is a 1,659,570-square-foot three-building industrial park Opus developed and built on 165.57 acres, 20 miles outside of Kansas City, Missouri.  Recent leasing activity at the development includes commitments from Wagner Logistics, a leading third-party logistics provider, for 317,000 …

Price Brothers has appointed CBRE as the exclusive leasing agent for Valencia Place, a 10-story, approximately 250,000-square-foot office building at 444 W. 47th St. in Kansas City, built in 2000. Designed by CDFM2 before its merger with HOK, Valencia Place has long served as home to Lockton Companies, which plans to relocate to a larger footprint …

Subtext has officially opened LOCAL on Delmar, a new, mixed-use residential community in Missouri’s University City. Located at the western edge of the Delmar Loop entertainment district and less than half a mile from Washington University in St. Louis, the development transforms a long-underutilized site into a mixed-use destination featuring apartments, amenities, collaborative workspaces, and …

Northmarq’s St. Louis Investment Sales team, led by Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee, arranged the sale of Whisper Hollow Apartments, a 315-unit garden-style multifamily community located at 12430 Whisper Hollow Dr. in Maryland Heights, Missouri. Northmarq represented the seller, Banner Real Estate Group, in the transaction. The buyer is Monarch Investment …

Ambrose has broken ground on two buildings at the Indianapolis Logistics Park – Northwest, a 104-acre modern industrial park in Whitestown, Indiana, part of Greater Indianapolis. The two buildings are being developed on a speculative basis and are designed to accommodate a range of industrial uses, totaling approximately 947,000 square feet. The construction of the …

Ambrose announced the sale of a 233,348-square-foot modern distribution facility located at 5163 Perry Worth Road, in Whitestown, Indiana. The building, which is part of the wider Indianapolis Logistics Park – Northwest, a four-building, 95.5-acre industrial park developed by Ambrose, is fully leased to a global healthcare services and products company that provides solutions for …