Chicago & Midwest

Chicago-based LG Group announced a new company structure designed to support its next phase of growth, along with the appointment of Brett Carucci as the company’s chief operating officer. Under the new structure, LG Group will operate across two core business platforms, including integrated development and commercial general contracting. LG Group expects to begin more …

Tishman Speyer has refinanced The Franklin, a two-tower office complex in Chicago’s West Loop, with a $340 million CMBS loan. The loan was led by JPMorgan with Bank of America and Deutsche Bank serving as co-lenders. Proceeds from the five-year floating rate loan, structured with a two-year initial term and three 12-month extension options, will …

Cushman & Wakefield has brokered the sale of Springs at Oswego, a 280-unit apartment community in Oswego, Illinois, one of Chicago’s fastest-growing western suburbs. Cushman & Wakefield’s Brad Smith and Jack Maloney represented the seller, Continental Properties, a national developer and operator of multifamily, retail and hospitality properties. The buyer was Oak Brook, Illinois-based JVM …

Mid-America Real Estate Corporation’s Investment Sales Group has arranged the sale of Willow Creek Center, a grocery-anchored regional shopping center located in the affluent North Shore suburb of Glenview, Illinois. Positioned within one of Chicagoland’s most desirable retail corridors, Willow Creek Center features a diverse mix of national and regional retailers. The center is shadow-anchored …

Marcus & Millichap completed the sale of 421 W. Industrial Ave., a vacant, single-tenant industrial property in Effingham, Illinois. “This was an off-market owner-user sale that resulted from years of relationship-building with the sellers,” said Forest Bender, managing director of investments. “We sold the property to them years ago as part of a 1031 exchange …

Entre Commercial Realty announced the successful transaction of a 20,000-square-foot facility at 8100 River Dr. in Morton Grove, Illinois. On behalf of an owner-user seeking to purchase a suitable facility ahead of its impending lease expiration, Ian Pattison of Entre Commercial Realty identified an ideal building to meet the buyer’s operational needs in the northern …

Industrial Commercial Properties LLC (ICP) has acquired 1 Financial Parkway, a three-building, 426,788-square-foot corporate campus situated on 55 acres in Kalamazoo, Michigan. “We continue to see opportunities where good real estate can be repositioned to serve new companies and new uses. We have invested successfully in Michigan for years, and surpassing five million square feet …

Greysteel arranged the $18.1 million sale of Cudahy Commons, a 142-unit multifamily property at 2810 E. Edgerton Avenue in Cudahy, Wisconsin, a Milwaukee submarket. Greysteel represented the seller, a private investor. Peak Capital acquired the asset. The assignment was led by BJ Connolly, Senior Managing Director and head of the Midwest Multifamily team, with Doug …

Avison Young has been retained by Chicago developer Podmajersky, Inc., led by John Podmajersky III, to market a new-construction industrial development at 2100 S. Canalport Ave. in East Pilsen. The project is designed to meet growing demand for modern small-bay industrial space in one of Chicago’s most supply-constrained urban submarkets. Known for its focus on …

Pullman Gateway has achieved full occupancy, completing the transformation of a long-vacant property into a mixed-use destination developed and fully leased in just over two years. The grand opening of a 1,500-square-foot Chipotle Mexican Grill with a drive-thru at 11211 South Corliss Avenue marks the completion of the eight-acre development. The celebration also marked the …

Cross Street and Mavrek announced the start of pre-leasing at Belmora, a new boutique rental community located at 919 W. Belmont Ave. in Chicago’s Lakeview neighborhood. The first phase of the five-story mixed-use development will introduce 46 apartments and approximately 5,700 square feet of ground-floor retail space, anchored by Studio Three, a leading national boutique …

Habitat announced two significant milestones in its efforts to bring new mixed-use and mixed-income developments to Chicago. The Habitat Company, together with Cabrera Capital Partners, completed the financial closing for the first residential phase of the long-planned $127 million redevelopment of LeClaire Courts. The closing officially sets construction in motion for the mixed-income community, with …

Essex Realty Group completed the sale of 17114 71st Avenue, a 12-unit multifamily property in Tinley Park, Illinois, for $1.51 million. The property consists of ten two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units. Two units have been fully renovated, while the remaining ten are in standard condition. The property had been owned by the …

Greenstone Partners closed two multifamily transactions totaling $3.27 million across Chicago’s Wicker Park and Bridgeport neighborhoods. The transactions were facilitated by Greenstone Partners Partner Jordan Multack, with Director Jacob Goldstein also representing the firm on the Bridgeport transaction. The transactions include the sale of 1226 N. Greenview Ave. in Wicker Park for $2.245 million and …

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 …

CBRE announced the acquisition of a single-tenant Sheetz convenience store at 495 Crescent Circle in Gahanna, Ohio, by 495 Crescent Circle Gahanna Ohio LLC, for $3.4 million in an all-cash 1031 exchange buyer transaction. CBRE’s Karly Iacono represented the buyer in the negotiations. Stephanie Beaumier of Casto acted on behalf of the seller, CP Crescent, …

Industrial Realty Group, LLC (IRG) has acquired a 422,727-square-foot industrial distribution facility located at 411 Farwell Avenue in South St. Paul, Minnesota, for $21 million. The property was formerly the headquarters of The Sportsman’s Guide, an online and catalog retailer. Situated on 19 acres in an established industrial corridor, the site is configured for cross-dock …

Bluhawk announced that Anthropologie will join the 277-acre mixed-use destination in summer 2027, marking the retailer’s third Kansas City-area location to date. Anthropologie is a modern, design-led lifestyle brand, and the store will occupy a prominent location at the heart of Bluhawk. “Anthropologie is a natural fit for Bluhawk as we continue building out the …

Marcus & Millichap completed the sale of Creekside Village, a 31-unit multifamily property in Grain Valley, Missouri. “Creekside Village attracted significant investor interest because of its location in one of the Kansas City area’s fastest-growing suburban markets,” said Jacob Carroll, associate director of investments. Carroll and Aaron Kuroiwa, investment specialists in Marcus & Millichap’s Kansas …

Cresa announced that Julie Northcutt-Dunn joined as president, markets, a newly created executive role focused on driving growth across Cresa’s market operations through strategic planning, operational excellence and organic growth initiatives. She will be based in Cresa’s Chicago headquarters. Northcutt-Dunn joins from Colliers, where she was recently executive managing director, overseeing Chicago, Indianapolis, Kansas City, …

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Colliers has completed the sale of the Indianapolis West Infill Industrial Portfolio, a 1,533,112-square-foot, 29-building light industrial portfolio located in the Park 100 and Park Fletcher industrial parks in Indianapolis, Indiana. The portfolio spans the city’s Northwest and Southwest submarkets, with access to Indianapolis’ primary interstate network and Indianapolis International Airport. The portfolio is 94% …

MDH Partners (MDH) has acquired 70 Connect III, a 1,005,776-square-foot industrial building in Greenfield, Indiana, part of the Indianapolis metropolitan area. The building, developed by Lauth, was delivered on a speculative basis and sits along West 350 North in the East industrial submarket. JLL represented the seller in the transaction. MDH’s Director of Acquisitions, Houston …