Chicago & Midwest

The multifamily sector is seeing investment competition return, as sellers adjust pricing expectations and buyers show steadier interest. Our expert panel on navigating capital flow and deal dynamics at Connect Midwest Multifamily Trends 2026 discussed strategies for securing financing and managing loan maturities. Industry leaders shared their acquisition strategies for underwriting deals, identifying distress and …

JDL Founder Jim Letchinger was honored with the Changing Skyline Award at the recent Connect Midwest Multifamily Trends 2026, followed by an exclusive keynote interview moderated by JLL’s Senior Managing Director, Debt Platform Leader, Danny Kaufman. The event was a rare opportunity for hundreds of industry professionals, including investors, owners, developers, lenders, and brokers, to hear …

Newmark has been hired to exclusively lead the sale of 1350 Touhy Plaza, a 244,049-square-foot office asset in Des Plaines, Illinois. Newmark is representing the seller, a partnership between Deer Park Investors and Marc Realty. The Chicago-based team is led by Senior Managing Director Derek Fohl, Executive Managing Director Jim Postweiler, Senior Managing Director Peter …

Lee & Associates has negotiated the sale of the 70,497-square-foot commercial office property at 915 Harger Road, located in the heart of Oak Brook’s business corridor. Tony Russo, Executive Vice President at Lee & Associates’ Illinois office, represented the seller, KMMRD Enterprises, LLC. The property offers convenient access to regional transportation networks, nearby retail and …

Lee & Associates has closed a new lease transaction for a 100,800-square-foot industrial building located at 1215 101st Street in Woodridge, Illinois.  Jeff Galante, SIOR and Jeff Janda, SIOR, principals at Lee & Associates’ Illinois office, represented the owner, Rediehs & Rediehs LLC.  The building was leased by Secure Source America LLC, a manufacturing company. …

Gantry has secured a low-leverage $12 million permanent loan to refinance maturing debt for Rock River Plaza, located in Moline, Illinois. The 389,375-square-foot retail power center is anchored by Walmart and Lowe’s with additional national tenants including Marshalls, Five Guys, Chick-fil-A, Applebee’s, and AT&T. The center serves the Quad Cities trade area from a strategic …

Associated Bank announced the completion of a $17.7 million term loan to Tricap Investments for the phased acquisition of the Townhomes at Magnolia Heights, located at 5641 155th Street in Urbandale, Iowa, a suburb of Des Moines, Iowa. The 105 two-Edit Anchorstory townhome rental units are adjacent to the 240 for-sale, single-family and townhome community …

Trident Capital Group announced a series of transactions and developments across the Columbus region, adding approximately 1.94 million square feet of industrial space to its growing Midwest portfolio. A 191,077-square-foot industrial facility was delivered in 2025 and is 100% leased to three tenants. Trident is currently constructing the second phase of the development, which will …

BWE has secured $38.92 million to refinance 194 units of Woodland Park by the Lake, a 240-unit gated condominium community in the Bronzeville neighborhood of Chicago, Illinois. Ryan Morris, vice president, and Max Miller, analyst, both in BWE’s Chicago office, originated the five-year Freddie Mac loan on behalf of the sponsor, a joint venture between …

Chicago-based multifamily brokerage firm Essex Realty Group has been engaged to market for sale 825 E. 61st Street, a newly constructed 60-unit multifamily property located directly across from the University of Chicago campus at the intersection of Hyde Park and Woodlawn. Given the high demand for quality rental housing in the area, this property is …

Marcus & Millichap brokered the sale of 935-937 W. Armitage Ave., a mixed-use multifamily and retail property in Chicago’s Lincoln Park neighborhood. The property sold for $6.6 million. “This offering attracted significant interest due to its A+ Lincoln Park location, upside in the multifamily rents, newly signed lease with Wintrust Bank and prominent corner presence,” said Kyle Stengle, senior managing director of investments. …

SVN | Chicago Commercial facilitated the sale of an 18,000-square-foot industrial property at 3450 N. Kostner Avenue in Chicago for $1.43 million. Industrial Advisor Tim Newberg represented the seller in the transaction. The buyer, a Canadian millwork company, acquired the property to support its expansion into the Chicago market. The two-story building features high ceilings, heavy power, …

Arrow Real Estate Advisors recently arranged a $14.2 million refinance for The Ash, a newly delivered 40-unit multifamily property in Chicago’s Wicker Park neighborhood. The financing was secured as the property continued its lease-up, with occupancy already exceeding 70%, reflecting strong demand for newly delivered multifamily product in one of Chicago’s most competitive rental markets. …

Interra Realty brokered the $5.1 million sale of 2156 and 2158 W. 21st St., a two-building, 24-unit vintage multifamily portfolio in Chicago’s Pilsen neighborhood. The deal equated to $212,500 per unit. Interra Managing Director Jeremy Morton represented the confidential buyer, as well as the private seller. The properties were fully occupied at the time of …

KeyBank Community Development Lending and Investment (CDLI) provided a $16.5 million taxable construction loan, a $9.4 million federal LIHTC equity investment, and a $8.2 million state LIHTC investment on behalf of National Church Residences to finance the construction of Clover Glen II, a 96-unit affordable housing project for seniors in Galloway, Ohio.  KeyBank Commercial Mortgage …

CBRE has arranged the sale of a two-building, 142,400-square-foot industrial portfolio located in Beavercreek, Ohio. The portfolio was purchased from 2060 Heller LLC and 2070 Heller LLC for $12.5 million. CBRE’s Steve Timmel and Will Roberts represented the seller in the transaction. “The sale of this portfolio is a demonstration of the sustained investor demand …

Skender, serving as general contractor, along with developer Garmong, has topped out construction on the new Westfield Police Department headquarters, a $35 million facility designed to support the city’s growth and public safety needs. The new headquarters is being built on an 11.7-acre site along Grand Park Boulevard, just north of 181st Street in Westfield, …

Marcus & Millichap completed the sale of 7770 W. New York St., a 16,000-square-foot single-tenant industrial property in Indianapolis. Located near the Indianapolis International Airport, the property sold for $2.1 million to Greenspring Realty Partners. “This transaction highlights the continued strength of Indianapolis’ industrial market, particularly in this highly desirable airport-area submarket,” said Gus Poulos, associate director of …