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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Black Bear Makes 4th Chicagoland Hockey Arena Buy

Black Bear Sports Group has acquired substantially all of the assets of the Southwest Ice Arena in Crestwood, IL. Terms were not disclosed. The acquisition is BBSG’s fourth hockey arena deal in Chicagoland, and its ninth overall.

The arena houses one NHL-size ice sheet, one smaller practice rink and the Pal’s Corner Cafe. The seller, Frank DiCristina, has joined BBSG as VP of operations and will oversee all four BBSG ice rinks in the Chicago area.

Others in the BBSG portfolio include facilities in Woodridge, Lincolnwood and Glen Ellyn, IL. DiCristina’s family has owned the Southwest Ice Arena since 1975.

“BBSG has recently made significant investments in improving their Chicago ice rinks, and I am confident that bringing Southwest Ice Arena into the BBSG network was the best decision for the long-term viability of the Arena,” said DiCristina.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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