Chicago
CMBS Distress Rate Rises for Top 20 SMSAs
The distress rate for CMBS loans across the 20 largest markets in August was 7.2%, slightly above the national CMBS… Read more
IBT Group to Redevelop Warehouse Into $121M Mixed-Use
The Chicago Department of Planning and Development has officially chosen local developer IBT Group LLC to redevelop a historic City-owned… Read more
Scott Gibbel Joins Sterling Bay as Industrial Managing Director
Sterling Bay has appointed Scott Gibbel as the new managing director of its growing industrial division, Sterling Bay Industrial. With… Read more
BWE Secures Acquisition Financing for KSU Student Housing
BWE has arranged acquisition financing for The Beacon, a 456-bed student housing community near Kennesaw State University in Marietta, GA.… Read more
Standard Real Estate Invests in TCC’s Woodridge Industrial Center
Standard Real Estate Investments, a minority-owned national real estate investment and development firm, made an equity investment through its new… Read more
ACO Commercial Arranges Sale to Chinese American Service League
ACO Commercial’s George Toscas and Linda Hatter arranged the sale of a 5.24-acre land site located at 3000-3052 S. Pitney… Read more
Missner, Realterm Finish Chicago Stockyards Industrial Building
The Missner Group and Realterm have completed a third joint venture project, the construction of a cutting-edge industrial building located… Read more
Marcus & Millichap Arranges Sale of Cincinnati Healthcare Property
Marcus & Millichap announced the sale of DaVita Cincinnati, a 6,640-square foot net lease DaVita property located in Cincinnati, Ohio.… Read more
Primark to Open Second Chicagoland Store
Primark, an international clothing retailer, will open its new store at Woodfield Mall in Schaumburg, Illinois in October. The 37,000-square-foot… Read more
Trump Tower Loses Appeal in Insurer Legal Battle
The Illinois First District Appellate Court has ruled that Trump International Hotel & Tower in Chicago cannot force its insurers… Read more
Hines Launches Digital Ecosystem at Salesforce Tower
Hines is introducing a new digital platform to enhance the workplace experience and provide insight to clients, and the Salesforce… Read more
SCB Architects to Move HQ to Historic Downtown Tower
Design firm Solomon Cordwell Buenz (SCB), a Chicago architecture, interior design, and planning practice, is looking to relocate its headquarters… Read more
Marcus & Millichap Arranges Lombard Apartment Sale
Marcus & Millichap arranged the sale of an eight-unit apartment property located in Lombard, Illinois, according to Steven D. Weinstock,… Read more
URW Divests Valencia Town Center to Centennial for $199M
Dallas-based Centennial has acquired Westfield Valencia Town Center in Santa Clarita from Unibail-Rodamco-Westfield (URW), Although the buyer didn’t disclose the… Read more
New Rally House Location Open at Southlake Mall
Rally House, a family-owned specialty boutique that offers a large selection of apparel, hats, gifts and home décor representing local and professional teams, has… Read more
EdgeConneX Building Second Phoenix-Area Datacenter
EdgeConneX already has a location in Tempe and is now looking at Mesa for its next large datacenter. The building… Read more
CBRE Adds Operations Lead to High-Performing Leasing Team
CBRE hired Madison Olinger as a director of operations management in Chicago, joining the tenant representation team of Brad Serot,… Read more
Rent Butter Raises $3M in Seed Financing Round
Chicago-based Rent Butter, a tenant screening solution designed specifically for workforce and affordable housing, has completed its seed financing round. The $3-million… Read more
R2 Puts North Side REI Store on the Market
A joint venture of Chicago-based developer R2 and Goldman Sachs has hired JLL to sell a 40,085-square-foot REI store on… Read more