Chicago
Michigan Avenue Real Estate Launches New Property Management Brand
Michigan Avenue Real Estate Group and its property management subsidiary, GERAM Property Management, have launched a new property management brand,… Read more
Echo Real Estate Capital Adds Morton Grove MOB
Chicago-based Echo Real Estate Capital, Inc. has acquired a single-tenant medical office building leased to Advocate Health Care for an undisclosed sum.… Read more
Marquette Collects Payoff for Pandemic-Era Gamble with $79M Refi of West Loop Tower
Naperville, IL-based Marquette Companies has refinanced the Parq Fulton, a 278-unit apartment building at 1400 W. Randolph St. in Chicago’s… Read more
Antares Capital Upsizes Offices in Move to BMO Tower
Riverside Investment and Development and co-development partner Convexity Properties signed Antares Capital to a long-term, 87,586-square-foot lease at the recently… Read more
George Smith Partners Secures Financing for Acquisition of Magnificent Mile Retail
George Smith Partners secured the permanent financing for the acquisition of a 5,666 square-foot luxury, high-street retail parcel located at… Read more
Michael Madden Joins Cushman & Wakefield with Focus on Suburban Occupiers
Michael Madden has joined Cushman & Wakefield as director in the firm’s Occupier Services group. He joins Cushman & Wakefield… Read more
Chicago and the Midwest “Likely to Take Their Lumps” from CRE Distress
Chicago specifically and the Midwest more generally appear likely to see their share of commercial real estate distress as 2023… Read more
Sancerre Hospitality Adding New Restaurant Concept to Fulton Market District
Fulton St. Companies and Intercontinental Real Estate Corporation have signed Sancerre Hospitality to a 7,000-square-foot, ground floor lease at 1045… Read more
Walmart Closing Half Its Chicago Stores, Citing Years of Losses
Walmart Inc. said it would close four of its eight Chicago stores, effective April 16. The pharmacies at these locations… Read more
Marcus & Millichap Finalizes Sale of Hebron Industrial
Marcus & Millichap closed the sale of 11414 Maple Ave., an industrial property located in Hebron, IL. Terms of the sale were not… Read more
Chicago Industrial Transaction Volume Strong in Q1, Yet Sublease Space Ticks Upward
The fundamentals of Chicago’s industrial market remained steady in the first quarter of 2023 as the overall vacancy rate remained… Read more
Tech Startup Logistics Company Expands to New Office in Downtown Fort Lauderdale
TransLoop, a Chicago-based logistics services tech startup, has opened a new office in 101 Centre in downtown Fort Lauderdale. CBRE… Read more
Vacancies and Rents Both Rise in Downtown Chicago Office During Q1
Vacancy rates and rental rates rose in Chicago’s downtown office market during 2023’s first quarter, Bradford Allen reported. The CBD’s… Read more
Summit Design + Build Completes Revamp of West Loop Industrial into Hotel
General contractor Summit Design + Build has completed the gut demolition and renovation of a five-story industrial building into a boutique extended-stay… Read more
DL3 Realty Breaks Ground on $40M INVEST South/West Development in Englewood
City officials and DL3 Realty broke ground Tuesday on Thrive Englewood, a $40.2-million INVEST South/West project in Chicago’s Englewood neighborhood… Read more
Chicago Selected for 2024 Democratic Convention
Chicago will host the 2024 Democratic National Convention, the Democratic National Committee announced Tuesday. The city beat out New York… Read more
City, NASCAR Chicago Announce Month-Long Street Closures Ahead of July Event
The inaugural NASCAR Chicago Street Race will have residents navigating street closures and parking restrictions around Grant Park for more… Read more
Block 37 Adds Verge Immersive to Entertainment Mix
Verse Immersive, reportedly the world’s first holographic theater, has opened at CIM Group’s Block 37 retail complex following a successful… Read more
Hanley Arranges Sales of Three Walgreens Stores in IL, MN and FL
Hanley Investment Group Real Estate Advisors arranged the sales of three single-tenant net-leased retail properties occupied by Walgreens in three… Read more