Chicago
McDonald’s Unveils Plan to Accelerate New Store Openings in 2023
McDonald’s said Friday it will seek to speed up the rate at which it opens restaurants, reported Crain’s Chicago Business.… Read more
Lee Illinois Promotes Seven Chicagoland Brokers
Lee & Associates has made several Chicago-area broker promotions. They imclude the following: Read more
$144M Federal Grant Will Finance Rehab of Calumet River Bridges
The City of Chicago has been awarded $144 million in federal funding to rehabilitate the Illinois International Port Calumet River… Read more
Savills’ Sevim Sees 2023 as the Year of Relocations Downtown
2023 will be the year of relocations for Chicago’s commercial real estate market as occupiers begin moving into space that… Read more
Greenstone Partners Finalizes Sale of Turnkey West Town Multifamily
Greenstone Partners arranged the sale of 1462 West Erie, a six-unit, turnkey multifamily investment in the West Town neighborhood on Chicago’s… Read more
Chicago Teams with Suburban Counties for Economic Development Push
In a first-of-its-kind partnership, the seven counties of northeastern Illinois have united around an economic strategy to boost shared prosperity. The… Read more
Exelon Will Keep Its Headquarters in Chicago
Utilities giant Exelon will remain headquartered in Chicago, reported Crain’s Chicago Business. Its new CEO, Calvin Butler, is relocating from… Read more
Kiser Group Arranges Sale of North Side’s Mabel Exchange
Kiser Group closed the sale of a 52-unit mixed-use property located in the Edgewater neighborhood on Chicago’s North Side. Directors Andy Friedman… Read more
Arbor Realty Trust Provides Fannie SARM Loan for Pangea Chicago Portfolio
Arbor Realty Trust, Inc. recently co-funded one of the largest Fannie Mae Structured Adjustable-Rate Mortgage (SARM) loans of 2022 in… Read more
Transwestern Expands Chicago Presence with MB Real Estate Acquisition
Transwestern Real Estate Services has completed the acquisition of MB Real Estate (MBRE), one of Chicago’s most prominent full-service commercial… Read more
Downtown Office Landlords Face Refi Challenges in 2023
2023 could prove tough going for downtown Chicago office landlords whose mortgages come due, reported Crain’s Chicago Business. They’ll face… Read more
West Englewood Apartment Property Goes Under Contract in Less Than a Week
Kiser Group’s Birk | Sklar Team recently brokered the $1.425-million sale of 1421 W. Garfield in the West Englewood neighborhood… Read more
Peak Properties Tapped to Manage Multifamily in “Ideal” Lincoln Park Locale
Peak Properties, LLC has been selected to manage a 29-unit apartment building in Chicago’s Lincoln Park neighborhood at 915-25 W.… Read more
Apartments Fetch Buyer in Upward-Trending Woodlawn
Essex Realty Group, Inc. recently facilitated the sale of 1501 E. 66th Pl., an eight-unit apartment building located in the… Read more
JV of Clear Height and Harbert Snaps Up 33-Property Chicago Industrial Portfolio
A joint venture of Oak Brook, IL-based real estate investor Clear Height Properties and Harbert US Real Estate (HUSRE) has… Read more
Multifamily Managers Use Access Control Tech to Handle Steep Increases in Package Deliveries
Package delivery volume at multifamily properties is estimated to grow almost 15% per year through 2025, with Amazon alone shipping… Read more
RMK Adds Properties in South Loop, Naperville to Management Portfolio
RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been named property manager for two luxury… Read more
Essex Realty Makes Quick Work of Rogers Park Multifamily Sale
Chicago-based multifamily brokerage firm Essex Realty Group recently facilitated the sale of 6928 N. Wayne Ave., a 50-unit apartment building… Read more
Lument Arranges $73M Freddie Mac Refi of South Side Portfolio
Lument closed a Fannie Mae loan totaling $73.4 million to refinance a portfolio of 47 multifamily apartment buildings located on… Read more