Chicago
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
CIM Group Leases More Than 100K SF to Chicago Financial Services Tenants
CIM Group executed three leases with financial industry businesses totaling 108,975 square feet at 425 S. Financial Pl., its 40-story,… Read more
Venture Firm Aimed at “Hard Industries” Unveils $41M Fund
The 81 Collection, a Chicago-based early-stage venture firm investing in founders building across low margin or capital intensive “hard industries”… Read more
Kenwood Apartment Portfolio Sells at 50% Above 2020 Purchase Price
Interra Realty brokered the sale of a 204-unit multifamily portfolio in Chicago’s Kenwood neighborhood. Comprising six buildings, the portfolio sold… Read more
JLL, Quiet Platforms Partner to Open Fulfillment Center Network
JLL and Quiet Platforms, a wholly owned subsidiary of American Eagle Outfitters Inc., have partnered to accelerate the opening of… Read more
Arbor Lodging Launches Residential Subsidiary
Chicago-based hotel investment and management company Arbor Lodging has launched a new subsidiary, ARLO Residential. It seeks to develop and… Read more
Edgewater Apartment Complex Trades for $40M-Plus
Two former Chicago hotel buildings later converted into apartments have been sold for more than $40 million, the Chicago Business… Read more
Fetch Moves Chicago Offices to West Loop
Shopper rewards app Fetch Rewards has signed a lease for more than 21,000 square feet on the top three floors… Read more
Joint Venture Slates January Groundbreaking for Streeterville Mixed-Use
A Jan. 11, 2023 groundbreaking is scheduled for the Saint Grand, a 21-story property on the northeast corner of Grand Avenue… Read more