Chicago
Hyatt to Acquire Dream Hotel Group’s Global Platform
Hyatt Hotels Corporation has agreed to acquire Dream Hotel Group’s lifestyle hotel brand and management platform. Spanning properties in the… Read more
CBRE Promotes Bruce Westwood-Booth to Vice Chairman
Bruce Westwood-Booth of CBRE Capital Markets has been promoted to vice chairman, the highest title ranking among producers at the… Read more
Six-Flat Sale Sets Per-Unit Record for Logan Square Apartments
Peak Realty Chicago (PRC) has closed a Logan Square six-flat for $2.765 million, the highest priced per-unit sale for a… Read more
$45M Streetscape Improvement Breaks Ground in South Chicago
City officials broke ground recently on a $43-million streetscape improvement project in South Chicago as part of the INVEST South/West… Read more
BMO Commits $40 Billion to Community Investment
Chicago-based BMO Harris Bank on Monday announced a Community Benefits Plan (CBP) that outlines a more than $40-billion commitment to… Read more
CBRE Arranges Six Leases at Spec Offices in West Loop
CBRE has arranged six leases totaling 54,183 square feet at 609 W. Randolph St, a speculative office building that delivered… Read more
McKissack & McKissack Elevates Girard Jenkins to Operations VP
McKissack & McKissack, one of the nation’s leading Black- and woman-owned architecture, engineering and construction companies, has promoted Girard Jenkins… Read more
Skender Launches Work on Expansion for Greater Chicago Food Depository
Skender has started construction on a 37,000-square-foot expansion of the Greater Chicago Food Depository, a food bank on Chicago’s Southwest… Read more
Wisconsin Hotel Property Sells to LLC in 1031 Exchange
Marcus & Millichap arranged the sale of Best Western Park Oasis Inn Mauston, a 53-key hospitality property located in Mauston,… Read more
Bally’s Strikes $200M Deal for Ground Lease on Chicago Casino Site
Bally’s Corporation has closed a transaction with one of Chicago’s leading real estate private equity firms, identified in published reports as Oak… Read more
Marcus & Millichap Brokers Deal for Landmarked Streeterville Apartments
Marcus & Millichap brokered the $10.5-million sale of 227 E. Walton, a landmarked 25-unit multifamily property in Chicago’s Streeterville neighborhood. Kyle Stengle, senior… Read more
Appraisal Institute CEO Jim Amorin to Step Down in February
The Appraisal Institute said Thursday that CEO Jim Amorin will resign effective Feb. 14, 2023. He will conclude five years… Read more
First Western Steers Family Office to Bridgeport Multifamily
First Western Properties arranged the sale of 3404 S. Morgan, a seven-unit multifamily property in the Bridgeport neighborhood on Chicago’s South… Read more
JLL IPT Teams with Amherst on $500M Single-Family Rental Venture
JLL Income Property Trust (JLL IPT) has expanded its existing relationship with Amherst to acquire up to $500 million in… Read more
Apartment Conversions Beat Out Ground-Up Construction
A July 2022 report issued by the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) indicated that the… Read more
John Buck’s 155 North Wacker Earns SmartScore Platinum Certification
The John Buck Company’s (JBC) 155 North Wacker office tower has earned SmartScore Platinum certification, the highest level of this worldwide standard… Read more
Stockbridge Divests 758K-SF Elk Grove Industrial Portfolio
Colliers’ Jeff Devine and Steve Disse represented Stockbridge in the sale of an industrial portfolio on approximately 47 acres in… Read more
Marquette Recapitalizes Fulton Market Apartments for $104M
Naperville, IL-based Marquette Cos. has recapitalized Evo Union Park, a 242-unit luxury apartment building at 1454 W. Randolph St. in… Read more
European Investor Plans Apartments on Loop Office Building’s Upper Floors
A high-net worth European family advised by Swiss investment firm 4c AG paid $8.2 million last month for the upper… Read more