Chicago
Conning Takes Majority Stake in Pearlmark Real Estate
Global investment management firm Conning has agreed to acquire a majority stake in Chicago-based Pearlmark Real Estate, L.L.C. Terms weren’t… Read more
Telos Group’s Emily Marquardt Joins Avison Young
Emily Marquardt has joined Avison Young in Chicago as a VP and agency leasing broker. She will focus on office… Read more
Devon Self-Storage Facility Secures $4M Refi
JLL Capital Markets arranged a $4-million refinancing for a 675-unit Devon Self Storage facility in Chicago. The multi-story facility is… Read more
Wingspan Development Cuts Ribbon on Plainfield Luxury Apartments
Wingspan Development Group joined local officials including Plainfield Mayor John Argoudelis and project partners on Nov. 1 for a ribbon-cutting ceremony for… Read more
Bally’s Poised to Close on Deal for Future Chicago Casino Site
Bally’s Corporation, which exercised its option last month to buy the Freedom Center printing plant site to build its Chicago… Read more
GCM Grosvenor Has Strong Q3, Raises $1.3B for Real Estate Strategy
Chicago-based alternative asset manager GCM Grosvenor on Wednesday reported a strong third quarter, with $2.9 billion raised during Q3 and… Read more
Essex Realty Markets Hermosa Apartments, Land Parcel
Essex Realty Group has been hired to market the sale of 1618-20 Tripp Ave., an apartment building in Chicago’s Hermosa… Read more
Chicago Bonds Garner First Moody’s Upgrade in 12 Years
Moody’s Investors Service has upgraded the City of Chicago’s General Obligation Debt to a Baa3 rating. This upgrade marks the… Read more
Owners of Chicago’s Blackstone Hotel Try Again on the Sales Market
A joint venture of New York-based Fundamental Advisors and Denver-based Sage Hospitality Group has hired the Chicago office of JLL… Read more
West Ridge Apartments Find Buyer After Two Weeks on Market
Essex Realty Group, Inc. recently facilitated the sale of 6118 N. Claremont Ave., a seven-unit multifamily property in Chicago’s West… Read more
CA Healthcare REIT Changes Name, Moves to Internal Management
CA Health & Science Trust is now RX Health & Science Trust, Inc. (RXHST). Originally launched by CA Ventures, Chicago-based RXHST is an internally managed,… Read more
Westmount Sells 21-Building Elk Grove Industrial Portfolio
Westmount Realty Capital has sold Elk Grove Village, a portfolio of 21 light industrial buildings spanning 757,557 square feet in… Read more
DMG Picks Up Multifamily Management Assignment from Noah Properties
Chicago-based DMG has been selected as the exclusive property manager for Noah Proprieties’ multifamily apartment rentals in Chicago and the surrounding suburbs. The assignment… Read more
City Council Okays $16B Lightfoot Budget for Fiscal 2023
Mayor Lori Lightfoot’s $16.4-billion for fiscal 2023 was approved Monday by Chicago’s City Council, after the mayor reportedly picked up… Read more
Rogers Park Mixed-Use Fetches $3M
Essex Realty Group, Inc. recently facilitated the sale of 7131 N. Ridge Blvd., a mixed-use property located in Chicago’s Rogers… Read more
Manufacturing Incubator mHub Poised to Relocate to Near West Side
Advanced manufacturing incubator mHub aims to move its operations to the industrial corridor west of the Fulton Market District, where… Read more
Tax Credit Multifamily Complex Trades in Minneapolis Suburbs
Marcus & Millichap arranged the sale of Lakeview Commons, a four-building, 64-unit multifamily tax credit asset in Plymouth, MN, a… Read more
Allstate in Talks to Move Headquarters Back to Chicago
Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier… Read more
Downtown Chicago Flex Space Demand Picks Up for Larger Users
Although demand for flexible workspace in Chicago is forecast to be down 14% between 2021 and 2022, the second half… Read more