Chicago
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
Michaels Organization, DL3 Break Ground on Woodlawn Multifamily
Mayor Lori E. Lightfoot joined Ald. Jeanette Taylor, the Michaels Organization, DL3 Realty and a host of community stakeholders to… Read more
Retailer Topdrawer Will Open in SoHo at KPG’s 155 Spring St.
Topdrawer, a Japanese/American company known for luxury leather goods, bags, house shoes, fine paper, premium pens and Japanese goods, inked… Read more
Digging into the Kroger/Albertson’s Merger: Q&A with Placer.ai’s R.J. Hottovy
On Oct. 14, 2022, Kroger and Albertson’s Cos. announced a merger valued at more than $20 billion. The news, perhaps… Read more
Matthews Real Estate Expands Chicago Presence
Matthews Real Estate Investment Services has expanded its Chicago presence, opening a 4,288-square-foot office at 600 W. Fulton St. in… Read more
CDA, Belmont Village, Harrison St. Partner on Midway Airport Gallery Exhibit
The Chicago Department of Aviation (CDA) unveiled a new gallery exhibit Wednesday titled “American Heroes: Portraits of Service” at Midway International… Read more
Downtown Chicago Apartment Rent Growth Slows Yet Renter Demand Stays Strong
Rent growth for Class A apartments in downtown Chicago has moderated of late, reported Crain’s Chicago Business, citing data from… Read more
Law Firm Nisen & Elliott Relocates Offices to 180 N. LaSalle
Savills represented law firm Nisen & Elliott, LLC in a 15,417-square-foot office relocation. The firm will move to a partial… Read more
Becovic Adds Another Courtyard Property to Rogers Park Portfolio
Becovic Residential has added The Chase Court at 1627-35 W. Chase to its Rogers Park communities. The $4.3-million sale was… Read more
Link Logistics CEO Will Keynote at Eisenberg Foundation Fundraiser
CEO Luke J. Petherbridge of Link Logistics will be the featured keynote speaker for the Harold E. Eisenberg Foundation’s (HEEF) Networking… Read more
Oak Lawn Development Site Sale Sets Per-Acre Pricing Record
Greenstone Partners brokered the off-market sale of a retail development site in Oak Lawn, IL. The transaction closed for $2.65 million… Read more
WPC Lists Former Kendall College Building on Goose Island
W. P. Carey (WPC) has hired the capital markets team in Cushman & Wakefield’s Chicago office to sell Kendall College’s… Read more
New-Construction Mixed-Use Comes to Market in Loyola District
Essex Realty Group is marketing the sale of 1221-27 W. Devon Ave, a boutique, newer construction, mixed-use property in Chicago’s… Read more