Chicago
Chicago-Area Industrial Development Reaches New Peak in Q3
Industrial developers stepped on the accelerator during the third quarter of 2022, starting construction on 48 Chicago-area projects totaling 17.2… Read more
FCP Expands Capital Markets Team with Addition of Elizabeth Cotter, Promotion of Drew Schwartz
Chevy Chase, MD-based FCP has expanded its capital markets team with the addition of Elizabeth Cotter as SVP – capital… Read more
Coach Rolls onto Magnificent Mile with CIM Lease
CIM Group has signed Coach to an approximately 3,000-square-foot retail location at 444 N. Michigan Ave. along downtown Chicago’s Magnificent… Read more
Peak Realty Chicago Establishes Offices Near Lincoln Yards
Peak Realty Chicago (PRC) has signed a five-year lease with Interra, selecting 5,500 square feet in Southport Lofts, a new… Read more
GreenRock Capital Hires Director of Underwriting
Veteran commercial real estate professional Jared Rothgeb recently joined GreenRock Capital LLC as its director of underwriting, based in Chicago. Rothgeb has more… Read more
First Industrial Realty Trust Divests Cleveland Portfolio
First Industrial Realty Trust, headquartered in Chicago, has sold off its last Cleveland-area assets in a roughly $100-million transaction, Crain’s… Read more
Logistics Property Co. Launches Chicago’s First Multi-Story Warehouse Project
Logistics Property Company, LLC held a ceremonial groundbreaking for 1237 W. Division, the first multi-story warehouse in Chicago. The ceremony… Read more
Puttshack Completes $150M Growth Round with Blackrock Funds
Chicago-based Puttshack, an upscale tech-infused mini golf experience with global food and beverage, has completed a $150-million growth capital round… Read more
Berkadia, BMO Finance Woodlawn Multifamily Project
Berkadia Affordable Housing has closed a $19.4-million Low-income Housing Tax Credit (LIHTC) investment that will facilitate the new construction of… Read more
Lakemoor Sale Yields Lowest Cap Rate for Starbucks in Illinois
Greenstone Partners arranged the sale of a single-tenant, net leased retail location in Lakemoor, IL, 51 miles northwest of Chicago.… Read more
Apartment Investment Advisors Tallies “Benchmark“ Q3
Apartment Investment Advisers (AIA) has closed out a “benchmark” third quarter with more than $130 million in multifamily sales volume, having… Read more
NHPF Recapitalizes Redevelopment of Lincoln Park SRO
The NHP Foundation has closed recapitalization of the Covent Hotel, an SRO property in Chicago’s Lincoln Park neighborhood that the organization… Read more
For NAIOP CRE Converge, NAI Hiffman’s Adam Roth Details “the Rule of 1.5”
NAI Hiffman EVP Adam Roth has a guideline for spotting trends and events in transportation that will influence the industrial… Read more
Long-Vacant Bank Headquarters Poised for New Life as Hotel
A venture of Chicago-based Neighborhood Hotel paid $14 million late last month for the long-vacant six-story building at 801 W.… Read more
Rogers Park Multifamily Sale Sets New Pricing Benchmark
Interra Realty brokered the $9.2-million sale of Elevation Lofts, a 40-unit apartment and retail building at 1531 W. Howard St.… Read more
Nation’s First Veteran Roasters Cafe Eyes 2023 Groundbreaking in Pullman
Another “first” is coming to Pullman/Roseland, the home of Chicago’s first national monument, first Amazon distribution center and first union-built,… Read more
Chicago Industrial Market Stays on Track in Q3
Although economic uncertainty looms amid high inflation and a probable recession, the Chicago industrial market is on track for now,… Read more
Sold-Out Chicago Venture Summit Focuses on Logistics Tech
More than 800 venture capitalists & investors, founders, innovators, and corporate executives for a sold-out Chicago Venture Summit Future-of-Logistics, the… Read more
Peak Properties to Manage Lincoln Park Portfolio, Edgewater Apartments
Peak Properties, LLC has been selected for property management, leasing, and marketing for four third generation family-owned multifamily investment properties in Lincoln Park… Read more