Chicago
Origin Investments’ David Scherer Remains Pro-Multifamily Amid Current Market Forces
The increasing interest rate patterns could have far-reaching implications on the multifamily sector, said David Scherer, co-CEO of Chicago-based Origin… Read more
Peak Properties Adds Gold Coast Deconversion to Management Roster
Peak Properties has added to its roster of high-rise management projects with a new deconversion in at 1211 N. LaSalle… Read more
Thor Equities Leases Up Refurbished South Chicago Truck Terminal
Thor Equities Group signed a lease with Torpedo Expedited at the recently renovated 2940 W. 36th St. in Chicago. Terms… Read more
Discovery Partners Institute Unveils Plans for Headquarters at Related’s The 78 MXU
The University of Illinois’ Discovery Partners Institute (DPI) on Friday unveiled the design for the new headquarters in The 78,… Read more
JLL Valuation Hires Jim O’Leary as EVP with Industrial Focus
JLL’s Valuation Advisory group has hired Jim O’Leary as an EVP in its Chicago office. O’Leary will serve as the… Read more
City Council Approves Plan for Chicago Fire Training Center
The Chicago City Council has approved a zoning change that allows the Chicago Fire soccer club to build an $80-million… Read more
Chicago CRE Professionals Are Hyper-Focused on Inflation, Interest Rates
The third 75-basis point increase in the federal funds rate, and the Federal Reserve’s fifth overall increase for 2022, is… Read more
New Lakeshore East Apartments Nearly 100% Leased a Year After Opening
Lendlease and co-developer Magellan Development Group said Wednesday that Cascade, a 37-story, 503-unit luxury apartment tower in Chicago’s Lakeshore East… Read more
Avondale Location is a Draw for Multifamily Investors
Essex Realty Group recently facilitated the sale of 2842-2844 W. Fletcher St. a 13-unit multifamily property in Chicago’s Avondale neighborhood.… Read more
JLL Adds Multifamily Property Management, Led by Lela Cirjakovic
JLL has added multifamily to its property management business. The new Multifamily Property Management group will be led by managing… Read more
Bensenville Office Complex Draws Buyer from California
Marcus & Millichap brokered the $6.75-million sale of the Hartford Business Centre, a 66,853-square-foot, multi-tenant office complex at 729-765 N.… Read more
Lightfoot to Propose Tax Incentives to Convert Loop Building Stock into Residential
Mayor Lori Lightfoot is expected to announce next week a new initiative offering tax-increment financing money and other public incentives… Read more
Chicago Title First to Sign Lease for Dallas’s QUAD
Even though they can’t use the building for two years, one of the largest title insurer and provider of real… Read more
Q&A with Peak Construction’s David Michael on Supply Chain Challenges
Supply chain challenges continue to confront commercial real estate developers and construction firms nationwide—challenges that may be aggravated or alleviated… Read more
McDonald’s Reaffirms Commitment to Chicago in Full-Page Ad
Less than a week after McDonald’s CEO Chris Kempczinski took Chicago to task for its crime issues, the fast-food giant… Read more
O’Hare Takes OAG’s Top Spot as Global Hub
A strong domestic aviation market propelled U.S. airports to dominate data platform OAG’s Megahubs 2022 ranking, with Chicago’s O’Hare International… Read more
Sterling Bay JV Files Plans for Multifamily at Edge of Lincoln Yards
A Sterling Bay joint venture wants to build a 15-story, 359-unit apartment building on a vacant property at the eastern… Read more
CIBC Lends on West Side Supportive Housing Project
CIBC’s Community Development team is providing a total of $27.9 million in construction financing for The Foglia Residences, a partnership… Read more
Construction Launches on Hyperscale Data Center at Former United Airlines Campus
Construction has begun at the site of the former United Airlines headquarters in Mount Prospect, IL on a $2.5-billion data… Read more