Chicago
Limited Availabilities Slow Net Absorption in Chicago Industrial
Vacancy in Chicago’s industrial market decreased by 40 basis points in the second quarter and 190 bps year-over-year to 4.0%,… Read more
Ferrero North America to Open Innovation Center in the Loop
Ferrero North America, part of the global confectionery company Ferrero Group, plans to open an Innovation Center in Chicago’s Marshall… Read more
PPM America’s Core Plus Strategy Marks Two Milestones
PPM America Inc.’s Core Plus Real Estate Debt Strategy recently achieved two key milestones: a three-year track record and more than… Read more
Park Hyatt Chicago Reopens After $60M Refresh
The Park Hyatt Chicago has resumed operations, unveiling a $60-million redesign of guestrooms and public spaces. Located along the Magnificent… Read more
Essex Lists Courtyard Building in Rogers Park
Essex Realty Group is marketing for sale 6513-23 N. Newgard Ave., a multifamily property in the North Side’s Rogers Park… Read more
Waterton Names SVP, Marketing and Communications
Christina Steeg will join Chicago-based Waterton as SVP, marketing and communications. She will be responsible for overseeing the strategic direction… Read more
EQT Exeter Acquires West Dundee Apartments from Developer
EQT Exeter’s U.S. Multifamily team recently acquired the 380-unit Reserve Randall Road in West Dundee, IL, in an off-market deal.… Read more
Marcus & Millichap Closes Sale of Indiana Retail Above List Price
Marcus & Millichap arranged the sale of 600 Gateway Blvd., a 12,400-square-foot new construction retail property leased to several popular… Read more
Belgravia Group Emphasizes Extra-Large Condo Units in New West Loop Project
In another example of the surge in popularity of Chicago’s West Loop, locally based Belgravia Group, Ltd. has announced a new… Read more
ULI Chicago, DePaul Real Estate Center Slate Webinar on Industry Sentiment
The Real Estate Center at DePaul University and The Urban Land Institute Chicago District Council are preparing to release the… Read more
Two-Property Apartment Portfolio Finds Buyer in Logan Square
Interra Realty negotiated the sale of a two-building multifamily portfolio in Chicago’s Logan Square neighborhood for $2.875 million, or $205,357… Read more
Riverside Adds Three Tenants at BMO Tower
Riverside Investment and Development has signed Skadden Arps to 89,100 square feet, National Futures Association to 55,364 square feet and… Read more
Chicago’s Mid-Market Apartments Reach 20% Rent Increases on New Leases
High Fidelity Property Management analyzed its data from 1,000 apartment units spanning 29 Chicago neighborhoods to see what’s happening in the mid-market,… Read more
Baird & Warner Names Two VP Sales Managers
Baird & Warner has hired Bob Kohler, formerly of Compass, as VP, sales manager of the firm’s Winnetka office on… Read more
CTC Lease Brings Durst’s One Five One to 97% Occupancy
CTC (Chicago Trading Company) has signed a 15-year lease for 68,339 square feet on the 36th and 37th floors of… Read more
Palatine Multifamily Sale Sets New Record for Chicago Suburbs
Locally based Albion Residential bought Bourbon Square, a 612-unit community in Palatine, IL, from Los Angeles-based Broadshore Capital Partners, reported… Read more
240-Unit Phoenix Rental Community Sold to Draper and Kramer
The company paid $109 million for the 15-building Senita on Cave Creek apartment community. The unit price of the 240-unit… Read more
OppFi Puts Entire One Pru Space Up for Sublease
OppFi, an online consumer lender that went public last year, is offering its nearly 80,000-square-foot office in One Pru at… Read more
Urban Innovations Promotes Two to GM, VP of Accounting
Urban Innovations (UI) promoted Joi Harrell to general manager and Fabian Ratulowski to VP of accounting. These moves reinforce UI’s… Read more