Chicago
Fluor JV Breaks Ground on Next Phase of CTA’s RPM Project
Fluor Corporation and its joint venture partner Walsh Construction Company broke ground Monday to rebuild and straighten a section of Chicago Transit Authority’s (CTA)… Read more
SIOR Chicago Awards 2022 Scholarships
The Chicago Chapter of the Society of Industrial and Office Realtors (SIOR) and the SIOR Foundation recently awarded its 2021 Len Caldeira… Read more
PCCP/KPR Venture Acquires Schaumburg Retail
A joint venture between PCCP, LLC and KPR Centers has acquired Schaumburg Corners, a 100% leased 160,301-square-foot shopping center located at 16-66… Read more
Chicago Industrial Has Best Year on Record
By all metrics, 2021 was the best year on record for Chicago’s industrial market, in many instances by a wide… Read more
Vornado Launches Makeover at theMART
Less than 10 years after Vornado Realty Trust’s theMART was crowned as the epicenter of Chicago’s tech scene, the historic Art Deco property… Read more
Logan Square Portfolio Garners $12M in Sales to Separate Buyers
Essex Realty Group recently facilitated the sale of a three-property apartment portfolio in the North Side’s Logan Square neighborhood. The offering included 68 units total: 15 units at… Read more
Buildout Acquires Apto Deal Management Platform
Buildout, a developer of property marketing automation software based in Chicago, has acquired Apto, a provider of CRM and deal management software for commercial real estate brokers.… Read more
ML Realty Acquires 1M-SF Chicagoland Portfolio
ML Realty Partners acquired a 1,020,561-square-foot industrial building portfolio plus 45 acres of industrial land sites throughout the Chicago metropolitan area.… Read more
Banks Keep an Eye on CRE Loan Risk
At the highest level, conditions appear to be good in commercial real estate lending, and the Mortgage Bankers Association’s recent… Read more
We’re Looking for More of the Year’s Top Leasing and Sales Brokers
Although early response has been positive for Connect CRE’s fifth annual call for Top Broker Award nominations, we’re looking for as wide a cross-section of… Read more
Origin Launches $250M Fund Targeting Ground-Up Development
Chicago-based Origin Investments is launching Growth Fund IV, a $250-million closed-end capital fund targeted to invest in up to $1 billion of ground-up multifamily developments in high-growth markets across the… Read more
Keller Williams ONEChicago Brokers Hyde Park Mixed-Use Deal for $10M
Keller Williams ONEChicago has brokered the sale of the 40-unit, mixed-use property at 5228 Blackstone St. in the South Side’s… Read more
Downtown Chicago Office Ends Streak of Negative Absorption
The Chicago CBD ended its streak of four consecutive quarters of negative net absorption after realizing 81,197 square feet of positive… Read more
ACRES Capital Lends on Fulton Market Mixed-Use
ACRES Capital Corp. has originated a $30.5-million loan to fund the acquisition and pre-development of 1200 W. Fulton St. in the Fulton… Read more
Optima Launches Pre-Leasing at Lakeview Rentals
Optima, Inc. has launched pre-leasing for its 198-unit Optima Lakeview luxury rental apartment building, which includes 14,000 square feet of street-level retail at… Read more
Birk | Sklar Team Hits the Ground Running as 2022 Begins
Kiser Group’s Birk | Sklar team hit the ground running in 2022 after facilitating 73 total transactions in 2021, breaking… Read more
Allstate Buys West Loop Tower for Possible Headquarters
As it prepares to sell its longtime Northbrook, IL campus, Allstate has purchased 29 N. Wacker Dr. in downtown Chicago and may turn the 133,580-square-foot… Read more
Safehold Ground Lease Recapitalizes South Loop Resi Tower
Safehold Inc. has expanded into the Chicago market, via a ground lease to facilitate the recapitalization of 1000 South Clark, a Class A multifamily… Read more
Frontier Airlines Will Resume Midway Airport Service
Frontier Airlines, which ceased flying out of Midway Airport in 2015, will resume service from the South Side facility in April. Flights from Midway initially will… Read more