Chicago
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
ASC Furnishes Bridge Loan for Wichita Portfolio
American Street Capital (ASC) has secured a $4,275,000 acquisition bridge loan for a 180-unit multifamily portfolio in Wichita, KS. Kyle… Read more
Braze Inks Sublease in Chicago Expansion
Customer engagement platform Braze, Inc. subleased a 50,023-square-foot full floor in a multiyear transaction at Shorenstein Properties’ One North State Street. The tenant, which went public… Read more
Skender Promotes Three at Chicago Offices
Skender has made executive and senior management promotions for three rising leaders at its Chicago offices. They include Jeff Reist and Lauren Torres,… Read more
Essex Realty’s Eilian Closes Ukrainian Village Deal
Essex Realty Group recently facilitated the sale of 1041 N. Hermitage Ave., a corner six-unit multifamily property located in the… Read more
Urban Umbrella Completes Venture Debt Funding Round
Scaffolding alternative Urban Umbrella has raised $6.5 million in venture debt. The round was led by New York-based Anthos Properties, a commercial and… Read more
JLL IPT Picks Up New-Construction Elgin Warehouses
JLL Income Property Trust (IPT) has acquired Elgin Distribution Center, a Class A, two-building industrial property totaling 407,000 square feet and located… Read more
Walker & Dunlop Expands Reach into Grand Rapids
Walker & Dunlop, Inc. has expanded its footprint into Grand Rapids, MI with the addition of managing director Matt Jones, Jones will… Read more
Vivid Seats Relocates Headquarters to Marshall Field Building
Chicago-based online ticket broker Vivid Seats plans to move its headquarters to the historic Marshall Field building in converted office… Read more
Inflation is Risk Number One for Private CRE Investors
Inflation tops the list as the biggest economic risk for private real estate investing in 2022, says Origin Investments. Noting that inflation grew at the fastest… Read more
JPMorgan Names Market Manager for Real Estate Banking
JPMorgan Chase named Julie Thick as Real Estate Banking (REB) Central Region market manager. The REB business delivers customized debt solutions and treasury services… Read more
Interra Brokers Off-Market Deal for Wrigleyville Courtyard Building
Interra Realty brokered the off-market sale of 3708-14 N. Sheffield Ave., a 26-unit vintage courtyard building in the North Side’s Wrigleyville neighborhood.… Read more
Habitat, P3 Break Ground on eTOD in Bronzeville
The Habitat Company broke ground on the first building at 43 Green, a $100-million mixed-income, mixed-use equitable transit-oriented development (eTOD) in… Read more
Bridge Industrial Plans Class A Warehouses at Former Locomotive Plant
Bridge Industrial acquired 87 acres at 9301 W. 55th St. in McCook, Ill., which was previously home to Caterpillar manufacturer Progress Rail. Bridge plans… Read more
Buildout Acquires AI-Powered Real Estate Intelligence Platform
Chicago-based Buildout, developer of a dealmaking platform widely used by brokers, has acquired ProspectNow, a provider of AI-powered real estate property and owner intelligence. Buildout will integrate ProspectNow with its… Read more
Essex Realty Adds Industry Veteran Rick Ofman as Director
Essex Realty Group has hired industry veteran Rick Ofman, who joins the multifamily brokerage as a director. In his previous… Read more
Dayton Street Brings Logistics Park to Full Occupancy
Dayton Street Partners (DSP) has signed two leases totaling 29,326 square feet at its three-building logistics park located at 2217 S.… Read more