Chicago
Pangea Wraps Renovations on Two South Shore Properties from BHF Portfolio
Pangea Properties has completed renovations at 2050 E. 72nd Pl., an 18-unit apartment building, and 7800 S. South Shore Dr., a… Read more
Harrison Street, 1547 Acquire Four Data Centers from CIM
Data center owner/operator fifteenfortyseven Critical Systems Realty, LLC and Harrison Street have acquired four strategically located data centers, including two in Chicago and one each in Orangeburg,… Read more
JPMorgan Chase Elevates Michelle Herrick to Head of Real Estate Banking
JPMorgan Chase has promoted Chicago-based Michelle Herrick to head of Real Estate Banking (REB). The REB business delivers customized debt solutions and… Read more
Nature’s Fynd Will Upsize South Side Production Capacity by 200K SF
Locally based Nature’s Fynd, a food company that grows nutritional fungi protein, plans to expand to a second production location on Chicago’s South Side. The company… Read more
Owner of 245 Park in NYC, 181 W. Madison in Chicago Files for Chapter 11
PWM Property Management, an HNA Group venture that owns 245 Park Ave. in Midtown Manhattan and 181 W. Madison St. in Chicago, said Monday it had… Read more
Historic Gold Coast Showroom Space Trades for $45M
Fundamental Income, a Phoenix- based net lease real estate platform, purchased RH Chicago, The Gallery at the Historic Three Arts Club for… Read more
CORFAC Names 2021 Winners of Member Excellence Awards
CORFAC International recently announced winners of the 2021 Member Excellence Awards, which recognize individuals who exemplify excellence, integrity, dedication, and participation in… Read more
Chicago RFP Yields Five Bids to Develop City’s First Casino
Five proposals were submitted for the City of Chicago’s RFP seeking development plans for the city’s first casino-resort. The winning proposal, to be… Read more
A New Model for Measuring CRE Market Risk
With the pandemic leading commercial real estate professionals to rethink assumptions about which markets are safe and which are risky, the NAIOP Research Foundation has developed… Read more
Union Investment Picks Up Gold Coast Retail after Three-Year Hiatus from U.S. Market
Following a pause of more than three years, Union Investment is actively investing in the U.S. real estate market again and has acquired… Read more
WPD Names First-Ever Director of Business Development
WPD Management, a property management company operating throughout Chicago’s South Side, has hired Dan Nagle as director of business development. Nagle is the first person to hold this… Read more
$370M Quartet of Apartment Deals Illustrates Chicago’s Appeal
CBRE’s John Jaeger, Dan Cohen and Justin Puppi recently arranged four separate capital market transactions of multifamily properties in the Chicago area.… Read more
Taft Law Firm Expands at Longtime Wacker Drive Offices
Law firm Taft Stettinius & Hollister wants its attorneys and staff to spend more time in the office coming out of the COVID-19… Read more
Mixed-Use Trades Along Lakeview’s Southport Corridor
Interra Realty negotiated the $5.2-million sale of 3546 N. Southport Ave., a mixed-use property with 21 apartments and two commercial spaces in… Read more
Mission-Driven Crowdfunding Platform Small Change Backs Five Projects Nationwide
Pittsburgh-based Small Change, a mission-driven real estate crowdfunding platform, has raised $2.1 million for five projects across the U.S. totaling $54 million… Read more
Lightfoot’s 2022 Spending Plan Wins City Council Approval
The Chicago City Council on Wednesday passed Mayor Lori Lightfoot’s 2022 spending plan in a 35-15 vote. That plan includes a $76.5-million increase in… Read more
LoanDepot Hits a Home Run for Boys & Girls Clubs
By the time the final pitch was thrown ending Major League Baseball’s 2021 League Championship Series, loanDepot racked up more… Read more
It’s Time to Spotlight CRE’s Standout Attorneys
The deadline is end-of-day on Friday to submit nominations for Connect CRE’s second annual Lawyers in Real Estate Awards. Response to this year’s awards program has been positive,… Read more
Out-of-Town Buyer Scores Uptown Apartment Property
Essex Realty Group recently facilitated the sale of 4635-4637 N. Winthrop Ave., a six-unit multifamily property in the North Side’s… Read more