Chicago
New Demand for Office Space Reaches 15-Month High
New demand for office space rose to a 15-month high in August and is up 235% year-over-year nationally, reflecting a strong recovery… Read more
Mesa West Capital Provides $77M Loan for Apartment Community in Delray Beach
Mesa West Capital has provided a privately held real estate management and development firm with $77 million in first mortgage… Read more
JLL Secures Financing on Fulton Market Portfolio
JLL Capital Markets arranged financing for a four-building office and retail portfolio totaling 168,206 square feet in Chicago’s Fulton Market District. A… Read more
ASC Lines Up Cash-Out Refi on Lakeview TOD
American Street Capital (ASC) arranged a $12-million cash-out financing for a 39-unit mixed-use building in the North Side’s Lakeview neighborhood. The loan was originated by… Read more
ML Realty Completes Septet of Industrial Leases Across Region
ML Realty Partners has completed nearly one million square feet in recent Chicagoland industrial lease transactions as follows: · Vanderlande Industries’ new 35,170-square-foot lease, 2301… Read more
Nadji at NAIOP CRE.Converge: “Don’t Underestimate the Power of Interest Rates”
In one of two keynote sessions featuring Marcus & Millichap CEO Hessam Nadji at the recent NAIOP CRE.Converge conference in Miami, he sat down with Jon Paul… Read more
Sterling Bay Sets Groundbreaking for First Lincoln Yards Project
Sterling Bay will break ground on sometime this month on ALLY, a 320,000-square-foot life sciences hub, the company announced. It… Read more
Mapletree Expands U.S. Logistics Holdings with $3B of Acquisitions
Singapore-based Mapletree Investments Pte Ltd has acquired two portfolios of U.S. logistics assets encompassing 141 income-producing assets for a total of approximately US$3 billion. The company… Read more
Nominate a Standout Attorney for Connect CRE’s 2021 Lawyers in Real Estate Awards
Last year, Connect CRE followed up on our well-received Next Generation Awards and Women in Real Estate Awards with the… Read more
Hologram Opts for Fulton Market Space as Meeting and Training Hub
Hologram, a global cellular platform for IoT connectivity, will open new office space at 167 N. Green St. in the Fulton Market District. The space… Read more
CRER Arranges Sale of Mixed-Use in Logan Square
CRER (Chicago Real Estate Resources Inc.) arranged the sale of a 37-unit mixed-use building in the North Side’s Logan Square neighborhood. Ian Luscombe with CRER represented both the… Read more
Marquette Lands $57M Construction Loan on Near West Side Multifamily
Associated Bank has completed a $57,184,000 loan to Marquette Companies for construction of a 22-story apartment building at 513 S. Damen Ave. on Chicago’s Near… Read more
Two Lakeshore East Apartment Towers Are Poised for Sale
Locally based Waterton is stocking up on more Chicago apartments, with a deal to buy two towers in Lakeshore East from the AFL-CIO Building Investment Trust, Crain’s Chicago Business reported. The owner… Read more
More Efficient Air Traffic Has Wide Array of Benefits
NASA’s Airspace Technology Demonstration 2 (ATD-2) set out to improve the predictability and operational efficiency of the air traffic systems… Read more
Aries Capital Acquires Lyft’s Atlanta Driver Service Center for $7M
Chicago-based Aries Capital has launched its industrial net lease private equity platform with its acquisition of Lyft’s Atlanta Driver Service… Read more
Claro Healthcare Swaps Sublease for Direct Lease at 200 South Wacker
Claro Healthcare LLC has signed a 22,673-square-foot direct lease on the 28th floor at Manulife Investment Management’s 200 South Wacker in the Loop. Colliers… Read more
Exan Acquires One of Two Tesla Service Centers in Chicago
Cushman & Wakefield represented a private owner in its $13.1-million sale of the Tesla Service Center of Chicago property at… Read more
Sterling Bay is Certified RESET Air at Three Chicago Properties
Following its achievement of the WELL Health-Safety Rating, Sterling Bay has secured RESET Air at three of its Chicago office properties. They include One… Read more
Chicago Bears Sign Purchase Agreement for Arlington Park; Lightfoot “Committed” to Keeping the Team
The Chicago Bears said Wednesday they had signed a purchase and sale agreement with Churchill Downs Inc. for Arlington Park in Arlington Heights, IL, at… Read more