Chicago
Savills Bolsters Workplace Practice Group with Three Key Hires
Savills has boosted its Workplace Practice Group with industry experts Marty Festenstein and Surabhi Raman as senior managing directors and Tonya Williams as managing director. Festenstein is based… Read more
Edgewater Condos Turned Rentals Go for $43M in Off-Market Deal
Kiser Group represented both the buyer, TLC Management and seller, Greenstone Property Group, in a $43-million, 188-unit off-market deal for 5815 N.… Read more
Two Pullman Projects Among Landmarks Illinois’ 2021 Preservation Award Winners
Two projects on Chicago’s Far South Side are among the recipients of the 2021 Landmarks Illinois Richard H. Driehaus Foundation Preservation Awards. The nine award-winning… Read more
ONE Central Developer Touts Transit Benefits of South Side Mega-Project
A study released Thursday from a team led by WSP shows the transit hub built as part of Landmark Development’s proposed ONE Central mixed-use project will… Read more
Urban Innovations Adds Air-Purification Technology Across Portfolio
Chicago-based developer Urban Innovations Ltd is installing needlepoint bipolar ionization technology across its portfolio. The ongoing installation is scheduled to be completed by mid-September. These… Read more
Cambridge Realty Arranges $8M HUD Refi on Alden SNF
Cambridge Realty Capital Companies provided a $7,836,900 HUD Lean loan to refinance Alden Princeton Rehabilitation and Health Care Center of Chicago,… Read more
Zell and EQC Board at Crossroads After Monmouth Deal Collapses
The termination of a merger agreement with Monmouth Real Estate Investment Tuesday leaves Sam Zell and the board of Equity Commonwealth (EQC) at a crossroads, Crain’s… Read more
Newmark Bolsters IT Team with VP of Product Operations
Felix Widjaja has joined Newmark as VP of product operations, managing product operations for the company’s information technology platform. Based in… Read more
Kiser Group Arranges Bulk Sale of Uptown Condos
Kiser Group arranged the $3.05-million sale of 29 condominium units in a 37-unit multifamily property in the North Side’s Uptown neighborhood. The bulk sale represents… Read more
Livly, Allegion Partner on Smart Access for Multifamily
Chicago-based Livly, Inc., which offers a unified operating system for multifamily residential properties, has launched a collaboration with Allegion U.S., a leading security products and solutions provider.… Read more
Flexibility Will Be Key in Post-Labor Day Office Environment, Says DePaul Study
The look of the post-Labor Day work environment in Chicago remains in flux. However, a survey that formed the baseline for the 2021… Read more
Equity Commonwealth Scraps Monmouth Merger as Shareholder Approval Falls Short
Equity Commonwealth (EQC) and Monmouth Real Estate Investment Corporation said Tuesday that the planned merger between the two companies was off. Although EQC shareholders… Read more
PCCP Provides Mezz Debt on Sterling Bay Spec Project
PCCP, LLC provided a $30-million mezzanine construction loan to Sterling Bay for the speculative development of 345 North Morgan, a 196,608-square-foot,… Read more
Essex Realty’s Multack Lists Two Logan Square Properties
Essex Realty Group director Jordan Multack is marketing two multifamily properties in the North Side’s Logan Square neighborhood. The nine-unit 1701 N. Kedzie Ave. is listed for $3,450,000, while 1846… Read more
Brennan Acquires ITS ConGlobal Container Yard
Brennan Investment Group has acquired more than 50 acres located along the I-55 Expressway, west of Cicero Avenue and east of… Read more
Premier Design + Build Names General Counsel
Alec Miller has joined Buffalo Grove, IL-based Premier Design + Build Group as general counsel. In his new role, Miller will oversee risk management and all… Read more
Kirkland & Ellis Confirms Move to Hines’ Wolf Point Development
Law firm Kirkland & Ellis confirmed Monday that it will move its 1,700-employee Chicago office to Salesforce Tower within Hines’ Wolf Point… Read more
ALDI-Anchored Retail Center Trades for $25M in Nashville
JLL has arranged the $24.8 million sale of Mallory Corners, a fully-leased, 70,000-square-foot shopping center anchored by ALDI in Nashville’s… Read more
J.C. Anderson Completes Spec Suites at CBOT Building
J.C. Anderson completed a 32,576-square-foot spec suite build-out for Glenstar at the Chicago Board of Trade (CBOT) Building. Construction included renovating seven spec suites on the property’s 13th… Read more