Chicago
Chicago Files Suit Against Grubhub and DoorDash, Seeks Restitution for Restaurants and Consumers
Alleging deceptive and unfair business practices, the City of Chicago has filed two lawsuits against meal delivery giants Grubhub and DoorDash. Reportedly they’re the… Read more
NEMA Chicago Rental Tower Secures $345M Refi
Crescent Heights has secured a refinancing on its NEMA Chicago luxury rental tower in the South Loop. Financial terms weren’t… Read more
NAR Unveils Reimagined Michigan Avenue Headquarters
The National Association of Realtors recently welcomed Chicago Mayor Lori Lightfoot and Ald. Brendan Reilly as the association publicly unveiled… Read more
KeyBank Real Estate Capital Appoints Senior Banker
KeyBank Real Estate Capital has appointed Thomas Reynolds as SVP and senior banker, based in Chicago. He is responsible for new business development and relationship management as part… Read more
Maverick’s Cohen Arranges 30-Year Loan for Ukrainian Village Apartments
Matthew S. Cohen of Maverick Commercial Mortgage closed a 30-year fixed-rate loan for a non-owner occupied three-unit multifamily property located at 944… Read more
CEDARst, Quartz Lake Target Multifamily with JV Investment Fund
CEDARst Companies and Quartz Lake Capital, both headquartered in Chicago, have formed a strategic joint venture investment fund to target infill multifamily development opportunities. … Read more
Kiser Group Finalizes Sale of Arlington Heights Condo Complex
Timber Court, a 72-unit residential condominium property in Arlington Heights, IL, has sold for $16 million to a Chicago-based portfolio apartment investor. Kiser Group’s Ron Plonis, Lee… Read more
Now’s the Time to Nominate CRE’s Most Influential Women
The deadline is drawing near to participate in our fifth annual Women in Real Estate Awards. We’re continuing to call for… Read more
Illuminarium Will Open in Former Crystal Gardens Space at Navy Pier
Illuminarium Experiences plans to open an Illuminarium at Chicago’s Navy Pier. The 32,000-square-foot entertainment experience will be situated inside the former Crystal Gardens venue, which will… Read more
Zeller Earns WELL Health-Safety Rating Across Portfolio
Chicago-based Zeller has earned the WELL Health-Safety Rating for its nationwide portfolio, consisting of 9.8 million square feet, through the International WELL… Read more
Chicago Fire’s Youth Sports Facility Breaks Ground in North Austin
Civic organizations recently joined the Chicago Fire Foundation and state and local leaders to break ground on a first-of-its-kind professional-level… Read more
Trio of Luxury Rental Properties Hits the Market in Chicago
As Chicago’s apartment market stages a dramatic recovery, a trio of luxury rental properties has hit the market, Crain’s Chicago Business reported. How well… Read more
CoinFlip Commitment at Old Post Office is Chicago’s Largest Cryptocurrency Lease to Date
CoinFlip said Tuesday it would move its headquarters to 601W Companies’ redeveloped Old Post Office. The 44,000-square-foot commitment more than doubles CoinFlip’s current space and reportedly is the… Read more
Southwell Arranges Net Lease Financing for Chicago, Kentucky Assets
Southwell Realty Capital has secured financing for two net lease real estate acquisitions, totaling $4,875,000. The Southwell Realty Capital team arranged a $2,375,000… Read more
Downtown Chicago Apartment Market Enjoys “Stunning” Rebound
After a year in which the downtown Chicago apartment market cratered, it’s a good time to be downtown landlord again. Buildings… Read more
Last of 10-Building Portfolio Trades in Marquette Park
Interra Realty brokered the $2.9-million sale of 6710 S. Claremont Ave., a 55-unit apartment and retail building in the Southwest Side’s Marquette Park neighborhood. The… Read more
Clear Height Properties Names Director to Steer Acquisitions Program
Clear Height Properties has named Ryan Maher its director of acquisitions to execute an aggressive acquisition plan for industrial and office properties… Read more
Equity Residential, Toll Brothers Forge $1.9B Apartment Venture
Equity Residential (EQR) and Toll Brothers Apartment Living have formed a strategic partnership to develop new rental apartment communities in key U.S. markets. They’re targeting… Read more
Avison Young Reps U.S. Realty in Quartet of Leases
Avison Young has negotiated multiple long-term leases at 332 S. Michigan Ave. in the Loop. Landlord U.S. Realty, Inc. was represented in all four deals by Avison Young’s Konstantine… Read more