Chicago
CTA Unveils Design for Rebuilt State/Lake Elevated Station
The Chicago Transit Authority and Chicago Department of Transportation on Wednesday unveiled the preliminary design concepts for a rebuilt State/Lake… Read more
ACRE Closes $52M Refi of CEDARst Apartments
Asia Capital Real Estate (ACRE) closed on a $51.5-million loan to support the refinancing and redevelopment of The Duncan, a multi-building… Read more
ML Realty Adds Asset Manager with Focus on Chicagoland, DFW
Caroline Kruse has joined ML Realty Partners as asset manager. Kruse will focus on Chicagoland and Dallas-Fort Worth portfolio management… Read more
Cook County Unveils Tool to Calculate Property’s Government Debt
Cook County property owners for the first time can find out what portion of local government debt falls on them,… Read more
Starbucks Signs First Retail Lease at Parkline Chicago
Starbucks Corporation has leased 2,000 square feet of retail space on the ground floor of Moceri + Roszak’s newest building, Parkline Chicago, in the Loop.… Read more
POAH Moves to Preserve Affordable Rentals Near Future Obama Center
Preservation of Affordable Housing (POAH) will pay about $65 million to acquire and renovate Island Terrace Apartments, a 240-unit property… Read more
Bill to Phase Out Coal-Fired Plants Poised for Illinois Senate Vote
Illinois State Senate President Don Harmon said Monday he expects a vote as early as next week on an energy… Read more
Quantum Promotes Seth Gilford to VP, Capital Markets
Seth Gilford has been promoted to VP of the capital markets division at Quantum Real Estate Advisors. In his new… Read more
Associated Bank Furnishes Loan for Uptown Redevelopment
Associated Bank has completed a $12,960,000 loan for the acquisition of an existing retail shopping center and surface parking lot… Read more
Avison Young Chicago Teams with WNBA
Avison Young’s Chicago office is teaming up with the Women’s Basketball Association (WNBA), as the 2021 Chicago Sky spotlight sponsor. … Read more
Chicago Fire Soccer Franchise Plans $90M Training Facility in Belmont Cragin
The Chicago Fire Football Club is proposing to construct and operate a training facility, including a three-story performance center, at Hanson… Read more
Mesirow Financial Promotes CFO Natalie Brown to President
Chicago-based Mesirow Financial Holdings has appointed Natalie A. Brown as president following a unanimous vote by the firm’s board of directors.… Read more
CTA Breaks Ground on Red Line Modernization
City officials and Congressional leaders came together recently to break ground on the historic Lawrence to Bryn Mawr Modernization Project,… Read more
Chicago to Move into Full Reopening on June 11
Chicago will move into the fifth and final phase of Illinois’ phased reopening program on Friday, June 11 in line… Read more
Pearl Properties Seeks to Divest Stake in Wacker Drive Offices
A venture of Philadelphia-based Pearl Properties is seeking nearly $21.5 million for its stake in 55 W. Wacker Dr., the… Read more
North Side Industrial Buildings Set for Post-Sale Modernization
Avison Young negotiated a 100,000-square-foot, three-building industrial sale on Chicago’s North Side for an undisclosed sum. The contiguous buildings are at 4006… Read more
Transwestern Secures 101K SF of Leases at Downers Grove Complex
Transwestern Real Estate Services has secured three new long-term leases, totaling 101,165 square feet, at Corridors I & II, a two-building,… Read more
Last Chance to Submit for Top Mortgage Brokers and Lenders Awards
Connect Commercial Real Estate’s first-ever Top Mortgage Brokers and Lenders awards program has seen a strong response to date with… Read more
Interra Closes Third Lakeview Sale Year to Date
Interra Realty brokered the $5.12-million sale of 3501 N. Pine Grove Ave., a 16-unit rental building in Lakeview. The price per unit was… Read more