Chicago
Stream Realty Chicago Lands 4.7M-SF Management Assignment
The Chicago office of Stream Realty Partners has been awarded the property management of a 4.7-million-square-foot Midwest portfolio, totaling 76 properties and… Read more
$6.5B Merger Will Create Midwest Banking Powerhouse
Old National Bancorp and First Midwest Bancorp have agreed to combine in an all-stock merger of equals transaction with a… Read more
Chicago’s Latest Travel Order Lists No States in Quarantine Tier
For the first time since the Chicago Department of Public Health (CDPH) began issuing its Emergency Travel Order in July… Read more
Nonprofit Reaches Agreement to Run Bronzeville Hospital Slated to Close
Nonprofit Insight Chicago has become the new owner at Mercy Hospital in Bronzeville and has reached an agreement with the… Read more
New-Construction Oak Park Apartments Change Ownership
Marcus & Millichap recently closed the sale of North Edge, a seven-unit apartment property located in Oak Park, IL. The asset sold for $3,316,500. Eric… Read more
Big Film/TV Production Campus Eyed for South Shore
A venture led by Derek Dudley, a producer of The Chi TV series, filed a zoning application with the Chicago City Council… Read more
Innovation Centers Secure $2.8M Federal Grant
Chicago-based innovation centers mHUB, MATTER and 1871 secured a $2.78-million federal grant from the U.S. Economic Development Administration (EDA) to… Read more
Bronzeville Multifamily Sale Sets Pricing High Water Mark
Interra Realty brokered the $1.9-million sale of 4351-59 S. Martin Luther King Drive, an 18-unit apartment community in the South Side’s Bronzeville neighborhood, as… Read more
P33 Launches Campaign to Bring Tech Talent Back
Nonprofit P33, which aims to transform Chicago into a leading technology and innovation hub, has launched the “Come Back to Move Forward” campaign to attract top-tier… Read more
Fully Occupied Apartments Trade in Logan Square
Marcus & Millichap finalized the sale of 2865 W. Shakespeare Ave., a 23-unit apartment property located in the North Side’s Logan Square neighborhood. The asset… Read more
Joint Venture Plans Value-Add Strategy for Two Multifamily Assets
Park West Apartments and Parliament Bend Apartments, two contiguous multifamily complexes in the Churchill submarket of San Antonio, recently received… Read more
Singerman Real Estate Closes Opportunity Fund at $800M
Singerman Real Estate (SRE) a Chicago-based opportunistic real estate investment firm, announced today the closing of SRE Opportunity Fund IV, L.P.… Read more
L.A. Investor Makes Ninth South Side Acquisition
A 44-unit apartment building at 4611 S. Drexel Blvd. in the Kenwood neighborhood of Chicago’s South Side has sold. Jeff… Read more
Hickory Hills Apartments Trade to Private Investor
Marcus & Millichap arranged the sale of Hickory Hills Portfolio, a 42-unit apartment property located in Hickory Hills, IL. Terms of the sale weren’t disclosed. … Read more
BDT Capital Takes Majority Stake in Culligan International
Rosemont, IL-based Culligan International, which provides water solutions and services to consumers and businesses, is being acquired by Chicago-based BDT… Read more
Freight Bottlenecks Cost U.S. Economy $42B in 2019
Freight bottlenecks cost the U.S. economy more than $42 billion in 2019, a hidden tax on the American people that… Read more
Scott Marshall Joins Prologis in Customer Experience Role
Scott Marshall has joined Prologis as global head of its Customer Led Solutions division, based in Chicago. Reporting directly to Prologis… Read more
CBC Arranges Sale of Two Industrial Properties for Redevelopment
Coldwell Banker Commercial finalized the sale of two separate industrial properties located in Chicago for a combined sale price of… Read more
MAB Aims to Cash Out on Fulton Market Parcels
Marc Bushala’s MAB Capital Management has hired the Chicago office of JLL to sell a pair of development sites along Morgan Street… Read more