Chicago
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
Industrial Trades Near Midway Airport
PW Commercial Real Estate – TCN Worldwide arranged the sale of a 61,000-square-foot industrial building on 2.77 acres located less… Read more
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