Chicago
PGIM RE Provides $82M Refi on Uptown Redevelopment
PGIM Real Estate has provided an $81.7 million Fannie Mae loan to CEDARst Companies for the refinancing of The Draper, a… Read more
Northwestern Medicine, Palos Health Set for Jan. 1 Merger
Palos Health and Northwestern Medicine are set to finalize their merger agreement, which the two Chicago-area hospital systems reached earlier… Read more
Near West Side Apartments Land $38M Construction Loan
Associated Bank completed a $37,800,000 construction loan to Marquette Companies and Kayne Anderson Real Estate for the renovation of an… Read more
Anti-Deconversion Ordinances Proposed for 606, Pilsen
The Lightfoot administration on Wednesday introduced two anti-deconversion ordinances, one for Pilsen on Chicago’s West Side and one for the… Read more
Lendlease Moves to Next Phase of Southbank MPC in Chicago’s Printers Row
Lendlease on Tuesday announced the next phase of its Southbank master-planned community , in Chicago’s Printers Row neighborhood. Known as… Read more
Caton Commercial, Dolan & Murphy Form Collaborative Team
Two longstanding Chicago commercial real estate firms have created a strategic alliance to address the needs of commercial real estate occupiers, landlords… Read more
Dayton Street Partners Adds Controller
Danielle Maciejewski has joined Dayton Street Partners as controller. Maciejewski will oversee day-to-day accounting operations including preparation of operating budgets, financial reporting… Read more
NorthMarq Arranges Agency Refi on New Milwaukee-Area Apartments
Brett Hood, SVP of NorthMarq’s Chicago-based regional office, secured $26,200,000 in permanent agency debt recapitalizing Poplar Creek Club, a recently stabilized… Read more
Cawley Chicago Client Trades One Warehouse for Another
Cawley Chicago completed the sale and purchase of two facilities on behalf of 3rd Coast Mattress Recycling (aka Chicago Mattress… Read more
Aldermen’s Opposition Scuttles Mag Mile Tax
A proposed tax aimed at revitalizing the North Michigan Avenue shopping strip has failed to advance in City Council amid… Read more
KKR Expands Warehouse Portfolio with $835M Deal
KKR said Friday it had acquired a 9.7-million-square-foot industrial portfolio in seven major markets across the U.S. from High Street… Read more
Sharko|Weisenbeck Team Seals Deal for Schaumburg Retail
Marcus & Millichap closed the sale of Super Regional Two-Tenant Center, a 130,105-square-foot retail asset in Schaumburg, IL. The property sold for $11,000,000.… Read more
Discover in Talks for Call Center Lease at Former Target
Discover Financial Services is in advanced talks to turn a vacant former Target store in the Chatham neighborhood into a call center that… Read more
Chicago Maintains Top Rank for Venture Capital ROI
Chicago continues to lead in venture capital (VC) return on investment, according to the 2020 Chicago VC Ecosystem Report, prepared… Read more
Essary Joins Dayton Street to Oversee Development
Andrew J. Essary has joined Dayton Street Partners as director of construction and development. Essary will oversee Chicago-based Dayton Street’s active development portfolio which currently includes… Read more
601W Plans Makeover for Northern Trust Offices in South Loop
Nine months after acquiring Northern Trust’s now-vacant offices at 801 S. Canal St. in Chicago’s South Loop for $68 million,… Read more
Chicago Unveils Distribution Plan for First COVID Vaccines
The Lightfoot administration on Wednesday rolled out distribution plans for the COVID-19 vaccine when it becomes available, possibly as soon… Read more
Maverick Lines Up First Mortgage for Portfolio on North, West Sides
Matthew Cohen of Maverick Commercial Mortgage closed on a $2,500,000 first mortgage loan for a portfolio of multi-family properties located… Read more
Lendlease, John Buck Complete Rental Townhomes at West Loop Project
Lendlease and The John Buck Company, together with partner Intercontinental Real Estate Corporation, recently completed the townhome residences at Porte, a two-tower, mixed-use development… Read more