Chicago
Associated Bank Finances Rehab of Historic Uptown MF
Associated Bank provided an equity investment totaling $9,450,000 of Low-Income Housing Tax Credit (LIHTC) and Federal Historic Tax Credit (HTC)… Read more
Prologis Acquires West Loop Warehouse for $12M
Peppercorn Capital, a Chicago-based commercial real estate development company uniquely focused on the West Loop/Fulton Market neighborhood since 2000, has sold 455 N.… Read more
Work-from-Home Means Dramatic Shift in Office Furniture Business
Local businesses like Rework and the Office Furniture Center have seen a dramatic uptick in noncorporate walk-in business and online… Read more
Mansueto Cuts Deal to Buy Chicago Waldorf at Bargain Price
Morningstar founder Joe Mansueto is acquiring the Waldorf Astoria Chicago hotel for a fraction of the $111.9 million paid for… Read more
Onni Goes into Contract on 225 Randolph St.
In a bet on the future of the downtown Chicago office market, Vancouver, Canada-based Onni Group is under contract to… Read more
City Names Artists in Residence for INVEST South/West Neighborhoods
Mayor Lori E. Lightfoot, the Department of Cultural Affairs and Special Events and the Department of Planning and Development recently… Read more
Lee IL Launches Office Practice with Key Hires
Lee & Associates of Illinois added two veteran brokers to the firm. SVP Tony Russo and VP Ryan Freed will… Read more
Lightfoot Administration Rolls Out Emergency Aid for Chicago Restaurants
The Lightfoot administration on Thursday announced an emergency COVID-19 relief package for the hospitality industry, including a $10-million grant program… Read more
SRO Housing Changes Hands in Hyde Park
Kiser Group recently represented the buyer and seller of Park Beach Apartments, located at 5327 S. Cornell Ave. in the… Read more
W&D Structures $80M Financing for Rockwell Partners
Walker & Dunlop structured $80,110,000 in financing for Ellyn Crossing, a newly renovated garden-style multifamily community in Glendale Heights, IL. The financing assignment was… Read more
Spear Street Brings Equiem Platform to Loop Tower
San Francisco-based Spear Street Capital has tapped leading global property technology company Equiem to roll out its tenant engagement platform at 225… Read more
Pilsen Warehouse Trades to Excavation Firm
Cawley Chicago closed on the sale of 3228 S. Wood St., an 18,000-square-foot industrial facility in the West Side’s Pilsen… Read more
Hyatt Hotels Narrows Losses in Q3
Hyatt Hotels Corporation reported a third-quarter net loss of $161 million, or $1.59 per diluted share, compared to a $236-million… Read more
Essex Lists Ravenswood, Logan Square Properties Under Same Owner
Essex Realty Group has been engaged to market two value-add buildings, a 25-unit courtyard building in Ravenswood and an eight-unit mixed-use property… Read more
Citadel Center Lands Downtown Chicago’s Largest Refi of 2020
A venture of Angelo, Gordon & Co. and Hines Interests last month took out a $320-million mortgage on Citadel Center… Read more
Vornado’s Business “Adversely Affected” by COVID, But Q3 Numbers Improve
Vornado Realty Trust’s business has been “adversely affected” by the pandemic and measures to contain it, the office and retail… Read more
Affordable Townhomes Launch Sales in East Garfield Park
Structured Development launched sales for the first phase of Harrison Row Townhomes, a development that will eventually include up to 50 affordable townhomes… Read more
Investcorp, Brennan Secure $56M Acquisition Loan
Cushman & Wakefield recently represented Investcorp International Realty, Inc. and Brennan Investment Group in securing $55.8 million in acquisition financing… Read more
SitusAMC Acquires rSquared CRE Platform
SitusAMC Holdings Corp. said Tuesday it had acquired Chicago-based commercial real estate technology provider rSquared CRE, LLC. The acquisition adds… Read more