Chicago
MBIRE’s Real Estate Gala Goes Virtual on Nov. 5
The 19th Annual Real Estate Gala for the Marshall Bennett Institute of Real Estate at Roosevelt University (MBIRE) in Chicago will be held virtually this year on… Read more
Southwest Will Make O’Hare Debut with 20 Flights
Southwest Airlines Co. will initially fly 20 daily flights out of Chicago O’Hare International Airport beginning in February 2021, the airline… Read more
W&D Structures $38M Financing on Chicago-Area SNFs
Walker & Dunlop, Inc. structured $38,413,600 in financing for four skilled nursing properties in Illinois, all within 50 miles of Chicago. The collection of… Read more
Green Courte Hires CEO for Resi Holding Company
Chicago-based private equity real estate firm Green Courte Partners hired Andrew C. Alexander as the first CEO of its new residential holding… Read more
Goldrich Kest Taps Industry Veteran for Top Executive Role
Richard A. Hawthorne was appointed managing director of development and construction for Goldrich Kest. He joins from Aimco and brings… Read more
Logistics Tenant Leases Full Building at Bridge’s Waukegan Park
Bridge Development Partners, LLC today announced that it has reached a long-term lease agreement with a national logistics company at… Read more
U. of Illinois at Chicago Moves Ahead with $115M Computer Science Building
The University of Illinois at Chicago is moving ahead with a plan to build a new computer science building costing about $115 million,… Read more
Investcorp Snaps Up 22M-SF Midwest Industrial Portfolio
Investcorp acquired 32 industrial properties totaling approximately 3.5 million square feet across four major Midwest markets for a total capitalization… Read more
Marvel Group’s Chicago Lawn Facility Trades in Sale-Leaseback
A manufacturing and warehouse facility occupied by the Marvel Group sold at 3843 W. 43rd St. and 3800 W. 44th St. in… Read more
Dwelle Acquires West Loop Apartments in “COVID-Era Deal”
Dwelle acquired a rental complex at 1247-1249 W Madison St. in Chicago’s West Loop for $32,800,000, or $420,513 per unit.… Read more
Lakeview Rentals Listed for First Time in 30 Years
Essex Realty Group’s Steve Livaditis and Jacob Goldstein have listed a nine-unit apartment property at 3415 N. Elaine Pl. in… Read more
Grocery-Anchored Retail Lands $16M Loan
JLL Capital Markets arranged $15.68 million in financing for Red Top Plaza, a 147,840-square-foot, grocery-anchored retail center in Libertyville, IL. The firm… Read more
NEMA Chicago Begins Leasing Bigger Apartments
Crescent Heights’ NEMA Chicago introduced the Skyline Collection of two- to four-bedroom apartments on floors 49 through 76. With its… Read more
Pritzker: Illinois in ”New Wave of COVID-19”
Gov. JB Pritzker tweeted Sunday that ”We’re in a new wave of COVID-19 here in Illinois and across the nation.… Read more
Donahue Schriber Names Michael Glimcher Chair, CEO & President
Costa Mesa-based Donahue Schriber Realty Group hired Michael Glimcher to replace retiring executives Patrick S. Donahue, Chairman and CEO, and… Read more
Transwestern to Lease Up Office Space at Apartment Tower
Transwestern Real Estate Services was selected by Onni Group to provide leasing services for 70,000 square feet of office space within THREE Old… Read more
Why Is this Recession Different? For One Thing, Land Sales for Residential Development Are Up
By Dan Spiegel, Coldwell Banker Commercial What is driving these anomalistic land sales for residential development? Since February, the U.S.… Read more
Landmark Art Deco Tower Will Become Chicago’s First Pendry Hotel
California-based Montage International acquired the landmark Carbide & Carbon Building at 230 N. Michigan Ave. and will renovate the Art… Read more
Zell Sees Economic Risk in Rising U.S. Debt
Sam Zell said Thursday that he’s worried about trillions of dollars in stimulus spending by Congress and a resulting rise… Read more