Chicago
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
Ravenswood Mixed-Use Trades to Local Buyer
Essex Realty Group arranged the sale of 4401-4407 N. Mozart St., a 19-unit mixed-use property in the North Side’s Ravenswood… Read more
Dale Todd Joins Stream in Industrial Development Division
Stream Realty Partners hired Dale Todd as senior director of Stream’s Industrial Development Services Division. Todd will be based out of Stream’s Dallas… Read more
Lightfoot Aims to Close $1.2B Gap with “Recovery” Budget
Mayor Lori Lightfoot on Wednesday presented a $12.8-billion 2021 Budget to Chicago City Council. The mayor proposed a “modest” $94-million… Read more
Hilco to Oversee 17-Property South Side Bankruptcy Sale
Hilco Real Estate, LLC announced Nov. 3 as the bid deadline for a court-supervised bankruptcy auction of 17 multifamily properties on Chicago’s South Side,… Read more
Pritzker Imposes COVID Resurgence Mitigations in Chicagoland
Gov. JB Pritzker said Tuesday that COVID-19 resurgence mitigations will be implemented in four suburban Chicago counties, including Will and… Read more
Helios Visions, T2D2 Partner on Drone Façade Inspections
Chicago-based drone services company Helios Visions has joined forces with T2D2, a software as a service (SaaS) platform that uses… Read more
Office Leasing Rebounds Nearly 40% in Chicago Suburbs
Although still constrained by the COVID-19 pandemic, the Suburban Chicago office market saw some wind return to its sails in… Read more
“Lightscape” Displays Removed from State Street After 9-Year Run
Chicago Loop Alliance has removed “Lightscape” after a nine-year run for the light and sound installation in State Street’s planter boxes. The… Read more
Lightfoot: Chicago is in ”Second Surge” of Pandemic
Mayor Lori Lightfoot and Public Health Commissioner Allison Arwady sounded the alarm on Monday over a significant rise in COVID-19… Read more