Chicago
Loop Metrics Trending Upward
Metrics are trending upward in the Loop, according to the Chicago Loop Alliance. The business organization, which has been collecting monthly survey… Read more
Discovery Partners Institute Will Double West Loop Footprint
The University of Illinois Board of Trustees on Thursday approved a lease that will roughly double the amount of space… Read more
City Council Enacts Affordable Ordinance for Woodlawn
Chicago’s City Council on Wednesday approved the Woodlawn Housing Ordinance, an affordable housing preservation ordinance that will protect existing residents… Read more
Unispace Names Chicago-Based Global CEO
Australia-based workspace strategy and design firm Unispace named Steven Quick its new global CEO, based in Chicago. Quick was previously chief… Read more
Chicago’s Industrial Sector Looks Stable Through Year-End
With market fundamentals having held up well during the pandemic and resulting downturn, the Chicago region’s industrial sector is expected… Read more
NorthMarq Arranges $33M for ND Affordable Properties
Brett Hood, SVP of NorthMarq’s Chicago office, secured $33,417,000 in combined agency debt facilitating the acquisition of four independent multifamily properties… Read more
MBIRE Awards $90K in Real Estate Scholarships
The Marshall Bennett Institute of Real Estate at Roosevelt University (MBIRE) has awarded scholarships to 10 students as part of its… Read more
Zeller Promotes COO Bob Six to CEO
Current COO Bob Six has been promoted to CEO of Zeller. Sam Zeller, VP of Zeller Development Corporation, has been promoted to COO… Read more
Essex Realty Promotes Two to Director
Derek Kaptanoglu and Anthony Citriglia both have been promoted to director at Essex Realty Group. Previously associates with Essex Realty who… Read more
Clune Construction Names New President for NY Office
Clune Construction promoted Tommy Dwyer to president of the company’s New York office. Dwyer will co-lead the New York office with SVP Sean Clune, who has been… Read more
Marquette Scores Financing for Two Apartment Projects
Marquette Companies has scored construction financing for the two developments near Union Park in the Fulton Market District: an 11-story… Read more
Chicago-Area Retail Could See 14% Drop in Rent Revenues
Retail properties in the Chicago market could see effective rent revenues decrease for 2020 between 12.1% and 14.4% on a… Read more
MOB Changes Ownership in Midland
Marcus & Millichap finalized the sale of 2500 W. Illinois Ave., a 19,547-square-foot medical office building in Midland. Terms of… Read more
Labor Day Spotlight: CRE Industry Members Reflect on Work and Life in a “Strange” Year
By Paul Bubny Over the nearly six months that the COVID-19 pandemic has been an unavoidable reality that has upended… Read more
Where to Find Some of the Best Opportunity Zone Opportunities
A widespread group of mostly-impoverished, densely-packed urban neighborhoods offers some of the best potential for Opportunity Zone investment, according to… Read more
CIC Secures $330M of Commitments for Affordable on South, West Sides
The Community Investment Corporation (CIC) has secured a $330-million lending commitment from 40 banks for the acquisition and rehabilitation of… Read more
Kenwood Multifamily Sale Points to Continued Strong Demand
Interra Realty arranged the $3.65-million sale of 4400 S. Drexel Blvd., a 46-unit rental community in the South Side’s Kenwood neighborhood.… Read more
California Markets Rank Among Top for Net Lease Investment Volume
Research from CBRE shows three California markets were ranked among the Top 10 for total net lease investment volumes during… Read more
Optima Builds Out Montessori School at Streeterville Resi
Optima, Inc. completed the buildout of Guidepost Montessori at Magnificent Mile’s new elementary school at Optima Signature, the firm’s mixed-use development at 220 E.… Read more