Chicago
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
Lightfoot Seeks Renewable Energy for All City-Owned Buildings
The Chicago Department of Assets, Information and Services will post a new request for proposals (RFP) on Friday to procure a renewable… Read more
Chicago Multifamily Holds Steady Despite Potential Rent Declines
Multifamily in Chicago’s suburbs is faring better than CBD product in terms of rent growth, according to Integra Realty Resources.… Read more
Palatine MOB Sells to Toronto-Based Mohawk
Toronto-based Mohawk Asset Management Corp., a private equity and alternative asset management firm specializing in healthcare real estate, acquired the… Read more
CushWake Tapped for Lease-Up at NorthPoint’s Commerce Park Chicago
NorthPoint Development selected Cushman & Wakefield to market the remaining three sites at Commerce Park Chicago, a 2.4-million-square-foot park on… Read more
Grant Thornton Adds 7 Leaders within Industry Practice
Grant Thornton LLP has appointed seven new leaders within the Chicago-based tax and advisory firm’s Industry practice. They include the… Read more
Nominate a Woman in Real Estate for Our Fourth Annual Awards
Nominations for the 2020 Women in Real Estate Awards have opened, and we welcome your input. For the fourth consecutive… Read more
Mark Stern Joins JLL Capital Markets in Chicago
Mark Stern has joined JLL Capital Markets as a managing director in its Chicago office. As part of the Midwest… Read more
Mesirow Arranges Tax-Exempt P3 for University of Illinois
Mesirow Financial’s Public Finance and Credit Tenant Lease and Structured Debt Products teams acted as the senior underwriter for one… Read more
Haidilao Hot Pot Coming to Tri-Branded Hilton
James McHugh Construction Co. has begun construction of a 7,000-square-foot Haidilao Hot Pot restaurant at 107 E. Cermak Rd., on the second floor of Hiltons at… Read more
Chicago Faces $1.2B Budget Gap for Fiscal 2021
Chicago’s municipal budget forecast projects a $1.2-billion gap for fiscal year 2021. The budget gap, the largest in the city’s… Read more
Chicago Data Center Demand Remains Robust
Chicago saw the sixth-most data center leasing activity in North America in the first half of 2020, according to CBRE’s… Read more
Interra Brokers Off-Market Deal in Ravenswood
Interra Realty brokered the $5.585 million off-market sale of 2020-36 W. Montrose Ave., a 31-unit mixed-use property in the North Side’s… Read more
Porte Rentals Commissions One of City’s Largest Murals
Work is now underway to create one of the largest standalone murals in the city of Chicago. Set for completion… Read more