Chicago
Associated Bank Provides Loan for South Shore Multifamily Deal
Associated Bank recently completed a $1,360,000 loan for 312 Properties for the acquisition of a three-story, 13-unit residential building. The… Read more
Chicago Bears Rule Out Allowing Fans at Home Games
The Chicago Bears will keep fans out of home games indefinitely. The NFL franchise announced the decision Monday, after discussions… Read more
Rent the Runway Shifts from Retail Stores to Drop Boxes
Clothing subscription company Rent the Runway will close all of its retail stores, including its Union Square flagship. Rent the Runway… Read more
ACRE Provides $69M Refi on Cincy MXU
Global real estate private equity and debt firm Asia Capital Real Estate (ACRE) has provided $68.5 million of floating-rate debt for the refinance of City Club Apartments, also… Read more
Chicago Could Add 220M SF of Industrial Space by 2025
With the expansion of e-commerce, demand for industrial distribution space will continue to increase, and Chicago’s projected to add up… Read more
Lightfoot Unveils New Anti-Looting Plan
The Lightfoot administration on Friday announced a new plan to protect Chicago’s commercial corridors, neighborhood businesses and communities from the… Read more
Mosaic Construction Adds Two to Team
Chicago-based Mosaic Construction, LLC has added Neil Power as production manager and Jared Maurer as project manager. Between them, Power and Maurer bring more than… Read more
Baker Tilly to Merge with California CPA Firm
Chicago-based accounting and advisory firm Baker Tilly US, LLP and Squar Milner, LLP, among the largest California-based independent accounting firms,… Read more
Dermody Promotes Tyler Scheppmann to SVP
Tyler Scheppmann, based in Chicago, has been promoted to SVP of investor relations at Dermody Properties. Scheppmann will take on additional… Read more
JV of Shvo, Deutsche Finance Closes on $376M “Big Red” Deal
The joint venture led by Shvo and Deutsche Finance America finalized the $376-million acquisition of 333 S. Wabash Ave., formerly… Read more
Master-Planned MXU in Western Suburbs Secures Bridge Loan
JDI Loans LLC, an affiliate of JDI Realty LLC, closed a $6.65-million bridge loan to Convergence Brass LLC, secured by… Read more
Draper and Kramer Launches Construction in Wrigleyville
Draper and Kramer, Incorporated launched construction on a seven-story, 120-unit mixed-use development at 949 W. Dakin St. in the North Side’s… Read more
AIA Arranges Pair of Lakeview Apartment Deals
Apartment Investment Advisers (AIA) recently closed the sale of two apartment buildings in the Lakeview neighborhood on Chicago’s North Side. … Read more
Building Congress Urges Steps to Capture Parks’ Real Estate Value
Increasing NYC Parks Department’s expense budget and giving businesses more open space are among the recommendations the New York Building… Read more
ALA’s New Headquarters Completes Buildout
Skender, serving as general contractor, recently completed interior construction of the 55,000-square-foot Chicago headquarters of the American Library Association (ALA),… Read more
Proper Title Adds 10th Chicagoland Closing Office
Proper Title LLC has opened a new office at 552 S. Washington St. in Naperville, IL to accommodate its growing… Read more
CA Ventures Launches Management Platform for Its European Student Housing
Chicago-based CA Ventures is launching Novel Student, a pioneering property management platform that will operate the firm’s portfolio of purpose-built student accommodation… Read more
E-Commerce Tenant Takes 575K SF in Chicago’s Western Suburbs
NAI Hiffman has completed a lease to an undisclosed major e-commerce company for two new last-mile industrial buildings in Cicero, IL,… Read more
Avison Arranges Partial Sale-Leaseback of Mokena Industrial
Avison Young negotiated the sale of a 125,000-square-foot industrial facility in Mokena, IL, which supports Dunkin Donuts’ Midwest distribution. Deal terms… Read more