Chicago
ASC Arranges Acquisition Loan on Marquette Park Apartments
American Street Capital (ASC) secured a $4.95-million permanent acquisition loan for an 85-unit multifamily building in Marquette Park. The loan… Read more
Proper Title Hires Industry Veteran Bales Out of Retirement
Proper Title, LLC has hired Richard (Dick) Bales as senior underwriting consultant and counsel. A longtime authority on title insurance, Bales will provide… Read more
U.S. Industrial Demand Holds Up Through Pandemic
Despite market uncertainty around the global pandemic, industrial demand remains strong, Cushman & Wakefield reports. U.S. vacancy ticked up by… Read more
Chicago Fed Reports Uptick in Business Activity
The Chicago Federal Reserve’s Survey of Business Conditions (CFSBC) Activity Index increased to +3 in June from –32 in May,… Read more
Chicago Marathon Won’t Be Run This Year
The Chicago Marathon, scheduled for Oct. 11, has been canceled for only the second time in the annual event’s 43-year… Read more
Clune Construction Promotes 5 to VP in Chicago
Clune Construction has promoted five team members in its Chicago office to VP. Among them, they have 114 years’ construction experience.… Read more
Q&A with Evergreen’s Steve Rappin on Managing a Multifamily Portfolio in a Pandemic
By Paul Bubny For Chicago-based Evergreen Real Estate Group, the onset of the COVID-19 pandemic meant rapid adjustment to an… Read more
Shutdown Hits Some Chicago CRE Sectors Harder Than Others
A regional roll call of Chicago’s commercial real estate sectors finds all feeling the impact of the economic shutdown amid… Read more
J.C. Anderson Completes Loop Build for OppLoans
J.C. Anderson completed a 23,000-square-foot office renovation project for OppLoans at 130 E. Randolph St. in the Loop. The new… Read more
Offices Leased to State Agency Trade on Southwest Side
Marcus & Millichap arranged the sale of a single-tenant office building on Chicago’s Southwest Side leased to the Illinois Department… Read more
NorthShore, Northwest Community Healthcare Systems Will Merge
NorthShore University Health System and Northwest Community Healthcare said Wednesday they had agreed to merge. Deal terms weren’t disclosed; the… Read more
United Airlines May Furlough One-Third of Workforce
United Airlines warned employees Wednesday it could furlough as much as 36,000 workers, or more than a third of its… Read more
Essex Realty Adds to South Side Team with New Hire
Essex Realty Group has expanded its South Side Chicago team with the addition of a new associate, Erica Trejo. Since November 2019, Trejo… Read more
Andrew McDonald Steps into Americas Chief Executive Role at Cushman & Wakefield
Cushman & Wakefield tapped Andrew McDonald to take over the helm of the Americas for the global commercial real estate… Read more
Blue Cross & Blue Shield IL Parent Takes 100K SF in Pilsen
Health Care Service Corp. (HCSC), the parent company of Blue Cross & Blue Shield of Illinois, signed a 103,533-square-foot lease… Read more
Construction Veteran Hornjak Joins Skender
Boris Hornjak has joined Skender as VP of commercial construction. With 34 years of hands-on large project experience across the… Read more
Goldman Sachs Pauses Financing on 1000M Supertall
Construction lender Goldman Sachs has put the 74-story 1000M residential condominium project along South Michigan Avenue on hold until it… Read more
Common Opens Flagship Property on West Side
Coliving brand Common has opened its new flagship Chicago property Common Addams, in partnership with locally based City Pads. Located… Read more
Proper Title Promotes Kwak to EVP of Operations
Proper Title, LLC, the Palatine, IL-based title insurance agency, promoted Kathy Kwak to EVP of operations and counsel. Kwak will… Read more