Chicago
Chicago Suburban Office Has History of Stability On Its Side
As with many office markets across the U.S., the suburbs of Chicago are largely on pause due to COVID-19. However,… Read more
Where the Hotspots Are for Economic Fallout
The fallout from the shutdowns mandated by the coronavirus pandemic will affect every major metro area in the country, but… Read more
Downtown Office Outlook a Question Mark for Now
Despite reaching a five-year high in vacancies, Downtown Chicago’s office market is best described as “healthy.” How healthy it remains,… Read more
Lightfoot Sees Flattening Curve in Pandemic Cases
New data suggest that social distancing and the state’s stay-at-home order may be working to flatten the COVID-19 curve in… Read more
Kenwood Apartments Trade to Buyer with Long-Term Vision
Interra Realty brokered the sale of 4119 S. Ellis Ave., a 23-unit apartment building in the South Side’s Kenwood neighborhood, for… Read more
MJ Zaring Joins Newcastle as VP of Asset Management
MJ Zaring has joined Newcastle Limited as VP of asset management. In her new position, Zaring will be part of Chicago-based… Read more
Pritzker Pursues Midwest Coalition on Restarting States’ Economies
Illinois Gov. JB Pritzker seeks to form a regional coalition to pursue common goals in reopening states’ economies that have… Read more
Samantha Fisher Joins Transwestern Chicago in Workplace Strategy Role
Samantha Fisher has joined Transwestern as director of workplace strategy. Based out of Transwestern’s Chicago office, she will focus on… Read more
DePaul Team Takes Top Honors in Eisenberg Foundation Challenge
A DePaul University team’s proposal for redeveloping 7.9 acres of the Moody Bible Institute campus garnered top honors and $5,000… Read more
Brennan Promotes McCarthy to Focus on Milwaukee, Minneapolis Buys
Brennan Investment Group promoted Luke McCarthy to senior associate, with a focused responsibility to acquire industrial assets in the Milwaukee/Minneapolis markets. McCarthy is… Read more
Ravenswood MOB Trades for $14M
Cushman & Wakefield’s Healthcare Capital Markets team represented owner 1945 W. Wilson LLC in the $13,850,000 sale of a multi-tenant,… Read more
Data Centers Continue Upward Trajectory
Data center absorption rates in U.S. major markets posted a new record of 396.4 megawatts in 2019, a 33% gain… Read more
Multifamily Renters (Mostly) Pay on Time as COVID-19 Spreads
By Paul Bubny With apologies to the old game show that went by this name, it’s not “the $64,000 question”… Read more
NKF Arranges $103M Financing on JV’s Cityfront Place Deal
NKF Multifamily arranged $102.5 million in financing for the acquisition of Cityfront Place in Downtown’s Streeterville neighborhood. The property was acquired by… Read more
American Landmark Trades Offices in Western Suburbs
JLL Capital Markets closed the $24.18-million sale of Two TransAm in Oakbrook Terrace and 750 Warrenville in Lisle, two Class A… Read more
Deconversion Deal Crosses Finish Line in Chicago’s Gold Coast
CBRE completed the $44-million condo deconversion sale of 21 East Chestnut Condominiums, a 163-unit condo property in Downtown’s Gold Coast… Read more
Meridian Design Build Wraps Up Project for Amylu Foods
Meridian Design Build recently wrapped construction on an 84,000-square-foot USDA meat processing plant for Amylu Foods at 1400 W. 44th… Read more
Clear Height Completes Buildout for Singerman’s Loop Offices
Singerman Real Estate, a real estate private equity firm, has relocated to a new, 8,000-square-foot corporate headquarters office at 980… Read more
Chicago Office Faces Uncertainty After Strong Start to 2020
Aside from suburban office, where vacancies increased 10 basis points, the Chicago office market began 2020 strong, says NKF. For… Read more