Chicago
Element78 Adds Director in Real Estate Practice
Advisory and administration firm Element78 has hired Jared Elfvin as director. He will help lead and develop the company’s real… Read more
Transwestern Sells Spec Industrial Near O’Hare
Transwestern Development Co. (TDC) sold a 178,516-square-foot industrial property on behalf of TDC Franklin Park Partners I LLC, a partnership with… Read more
It’s Time to Nominate the Year’s Top Brokers
The deadline is almost upon us to nominate commercial real estate’s top leasing and sales brokers for Connect Media’s third… Read more
Interra Promotes South and West Side Specialist Fryman
Interra Realty promoted Lucas Fryman from director to managing partner, and Harrison Pinkus from associate to director. Fryman joined Interra as an associate… Read more
CTA Kicks Off Work on Lawrence/Bryn Mawr Upgrades
The Chicago Transit Authority (CTA) is beginning construction work for the Lawrence to Bryn Mawr Modernization Project (LBMM). The LBMM project is… Read more
Bush Temple Project Reaches Second Phase
The second phase of Cedar Street’s Bush Temple of Music project is now complete with a new 129-apartment, 16-story tower.… Read more
Duke Wraps Up O’Hare-Area Spec Build
Duke Realty completed a 154,000-square-foot speculative logistics property at 901 Chase Ave. in Elk Grove Village, IL. The property is… Read more
Trammell Crow Reshapes Operations, Promotes Adam Nims, Adam Saphier
Trammell Crow Co. is consolidating its operational model from three regions to two, and creating expanded Eastern and Western Regions… Read more
Quarters Adds Two Brooklyn Co-Living Sites
Co-living provider Quarters announced two new Brooklyn locations, in North Williamsburg and in Fort Greene. In total, the properties will… Read more
Evergreen Will Convert Former Hospital to Seniors Complex
Evergreen Real Estate Group launched construction on Ravenswood Senior Living, a 193-unit affordable rental community at 4515 N. Winchester Ave. in Chicago’s… Read more
Fifth Third Makes $100M Commitment to O-Zones
Fifth Third Bank said it would invest $100 million in projects that support community development through four Opportunity Zone fund… Read more
Skidmore Contract Completes Design Team for O’Hare Revamp
The design team for the $8.5-billion O’Hare 21 modernization project is now complete, as Skidmore Owings & Merrill (SOM) signed… Read more
U.S. Multifamily Acquisitions Hit Record Highs
U.S. multifamily acquisitions rose by 4.4% last year to $184 billion, the highest volume since Real Capital Analytics began tracking… Read more
Eisenopoly Returns for 11th Year, With Some New Features
Known as “the best party of the winter” in Chicago real estate circles, Eisenopoly is set for its 11th annual… Read more
Extended-Stay in River North Scores $58M Refi
JLL Capital Markets arranged a near $58-million refinancing for Home2Suites by Hilton Chicago River North, a newly-constructed, 206-suite, extended-stay hotel in River… Read more
Rent Growth Will Continue for Chicago Multifamily in 2020
The Chicago apartment sector’s solid fundamentals will continue driving both rent growth and new supply, especially downtown. However, a cloud… Read more
4 South Side Hospitals Plan to Join Forces in $1B Merger
Four financially-strained South Side hospitals plan to combine into a new system under a plan announced Thursday. Under the $1.1-billion… Read more
CRER Arranges Fulton Market Sale to Shapack
Chicago Real Estate Resources (CRER) closed the sale of 400 N Peoria St. in the Fulton Market District. CRER’s Jarid Dietrich and Nate Gautsche… Read more
Chicago Investor Acquires Milwaukee Offices
Milwaukee’s 222 E. Erie, an 85,000-square-foot, creative office building that was built as a bakery in 1896, has sold to… Read more