Chicago
Insights from SIOR Fall Conference: Strong Industrial Demand into 2020 (VIDEO)
With the new year only a matter of weeks away, it’s time to consider what 2020 will bring for the… Read more
Co-Living’s The Collective Hires U.S. Development Head
Global co-living company The Collective named Simon Koster as head of U.S. development, based in New York. In this newly… Read more
Uber Capital Sources Loan for Ford City Mall Deal
Uber Capital Group sourced a $12.5-million acquisition loan for the Ford City Mall on Chicago’s Southwest Side. The client was… Read more
Avison Team to Oversee Improvements to LinkedIn’s Vertical Campus
Avison Young’s New York project management division was selected by LinkedIn to oversee improvements across its 501,509-square-foot vertical campus at… Read more
Hines to Redevelop Part of Conagra’s Omaha Campus
Hines and Conagra Brands will partner on redeveloping a portion of Conagra’s corporate campus in Omaha. To be known as… Read more
Invenergy Expands to 100K SF at 1 S. Wacker
CBRE recently represented Invenergy, a sustainable energy solutions provider, in a 100,000-square-foot lease at 1 S. Wacker Dr. The firm’s Bill Sheehy, Brad Serot and Cal… Read more
NorthMarq Arranges Recap on Lincoln Park Multifamily
Brett Hood of NorthMarq’s Chicago office secured a $15,645,000 loan to recapitalize a recently renovated, 91-unit Art Deco multifamily building in… Read more
Blue Cross Blue Shield Breaks Ground at Former Morgan Park Target
Mayor Lori E. Lightfoot joined Blue Cross Blue Shield of Illinois (BCBSIL) and Ald. Carrie M. Austin at a groundbreaking… Read more
Greenstone Closes Sale of Goose Island Value-Add
Greenstone Partners brokered the sale of 1040 N. Halsted St. on the North Side’s Goose Island. Deal terms weren’t disclosed. The… Read more
Morguard Buys Out CIM Share in Block 37 Apartments
Morguard North American Residential REIT will buy out CIM Group in the 691-unit Marquee at Block 37 apartments in Chicago’s… Read more
Single-Tenant Goodwill Trades in Glenview 1031 Deal
JLL recently closed the sale of a newly-constructed, 18,000-square-foot, single-tenant retail property that’s triple-net leased to Goodwill in the Chicago suburb… Read more
Chicago CBD’s Shrinking Vacancy Rate Favors Class A
Chicago’s CBD office vacancy rate shed 50 basis points from last quarter to finish the third quarter at 11.8%, Colliers… Read more
City Launching Regional Small Business Centers
Chicago’s Department of Business Affairs and Consumer Protection (BACP) will open five new Regional Small Business Centers next year to… Read more
Ownership Shops Leasehold at 300 W. Adams
Looking to cash in on rising values for downtown office buildings, a venture of Bryn Mawr, PA-based Alliance HSP is… Read more
Essex Realty’s Feo Closes Month with West Ridge Sale
Essex Realty Group wrapped up October with a sale in Chicago’s West Ridge neighborhood at 6442-44 N. Bell Ave. The nine-unit… Read more
Westmount, Stockbridge Partner on 1.7M-SF Industrial Buy
Westmount Realty Capital and Stockbridge partnered to acquire a 1.7 million-square-foot light industrial portfolio in the Chicago region for an undisclosed sum.… Read more
Bronzeville’s Prairie Shores Complex Trades to Golub/Farpoint JV
Golub & Company and Farpoint Development closed on the acquisition of Prairie Shores, a 1,675-unit workforce housing apartment community in… Read more
Equity Residential Upsizes Credit Facility to $2.5B
Equity Residential’s operating partnership has entered into a $2.5-billion revolving credit facility, replacing its existing $2-billion credit agreement. The new… Read more
IREM Chicago Installs 2020 Officers
Four commercial property managers representing a cross-section of the industry were formally installed as the Executive Council for the IREM… Read more