Chicago
Loop High-Rise Converts from Corporate to Luxury Rentals
200 Squared, the 42-story, 329-unit Loop high-rise at 210 N. Wells, is being converted from corporate housing to luxury apartments.… Read more
Grocery-Anchored Center on SW Side Trades in All-Cash Deal
Marcus & Millichap closed the sale of Park Shops, a 47,069-square-foot, grocery anchored center on the city’s Southwest Side. The… Read more
Concourse Chicago Lands Three New Tenants
NAI Hiffman’s Steve Chrastka and Jason Wurtz completed three leases totaling approximately 8,900 square feet at Berger Asset Management’s Concourse… Read more
Lightfoot Forms Panel to Study Affordable Housing Supply
With affordable housing a key sticking point in contract negotiations between the city and the Chicago Teachers Union, Mayor Lori… Read more
Buyer of Berwyn Apartments Plans Gut Rehab
Interra Realty brokered the sale of 1917-23 S. Grove Ave., a four-story, 34-unit building in the western suburb of Berwyn, IL.… Read more
HWE Arranges $400M Deal for Freehand Hotels
Hodges Ward Elliott (HWE) represented the seller in the sale of the Freehand Hotels hospitality brand portfolio, comprising four properties in Manhattan,… Read more
Colliers Names Morgan to Lead Northwest Region
Colliers International Group Inc. expanded its leadership team with the addition of Kevin P. Morgan, who joined the company as… Read more
Griffin Divests FedEx Truck Terminal in Ohio
Griffin Capital Essential Asset REIT sold a 160,410-square-foot truck terminal at 10 Commerce Pkwy., West Jefferson, OH for $30.3 million.… Read more
Shilling: No Need to be Defensive About CRE Markets
Even as the length of the current cycle reaches a record duration, and is causing some to be less bullish,… Read more
Instant Hires Chicago-Based Brady as Americas CEO
Flexible space provider Instant has named CRE veteran Joe Brady as Americas CEO, effective Dec. 2. Brady will lead Americas… Read more
48-Unit Oso Affordable Complex Opens on North Side
Evergreen Real Estate joined Ald. Carlos Ramirez-Rosa and city and state housing officials recently for the grand opening of the… Read more
Venture One to Develop 1M-SF Amazon Center in Will County
Amazon will open a one-million-square-foot fulfillment center in Channahon, IL. The center, being developed by Venture One Real Estate, will… Read more
Olshan Breaks Ground on Fourth Hotel at Columbus’ Easton Center
Olshan Properties broke ground on a 136-key Aloft Hotel at Easton Town Center in Columbus, OH. The new Aloft will become Olshan’s… Read more
Trophy Offices Fare Best in Chicago Suburbs Leasing
As in the CBD of Chicago, trophy office properties in the suburbs are faring best, according to Colliers International. While… Read more
Hospitality REIT Snaps Up Kimpton Hotel in River North
Newly-rebranded REIT Service Properties Trust completed the purchase of the 261-room Kimpton Palomar Hotel in River North for $55 million,… Read more
JLL Closes on Sale, Fannie Mae Financing
JLL closed the $25.7-million sale and $20.56-million financing of Central Park and Governor’s House Apartments, totaling 316 units and located… Read more
Wight & Co. Elevates Shawn Benson to Director
Wight & Company promoted Shawn Benson to director of land development. In his new role with the Chicago-based design and… Read more
Navy Pier Flyover Completion Delayed, Now Targeted for 2020
Completion of the Navy Pier Flyover has been pushed back to late spring of 2020, according to the Chicago Department… Read more
NorthMarq Arranges Debt and Equity on Cincy Seniors Project
Noah Juran with NorthMarq’s Cincinnati office secured $24 million in debt and equity financing for Airy Hills at North Bend Crossing. The… Read more