Chicago
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
Signal Hill Retail Center Trades Hands
Phoenix-based BIG Shopping Centers USA, Inc. sold Towne Center East, a fully-leased, 154,750-square-foot retail center in Signal Hill, CA. The… Read more
Joe Sandhu Joins Logistics Property Co. in Seattle
Chicago-based Logistics Property Company, LLC (LPC) expanded its leadership team with the addition of Joe Sandhu, a veteran commercial real… Read more
Scion Rolls Out Student Housing Brand Family
The Scion Group has introduced what the locally-based company says is the first complete national brand family in the student… Read more
Flex Office Owner Seeks to Sell in Detroit Metro
CBRE has been hired by Ricardo Inc. as the exclusive listing agent for 40000 Ricardo Dr. in Van Buren Township,… Read more
MMCC’s Giannakopoulos Promoted to SVP, Capital Markets
Marcus & Millichap Capital Corp. (MMCC) promoted Dean Giannakopoulos to SVP, capital markets. Giannakopoulos, with MMCC since 2011, is based in the Chicago… Read more
Uptown La Grange Apartments Trade to JVM
JM Realty Corp. acquired Uptown La Grange, a 254-unit luxury apartment community in La Grange, IL, for an undisclosed sum.… Read more
Chicago Industrial Vacancies Reach 19-Year Low
Industrial vacancies in the Chicago region continued declining in the third quarter, hitting a 19-year low of 4.9% even as… Read more
Duke Scores Big with Chicago-Area Leases
The Chicago office of Duke Realty Corporation signed five leases totaling 860,296 square feet in September in four of its… Read more