Chicago
Vacancy for Chicago Industrial Reaches 19-Year Low
Chicago’s industrial market hit a 19-year vacancy low of 5% in the second quarter as rental rates remained historically strong,… Read more
Lincoln Park’s First New Resi High-Rise in Years Lands Financing
JLL arranged financing for Elevate, a newly-built, 11-story luxury apartment building in Lincoln Park. An HFF legacy deal that closed… Read more
Chicago Sees Boom in Short-Term Rentals
Chicago is among the major U.S. cities experiencing a boom in short-term rentals, says Cushman & Wakefield. According to AirDNA, there… Read more
JV Divests Trio of Fulton Market Office Assets
NKF has arranged the sale of a three-property office/retail portfolio in Chicago’s Fulton Market District. The firm’s Andy Gallas and Gino… Read more
Reimagined Starter Home Chosen in Design Competition
A jury assembled by the Chicago Housing Policy Task Force has selected the Adaptable House by Perkins+Will architect Greg Tamborino… Read more
KBS’ 500 W. Madison to Become Accenture Tower
KBS’ 500 West Madison will be rebranded as Accenture Tower, as the professional services firm anchors the 1.47-million-square-foot property. Accenture… Read more
Habitat Assumes Management at 18 CHA Complexes
The Habitat Company has assumed management of 18 Chicago Housing Authority (CHA)-owned affordable housing communities across the city’s South and… Read more
Realogic Alumni Launch rSquared CRE Venture
Chicago-based rSquared CRE, an SaaS-based provider founded by former Realogic Analytics CEO Sal Caldarone, has opened its doors. The new… Read more
Boutique Project Will Bring Small-Floor-Plate Offices to Fulton Market
Construction has started on Fulton East, a 12-story office and retail building now available for lease at 215 N. Peoria St., in the Fulton Market District. The 90,000-square-foot property… Read more
Interra Elevates Smazal, Feldman to Sr. Managing Partners
Interra Realty has promoted Joe Smazal and Brad Feldman from managing partners to senior managing partners. Smazal has completed more than… Read more
MLS’ Chicago Fire Reaches Agreement to Exit Stadium Lease
The Chicago Fire Soccer Club has reached a $65.5-million agreement with the Village of Bridgeview, IL to break its 30-year… Read more
Skender Completes Full Building Office Fit-Out for Retailer HQ
Skender, serving as general contractor, recently completed the interior renovation of the 40,000-square-foot headquarters of Vital Proteins, a private retailer… Read more
Fifield, F&F Unveil West Loop’s Tallest Tower
Fifield Cos. and F&F Realty, Ltd. recently celebrated the grand opening of 727 West Madison, a 45-story, 492-unit luxury apartment tower that’s reportedly… Read more
Skidmore Tapped to Design O’Hare Satellite Concourses
Skidmore, Owings & Merrill has been selected to lead the design of two new satellite concourses at O’Hare International Airport,… Read more
Duke Launches Spec Build in Low-Vacancy O’Hare Submarket
Duke Realty is constructing a 154,512-square-foot warehouse on a recently acquired 8.15-acre site at 901 Chase Ave. in Elk Grove… Read more
Walk-Up Apartments Trade Near U. of Chicago Campus
Colliers International Chicago VP Tyler Hague represented the Lutheran School of Theology at Chicago in the $3.91-million sale of its… Read more
Affordable Housing in Old Town Secures $70M Fannie Mae Loan
Greystone has provided a $70.4-million Fannie Mae affordable housing loan for Morningside North Apartments in Old Town. The 256-unit senior… Read more
IN Shopping Center Trades with Added Development Opportunity
Marcus & Millichap recently arranged the sale of Goshen Village Shoppes, a 37,135-square-foot retail property in Elkhart, IN. The asset… Read more
KBS’ 500 W. Madison Takes Home BOMA TOBY Honors
KBS’ 500 W. Madison has been awarded the International TOBY (The Outstanding Building of the Year) Award by the Building… Read more