Chicago
Cudzilo Joins NKF to Oversee Management Services
Craig Cudzilo has joined NKF’s Chicago office as director of management services. His responsibilities will include oversight of NKF’s third-party asset management portfolio… Read more
Nema Chicago Tower Lands $340M Refi Ahead of Completion
Crescent Heights, which is developing Chicago’s tallest apartment building, has refinanced the project with a $340-million loan months before completing… Read more
Spaces Branches Out into Multifamily Sales
Spaces Real Estate launched its new multifamily sales division, Spaces Invest. Brokers Julia Stoner and Roman Serra will spearhead the division,… Read more
Logan Square Apartments Trade After 4-Year Hold
Essex Realty Group brokered the sale of 1627 N. Humboldt Blvd., a 41-unit apartment property in Logan Square. The property… Read more
PCCP Provides Refi on Chicago-Area Luxury Build
PCCP LLC provided a $33.1-million senior loan to GSP Development for the refinance of Apex 41, a five-story, 181-unit, luxury… Read more
Pritzker Signs Bills Enacting Casino Expansion, $45B Capital Plan
Gov. JB Pritzker has signed legislation enacting Illinois’ largest capital plan to date, with a view toward repairing and upgrading… Read more
Quantum Real Estate Adds Retail Veteran Lenhoff
Chicago-based Quantum Real Estate Advisors has appointed Jason R. Lenhoff as VP. Lenhoff is a veteran in the commercial real… Read more
River North Loft Office Owners Hope to Double Their Money
Hoping to cash in on demand for downtown loft office space, a venture of Chicago investor Michael Palumbo and Skokie-based… Read more
CBD Office Shines, But Suburbs Hold Their Own
Urban job creation is fueling downtown Chicago’s office market, as major corporations continue adding high-wage jobs to the area, Marcus… Read more
Brennan Signs First Tenant at Elk Grove Tech Park
Brennan Investment Group has signed a long-term lease with Broetje-Automation as the first tenant of the Elk Grove Technology Park… Read more
O’Hare Will Reap Cost Savings from Canceled City Borrowings
Mayor Lori Lightfoot on Thursday canceled $1.4 billion in short-term borrowing programs. The termination of the lines of credit and commercial… Read more
Despite Delays, Industrial Development Doesn’t Flag
Rain delays don’t affect only the starting times of baseball games. The wet spring that the Chicago region has experienced… Read more
JPMorgan Expands Investment in Detroit’s Economy
JPMorgan Chase will expand its investment in Detroit’s economic recovery, committing to reach $200 million by the end of 2022.… Read more
KDC Launches Build-to-Suit for Sammons HQ Relocation
KDC has commenced construction on Sammons Financial Group’s new corporate headquarters in West Des Moines, IA. The 215,000-square-foot build-to-suit facility… Read more
Loop Alliance Will Spotlight Hilton Hotels’ Dean Lane
The Chicago Loop Alliance Foundation will honor Dean Lane, area general manager of the Hiltons of Chicago and the Palmer House, with its Illumination… Read more
First Western Closes Deal for Edgewater Apartments
First Western Properties has arranged the sale of a two-building apartment property in the North Side’s Edgewater neighborhood. The 76-unit… Read more
InvenTrust Taps Green Street’s Busch as CFO
InvenTrust Properties Corp., based in Downers Grove, IL, has named Daniel J. Busch (pictured) as EVP, CFO and treasurer, effective… Read more
Brennan, Arch Street Form 8th Industrial JV
Brennan Investment Group and an institutional client of Arch Street Capital Advisors have formed their eighth joint venture to acquire,… Read more
Clune Promotes 11 to SVP, VP in Chicago Office
Clune Construction promoted 11 employees in its Chicago office to executive-level positions. Chris Franz, Andrew Hoppe, Dino Pastore and Jeremy Stanek… Read more