Chicago
Illinois State Pension Shortfalls Hit Record High
Underscoring concerns about the financial health of the region and state, the state legislature’s fiscal unit has released a report… Read more
Pinstripes Will Partner with Brookfield on 3 New Locations
Chicago-based Pinstripes Inc. has formed a partnership with Brookfield Properties to open three new locations. With an undisclosed minority equity investment in Pinstripes, the… Read more
California Cities Among Construction Costs Leaders
Two California cities, San Francisco and Los Angeles, were ranked among the markets with high construction costs, though one was… Read more
Building Code Gets First Overhaul Since 1949
Mayor Rahm Emanuel has signed an ordinance providing for Chicago’s first comprehensive overhaul of its building code since 1949. The… Read more
Centennial Brings “Central Park” to 2 Area Malls
Dallas-based Centennial is launching a new placemaking concept with significant redevelopments at two Chicago-area properties: Hawthorn Mall in Vernon Hills,… Read more
Kitchen United Will Expand Chicago Base to Fulton Market
Kitchen United, a startup that leases space to restaurants and food entrepreneurs, has signed a lease for 12,700 square feet… Read more
Investcorp Acquires U.S. Distribution Center Portfolio for $170M
Investcorp’s U.S.-based Real Estate Investment team acquired a portfolio of eight single-tenant distribution properties across the country for a combined… Read more
JK Equities Plans West Loop Chicago Condo Development
New York-based JK Equities plans to commence construction in the second half of 2019 on 1400 West Monroe. The 42-unit… Read more
3 Chicago Sites on Landmarks Group’s Endangered Places List
A long-vacant bank building on the South Side is among three Chicago sites named by Landmarks Illinois to its 2019… Read more
One Central Developer Seeks Public-Private Agreement on Project’s Transit Hub
The developer behind the proposed One Central, a lakefront mega-project near Soldier Field, is seeking $3.8 billion in state funds… Read more
Parts Supplier Quadruples Space in Move to O’Hare Warehouse
Darwin Realty has represented a parts supplier in its new lease of 23,375 square feet at 9405 River St. in… Read more
Apartments Near Illinois State University Get New Ownership
Marcus & Millichap has arranged the sale of Lincoln Park Townhomes, a 39-unit apartment property located in Normal, IL, near… Read more
Vintage Multifamily Trades in West Rogers Park
An Essex Realty Group team recently brokered the sale of 2740-44 W. Granville Ave., a vintage 10-unit apartment building in… Read more
Citadel’s Ken Griffin Commits to Chicago
Hedge fund billionaire Ken Griffin has considered moving the headquarters of Citadel and Citadel Securities to New York, and recently… Read more
New-Build Multifamily in OH Gets Freddie Mac Loan
Hunt Real Estate Capital has provided a $33.2-million Freddie Mac multifamily loan to refinance a Dayton, OH property. The ownership… Read more
Blue Cross and Blue Shield of IL Opens Its First Neighborhood Center
Blue Cross and Blue Shield of Illinois recently cut the ribbon on a Blue Door Neighborhood Center, the company’s first,… Read more
SMS Assist Promotes Shiffman to CEO
Facilities management platform SMS Assist has named Marc Shiffman its new CEO, effective immediately. Shiffman’s new role is a promotion… Read more
Dayton-Area Retail Lands Acquisition Financing
NorthMarq’s Noah Juran recently completed acquisition financing of $4.4 million for Northwest Plaza, a 220,000-square-foot retail property in Dayton, OH.… Read more
Lincoln Park Loft Offices 92% Full 4 Months After Opening
Developer SOI:01 said its four-story 1440 N. Dayton loft office redevelopment in Lincoln Park, is more than 92% leased, less… Read more