Chicago
FHA Lending Veteran Returns to Draper and Kramer
Draper and Kramer has hired Jacob Vial as SVP in the company’s commercial finance group, overseeing FHA/HUD lending for multifamily and senior… Read more
Chicagoland Chamber Gives Thumbs-Up to Lakefront Mega-Project
Landmark Development’s proposed One Central transit hub and mixed-use development would generate $120 billion in tax and fee revenues over… Read more
Penny Pritzker Offers $10M Prize to Boost Local Development
The Pritzker Traubert Foundation has launched the Chicago Prize, which will award $10 million in grant money to a development… Read more
Connect Chicago Highlights CRE Opportunities and Market Changes
Chicago is continuing to draw investors, developers and large-scale office tenants amid a 10-year economic expansion cycle. It’s also a… Read more
CBRE Adds Two to Occupier Advisory Group
Liz McCleary has been named VP and Dru Garcia senior associate for CBRE in its Chicago occupier advisory & transaction services group.… Read more
Google Walks Away from Deal for Retail Flagship
A 14,000-square-foot space in the Fulton Market District that Google sought to occupy for its first flagship store is back… Read more
Skender Partners with Z Modular to Fabricate Apartment Components
Skender has signed an agreement with Z Modular, a division of Zekelman Industries. The agreement entails using Z Modular’s self-bracing… Read more
Belgravia Names Co-CEOs as Lev Transitions to Chairman
Chicago-based residential developer Belgravia Group, Ltd. has made leadership team changes, as CEO Alan Lev transitions to chairman and David Goldman and… Read more
Meridian Design Build Launches Industrial Project for Amylu Foods
Meridian Design Build recently began construction on an 84,000-square foot USDA meat processing plant for Amylu Foods in the heart… Read more
AFIRE Survey: Can Strong U.S. CRE Fundamentals Outweigh External Risks?
Global investors generally remain confident in a strong U.S. economy, solid real estate market fundamentals, and continued capital inflow to… Read more
Waterton Hires Matt Mering as Hospitality EVP
Waterton has hired Matt Mering as EVP, hospitality. The announcement comes shortly after Waterton’s strategic alliance with Waterford Hotel Group, a… Read more
New Assessments May Mean Sticker Shock for Chicago Landlords
Cook County’s new assessor is shifting the property-tax burden onto commercial buildings by valuing them based on real market sales… Read more
Northpoint’s Republic Steel Redevelopment Garners $52M in TIF
NorthPoint Development’s 2.26-million-square-foot transportation, distribution and logistics (TDL) center on the Southeast Side will receive $52 million in tax increment… Read more
Mixed-Use Property Changes Hands in Roselle
Marcus & Millichap arranged the sale of Promenade Pointe of Roselle, a 15,626-square foot mixed-use property in Roselle, IL. The… Read more
$17M in TIF Proposed for Phase 1 of Ickes Homes Redevelopment
A joint venture of Boston-based Community Builders and locally-based McCaffery Interests would receive up to $17 million in tax increment… Read more
Quartet of Tenants Joins Roster at KBS’ River North Loft Offices
KBS has signed a total of 17,383 square feet in new leases at 213 W. Institute Pl., a loft-office property… Read more
Ventas’ Cafaro Will Chair Board of Economic Club
The historic and exclusive Economic Club of Chicago has selected Ventas Chairman and CEO Debra A. Cafaro to be its… Read more
JLL Will Lease Up Lillibridge’s Central IN Portfolio
JLL has been selected to lease the central Indiana medical office building portfolio of Lillibridge Healthcare Services. The 11-building portfolio… Read more
Prodigy Closes Funding Round for Old Town Multifamily
Prodigy Network has closed on the first round of equity funding for its inaugural project in Chicago, a seven-story multifamily… Read more