Chicago
Interra Brokers South Shore’s 2nd Largest MF Deal of 2018
Interra Realty has brokered the sale of a 61-unit multifamily development at 7131-51 S. Bennett Ave. in the South Shore… Read more
Ferrara Will Relocate from Suburbs to Old Post Office
Ferrara Candy Company, founded in Chicago more than a century ago, is coming back to the city. It will occupy… Read more
Detroit Multifamily Vacancies at Five-Year Low
Even with additional inventory coming on line, the Detroit metro area’s vacancy rate is at a five-year low, says Marcus… Read more
Oak Brook Trustees Approve 22-Story Condo Tower
The Oak Brook Board of Trustees has approved The Butler development of 90 luxury condominiums near the Oakbrook Center. Designed… Read more
Westmount Claims 1.4M-SF Midwest Portfolio
Dallas-based Westmount Realty Capital, LLC acquired a 1.43 million square-foot industrial portfolio in Chicago, Cincinnati and Columbus, OH. Comprised of 12 buildings… Read more
CTA Advances on $4B Red Line Revamps
The Chicago Transit Authority has selected a joint venture of Walsh Construction Company and Fluor as preferred partner to design… Read more
Net Lease Buyer Reels in Lakeview Seafood Eatery
Stream Capital Partners has arranged the $2.2-million sale-leaseback of Fahlstrom’s Fresh Fish Market, a popular seafood restaurant at 1258 W.… Read more
Angelo Gordon’s Twin Brook Arm Hires Managing Director
Twin Brook Capital Partners, the Chicago-based middle-market direct lending subsidiary of Angelo Gordon, has brought in Tim Healy as managing… Read more
JPMorgan Gives $10M Boost to Retail on South, West Sides
JPMorgan Chase is committing $10 million in long-term, low-cost capital to support the sustainable development and preservation of small business… Read more
Ware Malcomb Makes Move to Larger Space in Oak Brook
Design firm Ware Malcomb has moved into a larger space at 1315 22nd St. in Oak Brook for its main… Read more
Megalytics Launches Tenant Monitoring Portal
CRE business intelligence platform Megalytics has launched MONITUM, a customizable tenant monitoring portal. It automatically and continuously scans, classifies and… Read more
Green Courte Taps Veteran Pusateri for Senior Living Platform
Private equity firm Green Courte Partners has hired Jim Pusateri as the first CEO of True Connection Communities, its new… Read more
Region’s Mayors Want Gas Tax Hike for Roads, Transit
Northeastern Illinois’ Metropolitan Mayors Caucus, including Chicago’s Rahm Emanuel, is calling for a gas tax increase to help fund a… Read more
CEDARst Lands $116M Financing for Uptown MXU
CEDARst Companies has secured nearly $116 million in financing, including $41 million of equity, for The Draper at 5050 N.… Read more
Associated Bank Provides Construction Loan for Lakeview Retail
Associated Bank has closed on a $4.1-million construction loan to GW Clybourn LLC for a new 3,000-square-foot building that will… Read more
Essex Realty’s Mond Brokers South Shore Sale
Essex Realty Group’s Brian Mond has brokered a deal for 7700 S. South Shore Dr., a 27-unit multifamily property in… Read more
BMO Will Anchor New West Loop Tower
BMO Financial Group will anchor a 700-foot office tower to be developed by Riverside Investment & Development and Convexity Properties… Read more
Neely Joins J.P. Morgan Asset Management as Central U.S., Canada Institutional Head
J.P. Morgan Asset Management appointed Stephanie D. Neely as Managing Director and Head of Central US and Canada Region for North… Read more
Chicago Lags U.S. Average in Home Equity Gains
Chicago-area homeowners’ average home equity gain has lagged behind the national average this year, CoreLogic reported. Homeowners in the metro… Read more