Chicago
Draper and Kramer Names COO Bancroft as New President, CEO
Draper and Kramer has named COO and general counsel Todd Bancroft (pictured) as its next president and CEO. He has… Read more
Obama Center Buzz Fuels South Side MF Sales
Marcus & Millichap has brokered sales of six multifamily properties totaling more than $7.6 million near the planned site of… Read more
Shuttered Kmart in Zion Will Become Self-Storage
Colliers International | Chicago’s Patrick Turner and Brendan Green represented JSM Venture Inc. in the $2.3-million acquisition of a vacant… Read more
“Elevated Pricing” May Bring More Multifamily to Market
By nearly all measures, the Chicago region’s multifamily fundamentals have shown healthy year-over-year gains, Marcus & Millichap reported. Vacancies declined… Read more
Mid-America Brokers Retail Sale in Suburban Detroit
Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of Waterside Marketplace in Chesterfield Township, MI. The sales… Read more
Panattoni Plans Spec Warehouse in I-88 Corridor
Colliers International | Chicago’s Brian Kling and Reed Adler represented Panattoni Development in acquiring a 53.45-acre site on Orchard Gateway… Read more
Trammell Crow Set to Break Ground in Fulton Market
Trammell Crow Company (TCC) and CBRE Global Investors will launch construction this month on a Class A, 300,000-square-foot office tower… Read more
Mesirow’s SLB Group Brings in New VP for Business Development
Zach Fox has joined Mesirow Financial’s Sale-Leaseback Capital group as VP. In this new position, which is based in Chicago,… Read more
Palatine Center Goes from Contract to Close in 10 Weeks
Marcus & Millichap has finalized the sale of a 50,400-square-foot retail property in Palatine, IL. The asset went from contract… Read more
Mission Capital Arranges Thorofare Loan on Mag Mile Parcel
Mission Capital Advisors’ debt and equity finance group has arranged $13 million of non-recourse, floating-rate financing on behalf of an… Read more
Emanuel: “You Can’t Win If You Don’t Compete”
Crystal City and Long Island City’s gain—a share of Amazon’s $5-billion investment in a second headquarters—is Chicago’s loss. Despite a… Read more
Belmont Village Opens Info Center Ahead of New Seniors Facility
Belmont Village Senior Living recently cut the ribbon on the company’s information center in Lincoln Park. The center is now… Read more
Matt Reilein Joins Cresset in Key Role with QOZ Fund
Impact investing veteran Matt Reilein is joining the recently launched Cresset-Diversified Qualified Opportunity Zone Fund and Cresset Partners to lead… Read more
Net Leased Jewel Osco Fetches $17M in Oak Lawn
The Boulder Group recently completed the sale of a single-tenant net leased Jewel Osco in Oak Lawn, IL for $16.6… Read more
Industrial Vacancies Tick Down to 17-Year Low
Net absorption in Chicago’s industrial market has been positive for 26 consecutive quarters through Sep. 30, and is poised to… Read more
Chicago’s Strengths Show No Signs of Ebbing, Despite Challenges
By Paul Bubny From a high-level perspective, the Chicago region has tremendous strengths that are likely to keep demand elevated… Read more
Mansueto Reportedly Buying Belden-Stratford Apts.
A few months after acquiring the Wrigley Building downtown, Morningstar founder Joe Mansueto has reportedly agreed to buy another vintage… Read more
West Town Walk-Up Changes Hands
Essex Realty Group has brokered the sale of 1455 W. Huron St., a five-unit walk-up apartment building located in the… Read more
Naperville’s Oldest Property Trades in M&M Transaction
Marcus & Millichap has arranged the sale of the Joseph Naper Building, the oldest building in Naperville, IL. The 7,050-square… Read more