Chicago
Berkadia Supplies Financing on CEDARst Apartments
Berkadia has arranged $49 million in financing for The Duncan, a redevelopment of the former Salvation Army Freedom Center at… Read more
Eisenberg Foundation Holds Record Fundraiser for Cancer Research
The Harold E. Eisenberg Foundation’s 20th Annual Dinner earlier this month raised a record-breaking $560,000 to benefit the foundation’s two-pronged… Read more
$12 Billion Capital Surplus for U.S. Commercial Real Estate
More capital crossed U.S. borders in both directions during H1 2018, with foreign inflow up by 29% from H1 2017… Read more
Music School Tunes Up for Lincoln Park Sale
The Old Town School of Folk Music is selling the Lincoln Park building it has occupied since 1968, Crain’s Chicago… Read more
Dayton Street Signs VIATechnik in Fulton District
Dayton Street Partners has arranged a 6,350-square-foot lease at 1500 W. Carroll Ave. for VIATechnik. VIATechnik will take the entire… Read more
U-Haul Adapting Former Grocery into Self-Storage
U-Haul plans to open its first company-owned and-operated retail and self-storage facility in 2019. The company plans to carve out… Read more
Chicago-Based Firms Launch Opportunity Zone Fund
Cresset Capital Management has partnered with Diversified Real Estate Capital to launch a new fund that will invest and create… Read more
Green Courte Grows Land-Lease Portfolio with MI Deal
Green Courte Partners has acquired a portfolio of eight land-lease communities in Michigan containing 2,906 sites. Financial terms weren’t disclosed.… Read more
What’s Driving Down Self Storage Rents?
New self storage deliveries pushed U.S. rent rates down in September 2018, according to research by Santa Barbara, CA-based Yardi… Read more
Revamped Schools HQ Close to a Sale
A venture of Commerz Real is in advanced discussions to acquire 125 S. Clark St., the revamped Loop office property… Read more
Entre Brokers McHenry Office Sale
Entre Commercial Realty has brokered the sale of a 65,000-square-foot office/flex building located at 1391 Corporate Drive in McHenry, IL… Read more
City Aims to Boost TOD on High-Capacity Bus Lines
As part of Mayor Rahm Emanuel’s 2019 proposed budget, the city will allocate $5 million to support his plan to… Read more
Development Success Means “Timing, Basis, Execution”
By Paul Bubny Two developers with decades of experience and different positions in the marketplace. One is a boutique shop… Read more
UI’s Lindsay Named Asset Management Head at North Wells
North Wells Capital, the investment management affiliate of Urban Innovations Ltd. (UI), has named Tony Lindsay principal of asset management.… Read more
Indy’s Convention Center Will See Expansion, 2 New Hotels
Indianapolis’ Capital Improvement Board has voted to recommend construction of a $120-million addition to the Indiana Convention Center, and to… Read more
Google Opens Pop-Up Shop in Bucktown
Google has opened a new pop-up “hardware store” at 1704 N. Damen Ave. in the North Side’s Bucktown neighborhood. The… Read more
Principle Completes Full-Building Renovation
Principle Construction Corp. has completed a 162,014-square-foot tenant improvement project for Rex Carton at 7400 Richards Rd. in Bridgeview, IL.… Read more
Metro Planning Council: Keep Investing in Transit
There’s a strong link between transit investment and job creation, according to a new study from the Metropolitan Planning Council.… Read more
3 Mega-Projects Advance in Approvals Process
In an unusually busy session for mega-projects, the Chicago Plan Commission signed off late last week on Lendlease and Magellan… Read more