Chicago
Rush U. Plans $473M Outpatient Center
Rush University Medical Center has submitted plans to construct an 11-story, 530,000-square-foot outpatient care center on Chicago’s Near West Side.… Read more
CMBS Refi for Lightstone Apts. in Detroit Area
Lightstone said Thursday that it had closed on refinancing for five multifamily rental properties in the Detroit area. The $80-million… Read more
New Home Sales Drop Y-O-Y in Chicago Region
Chicago-area new home sales increased in the second quarter, but not by enough to counteract a steep plunge in Q1,… Read more
SRS Arranges Sale of Triple-Net Leased Target
SRS Real Estate Partners’ National Net Lease Group has arranged the acquisition of a newly-constructed, single-tenant Target on behalf of… Read more
Addison & Clark Begins Pre-Leasing on Apartments
Pre-leasing has begun at The Residences at Addison & Clark, a 148-unit luxury rental development across from Wrigley Field in… Read more
Rauner, Pritzker Take Different Sides on Rent Control Issue
The outcome of the Illinois governor’s race has strong implications for apartment developers and owners in Chicago, and elsewhere in… Read more
Kendall’s Goose Island Campus to be Repurposed as Office Space
Savills Studley has been hired by Laureate Education to sublease Kendall College’s soon-to-be-vacated Goose Island campus as office space. National… Read more
Duke Inks 173k SF of Warehouse Deals
Industrial REIT Duke Realty Corporation recently signed two leases totaling more than 172,000 square feet in two of its Chicago-area… Read more
Pinterest to Join Loop’s Roster of Tech Tenants
Pinterest has confirmed that it’s planning a move to the West Loop. The San Francisco-based tech company, which provides virtual… Read more
Michels Will Anchor Its $100M MXU in Milwaukee’s Harbor District
Infrastructure construction contractor Michels is planning a $100-million mixed-use development in Milwaukee’s Harbor District, including an eight-story office building that… Read more
Skender Wants to Put “Modular” in Senior Housing Construction
Modular construction is starting to be accepted as an affordable multifamily development option. However, when it comes to senior housing… Read more
13-Acre Scottsdale Creative Campus Sold for $51M
Denver-based EverWest, in partnership with Chicago-based WHI Real Estate Partners L.P. and co-developer George Oliver Companies, sold The Quad in Scottsdale, AZ… Read more
Waterton Divests PDX Lloyd District MF for $66M
San Diego-based MG Properties Group acquired Axcess 15, a 202-unit, transit-oriented apartment property in the Lloyd District in Portland, OR.… Read more
Eldorado Completes Buy of Riverfront Casino in Elgin
Eldorado Resorts has completed its purchase of the Grand Victoria Casino in Elgin, IL from MGM Resorts International and a… Read more
Architecture Firm Goettsch Adds Luckino as Principal
Samuel M. Luckino (pictured) has joined architecture firm Goettsch Partners (GP) as a principal and senior project manager in the… Read more
CA Residential Holds Grand Opening at South Loop MXU
CA Residential LLC, the multifamily investment and development arm of Chicago-based CA Ventures, recently celebrated the grand opening of Eleven40,… Read more
Interstate Hotels Adds Two Loop Properties to Mgt. Portfolio
Management firm Interstate Hotels & Resorts has added a pair of historic properties to its portfolio, both developed by Chicago-based… Read more
Hilton Opens First Tri-Brand Hotel Across from McCormick Place
Hilton has upped the ante for multi-brand properties generally, and for competing downtown hotels in particular, opening its first-ever tri-branded… Read more
Hunt Furnishes Bridge Loan on TIC Buy in Omaha
Hunt Real Estate Capital has provided a $24.7-million first mortgage bridge loan to finance the acquisition and renovation of a… Read more