Chicago
Greystone Delivers $77M Refi for Chicago-Area MF
New York-based Greystone provided a $77-million Fannie Mae DUS loan to refinance Park West Apartments in Griffith, IN, a suburb… Read more
Canadian Trio Forms Investment JV for $1B US Industrial Play
WPT Industrial Real Estate Investment Trust, Canada Pension Plan Investment Board (CPPIB) and Alberta Investment Management Corporation (AIMCo) formed a… Read more
Chicago’s “Fiscal Health” is Worrisome, Says Green Street
The “fiscal health” of Chicago’s municipal government and Illinois’ state government should give CRE investors pause, warns Green Street Advisors… Read more
JLL Partners with Rush Medical Center on Facility Management
Rush University Medical Center (RUMC) on the city’s West Side has partnered with JLL for integrated facility management services, including… Read more
Podolsky Circle Grows Team, Adding Michael Lupo
Podolsky Circle CORFAC International’s team has added Michael Lupo, who has joined the firm as an associate broker. Bringing five… Read more
Downtown Projects Fund Grants to 33 South and West Side Businesses
The city’s third round of investments from the Neighborhood Opportunity Fund went directly into 33 small businesses on Chicago’s South,… Read more
Kohler to Bring Day Spa to Hines/McCaffery MXU
Kohler Co. today announced plans to expand its Kohler Waters Spa offering with a second Chicago-area location at Hines and… Read more
RED Capital Does $245M in Q2 Deals
RED Capital Group, based in Columbus, OH, closed $245.27 million in transactions during the second quarter of 2018. The firm’s… Read more
Chicago’s Office Users Want Flexible Spaces and Hours
What do Chicago’s office-using employees want? Eighty-eight percent of them want a flexible work environment, according to Capital One’s 2018… Read more
Fifield’s Gold Coast Rental Tower Now 95% Leased
Fifield Realty Corp.’s Gold Coast apartment project, The Sinclair, has leased up at a record clip since its opening in… Read more
B2B Veteran Barry Cohen Joins Connect Media Team
Connect Media has brought in B2B veteran Barry Cohen as director of business development for the Chicago and Texas markets,… Read more
NNN Walgreens Trades in 1031 Exchange
Essex Realty Group has brokered the sale of 1180 Farnsworth Ave. in Aurora, IL, triple net leased to Walgreens. The… Read more
Clybourn Corridor Could See Tallest Residential Tower
CRM Properties Group has filed a zoning application for a 40-story, 500-unit tower at 1520-76 N. Fremont St. in Lincoln… Read more
Elkay Relocates Business Teams to Downers Grove
Elkay Manufacturing has signed a new lease for 47,073 square feet at 1333 Butterfield Rd. in Downers Grove, IL. The… Read more
Industrial Spec Starts Reach All-Time High
Amid another record-breaking quarter for Chicago industrial leasing, speculative construction in the region for the year’s first half reached the… Read more
Off-Price Concepts Lead the Market in Performance
Last October, Moody’s Investors Service predicted that off-price retailers would remain the industry’s top performers over the next 12 to… Read more
Obama Center Groundbreaking Pushed Back to 2019
Further delays in the federal review process have pushed back the start of construction on the Obama Presidential Center in… Read more
Infill Industrial is “Where the Opportunities Are”
On the state of the market for industrial property acquisitions, moderator Mark Glagola of Transwestern and his three panelists at… Read more
New Fund Incentivizes Affordability in Target Areas
The City Council has approved a $30-million fund that will incentivize multifamily investors in targeted areas, to make at least 20%… Read more