Chicago
Blackstone Selling Oak Brook Office to Zeller for $125M
Blackstone Group has reached a deal to sell the three-building Commerce Plaza in Oak Brook, IL to Zeller Realty Group.… Read more
Canadian Buyer Nabs Chicago-Area MF for $68M
John Hancock Real Estate, a unit of Manulife Financial in Toronto, paid $68 million for the 204-unit Oak Park Place… Read more
Greystone’s $106M Finances Texas MF Portfolio Buy
Greystone has provided $106.9 million in Fannie Mae Delegated Underwriting and Servicing (DUS) loans for the acquisition of six Texas… Read more
U.S. Steel Puts 430-Acre Chicago Site on Market
U.S. Steel put its South Works steel mill site on the market. Cushman & Wakefield has been retained to market… Read more
General Growth Sells $1.2B Stake in Las Vegas Mall
General Growth Properties Inc. has sold a 50% stake in the Las Vegas high-end shopping mall, Fashion Show. The Chicago-based… Read more
Bridgford Foods to Develop MF, Office on Chicago’s West Loop Site
Bridgford Foods is planning to build apartments and office space on its West Loop site, a Chicago location where it… Read more
Is Free Rent Signaling a Multifamily Market Peak?
In a sign that the San Francisco market has peaked, offers of free rent are cropping up in landlords’ efforts… Read more
LaSalle Pays Record-Breaking $47M for Scottsdale Retail
LaSalle Investment Management, headquartered in Chicago, paid $47 million to RHVT LP for ownership rights of Silverstone Marketplace in Scottsdale, AZ.… Read more
285-Room Public Chicago Hotel Sells for $60M
Ian Schrager sold the 285-key Public Chicago Hotel for $60 million to Hong Kong-headquartered Gaw Capital Partners. The buyer acquired… Read more
Inland Ports Growing in Strength, According to CBRE
Inland ports have become important in supply chains, noted CBRE’s “Inland Ports Logistics 2016 North America Annual Report.” As online… Read more
Alabama Buyer Nabs TX MOBs for $111M
Sanders Trust LLC, headquartered in Birmingham, AL, acquired three Texas medical facilities for $111.5 million. Medical Properties Trust, also based… Read more
Lennar Sells IL-Based Tapestry Apartments for $73M
Lennar Multifamily Communities sold a 298-unit apartment property, Tapestry, to Stockbridge Capital Group, a San Francisco investment firm. Seller Lennar… Read more
University of Chicago Unloads Student Housing
The University of Chicago continues selling off its residence halls. The institution just sold three residence halls, totaling 391 units,… Read more
O’Hare Airport Set for Significant Terminal Expansion
Major air carriers have reached an agreement with the administration of Mayor Rahm Emanuel to significantly expand Chicago’s O’Hare International… Read more
Hyatt Pays $88M for Phoenix’s Royal Palms Resort & Spa
Hyatt Hotels Corp. struck a deal with Lowe Enterprises for the 119-key Royal Palms Resort & Spa in Phoenix. The… Read more
AT&T’s 1.6M-SF Chicago-Area Campus in Distress
Debt totaling approximately $56.7 million on the AT&T 1.6-million-square-foot corporate campus in Hoffman Estates, IL, has been placed with special… Read more
Uber Deux? Lane Partners Redeveloping Another Creative Office
Menlo Park-based Lane Partners and Chicago-based Walton Street Capital acquired another office property in Oakland at 2150 Webster St. The… Read more
Once-Distressed Evanston Office On Sales Block
Owners of the eight-story office building at 1007 Church St. in Evanston, IL have hired the Chicago office of HFF… Read more
American Realty Advisors Nabs Google’s Chicago HQ
American Realty Advisors acquired the 1K Fulton, a Class A office building in Chicago’s River West Fulton Marketplace submarket. The… Read more