Chicago
Newmark Arranges Acquisition of 49K-SF Chicago Office Building
Newmark has arranged the acquisition of 405 West Superior Street, a 49,534-square-foot office building in Chicago, Illinois. The asset was acquired… Read more
Lexington Homes Starts Sales, Construction of Geneva Townhomes
Chicago-based Lexington Homes has started site work on Geneva Crossing, a new 40-townhome community in Geneva, Illinois. Located at 2763… Read more
Inland Acquires 306-Unit Multifamily in Chicago Suburb
Inland Real Estate Acquisition has closed the purchase of Wheaton 121, a 306-unit multifamily property in Wheaton, Illinois, approximately 25… Read more
Rhaeos Signs Lease at TCC’s Chicago Fulton Labs
Trammell Crow Company has signed a new lease at its Fulton Labs life science campus for Rhaeos. The clinical-stage medical… Read more
Marcus & Millichap Brokers Sale of Chicago MOB
Marcus & Millichap has closed the sale of 2335 S. Michigan Ave., a medical office property fully leased to Shifrin… Read more
Chicago Office Market Sees Leasing Uptick, Investment Opportunities
Despite high vacancy rates, both the downtown and suburban Chicago office markets showed signs of positive momentum at the end… Read more
KHP Reveals Timetable for Charlotte Office-to-Hotel Conversion
KHP Capital Partners is planning to convert the historic Johnston Building into a 245-room hotel with a fine-dining restaurant and… Read more
RMK Named Property Manager of Ravenswood Multifamily
RMK Management Corp. has been named property manager for The Raven Residences, a transit-oriented rental community at 4733 N. Wolcott… Read more
Heitman Surpasses $600M Fundraising Goal with Latest Debt Vehicle
Chicago-based Heitman LLC on Monday announced the close of its Heitman Real Estate Debt Partners III fund at $806 million… Read more
Skender Completes Construction on East Garfield Park Housing Complex
Skender has completed construction on Fifth City Commons, a 43-unit, 60,000-square-foot affordable housing complex located at 3155 West 5th Avenue… Read more
Becovic Partners with POAH on North Side Affordable Housing
Becovic Management Group will partner with Preservation of Affordable Housing, Inc. (POAH) to support the $27 million renovation of the… Read more
Chicago/Midwest People & Company News, week of January 31, 2025
Ryan Companies US, Inc. announced several recent leadership changes as the company continues to strengthen its presence in key markets.… Read more
JLL Arranges $42M for Jewel-Osco Anchored Retail Center in Wheaton
JLL has secured a $41.65 million financing of Danada Square West, a 314,819-square-foot grocery-anchored shopping center in Wheaton, Illinois. JLL… Read more
Investment Firm Neuberger Berman Leases 52K SF in the West Loop
Private investment firm Neuberger Berman has inked a deal for a 52,000-square-foot lease at 191 North Wacker in Chicago’s West… Read more
Waterton Closes $16M for Suburban Chicago MF Development
Waterton has closed a $16 million preferred equity investment for the development of the Residences at Eastbank, a five-story, 258-unit,… Read more
NYC Leads U.S. in Ongoing Office Demand Recovery
New York City has emerged as the leader in the ongoing office demand recovery, surpassing its pre-pandemic benchmark in the… Read more
Pearlmark Fund Acquires Bergen County Multifamily
Pearlmark and Invel Capital closed on the acquisition of Waldwick Station, a 2017-vintage, 110-unit, transit-oriented multifamily property located in the… Read more
Glenstar Announces 284K SF of Office Leases in Schaumburg
Chicago-based Glenstar announced it executed 196,000 square feet of new leases for 12 tenants and 88,000 square feet of renewals… Read more