Chicago
JLL Facilitates $114M Loan for Fulton Market Apartments
JLL has secured a $113.75 million agency loan for K2 Apartments, a 496-unit, Class-A, high-rise apartment complex in Chicago, Illinois. JLL… Read more
Northwind Group Provides $62M for Office Building in Chicago’s East Loop
Northwind Group has provided a $62.5 million first mortgage, senior secured acquisition and lease-up loan collateralized by 303 East Wacker… Read more
DRA Advisors, Venture One JV Buys Industrial Building in Joliet
A panrtnership of Venture One Real Estate and DRA Advisors recently aqcuired a 624,654-square-foot industrial building at 2700 Ellis Drive… Read more
Chicago/Midwest People & Company News, week of January 2, 2025
Intersect Illinois has announced new appointments to its board of directors: Lisa C. Freeman, Northern Illinois University president; John M.… Read more
Bally’s Chicago Offers Equity Stake Investment Opportunity
Bally’s Chicago, Inc. announced the offering of a 25% equity stake in its Chicago casino and resort project. The funds… Read more
Marcus & Millichap Arranges Sale of Chicago Self-Storage Properties
Marcus & Millichap has completed the sale of a two-property self-storage portfolio in Chicago, Illinois. The portfolio includes two Honore… Read more
Inland Cofounder G. Joseph Cosenza Passes Away, Age 81
The Inland Real Estate Group of Companies, Inc. announced Thursday the passing of Cofounder G. Joseph Cosenza. Cosenza passed away… Read more
Urban Innovations Negotiates 100K SF in River North Office
Urban Innovations has signed more than 30 new leases, renewals, and expansions within the past six months, totaling more than… Read more
Chicago/Midwest People & Company News, week of December 19, 2024
Architecture and urban design firm Studio Gang announced that Joan Verbon has been appointed as Principal and Chief Financial and… Read more
New National Industrial Platform Outrigger Industrial Launched
Four industrial real estate executives, in partnership with investment firms Davidson Kempner Capital Management and Monarch Alternative Capital, announced the… Read more
Johnson’s $17B Budget Approved Without Property Tax Hike
The Chicago City Council narrowly approved Mayor Brandon Johnson’s $17.3 billion budget proposal on Monday, after weeks of debate over the proposed… Read more
Dallas Leads State in Rental Competitiveness
RentCafe.com has released a rental competitiveness report. Dallas leads Texas’ large rental markets in 2024 with a rental competitiveness score of 72.3 out of… Read more
Colliers Arranges 99K-SF Lease to Chicago Department of Aviation
Colliers‘ Jonathon Connor, Francis Prock and Jason Simon recently represented FCA Partners, owners of U.S. Cellular Plaza, in its 99,421-square-foot… Read more
Clear Height, Blackbird Investment Acquire ISF Property in Suburban Chicago
A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties and Chicago-based Blackbird Investment Group has acquired… Read more
Advocate to Invest $1B, Build New Hospital on Chicago’s South Side
Advocate Health Care announced plans to invest $1 billion over the next 10 years in a new hospital, 10 outpatient… Read more
Marcus & Millichap Arranges Sale of Retail Strip in Aurora
Marcus & Millichap has completed the sale of 5 N. Root St., a six-suite retail strip property located in Aurora,… Read more
RMK Management to Manage Three Chicago Rental Properties
RMK Management Corp. has been named property manager for three multifamily rental properties in Chicago’s northern suburbs. The properties are… Read more
IBM to Join Quantum Computing Campus in Chicago
IBM and Illinois Governor JB Pritzker have announced a collaboration to establish the new National Quantum Algorithm Center in the… Read more
Report: Commercial Properties Underassessed in Cook County
The Cook County Property Tax (PTAX) Reform Group, in collaboration with Josh Myers Valuation Solutions, has released a comprehensive study… Read more