Chicago
Global CRE Price Declines Decelerate in Q3
Global commercial real estate pricing posted an eighth consecutive quarter of annual declines in the third quarter in 2024, MSCI… Read more
Lincoln Park Apartments Sell for $55M
Jonathan Rose Cos. recently acquired a Chicago apartment building for $55 million. The New York City-based firm bought the 186-unit… Read more
IWG Adds More Coworking Spaces Across Illinois
International Workplace Group, is adding nine state-of-the-art flexible workspaces in Illinois, bringing the company’s statewide footprint to a total of… Read more
Monos to Open Chicago Store in Fulton Market
Travel and sustainability-first lifestyle brand Monos has signed a 10-year lease agreement for a retail location on the ground floor… Read more
Skender Completes Work on Chicago Food Depository Expansion
Skender has completed construction on a 38,000-square-foot facility expansion for the Greater Chicago Food Depository. The new prepared meals center,… Read more
Alterra IOS Acquires Seven Building Portfolio
Alterra IOS has acquired seven IOS sites totaling 23 usable acres. The sites are fully leased to a national leader… Read more
Rivian Opens Showroom at Westfield Old Orchard Mall
Rivian has opened its second Chicago-area store at Old Orchard Mall in Skokie. The 3,500-square-foot store is located at the… Read more
Real Realty Brokers Sale of Montgomery Townhomes
Real Realty, a Chicago-based multifamily brokerage and property management firm, announced the closing of the Kevin Drive Townhomes, a 16-unit… Read more
Essex Closes Avondale Mixed-Use Property Deal
Chicago-based multifamily brokerage firm Essex Realty Group, Inc., and Essex Capital Markets announced the closing of 2934 North Milwaukee Avenue,… Read more
CBRE Secures Refi on Redwood City Offices
CBRE Capital Markets’ Debt & Structured Finance group secured a $37.75-million loan to refinance 101 Redwood Shores, a Class A office building… Read more
Harrison Street Sells Nearly $900M Student Housing Portfolio
Harrison Street has announced the $893 million sale of 14 student housing assets to affiliates of The Scion Group and… Read more
Chicago/Midwest People & Company News, week of November 8, 2024
JLL has named Kevin MacKenzie as President, Americas Capital Markets, JLL – effective January 1, 2025. MacKenzie will succeed Jody… Read more
Hayfin Expands Footprint with New Chicago Office
Hayfin Capital Management, an alternative asset management firm, announced it has opened an office in Chicago. Along with its New… Read more
The Making of “Future-Ready” Cities
It’s not news that most global cities are working toward sustainability and resilience. There are good reasons for this, including… Read more
Google Unveils New Renderings of Thompson Center Revamp
Google has unveiled new renderings of the lower level of the Thompson Center, which is undergoing a $280 million renovation project. Google… Read more
Chicago Mayor Calls for $300M Property Tax Hike to Close Budget Gap
Chicago Mayor Brandon Johnson is calling for a $300 million property tax hike to avoid drastic cuts to city services… Read more
Trammell Crow Breaks Ground on Chicagoland Warehouse
Trammell Crow Company (TCC) has broken ground on a 788,000-square-foot speculative cross-dock warehouse in Plainfield, Illinois, approximately 40 miles southwest… Read more
Weiss Realty Taps JLL to Lease Former Caterpillar Warehouse
Moonachie, NJ-based Weiss Realty appointed JLL’s Industrial Group in Chicago, led by SVP Conor Mullady, to oversee the leasing of… Read more
AbbVie Foundation’s $75M to Support Construction of UChicago Cancer Care Pavilion
A $75-million donation by the AbbVie Foundation to the University of Chicago will help support the construction of UChicago Medicine’s new… Read more