Chicago
Some Office Buildings Are Thriving, According to Placer.ai
While much of the office sector news continues to focus on high vacancies and less usage, a recent Placer.ai report… Read more
KBRA: Nearly a Third of Office CMBS is Distressed
The volume of distressed office in conduit and single-asset, single-borrower CMBS increased to a combined $52.2 billion in March, nearly… Read more
National Title Insurance Agency Expands to Chicago
Title insurance agency Kensington Vanguard National Land Services (KV) has opened a Chicago office, with Pam Sullivan joining as EVP… Read more
Two Chicago Sites on Landmarks Illinois’ 2024 Most Endangered Places List
Landmarks Illinois announced its 2024 Most Endangered Historic Places in Illinois, which calls attention to 10 culturally and architecturally significant sites… Read more
Pilsen Multifamily Trades After 40-Year Hold
First Western Properties arranged the sale of a 13-unit multifamily property at 1328 W. 18th Pl. in the West Side’s… Read more
Machesney Park Walgreens Changes Hands in 1031 Deal
Marcus & Millichap closed the sale of a 14,490-square-foot net-leased Walgreens property located in Machesney Park, IL. The sale price was $4.2 million.… Read more
Columbus’ Easton Town Center Unveils Re-Tenanted Fashion District
Steiner + Associates unveiled the re-tenanting of the Fashion District at Easton Town Center with new and expanded national retailers,… Read more
Chicago Ranks as a Top 10 U.S. Life Sciences Market
Although Chicago’s overall life-sciences market still lags some of the big players in the country such as San Francisco and… Read more
Equity Residential Buys Weymouth MF Property for $63M
Equity Residential has acquired the 160-unit Helix Apartments in Weymouth, Massachusetts., a redevelopment of the former Boston Motel site, from… Read more
Apartment Rent Growth Expected to Accelerate in 2024’s Second Half
U.S. multifamily rent growth is expected to accelerate in the second half of 2024 as new construction completions decelerate and… Read more
FHLBank Chicago Doubles Per-Project Subsidies on Affordable Housing
Applications for the Federal Home Loan Bank of Chicago’s (FHLBank Chicago) 2024 Affordable Housing Program (AHP) General Fund are now… Read more
Farpoint, MCZ Land $17M Acquisition Loan on Lincoln Park MXU
BWE secured a $17,000,000 loan to finance the acquisition of 939 North Ave., a Class-A, mixed-use property in Chicago’s Lincoln… Read more
Devon Self Storage Awarded Management of Six Facilities
Devon Self Storage, a member of The Inland Real Estate Group of Companies, Inc., has been awarded the property management contract… Read more
Trucking Facility in Far North Suburb Sells to Freight Carrier
Entre Commercial Realty arranged the sale of a truck maintenance and trailer parking facility at 14400 Washington St. in Woodstock,… Read more
Sanford Health MOBs Trade in Bemidji
Marcus & Millichap recently closed the sale of Sanford Health Clinic Portfolio, two neighboring medical buildings consisting of 74,700-square-feet, located… Read more
WeWork Files to Assume 16 Leases Across US, Canada
WeWork is planning to save more locations as it emerges from its Chapter 11 proceedings. With a recent injection of $450 million,… Read more
Newmark Scores Master Broker Assignment with Pinstripes
Northbrook, IL-based Pinstripes Holdings, Inc., a dining and entertainment brand combining bistro, bowling, bocce and private event space, has signed… Read more
Google Breaks Ground on Thompson Center Redevelopment
Construction got underway Monday at the James R. Thompson Center, which is being redeveloped for Google at 100 W. Randolph… Read more