Chicago
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
Peak Properties to Manage Andersonville/Uptown Apartments
Peak Properties has added Harmony Apartments to its management portfolio. Located in Chicago’s Andersonville / Uptown neighborhood at 4513 N Clark St.,… Read more
Greenstone Partners Names First-Ever COO
Chicago-based commercial real estate brokerage firm Greenstone Partners said Monday that Clarence Marsh was promoted to COO from director of transactions & operations.… Read more
PMB, UChicago Medicine Cut Ribbon on NW Indiana Facility
Healthcare developer PMB recently held the grand opening of the University of Chicago Medicine’s new 132,000-square-foot multispecialty care center in Northwest Indiana. The… Read more
Premier Wraps 2M-SF Phase II of Rickenbacker Logistics Park
PREMIER Design + Build Group has completed work on Phase II of the Rickenbacker Logistics Park project in Columbus. OH. The… Read more
Airlines Sign Off on Revised O’Hare Terminal Construction Timeline
The City of Chicago has reached an agreement with United Airlines and American Airlines to move forward with a revised… Read more
Bipartisan Congressional Caucus Targets Housing Supply, Affordability
Industry associations on Monday applauded the establishment of the new Bipartisan Congressional Real Estate Caucus, which will address the lack… Read more
‘Special Achievement of the Year’ Awarded to the Goldie Initiative
The Goldie Initiative, a nonprofit organization designed to prepare women for senior leadership roles in commercial real estate, was the… Read more
Essex Brokers Redevelopment Opportunity in Lincoln Square
Essex Realty Group Inc., a Chicago-based multifamily brokerage firm, has finalized the closing of an adaptive reuse opportunity in Chicago’s… Read more
Four-Building Lincoln Park Rental Portfolio Trades Hands
Interra Realty brokered the $3.4 million sale of 2642-50 N. Marshfield Ave., a four-building, 14-unit rental portfolio comprising two apartment… Read more
Newly Renovated Properties in West Garfield Park Sell
Kiser Group successfully closed a portfolio in West Garfield Park for a final price of $2.1 million, advised by Jack… Read more