Illinois
Peak Properties Now Managing 31-Unit MF in Old Irving Park
Peak Properties has been awarded management for 31 luxury rental units at 3941 N Keeler Avenue in Chicago’s Old Irving… Read more
Walgreens to Close Two Distribution Centers
As it continues to cut costs and shuffle its leadership, Walgreens Boots Alliance will close two distribution centers in Florida… Read more
Chicago Sees Surge in DT Activity for St. Patrick’s Day Celebrations
Downtown Chicago saw a boost in traffic as the city hosted its annual St. Patrick’s Day celebration with the traditional… Read more
Behind the Deal: Inland’s Majority Stake in Devon Self-Storage
Since 2016, The Inland Real Estate Group of Companies, Inc., (“Inland”) has been an active player in the self-storage sector,… Read more
South Loop Apartment Tower Sells for $144M
San Francisco-based FPA Multifamily bought the 47-story Paragon apartment tower in the South Loop for $144 million earlier this month,… Read more
Pritzker Announces $900M Plan to Rebuild Two Prisons
The state of Illinois plans to spend between $805 million and $935 million over the next three to five years… Read more
JLL Reps Law Firm in Relocation to New OH Office Space
JLL recently represented law firm Weltman, Weinberg & Reis Co., in signing a a new 17,875-square-foot lease at Atrium II,… Read more
Interra Brokers $11M Sale of Apartments in East Garfield Park
Interra Realty brokered the $11 million sale of Madison Terrace, a 96-unit apartment building at 3121-51 W. Madison Street in… Read more
Illinois Launches Campaign to Attract Canadian Businesses
Intersect Illinois is expanding its “Be in Illinois” campaign to reach Canadian markets, as part of the organization’s efforts to… Read more
MF Property on Chicago’s North Side Listed for Sale
Essex Realty Group, Inc., a Chicago-based multifamily brokerage firm, has been exclusively engaged to market for sale 4356-58 N. Kenmore… Read more
Obama Foundation Breaks Ground on Programs and Athletic Center
Construction continues on the $830 million Obama Presidential Center, and the Obama Foundation recently provided updates on the ongoing project.… Read more
ShainRealty Capital Divests Chicago Apartments for $11M
ShainRealty Capital, a Los Angeles privately-owned real estate investment firm, has sold a 96-unit Chicago apartment building, known as Madison… Read more
ULI Recommends Strategies to Decarbonize Chicago Buildings
The Urban Land Institute Chicago (ULI) has released a new report that calls on the city to take bold measures… Read more
Lee & Associates of IL Negotiates 210K SF Melrose Park Lease
Lee & Associates, one of the largest national commercial real estate providers in North America, has negotiated a new lease… Read more
Chicago, Midwest | Weekly People & Companies for March 15, 2024
Kiser Group has announced the newest member of its team, Yun Park. With over 30 years of extensive experience in… Read more
Industrial Outlook “Optimistic for ‘24 and ‘25” (VIDEO)
“We’ve been through so much in the industrial market in the past few years; I think we’re at a really… Read more
Ziegler Advises IL Nonprofit in Sale of Chicago Nursing Facility
Ziegler, a specialty investment bank based in Chicago, was the exclusive financial advisor in the sale of a skilled nursing… Read more
Construction on Next Phase of Kennedy Expressway Resumes
The second phase of the Kennedy Expressway rehabilitation project began Monday, earlier than expected amid warmer weather and mild conditions.… Read more
Willow Bridge Launches Pre-Leasing at New MF in Uptown
A new 303-unit multifamily development in Uptown Chicago, Solverre, is now preleasing and scheduled to open its doors this spring.… Read more