Illinois
ULI Chicago Releases Updated State Street Report
The Urban Land Institute Chicago (ULI Chicago) has released its final “Elevate State” report with recommendations to reenergize and enhance… Read more
Group Pushes Back on New Bears Stadium South of Soldier Field
Amid reports that the Chicago Bears were eyeing a lot south of Soldier Field as the site for a new… Read more
Northpond to Invest $200M to Acquire Retail Centers
Northpond Partners, a Chicago-based real estate investor and operator, has partnered with a southeast U.S. pension fund, forming Northpond Retail… Read more
Newmark’s Midwest Capital Markets Secures $45M in Office Sales
Newmark’s Midwest Capital Markets team has completed $45.15 million in office sales within a 17-day period in November. The closings… Read more
Newer Chicago Office Buildings Lead CBD Leasing Activity
While Chicago’s downtown office market is still facing challenges, newer buildings are showing that flight to quality remains an ongoing… Read more
Sam’s Club to Open Distribution Centers in St. Louis, Minneapolis
Sam’s Club, a division of Walmart, has announced plans to open two new distribution centers in early 2024 near St.… Read more
Urban Retail is Back, Baby
A little more than three years ago, urban retail was all but dead. The lockdown resulting from the COVID-19 pandemic… Read more
Not So Bleak: Finding Opportunities in Office
This is the final in a series of articles that examine the truth behind the negative headlines about the office… Read more
Return to Lender: Week of Dec. 7, 2023
Coretrust Capital Partners’ Pasarroyo office building, located in Pasadena, CA, is set for a foreclosure auction on Dec. 20, according… Read more
Sperry Equities Buys Aurora Shopping Center
JLL has closed the sale of Aurora Commons, a 125,826-square-foot, open-air retail center located within the Chicago MSA in Aurora,… Read more
NICAR Receives Three Awards from NAR
The Northern Illinois Commercial Association of REALTORS (NICAR) was recently awarded three awards by the National Association of REALTORS (NAR) to recognize… Read more
Standard Communities Acquires 214-Unit Senior Living in IL
Standard Communities, a national affordable housing developer and investor, has led a public-private partnership acquiring Huntington Towers, a 100 percent… Read more
Nashville-Area Apartments Trade for $335K/Unit
Weinstein Properties paid $114.57 million for the Bexley Stockyards apartments in Germantown, outside Nashville. The sale was accompanied by a… Read more
Manulife, StepStone Recapitalize $1.2B Scannell Industrial Portfolio
Manulife Investment Management has formed a $1.2-billion partnership with Scannell Properties and StepStone Real Estate, facilitating the recapitalization of 35 newly constructed… Read more
Coldwell Banker Sells Long-Stalled Lincoln Square Residential Development
Coldwell Banker Commercial Realty has completed the sale of an under-construction residential development in the Lincoln Square neighborhood of Chicago.… Read more
Passco Surpasses $250M AUM in the Midwest with St. Louis Acquisition
Passco Companies, a California-based real estate company specializing in acquisition, development, and property management, has acquired Cortona at Forest Park,… Read more
Chicago-Based Dental Group Opens Ninth Dental Studio in Lincoln Park
Dentologie, a Chicago-based dental group, has opened its ninth dental studio at 1009 W. Armitage Avenue in the Lincoln Park neighborhood.… Read more
Salesforce Tower Chicago Makes Its Debut, Company Commits $1.25M in Grants
Salesforce Inc. celebrated the grand opening today for its new downtown Chicago office building — Salesforce Tower Chicago — a… Read more