Illinois
Partner Issues Report on Senior Housing Growth, Trends
Partner Valuation Advisors, a Chicago-based affiliate company of Partner Engineering and Science, Inc., has released its 2023 National Seniors Housing… Read more
Google’s $6M Makeover of Thompson Center Approved
The city of Chicago has approved permits submitted by Google to demolish and transform the exterior and atrium of the… Read more
146-Room Renton Residence Inn Bought for $55M
MCR, the country’s third-largest hotel owner and operator, has completed the sale of the 146-room Residence Inn by Marriott Seattle… Read more
It’s Time to Nominate Standout Commercial Real Estate Attorneys
End-of-day on Friday, Oct. 27 is the deadline for submitting nominations for Connect CRE’s fourth annual Lawyers in Real Estate Awards. We believe there are… Read more
Rivian Locks in Start Date for $5B Atlanta Factory
Rivian Automotive has confirmed that it will move ahead with construction on a factory in Georgia early next year. It plans… Read more
CRE Experts Say “Not So Fast” to Doom-and-Gloom Office Headlines
This is the first in a series of stories about the office sector that go beyond the negative headlines. Future… Read more
Chicago, Midwest | People & Company News for Oct. 20, 2023
Chicago & Midwest CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that… Read more
50K SF Buildout Completed for AIT Worldwide Logistics Office
Skender recently completed construction on an expansive demolition and three-floor buildout for AIT Worldwide Logistics at Two Pierce Place located… Read more
NexPoint Launches DST Offering for Temecula Semiconductor Plant
Dallas-based NexPoint, an alternative investment firm with $14.4 billion in assets under management, has launched NexPoint Semiconductor Manufacturing DST, a Delaware Statutory Trust… Read more
7-Eleven Retail Space in DT Chicago JW Marriott Sells for $3.5M
Marcus & Millichap closed the sale of a 2,700-square-foot net-leased property located in Chicago. The asset, a 7-Eleven retail space… Read more
Herndon Capital Makes First San Diego Acquisition
Walker & Dunlop has completed another multifamily sale in the San Diego area, closing an $18.25-million deal for Pacific Cove, an 81-unit apartment community. For buyer… Read more
Voodoo Doughnut to Open First Chicago Location in Fulton Market
Chicago’s impressive food scene is about to welcome two more concepts to the fold. The Feil Organization, a national real… Read more
TA Realty Closes $1.8B Value-Add Fund
TA Realty LLC, a provider of real estate investment management services, has closed its TA Realty Value-Add Fund XIII with… Read more
Fulton St. Cos. Pivots from West Loop Condos to Bathhouse Concept
Fulton Street Companies (FSC) has signed Bathhouse, a New York City spa company, to a long-term, build-to-suit lease for a… Read more
Friedman Real Estate Sells Multi-Tenant Illinois Retail Property
Friedman Real Estate, a Michigan-based full-service commercial real estate company, completed the sale of Peru Place, a 101,771-square-foot retail property… Read more
MBA Forecasts 46% Drop in CRE Mortgage Volume for 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $442 billion this year, a 46% decline… Read more
CRE Distress Reaches Highest Level Since 2013
The value of distressed U.S. commercial real estate reached its highest level in a decade during the third quarter, Bloomberg… Read more
Return to Lender: Week of Oct. 19, 2023
Hear from the leaders in loan advisory and special servicing during a panel on distressed assets at Connect Investment & Finance… Read more
Lakeview Apartment Building Sells for $17.5M
Interra Realty brokered the $17.5 million sale of a 60-unit multifamily building in Chicago’s Lakeview East neighborhood. The transaction equated… Read more