Illinois
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
JV Signs Mainfreight to Build-to-Suit Industrial Lease
Chicago-based Timber Hill Group, in a joint venture with Champion Realty Advisors, has signed Mainfreight to a long-term, build-to-suit lease… Read more
Smart Warehousing Renews 200K SF Lease with Lee & Associates
Lee & Associates represented Smart Warehousing in a 190,440-square-foot industrial lease renewal at 909 Whitaker Road in Plainfield, Indiana. John… Read more
Chicago Executive Airport Getting 25-Acre Hangar Development
Sky Harbour Group has announced the development of a Home Base campus at Chicago Executive Airport (PWK). The medium-sized airport… Read more
City and Chicago State Unveil $250M Redevelopment Plan for 95th St.
At a recent “Re-envisioning 95th Street” event, Chicago State University and the City of Chicago unveiled plans the partnership has… Read more
Longpoint Closes $940M Institutional Fund
Boston’s Longpoint has closed its third institutional fund, Longpoint Fund III, L.P. (Fund III), with commitments of approximately $940 million,… Read more
Dayton Street Acquires Six-Building Bensenville Logistics Park
Dayton Street Partners (DSP), a logistics real estate investment and development firm headquartered in Chicago, has acquired a six-building logistics… Read more
Recently Opened Guinness Brewery in Fulton Market Up for Sale
The new West Loop Guinness Open Gate Brewery is for sale just weeks after opening its doors. Chicago real estate… Read more
BWE Secures $190M Refi for Ontario Warehouses
BWE, a national commercial and multifamily mortgage banking company, secured $190,000,000 to refinance a portfolio of three warehouse properties in… Read more
French Alternative Meat Company Selects Chicago for U.S. Headquarters
Umiami, a French food-tech company specializing in plant-based meat alternatives, has chosen Chicago for its U.S. headquarters. Umiami recently raised… Read more
EverWest Rebrands as Sagard Real Estate
EverWest Real Estate Investors has rebranded as Sagard Real Estate, following a strategic partnership with alternative asset management firm Sagard that… Read more
Marcus & Millichap Closes Deal for Net-Leased Wisconsin Chipotle
Marcus & Millichap closed the sale of a newly constructed 2,361-square-foot net-leased property located in Somers, Wisconsin. The asset sold for $2.35 million.… Read more
Chicago-Based AMLI Residential Sells Mixed-Use Housing Asset in Texas
JLL represented AMLI Residential, a Chicago-based developer of sustainable luxury apartment communities, as the seller of the high-rise multi-housing property… Read more
FHLBank Chicago Awards Funds to Diverse Developers Through Grant Program
The Federal Home Loan Bank of Chicago (FHLBank Chicago) has doubled its annual support to $2 million in the second… Read more