Illinois
3650 REIT Originates Acquisition Loan for Roseville Retail
3650 REIT, a nationwide commercial real estate lender, originated a $71.5-million acquisition loan for Creekside Town Center, a 95.6%-occupied retail… Read more
12-Unit Apartment Building in Lyons Trades Hands
Marcus & Millichap closed the sale of a 12-unit apartment property located in Lyons, Illinois.Senior Managing Director Investments, Ryan D.… Read more
KeyBank Provides Financing for Aurora Affordable Housing Project
KeyBank provided $36.3 million for the new construction of Elevate at Aurora, a 137-unit family project in Aurora, CO. KeyBank… Read more
Foreign Investors in U.S. Eye Office-to-Residential Conversions
The concept of office-to-residential conversion appears to have caught on with foreign investors in U.S. commercial real estate, according to… Read more
Flaherty & Collins Building $65M East Peoria Luxury Community
Flaherty & Collins Properties broke ground on a $65 million mixed-use property in East Peoria, Illinois. Blutowne will feature 219… Read more
Azusa Industrial Scores $84M Post-Close Acquisition Debt
JLL Capital Markets arranged $84 million in post-close acquisition financing for Azusa Industrial Center, a three-building industrial park totaling 432,500 square feet located in Azusa.… Read more
Evoke Partners Launched by Geoff Kasselman, Ra’eesa Motala
Geoff Kasselman and Ra’eesa Motala are launching Evoke Partners, a new platform of companies at the intersection of commercial real… Read more
MMCC Lines Up Acquisition Loan for Mission Viejo Retail/Office
Marcus & Millichap Capital Corporation (MMCC) arranged $21,775,000 in financing for the purchase of Kaleidoscope Center, a retail shopping mall… Read more
Interra Brokers $2M Northwest Chicago Multifamily Portfolio
Interra Realty has brokered the $2 million sale of a two-building, 13-unit multifamily portfolio in Chicago’s Norwood Park and Edison… Read more
Ryan Cos. Breaks Ground on NorthShore – Edward-Elmhurst Cardio Center
Ryan Companies and NorthShore – Edward-Elmhurst Health (NS-EEH) broke ground on the Cardiovascular Institute (CVI) Health Center. Located on the Edward… Read more
RE Development Starts Work on Luxury Tinley Park Townhomes
President of RE Development Solutions Ramsey Elshafei and owner of Superhost Hospitality, Ashraf Lakhany, were joined by Tinley Park Mayor… Read more
North Bridge Closes $50M C-PACE Refi
North Bridge, in collaboration with Lantern Real Estate Advisors, facilitated a $50 million C-PACE refinancing for the Residence Inn Berkeley… Read more
Kiser Closes $11M Off-Market MF Deal in Andersonville
Kiser Group brokers Jacob Price and Katie LeGrand closed on 1553-55 W. Hollywood, a $10.9 million off-market deal. This property… Read more
OC Apartment Properties Score $142M Cash-Out Refi
Alex Kane, Joe Giordani, Brendan Golding and Alvin Cao of Northmarq’s Newport Beach Debt + Equity office arranged the refinancing of two California multifamily properties, the… Read more
Skender Finishes Construction of New Ace Hardware HQ
Skender has completed the 250,000-square-foot build-out of Ace Hardware Corporation’s new headquarters. The project, located at 2915 Jorie Boulevard in… Read more
Is There Enough Supply for Low-Carbon Building Demand?
In a recent article, JLL’s Guy Grainger and Paulina Torres said that corporates demand more high-quality, low-carbon workspace. But that… Read more
Wall of Multifamily Maturities Means Buying Opportunities
With $1.99 trillion of multifamily mortgage debt outstanding through 2028, a wall of debt maturities is quickly approaching for multifamily… Read more
Return to Lender: Week of Oct. 12, 2023
Hear from the leaders in loan advisory and special servicing during a panel on distressed assets at Connect Investment & Finance… Read more