Illinois
Logistics Property Co. Begins 665K-SF Development in Oak Forest
Logistics Property Company, LLC (LPC) has commenced construction on a new logistics center in Oak Forest, IL, 24 miles from… Read more
Wisconsin Self-Storage Portfolio Trades to LLC
Marcus & Millichap closed the sale of Lok-Safe Storage, a 487,081-square foot, 12-property self-storage portfolio located in Green Bay, WI.… Read more
Multifamily Investment Trends and Forecasts: Q&A with Cushman & Wakefield’s Susan Tjarksen
Multifamily assets have long been an anchor for many investment portfolios. The question is whether this will continue in today’s… Read more
JLL Elevates Jaymie Gelino to COO, Project and Development Services
JLL announced the appointment of Jaymie Gelino to COO of Project and Development Services (PDS). Effective immediately, she is responsible… Read more
NCPM Expands South Shore Apartment Holdings
A local apartment investor has greatly expanded its holdings in Chicago’s South Shore neighborhood, paying $22 million for two properties… Read more
Schnucks Supermarket in Rockford Trades to California Investor
Quantum Real Estate Advisors brokered the sale of an 82,500-square-foot single-tenant NNN Schnucks grocery store located at 2642 Charles St.,… Read more
Friedman Real Estate Closes Deal for Michigan Warehouse
Friedman Real Estate recently completed the sale of a 123,596-square-foot manufacturing and warehousing facility on 14.97 acres of land in… Read more
Walgreens Cutting 500 Corporate Jobs
Walgreens Boots Alliance Inc. said it will cut 504 employees from its corporate workforce as the drugstore chain moves more… Read more
Valley Bank Hires Midwest Regional President
Valley Bank is expanding its Chicago office with the hiring of Matthew Weidle as first SVP and Midwest regional president.… Read more
Blackstone’s Club Quarters Chicago Appears Headed for Foreclosure
The 429-key Club Quarters Chicago hotel in the Central Loop appears headed to foreclosure after negotiations stalled on a delinquent… Read more
Seefried Breaks Ground on Energy-Efficient Aurora Data Center
Seefried Industrial Properties, along with Endeavour’s Edged Energy division, joined City of Aurora officials and ComEd to kick off construction… Read more
JLL Arranges Debt and Equity on Cleveland Luxury Apartment Project
JLL Capital Markets arranged $38.5 million in construction financing, in addition to co-GP equity, for Residences at Bolivar, a 184-unit,… Read more
Bankrupt HNA Ordered to Turn Over Chicago Tower to SL Green
The Chinese investment conglomerate that owns the 50-story office tower at 181 W. Madison St. in Chicago’s Loop must hand over… Read more
Commercial Real Estate Debt Maturities: A Certainty. How Bad? It Depends
There have been plenty of reports and articles discussing upcoming commercial real estate debt maturities. The main focus of these… Read more
Lendlease Names New Leadership for Chicago, Central U.S.
Lendlease, a global integrated real estate group, has elevated two company executives to lead the firm’s business in Chicago and… Read more
Amazon Puts Bridgeport Warehouse Up for Sublease
A planned Amazon warehouse in Bridgeport on Chicago’s South Side, which faced community opposition when the 112,000-square-foot project project was… Read more
MDH Reaches Full Occupancy at Bedford Park Industrial Complex
Atlanta-based MDH Partners reached lease-up of 7447 S Central Ave., a 118,218-square-foot industrial building in Bedford Park, IL, with a… Read more
Avanti Residential Adds Eighth KC-Area Property
Avanti Residential acquired the 308-unit Summit Square apartments in Lee’s Summit, MO, a Kansas City suburb, for $80 million. The… Read more
Luxury Apartment Developers Test Downtown Chicago’s Investment Sales Market
The developers of two downtown luxury apartment buildings have engaged Newmark to sell the properties, testing the market amid wobbly… Read more