Illinois
UBS Sells Addison & Clark Stake at a Loss
A UBS investment fund has cashed out of its majority stake in Addison & Clark, a seven-story apartment and retail… Read more
Exhibit and Display Maker Relocates Operations to North Side
DarwinPW Realty/CORFAC International VP Terry Lynch, in conjunction with SVN Chicago industrial representative Sean Sloan, represented building owner Knox Avenue… Read more
Revitate Cherry Tree Acquires Third Indiana Multifamily
Revitate Cherry Tree, a private real estate investment platform specializing in acquiring and operating multifamily assets, has acquired Tuscany Bay,… Read more
Illinois Senate Advances Plan for Airport in Chicago’s South Suburbs
The Illinois State Senate voted 33-20 to approve a measure that would advance the long-discussed development of an airport in… Read more
Employee Data and Back-to-Work Numbers
With the pandemic in the rearview mirror, return-to-office mandates are on the rise. Having said that, many workplaces don’t ask… Read more
Sterling Bay Poised to Start Pre-Leasing on Fulton Market Apartments
Sterling Bay, in partnership with Ascentris, said its new residential project at 160 N. Morgan will be called The Dylan,… Read more
Opus Group Launches Third Spec Build in North Aurora
The Opus Group began construction on the third and final building at Tollway Corporate Center, an industrial development in North… Read more
Waterton Hires SVP Investor Relations
National real estate investor and operator Waterton hired Matt Porath as an SVP of investor relations. Based out of Cleveland,… Read more
DRA Puts 18 Chicago-Area Shopping Centers on the Market
DRA Advisors has hired brokers at Mid-America Real Estate and Cushman & Wakefield to sell 18 shopping centers in Chicago… Read more
Newcastle Names Managing Director, Asset Management
Newcastle Limited promoted Gunner Schnowske to managing director, asset management. Since joining the firm as an associate in 2007, Schnowske… Read more
Out-of-State Investor Nabs Multifamily in Andersonville, West Loop
Interra Realty brokered two multifamily sales in Chicago to the same out-of-state buyer. In the West Loop, it brokered the… Read more
Construction Firm Inks Des Plaines Office Lease
Lee & Associates negotiated a new 12,925-square-foot, long-term office lease to Granite Construction at O’Hare Offices, 1011 E. Touhy Ave.… Read more
Newly Opened St. Regis Chicago Trades to JV
A joint venture between Gencom and GD Holdings has acquired the newly opened, 192-key St. Regis Chicago, which occupies the… Read more
Trends in Multifamily Operations and Development: Q&A with AMLI’s Gregory Mutz
Economic fundamentals and tenant preferences continue to drive change in the multifamily sector. The upcoming “Connect Midwest: Multifamily & Adaptive… Read more
Ryan Promotes Eric Nordeen to President, Great Lakes Region
Ryan Companies US, Inc. has promoted Eric Nordeen to president of the Great Lakes region, succeeding Jim McDonald, who is… Read more
Single-Tenant Industrial Finds New Owner in Chicago’s Southwest Suburbs
Marcus & Millichap closed the sale of a 39,816-square-foot, single-tenant industrial property located in Mokena, IL, a southwest suburb of… Read more
Vornado Unveils Latest Upgrades at The MART
Vornado Realty Trust on Monday unveiled a new suite of tenant amenities, plus food and beverage retailers at its The… Read more
EQ Office Names SVP, Social Impact and Sustainability
EQ Office has appointed Samantha Sims as SVP, social impact and sustainability, effective immediately. Based in New York and reporting to… Read more
Marcus & Millichap Closes Pawn Shop Sale to Houston Buyer
Marcus & Millichap arranged the sale of EZPAWN, located on Chicago’s Northwest Side. The purchase price wasn’t disclosed. Nicholas Kanich,… Read more