Illinois
Optima Launches Leasing Gallery at North Shore Luxury Rentals
Optima, Inc. has opened its on-site leasing gallery at Optima Verdana, the company’s latest luxury rental community located in downtown… Read more
Groupon Terminates River North Headquarters Lease Two Years Early
Groupon is ending its lease for its River North headquarters two years early as it risks running out of cash, reported Crain’s… Read more
MBA Forecasts 20% Drop in CRE Loan Volume for 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $654 billion this year, a 20% decline… Read more
Molson Coors Comes to BMO Tower with 84K-SF Lease
Riverside Investment and Development and partner Convexity Properties signed Molson Coors Beverage Company to a long-term, 83,848-square-foot lease at 320… Read more
Kiser Group Lists 151-Unit Portfolio in Uptown
Kiser Group has listed Ravenswood Gardens, a portfolio comprising 151 apartment units across seven closely situated buildings in Chicago’s Uptown neighborhood.… Read more
Clear Height Acquires Industrial Service Facility Near O’Hare
Clear Height Properties has acquired an 18,800-square-foot industrial service facility located at 9211 Gage Avenue in Franklin Park, IL for… Read more
Adaptive Reuse and Multifamily Feasibility: Q&A with Golub & Company’s Lee Golub
Adaptive reuse is under consideration as a potential solution to re-purpose office buildings that are outliving their usefulness. But how… Read more
Submit Your Nominations for Connect CRE’s 2023 Top Mortgage Brokers & Lenders
For commercial real estate professionals on the lending side, 2022 brought an increasingly challenging year as macroeconomic turbulence roiled the… Read more
Red Oak Names Regional Manager for Midwest
Red Oak Capital Holdings, LLC, a national commercial real estate finance company headquartered in Grand Rapids, MI, has appointed CRE… Read more
JLL Expands Design Consultancy Business with Broader Service Offering
JLL is combining its design, technology and sustainability solutions by expanding globally and renaming its Big Red Rooster business Design… Read more
Zeller Lists Skokie Offices as Redevelopment Opportunity
Chicago-based real estate firm Zeller has hired Cushman & Wakefield to sell the Old Orchard Towers office property at 5202… Read more
Private Buyer Snaps Up 100% Leased Darien Retail Center
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Darien Shopping Center in the western Chicago suburb… Read more
City Selects Development Team for Woodlawn Mixed-Income
A 70-unit mixed-use, mixed-income residential complex was announced by Chicago Mayor Lori Lightfoot Wednesday as the winning proposal to redevelop… Read more
Century and Consumers Buildings Make National Roster of Endangered Places
The National Trust for Historic Preservation’s annual roster of “America’s 11 Most Endangered Historic Places” includes the Century and Consumers… Read more
Sterling Bay’s Gloor Seeks New Financing for Lincoln Yards Project
Chicago’s $6-billion Lincoln Yards mega-development is in talks to receive new financing after delays in getting approvals from the city… Read more
Essex Realty Expands South Side Team with Financial Analyst
Multifamily brokerage firm Essex Realty Group, Inc. is expanding one of its brokerage teams with the addition of associate Russell… Read more
Private Fund Divests NAPA Auto-Anchored Retail in Plainfield
Marcus & Millichap closed the sale of a NAPA Auto Parts-anchored retail center, located in Plainfield, IL. The sale price… Read more
Bally’s Plans to Offer Stake in Chicago Casino to Residents
Bally’s Corporation has confidentially submitted a draft registration statement on Form S-1 with the SEC, relating to its proposed initial… Read more
LaSalle Street Redevelopment Plan Adds Two More Proposals
Add two more office-to-residential conversion proposals that have advanced to the next stage of the review process as part of… Read more