Illinois
Chicago Fire Training Facility Breaks Ground on Near West Side
City officials and Chicago Fire FC owner and chairman Joe Mansueto joined community members at the Jane Addams Family Resource… Read more
Birk | Sklar Team Closes Sale of South Side Multifamily Trio
Kiser Group’s Birk | Sklar Team recently closed a transaction worth $8.65 million for three buildings located at 6625 S. Drexel,… Read more
First-Ever Virgin Hotel Hits the Sales Market in Chicago’s Loop
A joint venture of Miami-based Lionstone Development and Virgin Hotels has hired the Chicago office of JLL to sell the… Read more
Greystone Provides HUD Refi on Supportive Living Facility
Greystone provided a $13,698,300 HUD-insured loan to refinance a 122-bed Supportive Living Facility (SLF) in Crestwood, IL. The financing was… Read more
Partnership Acquires 90-Property Affordable Portfolio for $1.2B
The Community Development Trust (CDT), The Michaels Organization and Goldman Sachs Urban Investment Group (UIG) have completed the $1.2-billion acquisition… Read more
Kiser Group Finalizes Sale of Loop Mixed-Use with 4 a.m. Liquor License
Kiser Group’s Birk | Sklar Team has sold 701 S State, a mixed-use building located in Chicago’s Loop, for $6 million.… Read more
Yellow Banana Closes on Investment into Grocery for South and West Sides
Yellow Banana, the owner and operator of eight Save A Lot locations in the Chicagoland area, has closed on a… Read more
Ribbon-Cutting Opens Phase One of Bronzeville MXU and Launches Next Phase
Chicago Mayor Lori Lightfoot recently joined The Habitat Company, P3 Markets and city officials to cut the ribbon on 43… Read more
Marcus & Millichap Closes Deal for Net-Leased Batavia Chipotle
Marcus & Millichap finalized the sale of a 2,350-square foot net-leased restaurant located in Batavia, Il. The asset sold for $2,050,000. Austin Weisenbeck,… Read more
Lee Illinois Arranges Leases for Industrial and Office in Elgin
Lee & Associates closed a pair of lease transactions totaling 14,420 square feet in Elgin, IL. In one transaction, Jay… Read more
Chicago Fed Survey Sees Economic Growth “Well Below Trend”
The Chicago Fed’s latest Survey of Economic Conditions (CFSEC) found that the Activity Index decreased to –37 in April from… Read more
Draper and Kramer Wins 2023 CAMME Award for 61 Banks Street in Gold Coast
Draper and Kramer, Inc. said 61 Banks Street, the firm’s 57-unit ultra-luxury boutique Gold Coast property, has been honored with a… Read more
BMO Names New U.S. CEO to Succeed Retiring Dave Casper
BMO has appointed Darrel Hackett as U.S. CEO of BMO Financial Group, president & CEO of BMO Harris Bank N.A., and CEO… Read more
Skender Builds Out Bloomingdale Space for Longtime Client Northwestern Medicine
Skender recently completed the buildout of the Northwestern Medicine Center for Pain and Spine Health Bloomingdale. The multidisciplinary clinic is located… Read more
EQT Exeter Picks Up Single-Tenant Distribution Center in SE Wisconsin
Colliers’ Jeff Devine and Steve Disse represented Janko Group, a 30-year-old real estate company that invest opportunistically across multiple product… Read more
Condo Deconversions in the South Loop, Lakeview Test the Investment Sales Market
A pair of developers that turned big condominium buildings into apartments over the past several years have put them up… Read more
TradeLane Buys 5-Building San Antonio Industrial Portfolio
TradeLane Properties, a privately held Industrial real estate investment company, has closed on a five-building light industrial portfolio totaling 631,000… Read more
Savanna Inks New Lease with Janet Mandell in Flatiron District
Janet Mandell, a luxury fashion rental company, has signed a new lease at 24 West 25th Street in the Manhattan’s… Read more
Flight to Quality Drives Down Vacancies in Trophy Downtown Chicago Offices
Avison Young’s First Quarter 2023 Office Market Report for downtown Chicago shows that vacancy in trophy buildings has decreased to 7.5% as… Read more