Illinois
Furniture Retailer Backfills Former Bed Bath & Beyond Space in Schaumburg
CBRE arranged a 70,737-square-foot retail anchor lease at 915 E Golf Rd in Schaumburg, IL. Steinhafels, a Milwaukee-based furniture and… Read more
Florida Investor Scores Deal for Franklin Park Warehouse
Marcus & Millichap closed the sale of 9900 Franklin Ave., a 85,800-square foot industrial property located in Franklin Park, IL. The sale price wasn’t disclosed.… Read more
Origin Investments Affiliate Launches New Fund Aimed at Multifamily Credit
Chicago-based Origin Credit Advisers LLC (OCA), a newly formed affiliate of multifamily real estate fund manager Origin Investments, has launched the… Read more
Baird & Warner Promotes Two Members of Senior Leadership Team
Baird & Warner, Illinois’ largest family-owned independent real estate services company, has promoted two longstanding members of its senior leadership team.… Read more
Peak Realty Tapped to Lease Up West Loop Luxury Apartments
Peak Realty has been tapped by Tandem Development to market and lease Sage West Loop, a 196-unit, new construction luxury apartment building in… Read more
Chicago and Rosemont Brokers Win National Recognition Week Awards from Transwestern
Transwestern Real Estate Services said Monday that five brokers based in the Chicago and Rosemont offices were recognized nationally for… Read more
Chicago Hotel Occupancy Climbs Above 2019 Levels
Average hotel occupancy rate for January and February of 2023 in Chicago’s Loop nearly doubled from 2022 and nearly tripled from 2021, the Chicago… Read more
Wabtec Signs Full-Floor Lease Extension at 500 W. Monroe
Avison Young and JLL have arranged a 10-year lease extension for Westinghouse Air Brake Technologies Corporation (Wabtec) on a full… Read more
Peak Properties Hired to Manage and Update Bowmanville Apartments
Peak Properties, LLC has been retained to manage, update and lease a 52-unit apartment building located at 2000 W. Summerdale… Read more
Michigan Avenue Real Estate Launches New Property Management Brand
Michigan Avenue Real Estate Group and its property management subsidiary, GERAM Property Management, have launched a new property management brand,… Read more
Echo Real Estate Capital Adds Morton Grove MOB
Chicago-based Echo Real Estate Capital, Inc. has acquired a single-tenant medical office building leased to Advocate Health Care for an undisclosed sum.… Read more
Marquette Collects Payoff for Pandemic-Era Gamble with $79M Refi of West Loop Tower
Naperville, IL-based Marquette Companies has refinanced the Parq Fulton, a 278-unit apartment building at 1400 W. Randolph St. in Chicago’s… Read more
Antares Capital Upsizes Offices in Move to BMO Tower
Riverside Investment and Development and co-development partner Convexity Properties signed Antares Capital to a long-term, 87,586-square-foot lease at the recently… Read more
George Smith Partners Secures Financing for Acquisition of Magnificent Mile Retail
George Smith Partners secured the permanent financing for the acquisition of a 5,666 square-foot luxury, high-street retail parcel located at… Read more
Michael Madden Joins Cushman & Wakefield with Focus on Suburban Occupiers
Michael Madden has joined Cushman & Wakefield as director in the firm’s Occupier Services group. He joins Cushman & Wakefield… Read more
Chicago and the Midwest “Likely to Take Their Lumps” from CRE Distress
Chicago specifically and the Midwest more generally appear likely to see their share of commercial real estate distress as 2023… Read more
Sancerre Hospitality Adding New Restaurant Concept to Fulton Market District
Fulton St. Companies and Intercontinental Real Estate Corporation have signed Sancerre Hospitality to a 7,000-square-foot, ground floor lease at 1045… Read more
Walmart Closing Half Its Chicago Stores, Citing Years of Losses
Walmart Inc. said it would close four of its eight Chicago stores, effective April 16. The pharmacies at these locations… Read more
Marcus & Millichap Finalizes Sale of Hebron Industrial
Marcus & Millichap closed the sale of 11414 Maple Ave., an industrial property located in Hebron, IL. Terms of the sale were not… Read more