Illinois
Downtown Office Landlords Face Refi Challenges in 2023
2023 could prove tough going for downtown Chicago office landlords whose mortgages come due, reported Crain’s Chicago Business. They’ll face… Read more
West Englewood Apartment Property Goes Under Contract in Less Than a Week
Kiser Group’s Birk | Sklar Team recently brokered the $1.425-million sale of 1421 W. Garfield in the West Englewood neighborhood… Read more
Workplace Property Trust Completes $1.3B Deal with $170M Closing on Six Office Buildings
A consortium led by Boca Raton, FL-based Workspace Property Trust has purchased six Class A suburban office buildings in five… Read more
Peak Properties Tapped to Manage Multifamily in “Ideal” Lincoln Park Locale
Peak Properties, LLC has been selected to manage a 29-unit apartment building in Chicago’s Lincoln Park neighborhood at 915-25 W.… Read more
Apartments Fetch Buyer in Upward-Trending Woodlawn
Essex Realty Group, Inc. recently facilitated the sale of 1501 E. 66th Pl., an eight-unit apartment building located in the… Read more
DMG Capital Adds Rental Townhomes in Orland Park
DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), acquired Alice Mae Court, a multifamily townhome portfolio… Read more
JV of Clear Height and Harbert Snaps Up 33-Property Chicago Industrial Portfolio
A joint venture of Oak Brook, IL-based real estate investor Clear Height Properties and Harbert US Real Estate (HUSRE) has… Read more
Multifamily Managers Use Access Control Tech to Handle Steep Increases in Package Deliveries
Package delivery volume at multifamily properties is estimated to grow almost 15% per year through 2025, with Amazon alone shipping… Read more
RMK Adds Properties in South Loop, Naperville to Management Portfolio
RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been named property manager for two luxury… Read more
Essex Realty Makes Quick Work of Rogers Park Multifamily Sale
Chicago-based multifamily brokerage firm Essex Realty Group recently facilitated the sale of 6928 N. Wayne Ave., a 50-unit apartment building… Read more
Lument Arranges $73M Freddie Mac Refi of South Side Portfolio
Lument closed a Fannie Mae loan totaling $73.4 million to refinance a portfolio of 47 multifamily apartment buildings located on… Read more
CIM Group Leases More Than 100K SF to Chicago Financial Services Tenants
CIM Group executed three leases with financial industry businesses totaling 108,975 square feet at 425 S. Financial Pl., its 40-story,… Read more
Venture Firm Aimed at “Hard Industries” Unveils $41M Fund
The 81 Collection, a Chicago-based early-stage venture firm investing in founders building across low margin or capital intensive “hard industries”… Read more
Kenwood Apartment Portfolio Sells at 50% Above 2020 Purchase Price
Interra Realty brokered the sale of a 204-unit multifamily portfolio in Chicago’s Kenwood neighborhood. Comprising six buildings, the portfolio sold… Read more
Marcus & Millichap Brokers Two Retail Center Sales in Elgin, Orland Park
Marcus & Millichap brokered two separate retail center sales in the Chicago suburbs of Orland Park and Elgin, IL, totaling… Read more
JLL, Quiet Platforms Partner to Open Fulfillment Center Network
JLL and Quiet Platforms, a wholly owned subsidiary of American Eagle Outfitters Inc., have partnered to accelerate the opening of… Read more
Arbor Lodging Launches Residential Subsidiary
Chicago-based hotel investment and management company Arbor Lodging has launched a new subsidiary, ARLO Residential. It seeks to develop and… Read more
Edgewater Apartment Complex Trades for $40M-Plus
Two former Chicago hotel buildings later converted into apartments have been sold for more than $40 million, the Chicago Business… Read more
Clear Height Properties Makes First Ohio Acquisition
A joint venture partnership between Oak Brook, IL-based real estate investor Clear Height Properties and Brookfield, Wisconsin-based MLG Capital has… Read more