Illinois
CA Healthcare REIT Changes Name, Moves to Internal Management
CA Health & Science Trust is now RX Health & Science Trust, Inc. (RXHST). Originally launched by CA Ventures, Chicago-based RXHST is an internally managed,… Read more
Westmount Sells 21-Building Elk Grove Industrial Portfolio
Westmount Realty Capital has sold Elk Grove Village, a portfolio of 21 light industrial buildings spanning 757,557 square feet in… Read more
DMG Picks Up Multifamily Management Assignment from Noah Properties
Chicago-based DMG has been selected as the exclusive property manager for Noah Proprieties’ multifamily apartment rentals in Chicago and the surrounding suburbs. The assignment… Read more
City Council Okays $16B Lightfoot Budget for Fiscal 2023
Mayor Lori Lightfoot’s $16.4-billion for fiscal 2023 was approved Monday by Chicago’s City Council, after the mayor reportedly picked up… Read more
Interra Realty Completes Arlington Heights Deconversion Deal
Interra Realty brokered the deconversion sale of a 34-unit multifamily property in Arlington Heights, IL The property, 202-222 N. Salem… Read more
Rogers Park Mixed-Use Fetches $3M
Essex Realty Group, Inc. recently facilitated the sale of 7131 N. Ridge Blvd., a mixed-use property located in Chicago’s Rogers… Read more
Manufacturing Incubator mHub Poised to Relocate to Near West Side
Advanced manufacturing incubator mHub aims to move its operations to the industrial corridor west of the Fulton Market District, where… Read more
JRW Realty Arranges Mariano’s Sale in Northbrook
JRW Realty has facilitated the purchase of a 90,408-square-foot Mariano’s grocery store in Northbrook, IL for an undisclosed sum. Christopher… Read more
Tax Credit Multifamily Complex Trades in Minneapolis Suburbs
Marcus & Millichap arranged the sale of Lakeview Commons, a four-building, 64-unit multifamily tax credit asset in Plymouth, MN, a… Read more
Allstate in Talks to Move Headquarters Back to Chicago
Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier… Read more
Downtown Chicago Flex Space Demand Picks Up for Larger Users
Although demand for flexible workspace in Chicago is forecast to be down 14% between 2021 and 2022, the second half… Read more
Michaels Organization, DL3 Break Ground on Woodlawn Multifamily
Mayor Lori E. Lightfoot joined Ald. Jeanette Taylor, the Michaels Organization, DL3 Realty and a host of community stakeholders to… Read more
Two-Property Apartment Portfolio Goes for $27M in Yorkville
Parker Stewart, managing director, and Alex Malzone, associate VP of Northmarq’s Chicago/St. Louis investment sales team, brokered the sale of a… Read more
Retailer Topdrawer Will Open in SoHo at KPG’s 155 Spring St.
Topdrawer, a Japanese/American company known for luxury leather goods, bags, house shoes, fine paper, premium pens and Japanese goods, inked… Read more
Digging into the Kroger/Albertson’s Merger: Q&A with Placer.ai’s R.J. Hottovy
On Oct. 14, 2022, Kroger and Albertson’s Cos. announced a merger valued at more than $20 billion. The news, perhaps… Read more
Tenneco Poised to Shift Headquarters from Chicago Area to Suburban Detroit
Lake Forest, IL-based auto parts supplier Tenneco plans to relocate its headquarters to Northville, MI, near Detroit, the company announced.… Read more
Matthews Real Estate Expands Chicago Presence
Matthews Real Estate Investment Services has expanded its Chicago presence, opening a 4,288-square-foot office at 600 W. Fulton St. in… Read more
CDA, Belmont Village, Harrison St. Partner on Midway Airport Gallery Exhibit
The Chicago Department of Aviation (CDA) unveiled a new gallery exhibit Wednesday titled “American Heroes: Portraits of Service” at Midway International… Read more
Ferrero North America Breaks Ground on Bloomington Expansion
Ferrero North America, part of the global sweet-packaged food company Ferrero Group, broke ground Wednesday on its new Kinder Bueno production facility in Bloomington,… Read more