Illinois
New Lakeshore East Apartments Nearly 100% Leased a Year After Opening
Lendlease and co-developer Magellan Development Group said Wednesday that Cascade, a 37-story, 503-unit luxury apartment tower in Chicago’s Lakeshore East… Read more
Avondale Location is a Draw for Multifamily Investors
Essex Realty Group recently facilitated the sale of 2842-2844 W. Fletcher St. a 13-unit multifamily property in Chicago’s Avondale neighborhood.… Read more
JLL Adds Multifamily Property Management, Led by Lela Cirjakovic
JLL has added multifamily to its property management business. The new Multifamily Property Management group will be led by managing… Read more
Bensenville Office Complex Draws Buyer from California
Marcus & Millichap brokered the $6.75-million sale of the Hartford Business Centre, a 66,853-square-foot, multi-tenant office complex at 729-765 N.… Read more
Lightfoot to Propose Tax Incentives to Convert Loop Building Stock into Residential
Mayor Lori Lightfoot is expected to announce next week a new initiative offering tax-increment financing money and other public incentives… Read more
Chicago Title First to Sign Lease for Dallas’s QUAD
Even though they can’t use the building for two years, one of the largest title insurer and provider of real… Read more
Q&A with Peak Construction’s David Michael on Supply Chain Challenges
Supply chain challenges continue to confront commercial real estate developers and construction firms nationwide—challenges that may be aggravated or alleviated… Read more
McDonald’s Reaffirms Commitment to Chicago in Full-Page Ad
Less than a week after McDonald’s CEO Chris Kempczinski took Chicago to task for its crime issues, the fast-food giant… Read more
O’Hare Takes OAG’s Top Spot as Global Hub
A strong domestic aviation market propelled U.S. airports to dominate data platform OAG’s Megahubs 2022 ranking, with Chicago’s O’Hare International… Read more
Walgreens Takes Full Ownership of Shields Health Solutions
Walgreens Boots Alliance, Inc. (WBA) said Tuesday it would acquire the remaining 30% of Shields Health Solutions it didn’t already… Read more
Sterling Bay JV Files Plans for Multifamily at Edge of Lincoln Yards
A Sterling Bay joint venture wants to build a 15-story, 359-unit apartment building on a vacant property at the eastern… Read more
CIBC Lends on West Side Supportive Housing Project
CIBC’s Community Development team is providing a total of $27.9 million in construction financing for The Foglia Residences, a partnership… Read more
PREMIER Design Building Out Facilities for Chicago Cardiology
PREMIER Design + Build Group has completed the buildout of a new hybrid medical facility and begun renovation work on a second medical… Read more
Construction Launches on Hyperscale Data Center at Former United Airlines Campus
Construction has begun at the site of the former United Airlines headquarters in Mount Prospect, IL on a $2.5-billion data… Read more
McHugh Goes Vertical on Embry Condo Project in West Loop
Chicago-based McHugh Construction has started vertical construction on Embry, a new 16-story tower from Sulo Development that will bring 58… Read more
Chicago’s Project Outdoor Enters JV on Wall Displays
New Tradition Media, an out-of-home media company headquartered in New York, has acquired Chicago wall spectaculars and bulletin displays from… Read more
Adaptive Reuse Could Bring Solar to Near South Side
The Chicago Plan Commission has approved the rezoning of 2548 S. Federal St., a 1920s printing factory building on Chicago’s… Read more
Net-Leased Old Time Pottery Trades in West Chicago
Marcus & Millichap arranged the sale of Old Time Pottery, a 78,271-square-foot net-leased property located in West Chicago, IL. Terms of the… Read more
Feil Organization Names Head of Commercial Leasing
Veteran commercial real estate executive Andrew Wiener has been named head of commercial leasing at The Feil Organization. Wiener will… Read more