Illinois
Illinois Issues First Round of Cannabis Shop Licenses
The State of Illinois on Friday awarded 149 of the 185 cannabis dispensary licenses selected in three lotteries last summer.… Read more
JLL Arranges Construction Loan for River North Multifamily
JLL Capital Markets arranged a $59.8-million construction financing for 741 North Wells, a shovel-ready, 21-story, 168-unit, Class A multifamily project… Read more
City Council Enacts Pilot Preservation Fund for South Shore Condos
Chicago City Council on Thursday approved a measure creating a new pilot preservation fund geared toward vulnerable condo and co-op… Read more
Greystone Provides Bridge Loan for Schaumburg Deconversion Deal
Greystone provided $60,000,000 in bridge financing to acquire 21 Kristin Apartments, a 357-unit condo deconversion property in Schaumburg, IL. The… Read more
Class A Office Fares Best in Chicago Suburbs
In Chicago’s suburbs, high quality, well located, Class A properties will continue to see the most activity as employers look… Read more
The Race to Invest in Collision Centers
By Jake Marthens, Matthews Real Estate Investment Services Accidents happen, and no matter how strong e-commerce becomes or if a… Read more
Loop Office Owner Markets Property for Possible Resi Conversion
Barrington, IL-based GK Real Estate has hired the Chicago office of CBRE to sell its 22-story office building at 123… Read more
Essex Brings Lincoln Park Apartments to Market
Essex Realty Group has listed 1928 N. Sheffield Ave., a three-unit apartment building in Chicago’s Lincoln Park neighborhood. It’s within… Read more
KPMG Names Diane Swonk Chief Economist
KPMG LLP has named Diane Swonk—a familiar name in commercial real estate—as chief economist. Swonk, based in Chicago, will lead… Read more
Florida Investor Snags Indiana MOB
Marcus & Millichap closed the sale of Edison Lakes Medical Center (ELMC), a medical office property in Mishawaka, IN. The… Read more
Life Sciences Company Endotronix Upsizes Headquarters in Move to Naperville
Endotronix, Inc., a digital health and medical technology company, will relocate and expand its headquarters to Naperville, IL to support… Read more
Newmark Sells South Loop Mariano’s Store and Adjacent Parking Lot
Newmark completed the sales of a single-tenant net-leased Mariano’s Fresh Market grocery store and an adjacent but separately owned ground-leased… Read more
Interra Claims Leadership in Middle-Market Apartment Deals
Interra Realty said it has closed more middle-market multifamily transactions than any other brokerage in the five-county Chicago metro area… Read more
Kiser Group’s Birk | Sklar Team Lists 62-Unit Grand Crossing Multifamily
Kiser Group’s Birk | Sklar Team has listed 6800 S Dorchester for sale in Grand Crossing on Chicago’s South Side.… Read more
CBRE Markets Redevelopment Opportunity in Deerfield
CBRE is bringing to market a 37.5-acre mixed-use redevelopment opportunity in Deerfield, IL. Tony Gange, Matt Ishikawa, Brain Buckingham and… Read more
NASCAR, Chicago Partner on New Street Race for 2023
NASCAR and the City of Chicago announced Tuesday that the first-ever NASCAR Cup Series street race will be held in… Read more
Placer.ai: Pandemic Didn’t Create New Migration Patterns
The beginning of the pandemic saw many think-pieces predicting that the areas in which Americans choose to live would be… Read more
JCA Completes Renovations for Ipsos in West Loop
J.C. Anderson (JCA) completed a 59,000-square-foot renovation project for Ipsos at Tishman Speyer’s The Franklin, 222 W. Adams St. in… Read more
Avondale Condos Turned to Rentals Fetch $8M
Essex Realty Group recently facilitated the sale of 2904 W. Belmont Ave. a 21-unit multifamily building in Avondale on Chicago’s… Read more