Illinois
Urban Innovations Promotes Two to GM, VP of Accounting
Urban Innovations (UI) promoted Joi Harrell to general manager and Fabian Ratulowski to VP of accounting. These moves reinforce UI’s… Read more
Greystone Places $116M Financing for Cook County Senior Housing
Greystone placed a total of $116,000,000 in bank financing to refinance the Carrington at Lincolnwood, a 383-unit senior housing property… Read more
Pols Seek Federal Funding for Chicago Union Station Rehab
City and state officials, federal lawmakers and regional transportation leaders joined together at Chicago Union Station to urge federal funding… Read more
ASC Lines Up Cash-Out Refi for Logan Square Multifamily
American Street Capital (ASC) arranged a $3,938,000 cash-out refinance loan for a 32-unit multifamily building in Chicago’s Logan Square. The… Read more
Working Group Charts Course for Future of Chicago’s Museum Campus
Mayor Lori Lightfoot and the Museum Campus working group on Thursday released “Where Worlds Connect,” a report detailing key analysis… Read more
Chicago Loop Alliance Expands Ambassador Program
Chicago Loop Alliance said Wednesday it would expand the Chicago Loop Alliance Ambassador Program, which will patrol the central Loop… Read more
Riverside Investment Plans West Loop Apartments
Riverside Investment & Development is joining the West Loop apartment development boom, Crain’s Chicago Business reported. Riverside will team with… Read more
Hines’ Oak Brook Commons Multifamily Reaches Leasing Milestone
Hines’ One Oak Brook Commons, a new, luxury rental community, has surpassed the 50% leased milestone. The upscale 17-story, 250-unit… Read more
Sharko | Weisenbeck Team Closes Deal for 100% Leased Shopping Center
Marcus & Millichap arranged the sale of a 37,219-square-foot retail property in Hales Corners, WI. The asset sold for $6,000,000. … Read more
Amazon Takes Stake in Grubhub, Offers Prime Members One-Year Trial
Amazon has agreed to take a 2% stake in Grubhub, the Chicago-based food delivery business acquired in 2021 by Netherlands-based… Read more
King & Spalding Adds Real Estate Partner in Chicago
Danna Horton, a real estate lawyer with extensive experience serving the commercial real estate and financial services industries, has joined… Read more
Bowmanville Apartments Trade After Decades of Local Ownership
Essex Realty Group recently facilitated the sale of 5355 N. Damen Ave., an 11-unit apartment building in Chicago’s Bowmanville neighborhood. … Read more
Federal Appeals Court Rules Obama Center Project May Proceed
A federal appeals court has ruled that the under-construction Obama Center may remain in the South Side’s Jackson Park, affirming… Read more
NAI Hiffman Brokers Deal for Seven-Property Warehouse Portfolio
NAI Hiffman‘s industrial capital markets team brokered the sale of the Chicago Strategic Logistics Portfolio, comprising seven industrial warehouse and… Read more
GCM Grosvenor, Blue Wolf Acquire Hallcon
Chicago-based GCM Grosvenor and New York-based Blue Wolf Capital Partners have acquired transportation services provider Hallcon Corporation from Novacap, a… Read more
Mesirow Elevates Natalie Brown to CEO Role
Financial services firm Mesirow has appointed Natalie A. Brown as CEO, following a unanimous vote by its board. Brown, who… Read more
New-Construction Lincoln Park Apartments Hit the Market
Essex Realty Group has been retained to market for sale the Arden of Lincoln Park, a new-construction luxury boutique apartment… Read more
Chicago ARC Signs UChicago Medicine and Sinai as Healthcare Partners
The Chicago ARC, being developed as the centerpiece of the health-focused $3.8-billion Bronzeville Lakefront project, has signed memorandums of understanding… Read more
Heidner Properties Acquires South Barrington Shopping Center
Locally based Heidner Properties has acquired The Arboretum of South Barrington in South Barrington, IL. The 484,000-square-foot outdoor shopping center… Read more