Illinois
Industrial Outdoor Ventures Closes $330M of 2022 Acquisitions
Schaumburg, IL-based Industrial Outdoor Ventures (IOV) completed 30 industrial service facility (ISF) transactions in 2022 with a total value of… Read more
Evanston Apartment Property Could Set New Sales Price Record
Milwaukee-based life insurance company Northwestern Mutual has hired JLL to sell E2, a 352-unit apartment property at 1890 Maple Ave. In… Read more
New Construction Med-Tail Property Trades in Northwest Indiana
Marcus & Millichap recently closed the sale of a 7,344-square-foot new construction med-tail center located in Valparaiso, IN. The asset sold for $2,562,500. … Read more
1.4-Million-Square-Foot Medline Distribution Center Completed in Grayslake
Design firm Ware Malcomb and general contractor Alston Construction Company have completed a new Medline distribution center located in Grayslake, IL. Ware Malcomb… Read more
JVM Snaps Up Class A Wheaton Multifamily
JVM Realty Corp., a vertically integrated multifamily real estate investment and property management firm, has acquired Courthouse Square, a 149-unit… Read more
Chicago Industrial Rebounds in Q4 from Slight Pause
Following a slight dip in demand during the third quarter of 2022, Chicago industrial picked right back up during Q4,… Read more
Wintrust Financial Names New CEO in Planned Succession
Wintrust Financial Corporation, headquartered in Rosemont, IL, has named president Timothy Crane to the additional role of CEO in a planned succession.… Read more
AIT Global Logistics Leases 57K SF of Headquarters Space in Itasca
Newmark arranged a new 56,808-square-foot lease at Class A office building Two Pierce Place in the Chicago suburb of Itasca, IL. The… Read more
Marcus & Millichap Brokers Sale of Plainfield Offices After One-Year Hold
Marcus & Millichap has closed the sale of Plainfield Medical Building, a 20,281-square foot office property located in Plainfield, IL. The asset sold… Read more
Avison Young Brokers Sale of Multi-Tenant Industrial Adjacent to Rockford Airport
Avison Young has negotiated the sale of a multi-tenant, 650,000-square-foot industrial facility at 4500 Kishwaukee St in Rockford, IL on… Read more
Chicago Investment Firm Sees Upside in Suburban Office Properties
As the battered office sector adjusts to post-COVID realities, Jeff Bernstein and Larry Elbaum are betting that suburban buildings packed… Read more
Downers Grove BP Gas Station Snapped Up by Local LLC
Marcus & Millichap arranged the sale of a BP gas station property located in Downers Grove, IL The asset sold for $2,265,000. Timothy Nichols,… Read more
Bridge Industrial Under Contract for Baxter Campus in Deerfield
Locally based Bridge Industrial is under contract to buy Baxter International’s corporate campus at 1 Baxter Parkway in Deerfield, IL,… Read more
Skender Completes Construction of Boutique Office Property in West Loop
Construction firm Skender, serving as general contractor, recently completed construction on 609 W. Randolph, a boutique office building in Chicago’s… Read more
Revolution Beer Buys Big Property in Chicago’s North Kedzie Corridor
Illinois’ largest independent brewery Revolution Beer has purchased a 128,422 sf building at 3330-3360 N Kedzie in Chicago, according to… Read more
Google Reportedly Close to Deal for New Space in Booming Fulton Market
Google will likely soon be signing a lease for half the space in a spanking, brand new office building in… Read more
Tower in Chicago’s Streeterville Neighborhood Has Plan to Repurpose as a Hotel
In an innovative twist designed to repurpose empty office space, the principals of an apartment tower in the tony Streeterville… Read more
California Cybersecurity Company Buys Chicago West Loop Office Building
A California cybersecurity concern has paid $20.8 million for the Downtown Chicago office building where it has its Chicago operations,… Read more
Longtime Restaurant Mainstay on Jewelers Row Hits the Market
Chef Jimmy Bannos has run his popular Creole-style Heaven on Seven restaurant from the seventh floor of Chicago’s historic Garland… Read more