Illinois
United Airlines to Move Unit to Suburbs, Reduce Headcount at Willis Tower
United Airlines Holdings plans to move the network operations center that coordinates its flights globally to suburban Arlington Heights next April, slashing headcount… Read more
JLL Arranges $690M Financing on BREIT Industrial Portfolio
A Dallas-based JLL Capital Markets team arranged a $690-million financing on behalf of Blackstone Real Estate Income Trust for a portfolio of… Read more
Skender Builds Out Spec Suites at Old Post Office
Skender recently completed the interior build-out for 43,000 square feet of spec suites in the North building of the historic… Read more
Investor Snags Uptown Apartments as Value-Add Opportunity
Marcus & Millichap has finalized the sale of 815 W. Belle Plaine Ave., an 11-unit apartment property in the Uptown neighborhood of Chicago’s… Read more
Colliers Engineers Deal for St. Charles Mixed-Use Trophy
Colliers Chicago’s Peter Block, Tyler Hague and Lauren Stoliar represented First Street Development, LLC, in the sale of 1st Street Development, a trophy mixed-used development… Read more
Chicago Auto Show Returns to Midwinter Timeframe with February 2022 Show Dates
Seven months after the pandemic forced rescheduling to summer, the Chicago Auto Show is returning to McCormick Place this winter, with show… Read more
Connect Webinar: The Midwest’s Hot Industrial Markets are Everywhere in the Region
Where are the hottest industrial markets in the Midwest in late 2021? “I think they’re all hot in the Midwest right now,… Read more
AmTrust Plans $100M Reinvestment in Loop Office Portfolio
AmTrust Realty Corp. will invest approximately $100 million over the next two years in its Chicago office portfolio, consisting of six million… Read more
Chicago Atlantic Real Estate Finance Files for IPO
Chicago Atlantic Real Estate Finance, Inc. , a commercial real estate finance company that invests primarily in first mortgage loans to state-licensed operators… Read more
NAIOP Chicago Names Bridge Industrial “Developer of the Year”
Bridge Industrial has been awarded NAIOP Chicago’s “Developer of the Year” and “Industrial Speculative Development of the Year” for 2021. NAIOP formally extended… Read more
Optima Introduces Vertical Landscaping System to Chicago Region
Optima, Inc. broke ground on the six-story, 100-unit Optima Verdana luxury apartment building in downtown Wilmette, IL, on Chicago’s North… Read more
Creative Agency Steps Up to Long-Term Lease at River North Offices
Colliers Chicago EVP Dougal Jeppe has arranged a 19,681-square-foot direct lease on behalf of The Motion Agency at Freedman Properties’… Read more
Newmark Hires Property Management VP in Chicago
Natalie Cico has joined Newmark as VP of property management in Chicago. A 23-year veteran of commercial real estate and property… Read more
MK Asset Brokerage, IPASER Forge Strategic Alliance
MK Asset’s brokerage division, MK Asset Brokerage (MKAB), has formed an exclusive alliance with Investment Property Advisory Services (IPASER), an investment property real… Read more
Allstate Agrees to Sell Headquarters Campus to Dermody Properties
Allstate said Monday it had agreed to sell the property making up the majority of its campus in Northbrook, IL to logistics… Read more
Faropoint Makes First Acquisition within Chicago City Limits
Faropoint acquired a 46,000-square-foot industrial facility at 250 Washtenaw Ave. in the Kinzie Industrial Corridor for an undisclosed sum. Sean Austin with Lee & Associates represented both buyer and… Read more
Ravenswood Courtyard Building Sells After Nine Days on the Market
Essex Realty Group recently facilitated the sale of 4407-4415 N. Greenview Ave. in Ravenswood, its second courtyard building transaction this… Read more
Formerly Distressed South Shore Apartments Land Permanent Refi
Berkadia recently secured financing for Park Heights at the Lake, a 106-unit high-rise multifamily property in the South Shore neighborhood of… Read more
Inland Bank Provides Acquisition Loan on Lake County Retail
Inland Bank and Trust closed on a $2,400,000 acquisition loan to purchase a mixed-use, multi-tenant retail and office building in Lake County,… Read more