Illinois
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
Downtown Chicago’s Class B Office Stock Poised for Residential Conversion
Chicago ranks third only behind New York and Washington, DC in potential for converting class-B office to residential use, according to the National Association… Read more
Kiser Group Promotes Condo Deconversion Specialist to Director
Kiser Group has promoted Andy Friedman to director from advisor. Since joining the brokerage firm in early 2018, Friedman has arranged more than $90 million in condominium deconversion deals,… Read more
Draper and Kramer Opens Wrigleyville Lofts to Move-Ins
Draper and Kramer has opened Wrigleyville Lofts, the developer’s new 120-unit mixed-use project at 949 W. Dakin St. in Wrigleyville, to the property’s first move-ins. Additionally,… Read more
SIOR Chicago Donates to Trunk Scholarships Program for 11th Year
Continuing its support for the 11th year, the Chicago Chapter of SIOR donated $15,000 to make 28 Trunk Scholarships possible as part… Read more
Cour Pharma Expands at Illinois Science and Technology Park
Cour Pharmaceuticals signed a 14,000-square-foot expansion lease, growing the company’s life science and emergency biotechnology footprint within the Illinois Science… Read more
Shoppers Have Held Back but May Go For It on Black Friday
A new Oracle retail survey shows that consumers have barely made a dent in holiday shopping. While a September survey… Read more
Gold Coast Retail Trades to L3 Capital
CBRE has arranged the sale of 1051 N Rush St., a high-profile corner located at the convergence of three luxury… Read more
Obama Center Plaza to be Named for John Lewis Following $100M Bezos Gift
The Obama Foundation said Monday that Jeff Bezos is giving $100 million—the largest individual contribution to date—in honor of civil… Read more
CushWake Reps High Street in Lockport Industrial Sale
Cushman & Wakefield represented High Street Logistics Properties in its sale of 355 Logistics Center in Lockport, IL to a fund managed by a subsidiary of… Read more
AECOM-Canyon JV Teams with Tucker on Lincolnwood MXU
AECOM-Canyon Partners, a joint venture between AECOM Capital and Canyon Partners, teamed with Chicago-based Tucker Development to develop a mixed-use project on the site of the long-demolished Purple… Read more
NYC Leads Metros in Delinquency Balance, But Not Rate
Although the New York-New Jersey SMSA has the highest CMBS delinquency balance at $4.7 billion as of October, it doesn’t have the highest rate, Trepp… Read more
Optima Lakeview Marks First with WiredScore Gold Rating
Optima Lakeview, a 198-unit luxury apartment community in Chicago’s Lakeview neighborhood, is the first North American residential development to secure a WiredScore Gold rating for… Read more