Illinois
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
Timber Hill Group Adds Acquisitions Associate
Jacob Daitch has joined Chicago-based Timber Hill Group, a private equity firm specializing in the acquisition and development of e-commerce… Read more
Greystar Launches 55+ Community in Vernon Hills
Greystar recently broke ground on Everleigh Vernon Hills, a new 55+ active adult community with an undisclosed number of units in Vernon Hills, IL. It’s scheduled to open in the… Read more
Lightfoot Aims for Early 2022 Selection of Chicago Casino Bidder
The Lightfoot administration on Friday released an executive summary of the five proposals to develop and operate Chicago’s first casino resort, with… Read more
To Diagnose the Supply Chain Logjam, Use “the Rule of 1.5”
A recent segment of CBS-TV’s 60 Minutes took viewers onsite at the Port of Long Beach and also at the offices of a toy importer in… Read more