Illinois
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
Jeweler’s Building Redevelopment Wins Preservation Excellence Award
The Commission on Chicago Landmarks honored Cubed Construction and the team behind the recent development of The Jeweler’s Building at 15 S. Wabash Ave. with… Read more
CTA Completes Red-Purple Bypass, Eliminates Service Chokepoint
The Chicago Transit Authority said Thursday the new Red-Purple Bypass, the first major improvement for CTA customers as part of the $2.1-billion Red and… Read more
Pembrook Capital Provides First Mortgage on South Shore Affordable
Pembrook Capital Management LLC is providing a first mortgage loan up to $4 million on a multifamily property at 6700 S.… Read more
NAI Hiffman Launches National Property Management Division
NAI Hiffman said Thursday it had launched a property management services division, Hiffman National. Already providing a full suite of services to more… Read more
Lightfoot Unveils $126M of New INVEST South/West Projects
As the INVEST South/West program for historically disadvantaged South and West Side neighborhoods marked its second anniversary Thursday, Mayor Lori Lightfoot announced $126 million in new projects. These include the… Read more
Kawa Closes Preferred Equity Investment in River North Rentals
Kawa Capital Solutions, an independent asset management firm specializing in real estate capital solutions, has closed on a preferred equity… Read more
KBS Wraps Amenities Upgrades at Accenture Tower
KBS has completed more than $22 million in upgrades at Accenture Tower the 1.46-million-square-foot office tower at 500 W. Madison St. in Chicago’s… Read more
Eisenberg Foundation Schedules Multi-City Real Bright Summit for 2022
The Harold E. Eisenberg Foundation has scheduled its Second Annual Real Bright Summit, presented by Old Second Bank, for Jan. 31-Feb.… Read more
Conor Completes, Then Leases, Spec Warehouse in Bartlett
Conor Commercial Real Estate is pleased to announce the completion of Brewster Creek Commerce Center, a 436,500-square-foot speculative industrial development in… Read more
City Council Signs Off on Mark Goodman’s Fulton Market Life Sciences Tower
Mark Goodman & Associates, Inc. (MGA) on Wednesday received final approval from the Chicago City Council to build a 16-story life sciences… Read more
Christie’s Real Estate Platform Trades to @properties
Christie’s said Wednesday it would sell its Christie’s International Real Estate business to Chicago-based real estate brokerage and technology firm… Read more
Foxtrot Brings Corner Store Concept to Tribune Tower
CIM Group and Golub & Company arranged a lease with Foxtrot, the corner store, café, and delivery market, for a 1,739-square-foot… Read more
Cresco Opens Flagship Dispensary Near Wrigley Field
Cresco Labs held the grand opening of its flagship Sunnyside cannabis dispensary, located 300 feet from the Wrigley Field Marquee. A ceremonial ribbon cutting… Read more
Draper and Kramer’s Colleen Needham Installed as IREM Chicago President
Colleen Needham, assistant VP and general manager with Draper and Kramer, was installed as the 2022 president of the Institute of Real Estate… Read more
Dwight Capital Provides HUD Refi on Wheeling Apartments
Dwight Capital provided $55 million in HUD financing for Mallard Lake Apartments, a 481-unit apartment complex in Wheeling, IL. Managing director Keith Hoffman originated this… Read more
Sterling Bay Plans Apartments, Offices on Site of Former ADM Mill
After demolishing a 19th-century flour mill on the western edge of the Fulton Market District, Sterling Bay plans to redevelop the site… Read more