Illinois
Marcus & Millichap’s Stengle Closes Deal on Bucktown/Logan Square Border
Marcus & Millichap closed the sale of 2143 North Western Ave., a six-unit apartment property located on the border of the Bucktown and… Read more
Pangea Wraps Renovations on Two South Shore Properties from BHF Portfolio
Pangea Properties has completed renovations at 2050 E. 72nd Pl., an 18-unit apartment building, and 7800 S. South Shore Dr., a… Read more
Harrison Street, 1547 Acquire Four Data Centers from CIM
Data center owner/operator fifteenfortyseven Critical Systems Realty, LLC and Harrison Street have acquired four strategically located data centers, including two in Chicago and one each in Orangeburg,… Read more
JPMorgan Chase Elevates Michelle Herrick to Head of Real Estate Banking
JPMorgan Chase has promoted Chicago-based Michelle Herrick to head of Real Estate Banking (REB). The REB business delivers customized debt solutions and… Read more
Nature’s Fynd Will Upsize South Side Production Capacity by 200K SF
Locally based Nature’s Fynd, a food company that grows nutritional fungi protein, plans to expand to a second production location on Chicago’s South Side. The company… Read more
Group RMC Sets Deals for Four Downers Grove Office Properties
New York-based Group RMC is finalizing contracts to buy four Downers Grove, IL office properties for a total of nearly $100… Read more
Owner of 245 Park in NYC, 181 W. Madison in Chicago Files for Chapter 11
PWM Property Management, an HNA Group venture that owns 245 Park Ave. in Midtown Manhattan and 181 W. Madison St. in Chicago, said Monday it had… Read more
Marcus & Millichap Arranges $2M Sale of Net-Leased Childcare Facility in Virginia Beach
Marcus & Millichap has arranged the sale of Childtime Learning Center, a 42,689-square-foot net-leased childcare property located in Virginia Beach,… Read more
Historic Gold Coast Showroom Space Trades for $45M
Fundamental Income, a Phoenix- based net lease real estate platform, purchased RH Chicago, The Gallery at the Historic Three Arts Club for… Read more
CORFAC Names 2021 Winners of Member Excellence Awards
CORFAC International recently announced winners of the 2021 Member Excellence Awards, which recognize individuals who exemplify excellence, integrity, dedication, and participation in… Read more
JLL Lines Up Acquisition Debt for Woodridge Industrial Complex
JLL Capital Markets arranged $13.18 million in acquisition financing for Woodridge Commerce Center, a 97%-leased, three-building shallow-bay industrial complex totaling… Read more
Chicago RFP Yields Five Bids to Develop City’s First Casino
Five proposals were submitted for the City of Chicago’s RFP seeking development plans for the city’s first casino-resort. The winning proposal, to be… Read more
A New Model for Measuring CRE Market Risk
With the pandemic leading commercial real estate professionals to rethink assumptions about which markets are safe and which are risky, the NAIOP Research Foundation has developed… Read more
Amazon’s New Kid on the Grocery Block Fits Right In
In the realm of brick-and-mortar grocery, Whole Foods isn’t the only arrow in Amazon’s quiver. A little more than three years after paying $13.4… Read more
Union Investment Picks Up Gold Coast Retail after Three-Year Hiatus from U.S. Market
Following a pause of more than three years, Union Investment is actively investing in the U.S. real estate market again and has acquired… Read more
WPD Names First-Ever Director of Business Development
WPD Management, a property management company operating throughout Chicago’s South Side, has hired Dan Nagle as director of business development. Nagle is the first person to hold this… Read more
Origin Investments JV Trades Naperville Multifamily After Nine-Year Hold
Origin Investments and joint venture partner Randolph Street Realty Capital completed the sale of One Nineteen on Main, a 49-unit… Read more
$370M Quartet of Apartment Deals Illustrates Chicago’s Appeal
CBRE’s John Jaeger, Dan Cohen and Justin Puppi recently arranged four separate capital market transactions of multifamily properties in the Chicago area.… Read more
Taft Law Firm Expands at Longtime Wacker Drive Offices
Law firm Taft Stettinius & Hollister wants its attorneys and staff to spend more time in the office coming out of the COVID-19… Read more