Illinois
Turner Impact Capital Adds Palatine Multifamily
(Updated with additional information) Turner Impact Capital said Wednesday it had expanded its Chicagoland multifamily portfolio. The 448-unit Clayson Apartments community… Read more
Mission-Driven Crowdfunding Platform Small Change Backs Five Projects Nationwide
Pittsburgh-based Small Change, a mission-driven real estate crowdfunding platform, has raised $2.1 million for five projects across the U.S. totaling $54 million… Read more
Lightfoot’s 2022 Spending Plan Wins City Council Approval
The Chicago City Council on Wednesday passed Mayor Lori Lightfoot’s 2022 spending plan in a 35-15 vote. That plan includes a $76.5-million increase in… Read more
LoanDepot Hits a Home Run for Boys & Girls Clubs
By the time the final pitch was thrown ending Major League Baseball’s 2021 League Championship Series, loanDepot racked up more… Read more
It’s Time to Spotlight CRE’s Standout Attorneys
The deadline is end-of-day on Friday to submit nominations for Connect CRE’s second annual Lawyers in Real Estate Awards. Response to this year’s awards program has been positive,… Read more
Out-of-Town Buyer Scores Uptown Apartment Property
Essex Realty Group recently facilitated the sale of 4635-4637 N. Winthrop Ave., a six-unit multifamily property in the North Side’s… Read more
Thor Equities Partners with Buildings IOT on Fulton Market Project
Thor Equities Group partnered with Buildings IOT to ensure optimal building health for its new-construction property located at 800 W. Fulton St. in the… Read more
Greenstone Closes Sale of Skokie Flex/Industrial Portfolio
Greenstone Partners arranged the sale of a five‐building flex/industrial portfolio in Skokie, IL. The firm’s Danny Spitz and Paul Tesdal represented the 248,737-square-foot portfolio’s seller, a… Read more
NYC Investors Tee Up Two More Downtown Chicago Office Deals
Two more New York-based investors have teed up deals to acquire downtown Chicago office properties, Crain’s Chicago Business reported. In the… Read more
Lightfoot Administration Launches $20M Grant Program for Small Businesses
Mayor Lori Lightfoot and the City of Chicago Department of Business Affairs and Consumer Protection unveiled a $20-million Chi Biz… Read more
Becovic Adds to Edgewater Multifamily Holdings
Becovic, a Chicago-based multifamily owner and operator, has added The Fleetwood, located at 6026 N. Winthrop Ave. on Chicago’s North Side, to… Read more
Clear Height Taps Avison Young to Sell Seven-Building Industrial Portfolio
Clear Height Properties has named Avison Young to market for sale a seven-building, 450,034-square-foot infill industrial portfolio located across Chicagoland. The buildings are located in… Read more
Evergreen Launches Indiana Assisted Living Project
Chicago-based Evergreen Real Estate Group has secured financing and started preliminary site work for Green Oaks of Goshen, a four-story,… Read more
Fitch Ratings Upgrades Chicago’s Outlook from Negative to Stable
Fitch Ratings has revised its outlook on Chicago, boosting it from negative to stable to reflect “the ongoing revenue recovery… Read more
Milwaukee Tool Leases 70K SF at Old Post Office for First Chicago Space
Milwaukee Tool has signed a lease for nearly 70,000 square feet at 601W Companies’ redeveloped Old Post Office in the South Loop, according to published… Read more
Optima Releases New Renderings of Lakeview Rentals
Optima, Inc. has released two new renderings of its Optima Lakeview, a rental project in the North Side’s Lakeview neighborhood. Set to welcome first move-ins next spring, Optima Lakeview is a… Read more
Apartment Sale is Skokie’s Largest in Five Years
Interra Realty negotiated the $8.3-million off-market sale of 4602 Grove St., a 43-unit rental community in Skokie, IL. It marks the largest multifamily sale in this… Read more
Downtown Chicago Sees Third Straight Quarter of Office Leasing Uptick
Downtown Chicago office leasing volume increased for the third quarter in a row, Avison Young said in its third-quarter report on… Read more
Flex Office Sector Emerges from Downturn with a Bright Outlook
Although many doubted the sector’s viability at the height of lockdown orders last year, the flex-office industry has emerged from… Read more