Illinois
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
Mixed-Use Trades Along Lakeview’s Southport Corridor
Interra Realty negotiated the $5.2-million sale of 3546 N. Southport Ave., a mixed-use property with 21 apartments and two commercial spaces in… Read more
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