Illinois
Urban Air Adventure Park Expects to Reach 50 Franchises
Urban Air Adventure Park, part of the franchise growth-focused platform, Unleashed Brands, signed 25 new franchise agreements in the past… Read more
Cresa Names Chicago-Based Head of Portfolio Solutions
Cresa has hired Tricia Trester as head of global portfolio solutions. Based in Chicago, Trester will lead Cresa’s Portfolio Solutions and Consulting teams, with a focus… Read more
Lakeview Apartment Sale Represents “Hat Trick in Chicago Real Estate”
Essex Realty Group recently facilitated the sale of 3500 N. Fremont St., an apartment property in the North Side’s Lakeview neighborhood. Located near Wrigley Field, the property sold to… Read more
Elk Grove Facility Suits Distribution Needs of Idaho-Based Tenant
Entre Commercial Realty represented JC Watson Packing Co. in finding a new location in Elk Grove Village, IL, located in the heart of the O’Hare industrial… Read more
Timber Hill, Champion Realty Launch Fund Geared Toward Industrial Service Facilities
A partnership of Timber Hill Group and Champion Realty Advisors recently launched its newest investment vehicle, TH Logistics Fund I. The fund,… Read more
Wrigley Building to Undergo Exterior Lighting Renovations
Marking its 100th birthday this year, the Wrigley Building will be undergoing renovations to its exterior lighting. The Magnificent Mile landmark is owned by… Read more
Lakeview Sale Sets High Price Point for Non-Deconversion Deals
Interra Realty brokered the $14.8-million sale of 2827-47 N. Clybourn Ave., a 36-unit building in Chicago’s Lakeview neighborhood that includes six commercial spaces on… Read more
Hazel Tech Commits to Tishman Speyer’s New Fulton Market Development
Tishman Speyer has secured a lease with Hazel Technologies, Inc. for more than 50,000 square feet at 320 North Sangamon. Hazel Tech… Read more
Cawley Chicago Arranges Portfolio Deal on Specialized Industrial
Cawley Chicago recently completed the sale of a three-building portfolio totaling over 74,000 square feet of space on more than… Read more
Ventas Completes $2.3B Deal for New Senior Investment Corp.
Chicago-based Ventas completed its acquisition of New Senior Investment Corp. in an all-stock transaction valued at approximately $2.3 billion, including the… Read more
ESD Adds Two to Leadership Team
Chicago-based ESD (Environmental Systems Design, Inc.) has added two new members to its leadership team. David Weihing is the new… Read more
Avison Young Arranges Luft Balloons Lease at Long-Vacant Industrial
Avison Young negotiated a long-term lease of a 7,000 square-foot flexible space on behalf of Luft Balloons located at 2300 W Fullerton… Read more
Lightfoot Proposes $16.7B 2022 Budget, with No New Taxes
Mayor Lori Lightfoot on Monday presented her administration’s 2022 Budget Recommendations to the Chicago City Council. The proposed $16.7-billion “Recovery Budget” includes $1.9 billion in… Read more
Owner of Mag Mile Hotel Property Handing Keys to Lender
A venture of Cranston, RI-based real estate investor Procaccianti has an agreement to transfer the 345-key Hilton Chicago Magnificent Mile Suites… Read more
Kiser Group Arranges Rogers Park Sale to Becovic
Becovic, a Chicago-based multifamily owner and operator, has acquired 6758 N. Sheridan in Rogers Park for $9.8 million. The deal was brokered… Read more
Port District Names New Executive Director
The Illinois International Port District (IIPD) has named Erik Varela as its incoming executive director. Alongside IIPD’s board of directors, Varela will work to solidify… Read more
Wingspan Closes Fund to Expand Multifamily Development
Wingspan Development Group has closed its WDG GP Fund to further expand its successful multifamily development business. The WDG GP Fund, which drew a… Read more
Lendlease Launches First For-Sale Residential at Southbank Development
Lendlease has broken ground on The Reed, a 41-story, 440-unit residential tower at 234 W. Polk St. in Chicago’s Printers Row neighborhood. The Reed… Read more
SVN | Chicago Brokers Fulton Market Land Parcel Sale
Scott Maesel and Drew Dillon of the Urban Real Estate Team of SVN | Chicago Commercial helped secure a 1.36-acre land parcel… Read more