Illinois
HUD Lean Loan Refis SNF in Cicero
Cambridge Realty Capital Companies provided a $12,722,300 HUD Lean loan to refinance Alden Town Manor, a 249-bed skilled care nursing facility located… Read more
Pullman National Monument Opens as “Community Anchor” on Chicago’s South Side
Pullman National Monument’s visitor center doors and state historic site grounds opened to the public over Labor Day weekend. Declared a National Monument in… Read more
Infrastructure Bill Could Ratchet Up Data Center Demand Even Higher
“The world has become increasingly digital, a trend that has only accelerated during the pandemic, and consequently data centers are… Read more
Savills Bolsters Workplace Practice Group with Three Key Hires
Savills has boosted its Workplace Practice Group with industry experts Marty Festenstein and Surabhi Raman as senior managing directors and Tonya Williams as managing director. Festenstein is based… Read more
Edgewater Condos Turned Rentals Go for $43M in Off-Market Deal
Kiser Group represented both the buyer, TLC Management and seller, Greenstone Property Group, in a $43-million, 188-unit off-market deal for 5815 N.… Read more
Two Pullman Projects Among Landmarks Illinois’ 2021 Preservation Award Winners
Two projects on Chicago’s Far South Side are among the recipients of the 2021 Landmarks Illinois Richard H. Driehaus Foundation Preservation Awards. The nine award-winning… Read more
KBS Trades Northbrook Office Complex to Bradford Allen
JLL Capital Markets closed the sale of Edens Corporate Center, a two-building office property located at 630-650 Dundee Rd. in Northbrook, IL, on… Read more
ONE Central Developer Touts Transit Benefits of South Side Mega-Project
A study released Thursday from a team led by WSP shows the transit hub built as part of Landmark Development’s proposed ONE Central mixed-use project will… Read more
Urban Innovations Adds Air-Purification Technology Across Portfolio
Chicago-based developer Urban Innovations Ltd is installing needlepoint bipolar ionization technology across its portfolio. The ongoing installation is scheduled to be completed by mid-September. These… Read more
Cambridge Realty Arranges $8M HUD Refi on Alden SNF
Cambridge Realty Capital Companies provided a $7,836,900 HUD Lean loan to refinance Alden Princeton Rehabilitation and Health Care Center of Chicago,… Read more
Skender Completes Wilmette Affordable Project
Skender recently completed construction on Cleland Place, a three-story, 16-unit affordable housing development at 1925 Wilmette Ave. in Wilmette, IL.… Read more
Zell and EQC Board at Crossroads After Monmouth Deal Collapses
The termination of a merger agreement with Monmouth Real Estate Investment Tuesday leaves Sam Zell and the board of Equity Commonwealth (EQC) at a crossroads, Crain’s… Read more
Newmark Bolsters IT Team with VP of Product Operations
Felix Widjaja has joined Newmark as VP of product operations, managing product operations for the company’s information technology platform. Based in… Read more
Kiser Group Arranges Bulk Sale of Uptown Condos
Kiser Group arranged the $3.05-million sale of 29 condominium units in a 37-unit multifamily property in the North Side’s Uptown neighborhood. The bulk sale represents… Read more
Livly, Allegion Partner on Smart Access for Multifamily
Chicago-based Livly, Inc., which offers a unified operating system for multifamily residential properties, has launched a collaboration with Allegion U.S., a leading security products and solutions provider.… Read more
Ware Malcomb Adds Design Director in Oak Brook
Adrian McDermott has joined Ware Malcomb as director, design in the firm’s Oak Brook, IL office. He will assist in the growth and evolution of Ware Malcomb’s national design platform, specifically within… Read more
Flexibility Will Be Key in Post-Labor Day Office Environment, Says DePaul Study
The look of the post-Labor Day work environment in Chicago remains in flux. However, a survey that formed the baseline for the 2021… Read more
Equity Commonwealth Scraps Monmouth Merger as Shareholder Approval Falls Short
Equity Commonwealth (EQC) and Monmouth Real Estate Investment Corporation said Tuesday that the planned merger between the two companies was off. Although EQC shareholders… Read more
PCCP Provides Mezz Debt on Sterling Bay Spec Project
PCCP, LLC provided a $30-million mezzanine construction loan to Sterling Bay for the speculative development of 345 North Morgan, a 196,608-square-foot,… Read more