Illinois
Chicago Reaches 70% Vaccination Threshold
The Lightfoot administration said Monday that more than 70% of adults over 18 have received at least one dose of… Read more
Entre’s Rachel Peck Promoted to Lead Property Management Arm
Rachel Peck has been elevated to president of Entre Commercial Realty’s property management company, Entre Asset Management LLC (EAM). Based in Arlington Heights, IL, EAM… Read more
Lightfoot Administration Extends RFP Deadline for Chicago’s First Casino
The City of Chicago has extended the deadline to respond to the casino Request for Proposals to Friday, Oct. 29. Proposals for what would… Read more
Landmarks Commission Okays Cubs Plan for Sportsbook Near Wrigley Field
The Chicago Cubs have received approval from the Commission on Chicago Landmarks to build a two-story sportsbook adjacent to Wrigley Field. The… Read more
Faropoint Establishes Chicagoland Base with 757K-SF Portfolio Acquisition
Faropoint has acquired a 757,017-square-foot industrial portfolio located throughout the Chicagoland area for an undisclosed sum. Colliers’ Jeff Devine, Steve Disse and Tyler Ziebel represented the undisclosed seller. Faropoint was… Read more
The Leading Market for CRE Recovery is Not in the Sunbelt
“Nearly 17 months since the start of the coronavirus pandemic, the world is still working on a recovery,” reports Trepp’s… Read more
U.S. Industrial Posts Absorption of 100M+ SF for Third Straight Quarter
U.S. industrial continues to prosper during the pandemic, posting 102.2 million square feet of positive net absorption for the third consecutive… Read more
JLL Hotels Adds Industry Veteran Mike Wernet to Team
JLL Hotels & Hospitality has added industry veteran Mike Wernet, as an SVP, asset management, to the team. Wernet will be based at… Read more
Roscoe Village Multifamily Sells within 10 Weeks
2152 W. Fletcher St., a five-unit multifamily property located in the North Side’s Roscoe Village neighborhood, has traded to a local investor for approximately $1,050,000. The property sold… Read more
CA Ventures Launches Pre-leasing at Arlington Heights Luxury Rentals
CA Ventures has launched pre-leasing at The Residences at Payton Place, a 263-unit luxury apartment building in Arlington Heights, IL. The Residences at… Read more
Lendlease, Magellan Launch Move-Ins at New Lakeshore East Rental Tower
Move-ins have begun at Cascade, a 37-story, 503-unit luxury apartment tower developed by Lendlease and Magellan Development Group in Chicago’s Lakeshore… Read more
Lucien Lagrange Studio Celebrates Fifth Anniversary with Full Slate of Projects
Chicago-based Lucien Lagrange Studio is celebrating its fifth anniversary this month. It’s a milestone that ushers in the next chapter for the boutique… Read more
O’Hare Earns Plaudits from Travel Magazine’s Readers
O’Hare International Airport was named “Favorite Airport in North America” for the second consecutive year by Global Traveler Magazine’s Trazee Awards. The North… Read more
Steve Milenkov Joins CushWake as Chicago Asset Services Lead
Steve Milenkov has joined Cushman & Wakefield as senior managing director and city leader and will lead asset services in the Chicago region. Cushman… Read more
Duke Launches Spec Development on Site of Vacant Woodridge Theatre
The Chicago office of Duke Realty has launched construction on a 370,973-square-foot speculative development in Woodridge, IL, on the site of… Read more
Oxford Capital Adds Thompson Chicago to Hotel Portfolio
Oxford Capital Group, LLC has acquired the 247-key, luxury lifestyle hotel Thompson Chicago, located in downtown’s Gold Coast neighborhood, for an undisclosed sum. Oxford Capital Group’s wholly owned… Read more
Kiser Group Advises on Albany Park Deconversion Sale
Kiser Group advised on the $1,773,000 Section 15 deconversion sale of 4944 N. Harding in the North Side’s Albany Park neighborhood. Advisors… Read more
Waterton Names VP of Portfolio Management
Chicago-based Waterton has hired Kate Moran as VP of portfolio management. She’ll focus on implementing the investment strategies for a select group of Waterton’s multifamily communities with a goal… Read more
NAI Hiffman Brokers Deal for Itasca Warehouse Duo
The industrial capital markets team at NAI Hiffman brokered the $13.25-million sale of 1500 Bryn Mawr Ave. and 1251 Ardmore Ave., two light… Read more