Illinois
Harrison Street Takes Minority Stake in Digital Infrastructure Firm
Pursuing its digital infrastructure strategy, Chicago-based Harrison Street has acquired a significant minority interest in Summit Infrastructure Group, Inc. (SummitIG), a leading dark fiber… Read more
Mesa West Provides $188M of Financings in Chicago, Phoenix and Portland
In the largest of three separate multifamily financings, Los Angeles-based Mesa West Capital provided a joint venture between Chicago developer… Read more
Auburn Gresham Sale Continues Streak on South Side
Essex Realty Group finalized the sale of 7959 S. Ashland Ave., a 20-unit mixed-use investment opportunity located in the South Side’s Auburn… Read more
TWG Will Make Chicagoland Debut with Active Adult Project
TWG said Wednesday it’s developing McDowell Point, a $62.38-million, 174-unit active adult community in Naperville, IL. This will be TWG’s first… Read more
Bridge Industrial Acquires Former Navistar Site for 1.5M-SF Development
Bridge Industrial has acquired an 86.63-acre site in Melrose Park, IL, for the development of Bridge Point Melrose Park, a… Read more
Dayton Street Hires Asset Manager for U.S. Portfolio
Dayton Street Partners, a Chicago-based industrial and logistics real estate investment firm, said Tuesday that Nathan Zwieg has joined the firm as… Read more
Brown Commercial’s Hezner Arranges O’Hare Portfolio Sale
Amid robust industrial demand that continues to fuel investment activity and rent growth in Chicago’s O’Hare submarket, Brown Commercial Group senior… Read more
Developers Enter the Field for Arlington Racecourse Bids
The Chicago Bears are facing competition for Arlington International Racecourse. The NFL franchise, currently based at Soldier Field, recently acknowledged… Read more
Chicago Multifamily Rents Continue Growth Streak
Chicago apartment rents increased 2.5% during June, and increased by 1.5% in comparison to the year-ago period, Apartment List reported.… Read more
Logan Square Apartments Sell in Less Than 12 Weeks
Essex Realty Group closed the sale of 2313 N. Albany Ave., a nine-unit multifamily property in the North Side’s Logan Square… Read more
Lightfoot Proposes $97M Sale of Former Michael Reese Site
The former Michael Reese Hospital Site in Bronzeville would be sold by the city to development consortium GRIT Chicago LLC… Read more
Dexter Magnetic Consolidates into Elk Grove Technology Park
Avison Young negotiated a long-term lease on behalf of Dexter Magnetic Technologies, Inc., for an 81,676-square-foot industrial facility in the… Read more
Bell Works Chicagoland Redevelopment Signs First Long-Term Tenant
Somerset Development has signed a 22,000-square-foot lease with Platinum Home Mortgage Corporation (PHMC) at Bell Works Chicagoland, representing the first long-term lease… Read more
Sterling Bay, Eden Health Partner on Office Healthcare Amenities
Sterling Bay and Eden Health have formed a partnership to bring healthcare amenities to tenants in Chicago office locations including 600 W Chicago and 111 N Canal, an… Read more
ULI Chicago Advocates Standardized Valuation Process for Taxation
ULI Chicago has released recommendations to encourage the creation of a standardized valuation process in the city. Working in partnership… Read more
Kiser Group Sees “Incredibly Active” Market on South, West Sides
In the first half of 2021, Kiser Group’s Birk | Sklar team continued to have one of its most active… Read more
Faropoint Closes First Acquisition in Chicago Region
Just two months after opening a Chicago office, Faropoint has closed its first acquisition in the Chicago market. Transwestern represented… Read more
Meridian Arranges Refi on Net-Leased Portfolio of Medical Office, Retail Assets
Meridian Capital Group arranged $35.5 million to refinance the Hirschfield Portfolio containing 18 separate commercial properties in California, Colorado, Florida,… Read more
Driehaus Museum Acquires Adjacent Murphy Auditorium
The Richard H. Driehaus Museum has acquired the adjacent John B. Murphy Memorial Auditorium from the American College of Surgeons (ACS) for… Read more