Illinois
Chicago/Midwest People & Company News, week of December 19, 2025
Essex Realty Group, LLC is celebrating 35 years as a mid-market multifamily sector firm. As client needs have expanded, so… Read more
CEDARst Acquires Logan Square Multifamily for $35M
CEDARst Companies has completed the $34.6 million acquisition of The Weyland, a seven-story, 132-unit multifamily community at 1980 N. Milwaukee… Read more
Maverick Commercial Mortgage Closes $14M Loan for Evanston MF
Maverick Commercial Mortgage, Inc. closed a $13.55 million ground-up stretch senior construction loan provided by a Midwest-based debt fund for… Read more
Northmarq Facilitates $27M Refi for Chicago Luxury Apartments
Northmarq’s Chicago Debt and Equity team, led by Managing Director Kevin McCarthy, arranged the approximately $27 million refinance of Madison Throop… Read more
Wind Point Partners Relocates, Expands Salesforce Tower Office Space
Private equity investment firm Wind Point Partners will relocate its headquarters to a 24,000-square-foot full floor at the Salesforce Tower… Read more
Aimco to Sell Chicago Multifamily Portfolio for $455M
Apartment Investment and Management Company (Aimco) has entered into a definitive agreement to sell its portfolio of seven apartment properties,… Read more
CAVA Opens New Des Plaines Location, Plans More Restaurants
Mediterranean fast-casual restaurant chain CAVA Group Inc. recently opened its latest location in Des Plaines. The company opened a 2,500-square-foot… Read more
Peakline Real Estate Funds, LPC Break Ground on Naperville BTR Development
Peakline Real Estate Funds, in partnership with Lincoln Property Company, celebrated the official groundbreaking of The Claire, a 90-unit build-to-rent… Read more
Colliers Arranges Sale of Two Retail Condos in Chicago’s Southport Corridor
Colliers’ Chris Irwin recently represented MDN Development in the sale of two net-leased retail condos, 3541-43 Southport and 3539 Southport… Read more
Greenstone Partners Closes $10M Sale of 120K-SF Industrial Asset in Indy
Greenstone Partners completed $10.3 million sale of 2402 Shadeland, a multi-tenant shallow bay industrial property totaling 120,886 square feet. Located… Read more
McHugh Construction, Nacional Group Break Ground on Community Center in Elmhurst
McHugh Construction and its joint venture partner, Nacional Group, recently held a groundbreaking ceremony for the new Joanne B. Wagner… Read more
Chicago/Midwest People & Company News, week of December 12, 2025
Farbman Group announced the addition of six new team members to its family of organizations. Spanning three states, the firm’s… Read more
Pebblebrook Closes $72M Sale of Westin Hotel in Chicago
Pebblebrook Hotel Trust has completed the sale of the 752-room Westin Michigan Avenue Chicago in Chicago, Illinois. Local hotel investor… Read more
Dermody Donates 20K SF of Space to Support Chicago’s Toys for Tots
Dermody announced its participation in the U.S. Marine Corps Reserve Toys for Tots 2025 program. This year, a 20,000-square-foot portion… Read more
Fed Cuts Rates Again as Officials Clash Over Next Steps: Post Analysis
The Federal Reserve delivered an expected quarter-point rate cut on Wednesday, lowering the federal funds rate to a range of… Read more
Illinois Quantum Partners with Silicon Catalyst
The Illinois Quantum and Microelectronics Park (IQMP) and Silicon Catalyst announced a new partnership to support quantum startups and bring… Read more
Fed Trims Rates Quarter-Point, Signals Higher Bar to Further Cuts
The Federal Reserve cut the federal funds rate by an expected quarter-point to a range of 3.50%-3.75% on Wednesday. Three Federal Open Market… Read more
SVN Chicago Commercial Closes Chicagoland Multifamily Sale
SVN Chicago Commercial has closed the sale of an 11-unit, 7,975-square-foot garden-style multifamilybuilding at 17 N. Hillside Avenue in Hillside,… Read more
1M-SF Infill Industrial Portfolio in Indianapolis Sells
Marcus & Millichap completed the sale of a two-property industrial portfolio located in Princeville, Illinois, and Lafayette, Indiana. The portfolio… Read more