Illinois
Dalfen Expands Midwest Footprint with Aurora Warehouse
Dalfen Industrial acquired a 174,300-square-foot industrial facility at 1103 Butterfield Rd. in Aurora, IL. It’s part of a portfolio dealhttps://www.connectcre.com/phoenix/acquisition-provides-dalfen-a-cross-collateralized-industrial-portfolio/ Dalfen… Read more
U. of Chicago Launches Accelerator for Quantum Startups
The University of Chicago’s Polsky Center for Entrepreneurship and Innovation and the Chicago Quantum Exchange have launched Duality, reportedly the nation’s first accelerator program dedicated exclusively… Read more
Acquisition Provides Dalfen a Cross-Collateralized Industrial Portfolio
On behalf of its U.S. core-plus debt fund, PGIM Real Estate recently provided a $41 million loan facility to Dalfen… Read more
First Hospitality Names VP of Investments
First Hospitality, a hotel management, acquisition, development and consulting company based in Rosemont, IL, appointed Jason Hutcheson VP of investments. He’ll… Read more
Clear Height Recapitalizes 15-Asset Portfolio in JV with Harbert
Clear Height Properties has completed a 15-property, $55-million-plus recapitalization through the formation of a joint venture partnership with Harbert U.S.… Read more
Sale of “Pandemic-Affected” West Loop Property Bodes Well for Market
Greenstone Partners closed the sale of a 100% leased mixed‐use property at 1020 W. Madison in the West Loop for… Read more
Hines Taps Stream Realty to Lease Mass Timber Project
The Chicago office of Stream Realty Partners has been engaged by Hines to lease T3 Goose Island, a proposed 270,000-square-foot… Read more
North Lawndale Apartments Trade to Private Buyer
Marcus & Millichap closed the sale of a six-unit apartment in the West Side’s North Lawndale neighborhood. The asset sold… Read more
Last Chance: Nominate a Rising Star for Our Fifth Annual Next Generation Awards
Connect Media’s fourth annual Next Generation Awards in 2020 shone a light on more than 100 of commercial real estate’s… Read more
Landmark Hotel Essex Will Rebrand with Le Méridien Flag
Oxford Hotels & Resorts, the Chicago-based hotel management affiliate of Oxford Capital Group, is rebranding Hotel Essex, the luxury lifestyle hotel located… Read more
Meridian Arranges Refi on Geothermal Mixed-Use in Lakeview
Meridian Capital Group arranged $57 million in financing to refinance The Residences at Eagle Building, a newly constructed, mixed-use, geothermal property in… Read more
Colliers’ Devine and Disse Sell Aurora Industrial for Sterling Bay Partnership
Colliers Chicago’s Jeff Devine and Steve Disse represented a partnership between Sterling Bay Industrial, Development Resources, Inc., and Levy Family… Read more
Chicago Business Leaders Take More Positive View of Region’s Economy
Chicago-area business leaders are taking a markedly more positive view of the local economy as COVID-19 vaccines spread throughout the… Read more
Can a Data Center Market Be Too Healthy?
The Phoenix data center market is almost exceedingly healthy, with demand outpacing supply, says Mark Bauer, JLL managing director. That… Read more
Infuse Opens Café at Beacon Capital’s 303 E. Wacker
Infuse Hospitality, a company that develops and manages hospitality amenities for offices and traditional retail spaces, has opened the “Luminary,”… Read more
Mixed-Income Rentals Launch Construction in Bronzeville
James McHugh Construction Co. and Brown & Momen, Inc. launched construction on 508 Pershing at Oakwood Shores, a 53-unit mixed-use, mixed-income rental community in the… Read more
Bridge Development Acquires Land for Phase III of Downers Grove Project
Bridge Development Partners has acquired a site at 5300 Belmont Road in Downers Grove, IL which will serve as the… Read more
Spain’s Riu Family Plans Streeterville Hotel Aimed at Wealthy International Travelers
A venture of RIU Hotels & Resorts plans to develop a 388-key hotel at 150 E. Ontario St. in Streeterville,… Read more
Benchmarking Report Shows Energy Efficiency, Cost Savings in Chicago Properties
The Lightfoot administration released the 2019 Chicago Energy Benchmarking Report, showing nearly $74 million in savings from energy reductions in… Read more