Illinois
Office-Using Tenants Look Past the Pandemic
If it seems as though you’ve been reading more stories about office leasing deals on Connect recently, it’s not a… Read more
IRR Sees Downtown Chicago Apartment Market Turning the Corner
Chicago’s downtown apartment market, which saw occupancies decline in the pandemic, is on the mend, Integra Realty Resources (IRR) says… Read more
Transwestern Expands Commerz Relationship with Second Leasing Assignment
Commerz Real, the asset and investment manager of German Commerzbank, selected Transwestern Real Estate Services (TRS) to provide leasing services for Fulton West,… Read more
Lightfoot Seeks Demolition Surcharge for 606, Pilsen Areas
Mayor Lori E. Lightfoot introduced an ordinance to Chicago City Council that would place a surcharge on permits for demolition… Read more
CBRE Adds Senior Financial Analyst to Downtown Team
CBRE Capital Markets Debt & Structured Finance group has hired Jim Ferris as a senior financial analyst on its Downtown… Read more
Altorfer Caterpillar Nears Completion of Three-Site Relocation
The Altorfer Caterpillar Dealership, based in Cedar Rapids, IA, will complete its major three-transaction relocation across Chicagoland this spring, moving its… Read more
Arlington Racecourse Comes to Market as Development Opportunity
A contiguous 326-acre redevelopment opportunity is coming to market at the current home of Arlington International Racecourse in Arlington Heights,… Read more
123 N. Wacker Lands $153M Refi
JLL Capital Markets arranged a $153-million refinancing for 123 North Wacker, a recently repositioned 550,000-square-foot office tower in Chicago’s West Loop. The team of… Read more
ERCOT Board Members Resign Following Power Crisis
Top board members of Texas’ embattled power grid operator, Electric Reliability Council of Texas (ERCOT), resigned this week. These resignations… Read more
Morgan/Olayan Partnership Snares 14,000-Unit MF Portfolio
A partnership of Morgan Properties and Olayan America has acquired a portfolio of 48 apartment communities and 14,414 units in… Read more
Suraj Desai Joins Black Bear Capital’s Chicago Office
Black Bear Capital Partners (BBCP) expanded its Chicago office with the addition of veteran real estate finance advisor Suraj Desai, who joins as a… Read more
Pilsen Multifamily Achieves High Per-Unit Price
Essex Realty Group finalized the sale of 1417 W. Cullerton St., a six-unit multifamily property located in the West Side’s… Read more
NASIS Acquires Triple-Net Walgreens
Los Angeles-based NAS Investment Solutions (NASIS) has acquired a Class-A, 14,833-square-foot Walgreens in Burbank, IL for an undisclosed sum. NASIS says the… Read moreDayton Street Makes Logistics Buy on Chicago’s South Side
Chicago-based Dayton Street Partners has acquired a 7.81-acre site with multiple high flow-through buildings totaling 66,154 square feet at 2217… Read more
Buildout Acquires Rethink; Will Integrate Product Suite
Buildout has acquired Rethink, a leading provider of commercial real estate dealmaking technology. As part of this acquisition, Chicago-based Buildout… Read more
Cinespace Chicago Snags Seven-Building Complex
Cawley Chicago recently closed the sale of 1901 S. Rockwell St. in Marshall Square on Chicago’s West Side. The facility… Read more
Interra Promotes Max Grossman to Director
Interra Realty promoted Max Grossman from associate broker to director. Grossman has brokered or assisted with more than $125 million in… Read more
Foxtrot Market Plans to Double Store Count After Series B Round
Upscale convenience store Foxtrot Market, headquartered in Chicago, has raised $42 million in a Series B fundraising round. The round… Read more
New JV to Focus on Mall & Lifestyle Center Sector
Frontline Real Estate Partners, Carr Realty Advisors LLC (CRA) and Stillwater Advisory Group have formed a new joint-venture, Frontline Real Estate Partners –… Read more