Illinois
Yelp Puts Nearly Half Its Chicago Space on Sublease Market
Online review company Yelp listed nearly 60,000 square feet on the fourth floor at Vornado Realty Trust’s theMart for sublease, Crain’s Chicago Business… Read more
Hospitality Property Trades in Streeterville
A single-tenant freestanding hospitality property was sold to a German investor at 164 E Grand Ave in downtown Chicago’s Streeterville neighborhood. Scott R. Maesel and Drew… Read more
Marcus & Millichap Handles Auction of Blue Island Multifamily
Marcus & Millichap announced a Feb. 16 bid deadline for the court-supervised auction of Blue Station Apartments, a 347-unit multifamily asset in Blue Island, IL.… Read more
CEDARst Begins National Expansion Plans on the West Coast
Chicago-based CEDARst Companies continues its national expansion efforts with two ground-up multifamily development projects totaling $144.5 million in San Diego… Read more
AI Security Firm Expands in Loop Relocation
CBRE recently represented Drift Net Securities in a 23,361-square-foot lease at 70 W. Madison St. in the Loop. The AI… Read more
Ventas Closes $2.75B Credit Facility
Chicago-based healthcare REIT Ventas, Inc. closed a new four-year $2.75-billion unsecured credit facility. The facility was substantially oversubscribed, with strong… Read more
Deconversion Deal Goes Through on Second Try
Kiser Group advised the Estes Villa Condominium Association through a Section 15 deconversion sale. The 16-unit, circa-1930 building at 2641… Read more
Midwest Industrial, PCCP Plan Spec Project in Palatine
Midwest Industrial Funds and its joint venture partner, PCCP, recently purchased a 25-acre site for redevelopment at 150-200 Sellstrom Dr. in Palatine, IL.… Read more
City Council Enacts Anti-Deconversion Bills for Pilsen, 606
Chicago City Council passed two anti-deconversion ordinances, one for Pilsen on the West Side and one for the immediate areas… Read more
Sam Zell Expects Rebound for Office, Hospitality and Big-City Multifamily
Chicago’s own Sam Zell sees the future of certain commercial property sectors clouded by possible oversupply, but not so much… Read more
Dual-Tenant Berwyn Retail Trades in 1031 Deal
Marcus & Millichap completed the sale of a 7-Eleven | Starbucks retail property in Berwyn, IL. The asset sold for $5,400,000, or $1,058.82 per… Read more
Historic Congress Theater Comes Back to Market
Frontline Real Estate Partners has the listing for the historic Congress Theater at 2217-2139 N. Milwaukee Ave. in the North… Read more
Underpinning the Pandemic, Another Malady: Municipal Finances
COVID-19 and the resulting economic downturn made a considerable impact in many areas of the U.S. economy during 2020, but… Read more
Cargo Expansion at O’Hare Gets Its Wings with City Council Approval
The Chicago City Council approved a lease agreement between the city and Aeroterm, giving the green light to expand the… Read more
Waterton Hires Director of Research and Strategy
Chicago-based Waterton hired Lee Everett as director of research and strategy. With nearly15 years’ experience and a track record of… Read more
RIA Relocates Offices to The Franklin
Brownson, Rehmus & Foxworth (BRF), a Chicago-based Registered Investment Advisor, has signed one of 2021’s first relocation leases in the… Read moreUnited Airlines Downsizing Willis Tower Footprint
United Airlines is giving up about 150,000 square feet of its 850,000-square-foot Willis Tower headquarters space, according to the Chicago… Read more
We’re Looking for More of the Industry’s Top Brokers
Although response to date has been positive for our fourth annual call for Top Broker Award nominations, we’re looking for… Read more
Newmark Closes $100M Manufactured Home Deal
Newmark arranged the sale of the Midwest MHC Portfolio, a 21-property, 2,789-site manufactured home community portfolio located throughout Illinois, Indiana,… Read more