Illinois
Holidays Brought More Pedestrian Traffic to the Loop
Chicago Loop Alliance’s monthly report of survey data from member businesses showed that pedestrian activity increased in December, likely due to holiday shopping… Read more
Westcore Wraps Up 2020 with 4M-SF National Logistics Portfolio Purchase
San Diego-based Westcore, acquired a 4.08-million-square-foot industrial real estate portfolio over nine major markets across the nation. Westcore purchased the… Read more
Nonprofit Tenant Specialist Gregg Witt Joins Cresa
Gregg Witt has joined Cresa as a principal with the Chicago office, Witt will lead the firm’s local Nonprofit Practice Group… Read more
Tishman Speyer Names Leasing Lead for Chicago, Midwest
Adam Mitchell has joined Tishman Speyer as managing director of leasing for the Midwest region, based in Chicago. He joins… Read more
Chicago Tribune Will Exit Downtown After Nearly a Century
The Chicago Tribune and its parent company will relocate from Prudential Plaza at the end of January, the Tribune’s Ryan… Read more
Schaumburg Office Complex Trades to the Equitable Funds
Remington Office Court, an office complex located at 1305-1375 Remington Rd. in Schaumburg, IL, recently sold for an undisclosed sum. Olivia… Read more
Greenstone Sells West Loop Development Site
Greenstone Partners sold a development site at 627 West Randolph Street in Chicago’s West Loop, representing the seller and procuring… Read more
Auburn Gresham Health Hub Lands TIF Assistance
A vacant, four-story building in the South Side’s Auburn Gresham neighborhood will be redeveloped as a healthy living hub through… Read more
DPIMC Elevates Grumhaus to Presidency
Duff & Phelps Investment Management Co. announced today that David D. Grumhaus, Jr., who had been co-CIO with Nathan I. Partain, CFA, has… Read more
ASC Lines Up Acquisition Loan for Burbank Multifamily
American Street Capital (ASC) secured a $10.24 million acquisition loan for a multifamily community located in Burbank, IL. The loan was… Read more
Albertsons Pilots Automated Pickup Kiosk in South Loop
Albertsons Companies said Thursday that it’s the first American grocer to pilot an automated and contactless grocery PickUp kiosk. The… Read more
Haven Realty Snags DRC Community in Naperville
Haven Realty Capital added to its single-family rental portfolio with the $18.5-million acquisition of Ashwood Place, a newly constructed 60-home dedicated rental community… Read more
Realterm, JPMorgan Team on 28-Market Logistics Portfolio
(Updated with additional information) Realterm and J.P. Morgan Asset Management (JPAM) entered a joint venture to acquire a 1.75-million-square-foot logistics portfolio… Read more
Avison’s Chicago Office Adds Operations Manager
Samantha Fonda has joined Avison Young as the operations manager for the Chicago region. She’ll be responsible for defining operational policies; identifying, hiring… Read more
Commerz Real Taps Transwestern to Lease Up Central Loop Landmark
Transwestern Real Estate Services (TRS) was selected by Commerz Real, asset manager of German Commerzbank, to provide exclusive leasing services for The National – 125 S. Clark, a 20-story,… Read more
JV Plans to Acquire $500M of MOB and Ambulatory Assets
The leaders of a newly formed medical office building (MOB) investment platform, MedCraft Investment Partners (MIP), say they plan to… Read more
First Hospitality Names VP of Business Development
First Hospitality, a Rosemont, IL-based hotel management, acquisition, development, and consulting company, announces the appointment of Jordan Bernstein as VP of… Read more
Walgreens Divests Pharma Wholesale Business for $6.5B
Walgreens Boots Alliance, headquartered in Deerfield, IL, will sell the majority of its Alliance Healthcare wholesale businesses to AmerisourceBergen for… Read more
Avison Young Bolsters Chicago Team with JC Griffin
Avison Young hired JC Griffin as a senior broker in the firm’s downtown Chicago office. He’ll focus on executing investment management transactions and… Read more