Illinois
Dwelle Acquires West Loop Apartments in “COVID-Era Deal”
Dwelle acquired a rental complex at 1247-1249 W Madison St. in Chicago’s West Loop for $32,800,000, or $420,513 per unit.… Read more
Great Lakes Dredge Plans HQ Move to Houston
Great Lakes Dredge & Dock Co. plans to move its corporate headquarters to Houston from Oak Brook, IL. The relocation… Read more
Lakeview Rentals Listed for First Time in 30 Years
Essex Realty Group’s Steve Livaditis and Jacob Goldstein have listed a nine-unit apartment property at 3415 N. Elaine Pl. in… Read more
Grocery-Anchored Retail Lands $16M Loan
JLL Capital Markets arranged $15.68 million in financing for Red Top Plaza, a 147,840-square-foot, grocery-anchored retail center in Libertyville, IL. The firm… Read more
NEMA Chicago Begins Leasing Bigger Apartments
Crescent Heights’ NEMA Chicago introduced the Skyline Collection of two- to four-bedroom apartments on floors 49 through 76. With its… Read more
Pritzker: Illinois in ”New Wave of COVID-19”
Gov. JB Pritzker tweeted Sunday that ”We’re in a new wave of COVID-19 here in Illinois and across the nation.… Read more
San Antonio EDF Names VP of Business Development
The San Antonio Economic Development Foundation hired Ashley Gossen as VP of business development. The San Antonio Business Journal reported… Read more
Vantage Builders Promotes Gutierrez to Sr. Project Manager
Waltham, MA-based Vantage Builders promoted Carlos Gutierrez to senior project manager. Gutierrez, who joined Vantage in 2018, will be responsible… Read more
Donahue Schriber Names Michael Glimcher Chair, CEO & President
Costa Mesa-based Donahue Schriber Realty Group hired Michael Glimcher to replace retiring executives Patrick S. Donahue, Chairman and CEO, and… Read more
Transwestern to Lease Up Office Space at Apartment Tower
Transwestern Real Estate Services was selected by Onni Group to provide leasing services for 70,000 square feet of office space within THREE Old… Read more
Why Is this Recession Different? For One Thing, Land Sales for Residential Development Are Up
By Dan Spiegel, Coldwell Banker Commercial What is driving these anomalistic land sales for residential development? Since February, the U.S.… Read more
Landmark Art Deco Tower Will Become Chicago’s First Pendry Hotel
California-based Montage International acquired the landmark Carbide & Carbon Building at 230 N. Michigan Ave. and will renovate the Art… Read more
ML Leases 68K SF to Shipping Tenant
ML Realty Partners has added Bestway Transport, Inc. to its tenant roster. Bestway Transport has leased 67,932 square feet of warehouse space at… Read more
U.S. Jobless Claims Drop, California Reports Largest Increase
The U.S. Labor Department reported on Thursday that the number of Americans filing initial claims for unemployment insurance dropped to… Read more
Zell Sees Economic Risk in Rising U.S. Debt
Sam Zell said Thursday that he’s worried about trillions of dollars in stimulus spending by Congress and a resulting rise… Read more
Ravenswood Mixed-Use Trades to Local Buyer
Essex Realty Group arranged the sale of 4401-4407 N. Mozart St., a 19-unit mixed-use property in the North Side’s Ravenswood… Read more
Dale Todd Joins Stream in Industrial Development Division
Stream Realty Partners hired Dale Todd as senior director of Stream’s Industrial Development Services Division. Todd will be based out of Stream’s Dallas… Read more
Lightfoot Aims to Close $1.2B Gap with “Recovery” Budget
Mayor Lori Lightfoot on Wednesday presented a $12.8-billion 2021 Budget to Chicago City Council. The mayor proposed a “modest” $94-million… Read more
Skender Wraps Headquarters Build for IDEX
Skender, serving as general contractor, recently completed interior construction of the 40,000-square-foot global headquarters for IDEX Corporation, a specialty industrial machinery… Read more