Illinois
ACRE Provides $69M Refi on Cincy MXU
Global real estate private equity and debt firm Asia Capital Real Estate (ACRE) has provided $68.5 million of floating-rate debt for the refinance of City Club Apartments, also… Read more
Chicago Could Add 220M SF of Industrial Space by 2025
With the expansion of e-commerce, demand for industrial distribution space will continue to increase, and Chicago’s projected to add up… Read more
Gardner Capital Completes First Chicago-Area Seniors Complex
Gardner Capital recently completed a senior living complex in in West Dundee, IL. Offering affordable housing, the 61 units at Spring Hill… Read more
Lincoln Park Apartments List for First Time Since 1977
Essex Realty Group has listed 822 W. Wrightwood Ave., a Lincoln Park multifamily property available for the first time since… Read more
Lightfoot Unveils New Anti-Looting Plan
The Lightfoot administration on Friday announced a new plan to protect Chicago’s commercial corridors, neighborhood businesses and communities from the… Read more
Mosaic Construction Adds Two to Team
Chicago-based Mosaic Construction, LLC has added Neil Power as production manager and Jared Maurer as project manager. Between them, Power and Maurer bring more than… Read more
Baker Tilly to Merge with California CPA Firm
Chicago-based accounting and advisory firm Baker Tilly US, LLP and Squar Milner, LLP, among the largest California-based independent accounting firms,… Read more
Dermody Promotes Tyler Scheppmann to SVP
Tyler Scheppmann, based in Chicago, has been promoted to SVP of investor relations at Dermody Properties. Scheppmann will take on additional… Read more
JV of Shvo, Deutsche Finance Closes on $376M “Big Red” Deal
The joint venture led by Shvo and Deutsche Finance America finalized the $376-million acquisition of 333 S. Wabash Ave., formerly… Read more
Master-Planned MXU in Western Suburbs Secures Bridge Loan
JDI Loans LLC, an affiliate of JDI Realty LLC, closed a $6.65-million bridge loan to Convergence Brass LLC, secured by… Read more
Berkadia Arranges Sale of Omaha Apartments to Centennial Capital
Berkadia recently finalized the sale of Steeplechase on Maple, a 314-unit garden-style multifamily property in Omaha. The sale price was undisclosed.… Read more
Draper and Kramer Launches Construction in Wrigleyville
Draper and Kramer, Incorporated launched construction on a seven-story, 120-unit mixed-use development at 949 W. Dakin St. in the North Side’s… Read more
JLL Assembles Site for Massive E-Commerce Center in Markham
JLL revealed its involvement in the largest Chicago-area industrial deal represented by a brokerage firm. The tenant, a major e-commerce… Read more
AIA Arranges Pair of Lakeview Apartment Deals
Apartment Investment Advisers (AIA) recently closed the sale of two apartment buildings in the Lakeview neighborhood on Chicago’s North Side. … Read more
Building Congress Urges Steps to Capture Parks’ Real Estate Value
Increasing NYC Parks Department’s expense budget and giving businesses more open space are among the recommendations the New York Building… Read more
ALA’s New Headquarters Completes Buildout
Skender, serving as general contractor, recently completed interior construction of the 55,000-square-foot Chicago headquarters of the American Library Association (ALA),… Read more
Oak Brook Board Nixes Multifamily Component of McDonald’s Campus Revamp
Plans to redevelop the former McDonald’s corporate campus in Oak Brook, IL suffered a setback when the Oak Brook Village… Read more
Partnership Will Develop 400-MW Solar Project
J-POWER USA Development Co., Solar Plus Development, Avondale Solar and AP Solar Holdings LLC have agreed to jointly develop Charger Solar, a 400-megawatt… Read more
Proper Title Adds 10th Chicagoland Closing Office
Proper Title LLC has opened a new office at 552 S. Washington St. in Naperville, IL to accommodate its growing… Read more