Illinois
Sparse Attendance Pushes Navy Pier to Close Until Spring
One of Chicago’s signature tourist attractions, Navy Pier will implement a temporary pier-wide closure the day after Labor Day and… Read more
Associated Bank Provides Loan for South Shore Multifamily Deal
Associated Bank recently completed a $1,360,000 loan for 312 Properties for the acquisition of a three-story, 13-unit residential building. The… Read more
Chicago Bears Rule Out Allowing Fans at Home Games
The Chicago Bears will keep fans out of home games indefinitely. The NFL franchise announced the decision Monday, after discussions… Read more
Rent the Runway Shifts from Retail Stores to Drop Boxes
Clothing subscription company Rent the Runway will close all of its retail stores, including its Union Square flagship. Rent the Runway… Read more
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