Illinois
Buildout’s New Investing Partner Fuels Further Growth Plans
Brokerage software company Buildout has announced today that they secured a new investing partner in The Riverside Company. This new… Read more
Pacific Oak Acquires 196 SFRs in Chicago Metro
Pacific Oak Residential Trust, Inc., a wholly owned subsidiary of Pacific Oak Strategic Opportunity REIT, said it had acquired a portfolio… Read more
Marshall Bennett Institute Adds Six New Instructors
The Marshall Bennett Institute of Real Estate at Roosevelt University (MBIRE) announced today it has expanded course offerings and added six new instructors –… Read more
Q&A with Project Management Advisors’ Roger McCarron on the Evolving Role of the Commercial Real Estate Project Manager
The complexity of the commercial development process was already increasing even before 2020 complicated nearly every aspect of a real… Read more
Manulife Names RE Asset Management Director for Midwest
Christine Choi Moore has been named appointed Manulife Investment Management’s director, real estate asset management for the Midwest. The appoint is effective immediately. Moore has… Read more
Calatrava Sculpture Coming to River Point Park
River Point partners Ivanhoé Cambridge, Hines and Levy Family Partners announced the installation of Constellation, the Calatrava sculpture for River Point… Read more
Georgia Nut Cracks Open 123K-SF Renewal
Colliers International | Chicago’s Chris Volkert represented Georgia Nut Company, manufacturers of nuts and candy since 1945, in its 123,000-square-foot renewal… Read more
Berkadia Arranges Sale and Financing on Laredo Multifamily
Berkadia arranged the sale and financing of Lago del Mar Apartments, a 260-unit garden-style apartment community in Laredo. Senior managing director… Read more
Interra Brokers Deal for New-Build River North Rentals
Interra Realty brokered the $9.58-million sale of 943 N. Crosby St., a 27-unit rental community in River North. The price per… Read more
Chicago Multifamily Lending Holds Surprisingly Steady
Chicago multifamily lenders have seen fewer significant changes to lending conditions than might be expected during the COVID-19 pandemic and… Read more
CBRE Advises on Sale of Hoffman Estates Marriott
CBRE Hotels acted as advisor for the seller on the recent sale of the Marriott Chicago Northwest located in Hoffman… Read more
Potbelly Brings in QSR Veteran Wright as CEO
Potbelly Corporation, headquartered in Chicago, named Robert D. Wright as president and CEO, succeeding Alan Johnson. A 30-year veteran of the… Read more
Fifield Unveils Name for River West Apartments Due This Fall
Fifield Cos. announced the name Westerly for its development at 740 N. Aberdeen St. in River West. Opening this fall, the 11-story… Read more
Lightfoot Reinstates Some Restrictions as COVID Cases Return
The Lightfoot administration will re-tighten COVID-19 restrictions for bars, restaurants, gyms and personal services as a precaution due to a… Read more
Monroe, Pearlmark Provide Mezz Debt on Sterling Bay/Magellan Tower
Monroe Capital’s Opportunistic Private Credit group said it closed on a $24.5-million mezzanine loan for the development of 300 N.… Read more
Pathway to Living Opens La Grange Facility
Pathway to Living, the seniors housing arm of Chicago-based Waterton, has opened Aspired Living of La Grange. The 117-unit, 118,583-square-square-foot… Read more
Merchants Capital Names National Head of Production
Mortgage banking company Merchants Capital has hired Dwayne George as EVP, national head of production. He’ll lead Merchant’s sales offices in New York,… Read more
Vacancies Rise 100 BPs in Chicago CBD
Chicago’s CBD reported 925,008 square feet of negative net absorption in the second quarter of 2020, according to Colliers International’s… Read more
Conor Signs E-Commerce Tenant to Full-Building Lease
Conor Commercial Real Estate has finalized a full-building lease with one of the world’s largest e-commerce retailers at Last Mile… Read more