Illinois
Lisa Krumwiede Joins ML Realty as Asset Management Lead
Lisa Krumwiede has joined ML Realty Partners as director of asset management. Krumwiede will oversee portfolio operations and negotiate leases… Read more
Kiser Group Completes Portfolio Deal in Portage Park
Kiser Group brokered a three-building, 36-unit portfolio located in the North Side’s Portage Park neighborhood. The portfolio included 3905-11 N.… Read more
Pritzker Unveils “Region-by-Region” Reopening Plan
Gov. JB Pritzker on Tuesday announced Restore Illinois, a five-phase plan to reopen the state’s economy. It establishes four health… Read more
Skender Finalizes Build of Crystal Lake Senior Living
Skender recently completed construction on Residences of Crystal Lake, an affordable, independent senior living facility in Crystal Lake, IL. It’s… Read more
Sharko/Weisenbeck Team Makes Fast Work of Restaurant Deal
Marcus & Millichap arranged the sale of a net-leased Church’s Chicken in the South Side’s West Englewood neighborhood. The property… Read more
$6B Michael Reese Redevelopment Plan Takes Shape
A team led by Farpoint Development intends to show its $6-billion plan for redeveloping the former Michael Reese Hospital site… Read more
Fed Leaders See Slow and Uneven Recovery
The U.S. economy could start to recover in the second half of 2020 after what’s shaping up to be the… Read more
Two Food Processing Plants Trade to Provender
Newport Beach, CA-based Provender Partners, specializing in food-related industrial real estate, has acquired two facilities in the Chicago suburbs. They… Read more
Common Launches Brand for Workforce Renters
Co-living developer Common has launched its new workforce housing brand, Noah Living, in partnership with Outlier Realty Capital. The brand… Read more
Quantum Brokers Sale of CVS in Tinley Park
Quantum Real Estate Advisors brokered the sale of a single-tenant CVS at 9551 171st in Tinley Park, IL. The 14,421-square-foot… Read more
Care Facility at McCormick Place Will Be Phased Out
As a marker of progress in containing the coronavirus pandemic, Chicago Mayor Lori Lightfoot and Illinois Gov. JB Pritzker jointly… Read more
Call Goes Out for Design Team on Discovery Partners Institute
COVID-19 or no, the Discovery Partners Institute (DPI) project at the University of Illinois is advancing. The state’s Capital Development… Read more
Equity Commonwealth Says 98% of April Rents Were Paid
Equity Commonwealth (EQC) said Monday that 98% of contractual April rents had been collected in its same-property portfolio. The total… Read more
Waterton Hires VP to Oversee Data Management
Waterton, headquartered in Chicago, has hired Christopher Kersten as VP, reporting and business intelligence. He brings 15 years’ data management… Read more
Elgin Offices Sell for Headquarters Use
Colliers International | Chicago SVPs John Homsher and Alissa Adler represented an institutional client in the sale of a 31,320-square-foot, single-story… Read more
Groupon Puts Half Its Headquarters Space Up for Sublease
Groupon has put 150,000 square feet, about half its headquarters space at 600 W. Chicago Ave., on the market for… Read more
Beverage Distributor Commits to 419K SF at Bridge Point 78
Mark Anthony Brewing, a leading producer and distributor of fine wine, premium beer and ready-to-drink beverages, has signed a lease… Read more
Evanston Will See First Office High-Rise in 20 Years
Vermilion Development’s planned 210,000-square-foot, 18-story office development in Evanston, IL has gotten approval from Evanston’s City Council. The Class A… Read more
Hines Opens Upper Floors at Wolf Point East
Wolf Point East, an apartment tower within the Wolf Point mixed-use development, has introduced the Lake Collection on floors 41… Read more