Illinois
Top Broker Honorees: Quantum Real Estate Advisors
Chad Firsel leads Quantum Real Estate Advisors, a boutique retail investment sales brokerage team that also includes Daniel Waszak, Zackary… Read more
Jackson Dearborn Hires Director of Acquisitions
Jackson Dearborn Partners (JDP), a real estate investment and development company based in Chicago, hired Todd Giampetroni as director of acquisitions and… Read more
Army Corps Will Turn McCormick Place into Makeshift Hospital
McCormick Place, the nation’s largest convention facility, will be turned into a makeshift hospital to treat COVID-19 victims, the Army… Read more
Lightfoot Shuts Down Waterfront Park Spaces to Enforce Stay-at-Home Order
Mayor Lori Lightfoot shut down Chicago’s Lakefront, Riverwalk and 606 trails, closing these spaces to the public until further notice.… Read more
Lakeview Retail Sells for Current Income or Redevelopment
Colliers International | Chicago EVP Peter Block represented Zimmerman Family Trust in its sale of 3101 N. Clark St., a… Read more
United Center Will Be Used as Distribution Hub in COVID-19 Fight
The city of Chicago will repurpose the United Center, home of the Bulls and Blackhawks, and its surrounding parking lots… Read more
Bannockburn Offices Sell with Value-Add Potential
Colliers International | Chicago SVPs John Homsher and Alissa Adler represented North Shore OpCo LLC in its sale of Bannockburn Office Court,… Read more
Equity Residential Implements COVID-19 Guidelines on Renter Relief
Equity Residential (EQR) said Tuesday it supports the plan put forth by the National Multifamily Housing Council to mitigate the… Read more
AIA Sells Lincoln Square Apartments, Brings More to Market
Apartment Investment Advisers (AIA) recently closed the sale of a nine-unit mixed-use building in the North Side’s Lincoln Square neighborhood,… Read more
City of Chicago to Rent Out Hotel Rooms for COVID-19 Patients
With a view toward easing the strain on hospitals, as well as helping to slow the spread of the coronavirus,… Read more
Marcus & Millichap’s Weinstock to Lead Self-Storage Platform
Steven D. Weinstock has been named national director of Marcus & Millichap’s Self Storage Division. The division provides commercial real… Read more
Midwest Industrial Signs Equipment Maker to HQ Lease
Midwest Industrial Funds recently completed a long-term lease with Skyjack Equipment for 102,467 square feet at 2525 Enterprise Cir., West… Read more
Nonprofit Expands to 61K SF in Central Loop Relocation
Feeding America is relocating its headquarters to 61,324 square feet at 161 N. Clark in Chicago’s Central Loop. The relocation… Read more
Houston-Area Dine-In Theatre Chain Trades to CMX
Miami-based CMX Cinemas, a wholly-owned subsidiary of Mexico-based Cinemex, said it would acquire Star Cinema Grill, an upscale dine-in movie theatre… Read more
SIOR Recognizes Top Deals, Dealmakers of 2019
The Society of Industrial and Office Realtors (SIOR) announced its Top Transactions Award Winners of 2019. The Washington, D.C.-based group… Read more
Investor Interest Turns the Midwest into a Multifamily Hot Spot
By Paul Bubny Few regions of the U.S. have seen quite the uptick of investor interest that the Midwest has… Read more
COVID-19 Restrictions Mean 63% Drop in Loop Footfalls
Pedestrian traffic in the Loop declined by 63% between March 10 and March 17, and by 42% year-over-year during St.… Read more
Coworking Company Convene Closes Boston Location Amid COVID-19 Outbreak
Coworking company Convene has closed its location in downtown Boston in response to the ongoing outbreak of COVID-19. The New… Read more
Ventas Withdraws 2020 Guidance in View of COVID-19
Ventas Inc. said Tuesday it was withdrawing its 2020 guidance while carefully monitoring the impact of the COVID-19 pandemic, and… Read more