Illinois
Sears Parent Offloads Last-Mile Business to Costco for $1B
Costco has acquired Innovel Solutions, the middle-mile and final-mile delivery and installation business owned by Sears parent Transform Holdco (TFCO),… Read more
Construction on $250M Navistar Facility Delayed Amid COVID-19 Concerns
Navistar International Corp. pushed back the groundbreaking for its planned $250-million truck assembly facility in south San Antonio, due to… Read more
Pritzker Applies for SBA Disaster Assistance Program
Following his issuance of a disaster proclamation, Illinois Gov. JB Pritzker said Tuesday his administration would file for statewide eligibility… Read more
JLL Lines Up Debt and Equity for Evanston Seniors Project
JLL Capital Markets arranged construction debt and joint venture equity for the development of Trulee Evanston, a 163-unit luxury seniors housing property… Read more
Pritzker Limits Gatherings to 50 as COVID-19 Cases Increase
Illinois Gov. J.B. Pritzker on Monday ordered that the size of all gatherings statewide be limited to no more than… Read more
Convene Shutters All Locations Through March 31
Flexible-office and meeting-space provider Convene has temporarily closed all locations across Manhattan and five other cities in response to the… Read more
Fern Hill Plans Boutique Hotel Along Motor Row
A venture led by Nick Anderson, formerly of Related Midwest, paid nearly $6.3 million last month for a property at… Read more
Pritzker Orders IL Bars, Restaurants Closed to Dine-In Customers
Illinois Gov. JB Pritzker on Sunday ordered all bars and restaurants statewide to close for two weeks as of the… Read more
Lee IL Arranges Industrial Deals in Elk Grove Village
Lee & Associates recently closed two industrial transactions in Elk Grove Village, IL. The first was the sale of a 24,350-square-foot industrial building… Read more
NHPF Reopens Historic Mark Twain SRO
City officials joined with the NHP Foundation (NHPF) recently to reopen the renovated and restored Mark Twain. The historic property… Read more
IREM Chicago Recognizes Excellence with Annual Awards
Two companies and four individuals were recognized for excellence and outstanding contributions to the property management industry March 6 during… Read more
Penn National Suspends Ops at Midwestern Casinos for 2 Weeks
Amid coronavirus concerns, Penn National Gaming said Friday it would temporarily suspend operations at its casinos in Illinois, Indiana and… Read more
TruAmerica Pays $54M to Buy 306-Unit Mission Springs Apartments
TruAmerica shook hands with 29th Street Capital of Chicago to acquire Mission Springs Apartments, a 306-unit multifamily asset in Tempe,… Read more
JLL Rolls Out Pre-Curated Workspaces to Fight the Office Blahs
In the interests of helping corporate tenants overcome the workplace blahs, JLL is bringing three distinctly pre-curated workspaces, dubbed “JLL’s office design… Read more
CBOT Building Lands $256M Refi
Oaktree Capital Management and GlenStar Properties secured a $256-million refinancing for their 141 W. Jackson, a two-tower property known as… Read more
Colliers’ Lynn Reich on 40 Years in Industrial: “It’s Been a Real Ride”
“It’s been a real ride,” Colliers International EVP Lynn Reich said of her four decades in commercial real estate. Reich,… Read more
Essex Markets 30-Unit Apartel in the Loop
Essex Realty Group is marketing The Plymouth at 417 S. Dearborn St. in the Loop, with an asking price of… Read more
Sheba Med Center Will Anchor Health Tech Hub at Michael Reese Site
Sheba Medical Center of Tel Aviv will anchor a health and wellness innovation hub that will serve as the first… Read more
Naperville Offices Trade at High Price-Per-Square-Foot
Cawley Chicago VP Ryan Freed recently completed the sale of 651 Amersale Dr., a 7,800-square-foot, free-standing office building in Naperville,… Read more