Illinois
CBRE Adds Two to Investor Services Leasing Group
Jon Cordell has been named EVP and Jason Houze First VP for CBRE in its investor services leasing group. Cordell… Read more
American Street Provides Bridge Loan on Alsip Multifamily
American Street Capital (ASC) secured a $10.92-million bridge loan for a 144-unit multifamily complex in Alsip, IL, about 25 miles southwest… Read more
CushWake: Higher Cook County Assessments Less Impactful Than Expected
Commercial property owners in Cook County have been bracing for higher tax bills – the expected outcome of a three-year reassessment led… Read more
Lightfoot Rolls Out Reforms to TIF Program
Mayor Lori Lightfoot on Wednesday announced a major overhaul of the city’s tax increment financing (TIF) approval and oversight process. The… Read more
AIA Brokers Sale of Value-Add Apartments Near Loyola U.
Apartment Investment Advisers (AIA) recently sold a 40-unit apartment building near Loyola University in the North Side’s Rogers Park neighborhood.… Read more
Cardinal Industrial Picks Up Iowa Amazon Warehouse
Sherman Oaks, CA-based-based Cardinal Industrial acquired a 346,062-square-foot fulfillment center in Iowa City, IA, that’s 100% leased to Amazon. Cardinal reportedly… Read more
Roscoe MOB Sells to Non-Traded REIT
Cushman & Wakefield represented owner Glen Rock Development, LLC in the $7.7- million sale of a three-tenant, 25,565-square-foot medical office… Read more
Andersonville Mixed-Use Trades to Investment Group
A 12-unit mixed-use building at 1657-1659 W. Foster Ave. in the North Side’s Andersonville neighborhood has traded for approximately $2.7… Read more
Buildout Begins for BofA Offices at Namesake Tower
Skender recently started interior construction of the 536,000-square-foot office relocation for Bank of America’s downtown Chicago offices. Relocating from its current… Read more
Ken Sacco Joins Avison Young from Accenture
Ken Sacco has joined Avison Young as a principal, based in Chicago. Sacco joins Avison Young from Accenture, and will advise… Read more
CA Ventures Puts Focus on Healthcare with New Division
CA Ventures, based in Chicago, launched a medical office and life sciences division, and appointed Russell Brenner as president of… Read more
LCN Sells Former Shopko Warehouse in Omaha
LCN Capital Partners sold the 535,000-square-foot former Shopko Distribution Center in Papillion, NE to Papillion Foods. Deal terms weren’t disclosed.… Read more
Prologis’ $13B Acquisition of Liberty Property Trust Completed
San Francisco-based Prologis, Inc. (NYSE: PLD), completed its all-stock acquisition of Liberty Property Trust (NYSE: LPT) for $13 billion. The transaction expands Prologis’… Read more
McShane Launches Build-to-Suit for Option Care
McShane Construction Company has begun construction of a 50,000-square-foot, build-to-suit facility for Option Care Health, Inc. in Itasca, IL. The… Read more
CoreSite Seeks Data Center Incentives Through IL Program
CoreSite Realty Corporation said Monday it’s pursuing a final incentive agreement related to its new ground-up data center development in… Read more
Essex Lists Apartments in Dorchester Arts District
Essex Realty Group’s Brian Mond and Associate Ben Bakula have listed 6800 S. Dorchester Ave. for $5,300,000. The 62-unit multifamily property is located… Read more
Higher-Income Renters Fuel Chicago’s Apartment Market
The number of Chicago-area renters earning $75,000 or more rose 38.8% between 2010 and 2018, says a national report from… Read more
MLL Capital Adds Four-State MOB Portfolio
Boston-based MLL Capital, focused on medical office, laboratory and life sciences properties, acquired four medical office buildings totaling 251,546 square feet… Read more
Dayton Street Promotes Moriarty to Acquisitions Director
Joe Moriarty has been promoted to director–acquisitions at Dayton Street Partners, a Chicago-based industrial and logistics real estate investment firm. In… Read more