Illinois
Bridge Development, PGIM RE JV on Cold Storage
Bridge Development Partners LLC and PGIM Real Estate launched a $150-million national cold storage investment program, targeting $400 million in assets. The… Read more
Greenstone Closes on Sale of Armitage Ave. Mixed-Use
Greenstone Partners closed on the sale of 907 W. Armitage Ave., a 4,800 square foot mixed-use building in Lincoln Park,… Read more
US Foods Inks Chicago Suburbs’ Biggest Office Lease Since ‘17
US Foods renewed its 275,000-square-foot lease at Riverway in Rosemont, IL, where it has been a tenant since 2005. It’s… Read more
Cinergy Entertainment Taps JLL for Expansion Assistance
Cinergy Entertainment Group Inc. is expanding from its Texas and Oklahoma locations, with plans for a stronger national presence. The… Read more
Investors Warm Up to Cold Storage Deals
As online grocery sales continue to proliferate, investors increasingly are warming up to the U.S. cold storage warehousing sector, pushing… Read more
Chicago Leads Nation in MOB Absorption, Deliveries
Chicago leads the nation for net absorption and deliveries of medical office product through the second quarter, CBRE says in a… Read more
Concourse Chicago Complex Launches Spec Suites
Berger Asset Management and NAI Hiffman’s Steve Chrastka and Jason Wurtz recently launched a spec suites and shared office program… Read more
Six Finalists Emerge for $10M Prize to Boost Local Development
Six teams representing Chicago’s South and West Sides, were selected as finalists for the Chicago Prize, a $10-million grant being… Read more
Colliers’ Ron Behm Wins SIOR Chicago President’s Award
The Chicago chapter of SIOR recently honored Colliers International I Chicago’s Principal Ron Behm, SIOR, with the 2019 Richard G. Levy President’s… Read more
Experts Eye 2020 Trends in Chicago Multifamily
Yardi Matrix forecasts healthy absorption and solid rent growth in Chicago through 2020, and Midwest real estate experts assembled by… Read more
Walker & Dunlop Grows Capital Markets Team in Chicago
Walker & Dunlop expanded its debt brokerage team in the Midwest, adding managing directors Tim Noonan and Dave Hendrickson, and SVP Patrik Modig.… Read more
Draper and Kramer Tops Off at South Loop Apartments
Draper and Kramer topped off its new 24-story, 275-unit apartment tower in the South Loop. Called Aspire Residences, the transit-oriented… Read more
Transwestern Enters Des Moines with Portfolio Assignment
Transwestern Commercial Services has been tapped for its first engagement in Des Moines, IA, where it will manage the Ruan… Read more
Multi-Tenant Retail Trades in Homewood
Avison Young recently completed the $1.225-million sale of a 6,510-square-foot multi-tenant retail property at 17925 S. Halsted St. in Homewood, IL.… Read more
Preylock Picks Up Bellevue Campus for $117M
Los Angeles-based Preylock Real Estate Holdings acquired 90 North, a four-building, 256,703-square-foot office campus in Bellevue, WA for $117 million.… Read more
$12M Loan Obtained for Cedar Ridge Townhomes Buy
Hunt Real Estate Capital provided Fannie Mae DUS conventional acquisition financing of $12 million for the 124-unit Cedar Ridge Townhomes… Read more
Apartment Developers Get Revved Up Over Electric Scooters
It’s happening overseas in cities such as Sofia—where they hold Black Friday sales the day after a holiday that Bulgaria… Read more
BentallGreenOak Fund Trades Downers Grove Offices
JLL closed the $128.5 million sale of 3500 Lacey Rd., a 583,982-square-foot, Class A office tower in Downers Grove, IL.… Read more
Ohio State Medical Expands MOB Footprint with Atkins
Ohio State University Wexner Medical Center has inked an expansion for 12,000 square feet of medical office space at Atkins… Read more