Illinois
Chicago’s Massive Influx of Spec Industrial Poised for Quick Absorption
Buoyed by the continued growth of e-commerce, Chicago-area industrial developers added nine million square feet of supply in the third… Read more
City Council Okays Funding for Veterans Housing in Englewood
A 36-unit affordable housing development for veterans will be built in the South Side’s Englewood neighborhood through financial measures approved… Read more
Bridge Development Hires Hampshire’s LoBello as Ops Director
Bridge Development Partners hired Karen LoBello as director of operations. Working out of Bridge’s New Jersey office, LoBello will oversee the property management… Read more
Darwin Completes Elgin Sale and Leases
Darwin Realty recently completed a sale and two lease transactions in Elgin, IL, totaling over 218,000 square feet. Brokered by principal… Read more
JLL Income Property Trust Launches 1031 Offering
JLL Income Property Trust launched a 1031 tax-deferred exchange program designed to provide accredited investors with the opportunity to defer… Read more
AIA’s Cassin Expects Strong Demand for West Loop Rental Property
Apartment Investment Advisers (AIA) recently brought an 18-unit apartment offering to market in the West Loop. An asking price wasn’t available… Read more
Beacon Capital Under Contract for Tishman Speyer Tower
Beacon Capital Partners is under contract to pay around $230 million for the 40-story office tower at 190 S. LaSalle… Read more
Broadshore Times Exit from Naperville Apartment Hold
A joint venture of Broadshore Capital Partners and an investment client sold the 210-unit Fairways of Naperville apartment community in… Read more
City Council Enacts Chicago’s First Cannabis Zoning
Chicago’s City Council on Wednesday approved an ordinance that establishes the city’s first zoning regulations for the sale of adult-use… Read more
Interra Brokers Off-Market Deal in South Shore
Interra Realty brokered the off-market sale of 6901 S. Paxton Ave., a three-story, 50-unit building in the Jackson Park Highlands… Read more
Pebb Trades Student Housing Near U. of Kansas
Pebb Capital completed the sale of The Rockland in Lawrence, KS, near the University of Kansas, to NB Private Capital… Read more
SIOR Chicago, AIRE Host Howard Tullman at Fall Event
The SIOR Chicago Chapter partnered with the Association of Industrial Real Estate Brokers (AIRE) to host Howard Tullman, Chicago tech veteran and serial… Read more
Avison Team Markets Mission-Critical Industrial in Chicago, Toronto Metros
A 497,682-square-foot industrial portfolio with properties in the Chicago area and Guelph, Ontario, Canada, near Toronto, is being marketed by Avison Young on behalf… Read more
Duke’s Glendale Hts. Spec Industrial Lands Full-Building Tenant
Cawley Chicago principal Frank Melchert recently represented tenant Coda Resources on a 183,296-square-foot lease transaction at 990 North Ave. in… Read more
Skender Completes Spaces Buildout at Former Sports Authority
Skender, serving as general contractor, recently completed interior construction of the eight-story, 80,000-square-foot Spaces location at the former Sports Authority… Read more
Washington Prime Lands $117M Loan to Refi IL, IN and TX Centers
Washington Prime Group Inc. refinanced four of its open-air shopping centers in Illinois, Indiana and Texas. The Columbus, OH-based REIT… Read more
Office Leasing Reaches 10-Year High in Downtown Chicago
Chicago’s downtown office leasing activity reached a decade high in the first three quarters of 2019, with transactions totaling 7.8… Read more
Loop High-Rise Converts from Corporate to Luxury Rentals
200 Squared, the 42-story, 329-unit Loop high-rise at 210 N. Wells, is being converted from corporate housing to luxury apartments.… Read more
Grocery-Anchored Center on SW Side Trades in All-Cash Deal
Marcus & Millichap closed the sale of Park Shops, a 47,069-square-foot, grocery anchored center on the city’s Southwest Side. The… Read more