Illinois
Hospitality REIT Snaps Up Kimpton Hotel in River North
Newly-rebranded REIT Service Properties Trust completed the purchase of the 261-room Kimpton Palomar Hotel in River North for $55 million,… Read more
JLL Closes on Sale, Fannie Mae Financing
JLL closed the $25.7-million sale and $20.56-million financing of Central Park and Governor’s House Apartments, totaling 316 units and located… Read more
Wight & Co. Elevates Shawn Benson to Director
Wight & Company promoted Shawn Benson to director of land development. In his new role with the Chicago-based design and… Read more
Navy Pier Flyover Completion Delayed, Now Targeted for 2020
Completion of the Navy Pier Flyover has been pushed back to late spring of 2020, according to the Chicago Department… Read more
NorthMarq Arranges Debt and Equity on Cincy Seniors Project
Noah Juran with NorthMarq’s Cincinnati office secured $24 million in debt and equity financing for Airy Hills at North Bend Crossing. The… Read more
Signal Hill Retail Center Trades Hands
Phoenix-based BIG Shopping Centers USA, Inc. sold Towne Center East, a fully-leased, 154,750-square-foot retail center in Signal Hill, CA. The… Read more
Joe Sandhu Joins Logistics Property Co. in Seattle
Chicago-based Logistics Property Company, LLC (LPC) expanded its leadership team with the addition of Joe Sandhu, a veteran commercial real… Read more
Scion Rolls Out Student Housing Brand Family
The Scion Group has introduced what the locally-based company says is the first complete national brand family in the student… Read more
Flex Office Owner Seeks to Sell in Detroit Metro
CBRE has been hired by Ricardo Inc. as the exclusive listing agent for 40000 Ricardo Dr. in Van Buren Township,… Read more
MMCC’s Giannakopoulos Promoted to SVP, Capital Markets
Marcus & Millichap Capital Corp. (MMCC) promoted Dean Giannakopoulos to SVP, capital markets. Giannakopoulos, with MMCC since 2011, is based in the Chicago… Read more
Uptown La Grange Apartments Trade to JVM
JM Realty Corp. acquired Uptown La Grange, a 254-unit luxury apartment community in La Grange, IL, for an undisclosed sum.… Read more
Chicago Industrial Vacancies Reach 19-Year Low
Industrial vacancies in the Chicago region continued declining in the third quarter, hitting a 19-year low of 4.9% even as… Read more
Duke Scores Big with Chicago-Area Leases
The Chicago office of Duke Realty Corporation signed five leases totaling 860,296 square feet in September in four of its… Read more
West Loop’s 500 W. Monroe Goes Under Contract
Spear Street Capital is under contract to purchase the 46-story 500 W. Monroe St. in the West Loop, Crain’s Chicago… Read more
Colliers’ New Healthcare Lead Discusses Evolving Healthcare Delivery Models
Last month, Colliers International hired Shawn Janus to serve as its National Healthcare Director. Based out of the company’s downtown… Read more
CBRE’s Marshall Named Chief Client Officer
Scott Marshall has been appointed global chief client officer at CBRE, based in Chicago. He’ll partner with CBRE leadership teams across its… Read more
Farpoint’s Regina Stilp: City or Suburbs, Tenants Seek “A Certain Standard”
Among Chicago’s more prolific developers, Farpoint Development is leading the team selected to put up a massive mixed-use project on… Read more
Search for Stable Yield Drives North Side Apartment Deals
Marcus & Millichap’s Kyle Stengle brokered two multifamily sales on Chicago’s North Side for a combined $7.5 million. The first… Read more
33 Realty Handles Gurnee Deconversion Sale
33 Realty’s Sean Connelly and John Meyer represented Deer Creek Condominium Association in the deconversion sale of Deer Creek Condominiums, located… Read more