Illinois
Essex Realty Markets South Shore Rentals with “Easy Upside”
Essex Realty Group’s Brian Mond is marketing 6700 S. Constance Ave. with an asking price of $6,000,000. The 78-unit multifamily property built… Read more
Des Plaines Lease Shows Chicago’s Appeal for Manufacturers
Darwin Realty’s Richard G. Daly and Chris Mergenthaler represented a private partnership in the lease of its building at 1701 Birchwood Ave.… Read more
SJC Brokers Sale of National Park Service Offices in WI
Stan Johnson Company (SJC) recently completed the $7.8-million sale of 37705 Roys Point Blvd. in Bayfield, WI. The single-tenant, 26,640-square-foot… Read more
Bridge Development Trades Waukegan Portfolio to AEW
Bridge Development Partners sold three distribution buildings at Phase II of Bridge Point North Business Park in Waukegan, IL, to AEW. The buildings total… Read more
Merchants Capital Does Fannie Mae M.TEB Deal in Minneapolis
Merchants Capital has secured $16 million in construction and permanent financing for an affordable mixed-use development in Minneapolis’ North Loop.… Read more
American Street Capital Structures Permanent Debt for Chicago-Area Portfolio
American Street Capital (ASC) secured $9.64 million in permanent debt for a 149-unit, scattered-site multifamily portfolio in the Chicago suburb… Read more
Lendlease, Magellan Add to Lakeshore East with Resi Towers
Lendlease and co-developer Magellan Development Group broke ground on the Cirrus and Cascade residential towers in the Lakeshore East community.… Read more
Waterton Brings in CRE and Finance Expert as CFO
Waterton has hired Tara Marszewski as CFO, based in Chicago. She will succeed Doug Denyer, who will remain with the… Read more
Chicago Aldermen Raise Threshold for Condo Deconversion Deals
The Chicago City Council has voted to approve an ordinance that increases the majority of residential condominium owners needed to… Read more
Cboe Confirms Headquarters Move to Old Post Office
Cboe Global Markets has confirmed earlier reports that it would relocate its headquarters to 601W Companies’ redeveloped Old Post Office… Read more
GBT Realty Snaps Up Milwaukee-Area Retail
GBT Realty Corporation acquired West Allis Center, a 260,000-square foot neighborhood center in West Allis, WI, for $18.1 million. The… Read more
Fiat Chrysler Signs with Opus for Bolingbrook Space
The Opus Group signed Fiat Chrysler Automobiles (FCA) to a lease at 1325 Remington, a 112,049-square-foot building in its Carlow Corporate Center… Read more
Flexible Office Has Room to Grow in Third-Largest Chicago Market
Even as Chicago is the third-largest flexible office space market in the U.S., with approximately 3.8 million square feet, CBRE says the sector… Read more
JLL Arranges Refi on Ricketts’ Gallagher Way MXU
The Ricketts family’s real estate arm refinanced the recently-completed Gallagher Way mixed-use development for $140 million, via a loan arranged… Read more
Experts Question Recent Opportunity Zone Article
by Amy Sorter By now, most understand that the Opportunity Zone program is meant to pump resources into lower-income areas.… Read more
National Opportunity Zones Academy Launches in Five Cities
The Rockefeller Foundation and Smart Growth America (SGA) joined forces to launch the National Opportunity Zones Academy. The academy, which… Read more
Drybar’s Webb Reveals Secrets to Launching a Concept that Explodes
Connect Media joined more than 3,000 attendees at ICSC’s 2019 Western Conference and Deal Making confab that kicked-off this week… Read more
Escape from L.A. & N.Y.: Renters Seek Lower Prices
Rising rents are leading people considering a relocation to a different metro area to increasingly search for homes and apartments… Read more
Mixed-Income Project in Washington Park Represents a Chicago First
A new mixed-use, mixed income development, KLEO Art Residences, 5504 S. Michigan Ave., recently opened in the South Side’s Washington… Read more