Illinois
R2/Walton St. JV Cashes Out on West Loop Portfolio
A venture of locally-based Heitman paid about $65 million last week for a trio of vintage loft office properties in… Read more
State Moves Ahead on Thompson Center Sale with RFP
The state’s Department of Central Management Services said Tuesday that it would issue a request for proposals this week for… Read more
Sears Hometown Sells Outlet Business for $133M
Sears Hometown and Outlet Stores, which spun off from Sears Holdings prior to the parent company’s bankruptcy, is selling its… Read more
AIA Closes Two Deals for Seller’s Rogers Park Apartments
Apartment Investment Advisers (AIA) recently closed the sale of two apartment buildings in the North Side’s Rogers Park neighborhood. The 19-unit… Read more
Chicago Risks Lagging Other Cities for Job Growth
Chicago could lag other major cities in employment growth and risk substantial job displacement over the next decade if it… Read more
Waterton Completes “Top-to-Bottom” Renovation at River North Rentals
Waterton completed the $15-million renovation of River North Park, a 400-unit, 24-story apartment tower in the River North neighborhood. Waterton is… Read more
Master Lease for MI, IL Furniture Stores Asks $57M
Online net lease brokerage platform B+E has listed five Art Van Furniture properties under a master lease for $56,550,000. Four… Read more
GlenStar, Rubenstein Launch Phase Two of Continental Towers Makeover
Locally-based GlenStar and Philadephia-based Rubenstein Partners unveiled plans for a $15-million capital improvement campaign at Continental Towers, a 910,796-square-foot office… Read more
Chicago Industrial Sees YTD Compression in Cap Rates
Although cap rates remained broadly stable across the Chicago region in the first half of 2019, Class A rates in industrial and neighborhood retail… Read more
Glen Ellyn Condo Complex Sells for Deconversion
Essex Realty Group arranged the sale of Iron Gate Condominiums in Glen Ellyn, IL, a 180-unit complex that is to… Read more
J.C. Anderson Completes Build-Out for New Colliers Offices
J.C. Anderson completed a headquarters build-out for Colliers International, Chicago at 71 S. Wacker Dr. The real estate services and investment… Read more
LaSalle Taps Sziklas to Lead U.S. Custom Accounts
Stuart Sziklas will join LaSalle Investment Management as head of U.S. custom accounts, effective Sept. 3. He’ll be based in… Read more
Indiana Section 8 is First in State for Fannie Mae M.TEB
Merchants Capital has secured $21.4 million in funding for the preservation of Carriage House of Evansville, a Section 8 housing development in Evansville,… Read more
VIDEO: Go Inside the Mind of KBS Realty Advisors’ Schreiber at Connect Orange County
By Dennis Kaiser A standing-room crowd of nearly 500 commercial real estate leaders gathered this week at The Resort at… Read more
KBS Realty Advisors’ Schreiber Delivers Keynote at Connect Orange County
By Dennis Kaiser A standing-room crowd of nearly 500 commercial real estate leaders gathered yesterday at The Resort at Pelican… Read more
Opus Transforms Former Target Offices to Multi-Tenant Use
The Opus Group completed building improvements at Target’s former west corporate campus in Minneapolis, transforming the 307,000-square-foot 3701 Wayzata Blvd.… Read more
Chicago Tied with L.A. for Office Construction
In a U.S. office market balancing strong employment with diminishing business confidence and economic growth projections, Chicago stands out for… Read more
Avison Makes Finance and Strategy Appointments in Chicago, London
Avison Young has made five finance-and strategy-related appointments to enhance the company’s global expansion program. They include the promotion of… Read more
Colliers Tapped to Manage Stanton Road’s First Downtown Property
Fresh off its first downtown Chicago acquisition, the former Borg-Warner Building at 200 S. Michigan Ave., Los Angeles-based Stanton Road… Read more