Illinois
MPT Completes Sale-Leaseback on KC-Area Hospitals
As part of a $1.75-billion wave of acquisitions, Medical Properties Trust has acquired seven Kansas City-area community hospitals from St.… Read more
Regus to Launch Franchising Program
Workspace provider Regus, headquartered in the Dallas suburb of Addison, TX, launched its new U.S. franchising program. The company is… Read more
Fifield Set for Groundbreaking on TOD in River West
Fifield Cos. is set to break ground today on 740 Aberdeen. The 11-story transit-oriented development in the West Loop’s River… Read more
A-Rod’s Monument Capital Makes Third Chicago-Area Buy
Monument Capital Management has acquired Townhomes at Highcrest, a 176-unit apartment community in Woodridge, IL. The A-Rod Corp company acquired the property… Read more
Chicago Office Market Dynamics Favor Tenants
The dynamics of the downtown Chicago office market exhibited favorable tendencies for tenants in the second quarter, as rental rates… Read more
Golub and Farpoint Snare Massive Complex on Near South Side
Golub and Farpoint Development have agreed to pay $180 million, or about $107,000 per unit, for Prairie Shores, a 1,675-unit… Read more
Hines’ Wolf Point East Gears Up for Pre-Leasing
With pre-leasing slated to begin late this summer, the developers of Wolf Point East have released new renderings of the… Read more
Seattle, Portland Capture Crane Title Over San Francisco, Los Angeles
There is still time to join us this week for Connect Bay Area at the Grand Hyatt San Francisco. Get… Read more
Glassdoor Expands in Fulton Market
Glassdoor will further expand its presence in Chicago, committing to 52,000 square feet at Trammell Crow Company’s new West End… Read more
NKF Adds Corporate Capital Markets Specialists
NKF has added corprorate capital markets specialists Andrew Sandquist and JC Asensio to its Chicago office. Joining as vice chairman… Read more
Vacancy for Chicago Industrial Reaches 19-Year Low
Chicago’s industrial market hit a 19-year vacancy low of 5% in the second quarter as rental rates remained historically strong,… Read more
Wight Will Serve as Master Architect on Bell Works Chicagoland
Wight & Company has been retained by Somerset Development to provide design services for Bell Works Chicagoland, a redevelopment project that will… Read more
Lincoln Park’s First New Resi High-Rise in Years Lands Financing
JLL arranged financing for Elevate, a newly-built, 11-story luxury apartment building in Lincoln Park. An HFF legacy deal that closed… Read more
Chicago Sees Boom in Short-Term Rentals
Chicago is among the major U.S. cities experiencing a boom in short-term rentals, says Cushman & Wakefield. According to AirDNA, there… Read more
JV Divests Trio of Fulton Market Office Assets
NKF has arranged the sale of a three-property office/retail portfolio in Chicago’s Fulton Market District. The firm’s Andy Gallas and Gino… Read more
Park Forest Retail Trades in Opportunity Zone
Matanky Realty Group’s Terri Cox and Don Wagener have closed on the sale of Orchard Park Plaza, a 102,647-square-foot shopping… Read more
Reimagined Starter Home Chosen in Design Competition
A jury assembled by the Chicago Housing Policy Task Force has selected the Adaptable House by Perkins+Will architect Greg Tamborino… Read more
Pharma Firm Plans $250M Facility in SE Wisconsin
Nexus Pharmaceuticals Inc., based in Lincolnshire, IL, has reached an agreement with the village of Pleasant Prairie, WI to build… Read more
KBS’ 500 W. Madison to Become Accenture Tower
KBS’ 500 West Madison will be rebranded as Accenture Tower, as the professional services firm anchors the 1.47-million-square-foot property. Accenture… Read more