Illinois
Law Firm Eversheds Sutherland Will Open Chicago Office with CRE Focus
Law firm Eversheds Sutherland said it will open a Chicago office, its first new U.S. office since the 2017 merger… Read more
Bill to Fund McCormick Place Expansion Advances in Springfield
The State Senate has approved legislation to help fund the Metropolitan Pier & Exposition Authority’s (MPEA) $600-million expansion of McCormick… Read more
Lee IL Team Brokers 2nd Romeoville Deal in a Month
Lee & Associates Illinois has arranged the second lease in the past month at 101 Paragon Dr. in Romeoville, IL.… Read more
CushWake Promotes 3 Top Producers to Vice Chair
Three of Cushman & Wakefield’s top-producing Chicago area brokers—Britt Casey (Industrial), Alex Smith (Tenant Representation) and Jason West (Industrial)—have been promoted to vice chair. As… Read more
Home Price Gains Slow in California, Nationally for 12th Straight Month
The latest research by S&P Dow Jones Indices shows that the rate of home price increases across the U.S. has… Read more
Hyatt Launches New Lifestyle Division
Chicago-based Hyatt Hotels Corp. created a new, dedicated lifestyle division, which brings together Hyatt’s and former Two Roads Hospitality’s lifestyle… Read more
Two Chicago Funds Allocated $85M in New Market Tax Credits
Two Chicago funds were among 73 Community Development Entities receiving New Market Tax Credits (NMTC) in the latest allocation from… Read more
Chicago’s Housing Sales Register Slower Growth
The latest data from both the Chicago Association of Realtors and S&P Dow Jones Indices indicate slowing growth in Chicago’s… Read more
Downtown Apartment Rents Increase Along with Occupancy
Apartment rents for Class A buildings downtown hit a new high of $3.26 per square foot in the first quarter,… Read more
Lakeview’s the Priciest Hotel Option in Town
The North Side’s Lakeview neighborhood is the priciest in the city for hotel accommodations, according to a survey of 20… Read more
CBRE Brokers Oakbrook Terrace Deal for Kimco
CBRE recently brokered the sale of 22nd Street Plaza, a 176,164-square-foot retail property in Oakbrook Terrace, IL, for $21 million. The… Read more
Chicago Retail Adjusts to Influx of Big-Box Closures
The wave of store closures over the past several years has begun making an impact on Chicago’s retail market, Marcus… Read more
Skender Will Roll Out Modular Units for Sterling Bay at New Facility
Skender’s modular building facility is scheduled to launch production on Tuesday. The first order for the Southwest Side facility will… Read more
Evanston Value-Add Historic Asset Up for Sale
Essex Realty Group has been hired to market The Homestead at 1625 Hinman Ave. in Evanston. Currently listed on the National… Read more
Online Apparel Brand Comes to Armitage Shopping Corridor
Intimate apparel and lifestyle brand Lively has opened its first Chicago location and second brick-and-mortar store at 823 W. Armitage… Read more
Related Midwest Brings in COO from Parent Company
Related Midwest has brought Frank Monterisi over from parent organization the Related Companies to serve as COO. Monterisi’s role with… Read more
RMK Adds 3 Communities to Management Portfolio
RMK Management Corporation, one of the Midwest’s largest market-rate apartment management firms, has taken over leasing and property management for… Read more
San Francisco Reaches the Top of the Global Heap Despite Quality of Life Challenges
San Francisco has unseated Zurich from its long-held top ranking for both wages and disposable income in the latest Deutsche… Read more
C-PACE Securitizations and Their Implications for CRE Industry
By Dennis Kaiser Sausalito, CA-based CleanFund, a national commercial property-assessed clean energy (C-PACE) origination platform, recently was awarded GlobalCapital’s 2019… Read more