Illinois
Lightfoot Plans to Continue TIF Program, With Changes
Incoming Mayor Lori Lightfoot made waves last month when, after dropping her opposition to $1.6 billion in tax increment financing… Read more
Tricap Expands into WI with Milwaukee-Area Deal
Chicago-based Tricap Residential Group has closed on the acquisition of Franklin Park Apartments in Milwaukee for $6,550,000. This transaction, which adds… Read more
Owner-Occupied Offices Add Tenant for Cash Flow
CBRE recently represented School Health Corporation in the lease of 33,590 square feet to S-E-A at School Health’s Rolling Meadows, IL headquarters.… Read more
Perkins Coie Moves to West Loop with 110 N. Wacker Deal
Law firm firm Perkins Coie has signed a multi-year lease for 100,000 square feet at 110 N. Wacker Dr., the… Read more
Clayco Enterprises Adds New EVP/CFO
James M. Havel has been named EVP and CFO of Clayco Enterprises in St. Louis. Havel will work directly with Tony Schofield,… Read more
Apts. With Co-located Library Open in West Ridge
Representatives from Evergreen Real Estate Group and municipal government cut the ribbon on Northtown Apartments in West Ridge. It’s one… Read more
Chatham Apartment Assets Change Hands
Marcus & Millichap has arranged the sale of 700 E. 81st St. and 8055 S. Langley Ave. in the South… Read more
Connect Chicago Panelists to Lightfoot: Keep City on Track
Even as panelists discussed the national and global economic picture, the focus in Connect Chicago’s “Industry Leaders: Economic Outlook &… Read more
Newly Built Brooklyn Industrial Secures Refi
Aries Capital VP Brandon Perdeck has closed a $6.5-million CMBS loan for a 16,500-square-foot manufacturing facility at 413 20th St. in Brooklyn. Perdeck… Read more
Zeller’s Ari Glass to Join Mansueto Office Team
Ari Glass, president of Zeller Realty Corporation and co-managing director of Zeller Realty Group (ZRG), is leaving ZRG to join Mansueto Office Inc. as… Read more
GlenStar Achieves a First with WiredScore Designation
GlenStar is the first landlord to achieve WiredScore certification across a portfolio of Class A office properties in Chicago’s suburbs. Schaumburg… Read more
JLL Income Property Trust Snags Seattle-Area MF for $82M
Connect Apartments is planned next month in Los Angeles. You can get more information and register to attend on this… Read more
Mixed-Income Apartments Come Up for Sale in Aurora
Kiser Group has listed for sale 2000 Illinois in Aurora, IL. The 128-unit, five-story property is listed for $10.4 million,… Read more
Hackman Capital Trades Refrigerated Warehouse in Archer Heights
CBRE recently represented Hackman Capital in the sale of a 188,000-square-foot refrigerated distribution property at 4801 S. California Ave. in the… Read more
Essex Brokers Condo Deconversion Deal in Lincoln Park
Essex Realty Group’s Steven Livaditis and Joe Scheck represented the association board and the homeowners in a condominium deconversion sale… Read more
Uber in Talks for Massive Space at Old Post Office
Uber is in talks to lease about 450,000 square feet at 601W Cos.’ redeveloped Old Main Post Office, the Chicago… Read more
Beaumont Health Leases 125K SF of High-Tech Industrial
CBRE recently represented ownership in a 124,564-square-foot lease to Beaumont Health at 41965 Ecorse Rd. in Belleville, MI. The tenant… Read more
Phillips Edison Snaps Up Naperville Lifestyle Center
Phillips Edison & Company (PECO) has acquired Naperville Crossings, a 146,591-square-foot neighborhood lifestyle center in Naperville, IL, for a reported… Read more
Big-Box Vacancies Hit 2-Year Low Across Chicago Region
The vacancy rate in modern big box buildings greater than 200,000 square feet decreased by an impressive 54 basis points… Read more