Illinois
Prism Retains Goettsch Partners for New Office Towers at ON3
Prism Capital Partners has retained Chicago-based architectural firm Goettsch Partners to design a new Class A office complex at ON3, the 116-acre mixed-use redevelopment of… Read more
$5.6M Bridge Loan Funds McHenry Industrial Deal
Chicago-based Associated Bank has completed a $5,560,000 bridge loan to Midwest Industrial Funds for the acquisition of a 218,000-square-foot industrial/warehouse… Read more
Illinois State Pension Shortfalls Hit Record High
Underscoring concerns about the financial health of the region and state, the state legislature’s fiscal unit has released a report… Read more
Pinstripes Will Partner with Brookfield on 3 New Locations
Chicago-based Pinstripes Inc. has formed a partnership with Brookfield Properties to open three new locations. With an undisclosed minority equity investment in Pinstripes, the… Read more
California Cities Among Construction Costs Leaders
Two California cities, San Francisco and Los Angeles, were ranked among the markets with high construction costs, though one was… Read more
Scannell Plans Speculative Development in Milwaukee
Indianapolis-based Scannell Properties plans to develop a 150,000-square-foot speculative industrial facility on Milwaukee’s northwest side. The real estate development and… Read more
Building Code Gets First Overhaul Since 1949
Mayor Rahm Emanuel has signed an ordinance providing for Chicago’s first comprehensive overhaul of its building code since 1949. The… Read more
Centennial Brings “Central Park” to 2 Area Malls
Dallas-based Centennial is launching a new placemaking concept with significant redevelopments at two Chicago-area properties: Hawthorn Mall in Vernon Hills,… Read more
Kitchen United Will Expand Chicago Base to Fulton Market
Kitchen United, a startup that leases space to restaurants and food entrepreneurs, has signed a lease for 12,700 square feet… Read more
Investcorp Acquires U.S. Distribution Center Portfolio for $170M
Investcorp’s U.S.-based Real Estate Investment team acquired a portfolio of eight single-tenant distribution properties across the country for a combined… Read more
JK Equities Plans West Loop Chicago Condo Development
New York-based JK Equities plans to commence construction in the second half of 2019 on 1400 West Monroe. The 42-unit… Read more
3 Chicago Sites on Landmarks Group’s Endangered Places List
A long-vacant bank building on the South Side is among three Chicago sites named by Landmarks Illinois to its 2019… Read more
One Central Developer Seeks Public-Private Agreement on Project’s Transit Hub
The developer behind the proposed One Central, a lakefront mega-project near Soldier Field, is seeking $3.8 billion in state funds… Read more
Parts Supplier Quadruples Space in Move to O’Hare Warehouse
Darwin Realty has represented a parts supplier in its new lease of 23,375 square feet at 9405 River St. in… Read more
Apartments Near Illinois State University Get New Ownership
Marcus & Millichap has arranged the sale of Lincoln Park Townhomes, a 39-unit apartment property located in Normal, IL, near… Read more
Vintage Multifamily Trades in West Rogers Park
An Essex Realty Group team recently brokered the sale of 2740-44 W. Granville Ave., a vintage 10-unit apartment building in… Read more
JLL Takes Anchor Space at Ryan’s Oakmont Point Development in Westmont, IL
JLL signed a long-term, 67,000-square-foot lease to anchor Ryan Companies’ newest redevelopment project at Oakmont Point in Westmont, IL. The… Read more
Lee IL Brings 3PL Provider to Romeoville
Lee & Associates has closed a lease transaction for a 22,265-square-foot industrial space located at 101 Paragon Dr. in Romeoville,… Read more
Citadel’s Ken Griffin Commits to Chicago
Hedge fund billionaire Ken Griffin has considered moving the headquarters of Citadel and Citadel Securities to New York, and recently… Read more