Illinois
Belgravia Names Co-CEOs as Lev Transitions to Chairman
Chicago-based residential developer Belgravia Group, Ltd. has made leadership team changes, as CEO Alan Lev transitions to chairman and David Goldman and… Read more
Meridian Design Build Launches Industrial Project for Amylu Foods
Meridian Design Build recently began construction on an 84,000-square foot USDA meat processing plant for Amylu Foods in the heart… Read more
AFIRE Survey: Can Strong U.S. CRE Fundamentals Outweigh External Risks?
Global investors generally remain confident in a strong U.S. economy, solid real estate market fundamentals, and continued capital inflow to… Read more
Waterton Hires Matt Mering as Hospitality EVP
Waterton has hired Matt Mering as EVP, hospitality. The announcement comes shortly after Waterton’s strategic alliance with Waterford Hotel Group, a… Read more
New Assessments May Mean Sticker Shock for Chicago Landlords
Cook County’s new assessor is shifting the property-tax burden onto commercial buildings by valuing them based on real market sales… Read more
Northpoint’s Republic Steel Redevelopment Garners $52M in TIF
NorthPoint Development’s 2.26-million-square-foot transportation, distribution and logistics (TDL) center on the Southeast Side will receive $52 million in tax increment… Read more
Mixed-Use Property Changes Hands in Roselle
Marcus & Millichap arranged the sale of Promenade Pointe of Roselle, a 15,626-square foot mixed-use property in Roselle, IL. The… Read more
$17M in TIF Proposed for Phase 1 of Ickes Homes Redevelopment
A joint venture of Boston-based Community Builders and locally-based McCaffery Interests would receive up to $17 million in tax increment… Read more
Quartet of Tenants Joins Roster at KBS’ River North Loft Offices
KBS has signed a total of 17,383 square feet in new leases at 213 W. Institute Pl., a loft-office property… Read more
Ventas’ Cafaro Will Chair Board of Economic Club
The historic and exclusive Economic Club of Chicago has selected Ventas Chairman and CEO Debra A. Cafaro to be its… Read more
Briar Meads Taps CushWake for Lisle Assignment
Cushman & Wakefield has been selected to represent Briar Meads Capital as landlord leasing agent for the Westwood, a two-building Lisle,… Read more
JLL Will Lease Up Lillibridge’s Central IN Portfolio
JLL has been selected to lease the central Indiana medical office building portfolio of Lillibridge Healthcare Services. The 11-building portfolio… Read more
Prodigy Closes Funding Round for Old Town Multifamily
Prodigy Network has closed on the first round of equity funding for its inaugural project in Chicago, a seven-story multifamily… Read more
Boutique Condos in West Village Land $97M Loan
HFF has secured $97.1 million in financing for 111 Leroy, a boutique luxury condominium development in the West Village. Loan… Read more
CoreSite Launches Work on Downtown Data Center
Denver-based CoreSite Realty Corporation has begun construction on Phase I of its new colocation data center location in downtown Chicago,… Read more
City Council Okays $1.6B in TIF for Mega-Projects
Chicago’s City Council has approved a total of $1.6 billion in tax-increment financing (TIF) for Sterling Bay’s Lincoln Yards and… Read more
Newmark Expands in Midwest with MLG Commercial Acquisition
Newmark Group, which operates the NKF platform globally, has closed on the acquisition of MLG Commercial LLC, a Milwaukee-based commercial real… Read more
Danley’s Leases Office at Clear Height’s Elk Grove Property
Custom garage builder Danley’s has leased 4,556 square feet of office space at Clear Height Properties’ 1400 S. Elmhurst Rd.… Read more
SMS Assist Adds Chief Product Officer
SMS Assist has hired longtime technology executive Kevin McDunn as chief product officer. McDunn (pictured) will lead all aspects of the tech platform’s… Read more