Illinois
Inland Income Trust Shifts Focus to Grocery-Anchored Centers
Inland Real Estate Income Trust said recently its long-term strategic plan is to move toward a liquidity event, most likely… Read more
Acquisition, Bridge Debt Financing Secured for Chicago Data Center Portfolio
A venture between New York-based Safanad, Industry Capital and Element Critical secured debt financing for CH1 and CH2, a two-property… Read more
CMBS Opportunity Zone Properties Exceed $65B, So Far
Since the Opportunity Zone program was enacted though the Tax Cuts and Jobs Act of 2017, more than $65 billion… Read more
Google Searches for Finance Hub, Finds Chicago
Google has selected Chicago as its new hub for finance, with plans to add hundreds of jobs locally over the… Read more
Fleet and Facility Management’s New HQ Debuts in Englewood
City officials including Mayor Rahm Emanuel cut the ribbon recently on the Department of Fleet and Facility Management’s (2FM) new… Read more
Urban Rock Climbing Coming to Williamsburg
Cushman & Wakefield has arranged a 30,598-square-foot, long-term lease for a Brooklyn Boulders urban rock climbing facility at 87 Kent Ave.… Read more
Tribune Media Puts River District Tract on the Market
Tribune Media has hired Eastdil Secured to market the 37-acre River West tract it planned to develop in partnership with… Read more
12-Unit Mixed-Use Property Changes Hands in Albany Park
A 12-unit mixed-use property in the North Side’s Albany Park neighborhood has traded for $1,325,000. Marcus & Millichap’s Anthony Catanese… Read more
CBRE’s Latessa Named to Inaugural Daniel Burnham Fellowship
John Latessa, president of CBRE’s Midwest Division, was recently named to the inaugural class of Leadership Greater Chicago’s Daniel Burnham Fellowship.… Read more
USG’s 220K-SF Global HQ to Remain at Chicago Tower
USG Corporation restructured and secured a 10-year lease extension for its 220,000-square-foot global headquarters space at 550 W. Adams St.… Read more
Colliers Team Brings Oberg Medical in from the Suburbs
Colliers International | Chicago’s Chris Volkert and Brendan Green represented Oberg Medical Products Company in a full-building industrial lease at 4311… Read more
Lee Illinois Brokers Pair of Industrial Deals
Lee & Associates Illinois recently brokered a par of Chicagoland industrial leases. Principals Mike Plumb and Jeff Janda represented Elite Manufacturing Technologies… Read more
Inland Marketing Development Pods at Master-Planned Resort
Inland Real Estate Commercial Brokerage has been named the exclusive representative to sell development pods at Heritage Harbor in Ottawa, IL, 80… Read more
LIHTC Will Fund Rehab of Historic Woodlawn Apartments
Acquisition and rehabilitation of the historic Johnson Butler-Lindon Apartments, located in the South Side’s Woodlawn neighborhood, will begin this month.… Read more
ASC Lines Up Cash-Out for NNN Grocery Near Hartford
American Street Capital (ASC) has secured a $12-million cash-out refinance for a triple-net, single-tenant supermarket occupied by a Stop &… Read more
On Industrial’s Horizon: Automation and Opportunity Zones
Chicago’s industrial sector saw a 50% year-over-year increase in leasing activity in 2018. The fact that nearly half of last… Read more
Buena Park Rentals Trade After Less Than Week on Market
Interra Realty has brokered the sale of 820-26 W. Cuyler Ave. in Buena Park, one of the neighborhood’s largest multifamily… Read more
Family Office Snaps Up Oak Park Condos for Deconversion
Chicago-Based 33 Realty represented a family office in its $15.172-million acquisition of a 79-unit condo building at 932 W. Pleasant… Read more
Online Insurer Moves from Shared Offices to 55 W. Monroe
CBRE recently represented Kin Insurance in a 20,761-square-foot sublease at John Hancock’s 55 W. Monroe, where the insurance startup will… Read more