Illinois
RREEF Property Trust Adds Grocery-Anchored Center
DWS Group announced today that RREEF Property Trust, its publicly registered, daily NAV REIT, has acquired Elston Plaza, an urban… Read more
10 Former Bon-Ton Stores Go Up for Auction
A&G Realty Partners will auction 10 department store properties formerly owned by The Bon-Ton Stores on Jan. 28 in New… Read more
Park Ridge Assisted Living Lands HUD Refi
Capital One has provided a $15.1 million fixed-rate HUD 232/223(f) loan to refinance Avantara Park Ridge, a 154-bed assisted living… Read more
Illinois Ranks Second to NJ for Outbound Migration
Although New Jersey is the state most likely to see residents move out, Illinois isn’t far behind. United Van Lines’… Read more
New York Life Claims Chicago Tower for $150M
A New York Life Real Estate Investors venture acquired 200 W. Jackson Blvd., a 28-story Chicago office tower for roughly… Read more
Kiser Brokers Sale of River North Condos
Kiser Group recently brokered the sale of 1140 N. LaSalle Dr., a 250-unit condominium property in River North, for $38… Read more
Lampert Offers $4.4B to Keep Sears in Business
Sears Holdings has until this Friday, Jan. 4, to notify potential buyers whether their offers have been accepted as qualifying… Read more
Midwest Industrial Picks Up Former Motorola Site in McHenry
Midwest Industrial Funds recently purchased a 218,064-square-foot manufacturing and distribution building on 20 acres in McHenry, IL. The building was… Read more
Maverick Provides Loan for Pilsen Co-living Project
Following its financing of a commercial development in the West Side’s historic Pilsen neighborhood, Maverick Commercial Mortgage, Inc., has followed… Read more
O’Hare “People Mover” Will Shut Down Until Fall for Revamp
The O’Hare Airport Transit System, or “people mover,” will suspend operations at 5 a.m. on Jan. 9 until a modernization… Read more
St. Louis-Area Retail Pad Trades Below 6.9% Cap
Hanley Investment Group Real Estate Advisors has completed the sale of Kirkwood Square, a 15,944-square-foot retail pad building in the… Read more
Chicago’s Biggest Deconversion Deal is Finalized
The River City Condo Association agreed to a bulk sale of all 449 residential units for the largest condominium deconversion… Read more
Meridian Arranges Refi on South Side Apartment Portfolio
Meridian Capital Group has arranged $37 million in financing to refinance a noncontiguous 46-property multifamily portfolio on the South Side… Read more
J.P. Morgan Delivers $90M for Pair of Logistics Acquisitions
Chicago-based Logistics Property Company, LLC secured finance loans with J.P. Morgan with a combined value of roughly $90 million for… Read more
Lee Illinois Arranges Two Elgin Industrial Deals
Lee & Associates recently closed two industrial lease transactions totaling 202,750 square feet in Elgin, IL’s Northwest Corporate Park on… Read more
CIM, Golub Acquire Mag Mile Office Tower
CIM Group and Golub & Company have acquired 444 N. Michigan Ave. along the Magnificent Mile. The property is across… Read more
Innovation Hub Planned for Peoria’s Opportunity Zone
The Greater Peoria Economic Council is teaming with OSF HealthCare, the University of Illinois System and Illinois Central College to… Read more
CHA Reaches Settlement in Long-Running Class Action
Fifty-two years after it was filed, a class-action lawsuit on behalf of Chicago’s public housing residents has led to a… Read more
How the Other 6.9% Lives
Maybe it’s coincidence, or maybe it’s a marker of gentrification. Either way, the census tract with the fastest-growing population of… Read more