Illinois
Value-Add Multifamily Portfolio Trades in Ravenswood
Kiser Group recently brokered the sale of a 36-unit Ravenswood portfolio for $4.5 million. The firm’s Rick Ofman represented the… Read more
NAI Hiffman Represents 2 Nonprofits in Lombard
NAI Hiffman VP Aubrey Van Reken-Englund (above) and associate Tabitha Dozier recently represented two nonprofits in the Chicagoland region. The… Read more
CushWake Closes on Buy of Quality Solutions Inc.
Cushman & Wakefield has completed its acquisition of Quality Solutions, Inc. (QSI), a facilities management firm specializing in on-demand facility… Read more
Spec Deliveries Mean Vacancy Uptick for Chicago Industrial
A brisk pace of deliveries of speculative construction helped keep absorption down and precipitated a 10-basis point increase in the… Read more
Nominate One of the Year’s Top Commercial Brokers
Do you know a commercial real estate broker or team who made a big impact in 2018? For the second… Read more
Opportunity Zone Funds Come in Different Shapes and Sizes
The Dec. 3 update of Qualified Opportunity Zone funds, compiled by the National Council of State Housing Agencies (NCSHA), lists… Read more
Lendlease, John Buck Form JV for Chicago MF Development
HFF secured $61.88 million in joint venture equity for the development of 845 West Madison, a 586-unit, luxury multi-housing project… Read more
Water Tower Place Implements Curfew for Younger Shoppers
Brookfield Properties’ Water Tower Place shopping mall along the Magnificent Mile has imposed a chaperone rule for customers under 18… Read more
Chicago SIOR Names 2019 Board
The Chicago Chapter of the Society of Industrial & Office Realtors (SIOR) recently named its new executive board officers for… Read more
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