Illinois
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
Winston & Strawn Takes Down 62K SF at Skanska’s Capitol Tower
Law firm Winston & Strawn is leasing 62,515 square feet at Skanska’s under-construction Capitol Tower in downtown Houston. The tenant… Read more
Belgravia, LMC Close on Land in East Bucktown
Chicago-based Belgravia Group and Lennar subsidiary LMC have closed on a 4.1-acre parcel of East Bucktown land known as Triangle… Read more
Home Pricing Near Obama Site Points to Speculators
In common with neighborhoods in other parts of the city with moderate or high housing costs, large swaths of the… Read more
Navy Pier Flyover’s First Phase Opens to Public
The first section of the Navy Pier Flyover opened Thursday, furthering the Emanuel administration’s goal of improving lakefront access via… Read more
Skender Completes AZEK HQ in Fulton Market
Skender recently completed interior construction of the new 24,000-square-foot headquarters for The AZEK Company, which recently relocated to the Fulton… Read more
Aries Capital Provides Refi on Comfort Inn
Aries Capital has arranged a $7.05-million bridge loan to refinance the Comfort Inn at 3010 Finley Rd. in Downers Grove,… Read more
Chicago Pols Give Mixed Reviews to Musk’s Tunnel Test
With Elon Musk’s Boring Company selected by the Emanuel administration earlier this year to build an underground high-speed transit system… Read more
Wicker Park Property Trades for Apt. Redevelopment
Marcus & Millichap arranged the sale of an apartment property located in Chicago’s Wicker Park neighborhood. The asset sold for… Read more
Bridge Development Plans Bedford Park DC
Bridge Development Partners has acquired a former perfume manufacturing facility in Bedford Park, IL. Plans call for immediate demolition of… Read more
JLL Adds Sears Veteran as Restructuring VP in Retail
JLL has added Nick Karafotias to its Midwest restructuring team as VP of restructuring, based in Chicago. In this role,… Read more
Golub Adds Leasing Veteran for Downtown Portfolio
Golub & Company has expanded its leasing team by hiring Sandy Macaluso as VP of leasing. Reporting to SVP Deborah… Read more