Illinois
New Unemployment Claims Fall to Near 49-Year Low in U.S.
The Labor Department reported that initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the… Read more
SNF in West Loop Sells to NY Buyer
Interra Realty has brokered the $6-million sale-leaseback of 1400 W. Monroe Ave., a four-story skilled nursing facility in the West… Read more
ShipBob Completes Series C Round, Opens Cicero Warehouse
Tech statrtup ShipBob, which aims to help small and mid-sized e-commerce businesses compete with Amazon on same-day shipping, has raised… Read more
Library Association Puts HQ Buildings on the Block
The American Library Association is putting its headquarters buildings at 40 and 50 East Huron St. on the market, and… Read more
Mesirow Closes on $567M RE Value Fund
Chicago-based Mesirow Financial has closed on its latest real estate fund with equity commitments of $567 million from institutional investors… Read more
NKF Lines Up Loan for Gavilon HQ in Omaha
NKF Capital Markets procured $30 million in acquisition financing for Kawa Capital Management’s acquisition of grain trader Gavilon’s global headquarters… Read more
Rare Lakefront Apartment Property Comes to Market
Essex Realty Group is representing the seller of The Beach House, a five-unit Rogers Park apartment building located at 7609… Read more
Emanuel Exit Puts Question Mark on Business Decisions
Mayor Rahm Emanuel’s decision to not seek re-election does more than throw the mayoral race wide open. It also creates… Read more
Proptech Firm SMS Assist Expands with Naperville Site
SMS Assist, a cloud-based multisite property management firm headquartered downtown, is expanding with the opening of a second area office… Read more
Class A Apartment Rents Tick Up to New High
The average monthly rent for Class A downtown apartment properties reached a new high of $3.18 per square foot as… Read more
Contract Packager Extends 353k-SF McCook Lease
Assemblers Inc. has extended its 353,322-square-foot lease at 8601 W. 47th St. in McCook, IL, in a deal arranged by… Read more
Hunt Midwest Signs First Retailers to Vue MXU
Hunt Midwest has secured leases with Parisi Café and Evolve Juicery & Kitchen for a combined 4,135 square feet of… Read more
Mark Lamp Joins CBRE to Lead U.S. Healthcare
Connect Healthcare is slated for October 29 and 30 at The Resort at Pelican Hill. Follow this link for more… Read more
Equity Residential CEO Stepping Down at Year’s End
David J. Neithercut (pictured), president and CEO of Equity Residential since 2006, is retiring at year’s end as part of… Read more
Retail Center Trades in North and Clybourn Corridor
HFF has arranged the sale of Clybourn Galleria, a 24,601-square-foot, fully leased, urban retail center in the North Side’s Lincoln… Read more
Ray LaHood to Chair Task Force on Transportation Options
The Emanuel administration has launched a transportation and mobility task force led by Ray LaHood, former U.S. Transportation Secretary. The… Read more
Mid-America Secures Aldi Lease for Livonia Redevelopment
The former site of a Chi-Chi’s in Livonia, MI will soon house an Aldi supermarket and a multi-tenant retail building.… Read more
Bridge Plans Three-Building Industrial Spec in DuPage
Bridge Development Partners has acquired a 48.12-acre parcel in Itasca, IL to build Bridge Point Itasca, a three-building industrial complex… Read more
Marcus & Millichap Brokers Pair of South Shore Deals
Marcus & Millichap’s Hardy and Heitzman team has closed on a pair of multifamily deals in Chicago’s South Shore neighborhood.… Read more