Illinois
JLL Lines Up Debt for Group RMC Deal in East-West Corridor
JLL has arranged $63 million in acquisition financing for Executive Towers West, a three-building suburban office campus in Downers Grove,… Read more
Nelson Brothers Makes First Student Housing Deal in Chicago
Reflecting the investor appeal of student housing generally, and Chicago properties in particular, Nelson Brothers’ NB Private Capital has made… Read more
InvenTrust Names Northwood’s Black to Board, Promotes SVP David
Retail REIT InvenTrust Properties has named Northwood Securities’ Amanda Black to its board, while promoting SVP Christy David (pictured) to… Read more
Hyde Park Apartments Trade for $9M
Essex Realty Group has brokered the $9.15-million sale of 6140 S. Drexel Ave., an 86-unit apartment building in Hyde Park.… Read more
Public Storage Boosts Twin Cities Presence
Glendale, CA-based Public Storage recently acquired six storage locations in downtown Minneapolis and in surrounding suburbs. The rebranded storage locations… Read more
By the Numbers: America’s Land Usage
As a nation with 48 contiguous states, America encompasses 1.9 billion acres of land. So, how do Americans use their… Read more
Rush U. Plans $473M Outpatient Center
Rush University Medical Center has submitted plans to construct an 11-story, 530,000-square-foot outpatient care center on Chicago’s Near West Side.… Read more
CMBS Refi for Lightstone Apts. in Detroit Area
Lightstone said Thursday that it had closed on refinancing for five multifamily rental properties in the Detroit area. The $80-million… Read more
New Home Sales Drop Y-O-Y in Chicago Region
Chicago-area new home sales increased in the second quarter, but not by enough to counteract a steep plunge in Q1,… Read more
SRS Arranges Sale of Triple-Net Leased Target
SRS Real Estate Partners’ National Net Lease Group has arranged the acquisition of a newly-constructed, single-tenant Target on behalf of… Read more
Addison & Clark Begins Pre-Leasing on Apartments
Pre-leasing has begun at The Residences at Addison & Clark, a 148-unit luxury rental development across from Wrigley Field in… Read more
Rauner, Pritzker Take Different Sides on Rent Control Issue
The outcome of the Illinois governor’s race has strong implications for apartment developers and owners in Chicago, and elsewhere in… Read more
Kendall’s Goose Island Campus to be Repurposed as Office Space
Savills Studley has been hired by Laureate Education to sublease Kendall College’s soon-to-be-vacated Goose Island campus as office space. National… Read more
Duke Inks 173k SF of Warehouse Deals
Industrial REIT Duke Realty Corporation recently signed two leases totaling more than 172,000 square feet in two of its Chicago-area… Read more
Pinterest to Join Loop’s Roster of Tech Tenants
Pinterest has confirmed that it’s planning a move to the West Loop. The San Francisco-based tech company, which provides virtual… Read more
Michels Will Anchor Its $100M MXU in Milwaukee’s Harbor District
Infrastructure construction contractor Michels is planning a $100-million mixed-use development in Milwaukee’s Harbor District, including an eight-story office building that… Read more
Skender Wants to Put “Modular” in Senior Housing Construction
Modular construction is starting to be accepted as an affordable multifamily development option. However, when it comes to senior housing… Read more
13-Acre Scottsdale Creative Campus Sold for $51M
Denver-based EverWest, in partnership with Chicago-based WHI Real Estate Partners L.P. and co-developer George Oliver Companies, sold The Quad in Scottsdale, AZ… Read more
Waterton Divests PDX Lloyd District MF for $66M
San Diego-based MG Properties Group acquired Axcess 15, a 202-unit, transit-oriented apartment property in the Lloyd District in Portland, OR.… Read more