Illinois
Holland & Knight Adopts Law Firm Trend of Smaller Footprints
In common with several legal peers, law firm Holland & Knight is reducing its office footprint in Chicago. Crain’s Chicago… Read more
Clear Height Adds Office/Flex Portfolio in Suburbs
Clear Height Properties has acquired a four-property, 522,000-square-foot suburban portfolio for $30 million. Transwestern represented the seller, a private investor.… Read more
Peoples Gas Bringing Service Facility to Sauganash
Peoples Gas broke ground Tuesday on the company’s new North Shop service facility at 4025 W. Peterson Ave. in Chicago’s… Read more
Kiser Brokers 7 Multifamily Deals on the South Side
Kiser Group recently brokered a four-building portfolio and three other multifamily buildings on Chicago’s South Side. With the second quarter… Read more
Virgin Hotels Sets San Francisco Opening
Virgin Group, founded by Sir Richard Branson, plans to open Virgin Hotels San Francisco this fall. The company began taking reservations… Read more
Real Estate Continues to Serve as Market Volatility “Shock Absorber”
Real estate continued to perform as a “shock absorber” against market volatility that picked up in both the fixed income… Read more
Cushman & Wakefield Sets IPO Share Price, Envisions Raising $810M
Chicago-based Cushman & Wakefield plans to offer 45 million shares, priced at between $16 to $18 each, in a U.S.… Read more
Dougherty Closes HUD Loans for Weyerhaeuser Site Redevelopment
Dougherty Mortgage has closed on HUD 221(d)(4) loans totaling $51 million for new construction/permanent financing on the two components of… Read more
Chicago-Area Home Sales Decline Y-O-Y as Prices Rise
June home sales in the nine-county Chicago metro area, including condominiums as well as single-family houses, were off 7.3% year… Read more
Chicago Trading Grows Footprint to 114k SF
CBRE represented Chicago Trading Company (CTC) in its 114,186-square-foot renewal and expansion at 425 Financial Place in Chicago, formerly known… Read more
Rio Tinto Will Open Commercial Office in the Loop
Rio Tinto will open a Chicago office by the end of this year. The 145-year-old metals and mining company reportedly… Read more
Workers Exit California Labor Force, Unemployment Remains Near Record Lows
California’s unemployment rate remains at a record low of 4.2% in the latest U.S. Bureau of Labor Statistics jobs report.… Read more
Bringing Next-Generation Design to a Next-Generation Market
Mark Goodman & Associates (MGA) made local and national headlines recently with the developer’s announcement that its forthcoming 310 N.… Read more
Jewel-Osco Fetches $15.5M in Palos Heights
The Boulder Group has completed the sale of a single tenant NNN Jewel-Osco property located at 12803 Harlem Ave., in… Read more
PE Firm Expands Holdings with Hyatt Regency Milwaukee
Hotel-focused private equity firm Cambridge Landmark has closed on its acquisition of the 481-key Hyatt Regency Milwaukee, connected via skywalk… Read more
Clear Height Taps Asset Management Director
Gary Rose has joined Clear Height Properties as managing director, asset management & acquisitions. He joins Clear Height from Equity… Read more
Standard Companies Places Bet on North Side Multifamily
Los Angeles-based Standard Companies has placed a bet on continuing momentum in North Side multifamily, buying Lakeview 3200 for an… Read more
Factories Humming at Full Tilt in June
Industrial production rose 0.6% last month, wiping out a similarly sized decline in May, the Federal Reserve said earlier this… Read more
Crow Holdings Industrial Breaks Ground on First Midwest Project
Crow Holdings Industrial launched its first Midwest development in Chicago’s I-80 Corridor industrial submarket. Located at 24601 S. Frontage Rd.… Read more