Illinois
One-of-a-Kind HQ McDonald’s Previews New Store Format
In advance of the opening of its new global headquarters in the West Loop, McDonald’s has opened a ground-floor restaurant… Read more
NAI Hiffman Lines Up Renewal for Stockbridge Capital
NAI Hiffman’s industrial services team has renewed a 74,678-square-foot, full-building lease at 355-359 Longview Dr. in Bloomingdale, IL on behalf… Read more
Chicago’s Retail Vacancies Reach 10-Year Low
The Chicago region’s retail vacancy rate tightened to its lowest level in a decade, Marcus & Millichap reported. One factor… Read more
Skender Starts Hyatt House Hotel in Chicago’s Fulton Market District
Chicago’s newest Hyatt House extended-stay hotel is now under development by Sterling Bay and Skender. The new 14-story, 200-room hotel… Read more
Urban Hospitals Don’t Make the Grade for Safety, Says New Report
Most urban hospitals fall down on the job when it comes to patient safety measures, according to the latest Hospital… Read more
NKF Completes Two Long-Term Leases for Shipping Firm
NKF’s Brian Carroll represented and advised K2 Express Inc. in completing two long-term leases. These included a renewal and expansion… Read more
Kaufman Hall Expands to CME Center
As part of an updated workforce strategy, consulting firm Kaufman Hall is expanding its Chicago-area presence with offices downtown. The… Read more
Illinois Self-Storage Portfolio Trades in Deal by Marcus & Millichap
Storage General, a 362,020-square foot self-storage portfolio located throughout central Illinois, has traded to Storage Express. Marcus & Millichap’s Brian… Read more
CBRE Arranges Old Navy Lease at South Side Power Center
CBRE’s Chicago office recently represented the ownership of Marshfield Plaza in a new lease to Old Navy. The Gap Inc.… Read more
Chicago Office Sales Spike 41% Year Over Year
After the first half of 2017 saw Chicago office sales volume citywide drop to the lowest level in five years,… Read more
Retail Properties of America Closes $1.1B Unsecured Credit Facility
Oak Brook, IL-based Retail Properties of America, Inc. (RPAI) closed on a $1.1-billion amended and restated unsecured credit facility. That included increasing… Read more
Goldie Scholarships Available for Next Generation of CRE Women
The Goldie Initiative’s scholarship application period is open through June 15. A leadership program designed to develop the next generation… Read more
Interra Brokers Condo Deconversion Sale in Lakeview East
Continuing Chicago’s trend of condominium deconversions, Interra Realty has brokered the $30-million deconversion sale of 445 W. Wellington Ave., a… Read more
DFW Comes in 3rd – Thanks to Mosquitos
The Dallas-Fort Worth area has ended up on many top 10 lists recently, including the U.S. Census Bureau’s largest growth… Read more
Sears CEO Lampert Offers to Buy Sears Businesses
After nearly two years of failing to find buyers for its Kenmore appliance brand and other units, Sears Holdings is… Read more
Waterton Exceeds $750M Target with Latest Value-Add Fund
Chicago-based Waterton has reached a final close on its latest value-add multifamily fund, Waterton Residential Property Venture XIII, LP. Venture… Read more
Avison Young Arranges 4-Building Sale to Healthcare REIT
Avison Young has negotiated the sale of a four building, 74,442-square-foot medical office portfolio in Chicago’s suburbs to Community Healthcare… Read more
Elgin Medical Condo Deconversion Trades to PE Firm
Fletcher Drive Medical Center in Elgin, IL, which formerly housed 10 medical office condominiums individually owned by various physician groups,… Read more
Star of City’s Innovation Economy Plans Move to Merchandise Mart
Logistics technology startup project44, which recently completed a $35-million Series B fundraising round, plans to take 40,000 square feet at… Read more