Illinois
NorthMarq Readies Construction Loan on SE Indiana MXU
NorthMarq Capital SVP Randall Waddell has finalized a $7.75-million construction loan for Jeffersonville Town Center, a 64,855-square-foot retail property in… Read more
Latest Plan for Massive South Works Redevelopment Now on Hold
A large-scale project announced last August to replace a former U.S. Steel factory on the South Side with 20,000 modular… Read more
2.5-acre Chicago Fulton Market Land Portfolio Hits Market
A 2.5-acre land development opportunity in Chicago’s Fulton Market neighborhood is being offered for sale. The land portfolio represents the biggest… Read more
River North Luxury Rental Reaches Leasing Milestone
The Hubbard221 luxury rental tower from Hubbard Street Group and co-developer Centrum Realty and Development is 65% leased less than… Read more
U.S. Construction Costs Are Rising
Comparing the first quarter of 2017 to 2018, construction costs are going up. According to a report published by Rider Levett… Read more
Gold Coast’s Hotel Indigo Will Take on Original Name Post-Renovations
The Hotel Indigo, acquired out of foreclosure by San Diego-based Interwest Capital in 2016, will get a “new” name following… Read more
NAI Global Extends Midwest Footprint, Adding Pfefferle Brokerage
NAI Global has acquired the brokerage business of Appleton Bay, WI-based Pfefferle Companies. Now known as NAI Pfefferle, the firm’s… Read more
MOB at Church’s South Side MXU Lands City Financing
A Pullman mixed-use building will be rehabbed and expanded as an Advocate Health Group medical office (rendering pictured) through Tax… Read more
Chicago Metro Home Sales Continue Lagging as Prices Rise
Continuing a trend that began in mid-2017, home sales in the Chicago metro area continued to lag last year’s levels… Read more
CBRE Lists Condo Deconversion in Streeterville
CBRE has been retained as the listing agent for a deconversion opportunity at 540 N. Lake Shore Dr., a 150-unit… Read more
Optima Chicago Center Trades in Streeterville
HFF has arranged the sale and acquisition financing of Optima Chicago Center, a 325-unit apartment high-rise in the city’s Streeterville… Read more
Industrial Developers Taking a Disciplined Approach
Leasing volume in Chicago’s industrial sector for the first quarter was up 38.1% year-over-year to nearly 7.2 million square feet,… Read more
Cohen Arranges $15M Bridge Loan for Minneapolis Apartments
Cohen Financial’s Cathy Bronkema recently secured a $15.35-million bridge loan for the acquisition of the Minneapolis Grand Apartments. The 112-unit… Read more
Kiser Markets Condo Deconversion at Flats on LaSalle
Flats on LaSalle, a Gold Coast residential building originally built as a hotel in 1924, is being marketed for sale… Read more
McShane Breaks Ground on Oak Park Supportive Housing
McShane Construction will serve as general contractor for the New Moms Oak Park Supportive Housing complex in Oak Park, IL.… Read more
Golub, CIM Propose Chicago’s Second-Tallest Tower
“A harmonious dialogue with Tribune Tower” was proposed by Golub & Co. and CIM Group as the development partnership outlined… Read more
Marcus & Millichap Brokers Sale of Building, Parcel to Tandem
Marcus & Millichap’s Stephen Lieberman and Kyle Stengle arranged the sale of a 53,931-square-foot, mixed-use commercial loft building and adjacent… Read more
Loop Alliance Gathers Experts on Meeting Talent’s Demand for Perks
When the owners of a 15-year-old class A office tower undertake a $100-million capital improvements program, it’s clear that attracting… Read more
CBRE Represents iHerb in 257K-SF Industrial Lease in Elgin, IL
California-based iHerb.com signed a 257,344-square-foot lease at 2640 Auto Mall Dr. in Elgin, IL. The supplier of natural products and… Read more