Illinois
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
Enodo Adds to Multifamily Underwriting Platform
Following a January subscription launch after months in beta mode, automated underwriting platform Enodo has added new features to its… Read more
Wisconsin MOB Trades to Griffin-American Healthcare IV
Griffin-American Healthcare REIT IV has acquired Sauk Prairie Medical Office Building in Prairie du Sac, WI. The REIT paid $19.5… Read more
Hunt Provides Freddie Small Balance Loan for KC Multifamily
Hunt Mortgage Group has provided a $5-million Freddie Mac Small Balance Loan to finance the acquisition of Holly Ridge Townhomes,… Read more
Eldorado to Pay $327M for Riverfront Casino
Reno, NV-based Eldorado Resorts will reportedly acquire one of Chicagoland’s leading casinos, with its $327.5-million deal for the Grand Victoria… Read more
Mayor: “One City with Two Waterways”
Sounding the theme that “Chicago is one city with two waterways”—Lake Michigan and the Chicago River—Mayor Rahm Emanuel outlined the… Read more
Office Lofts Trade in River North for $3.8M
A loft office property at 314 W. Institute Pl. in Chicago’s River North neighborhood has sold to locally-based Elmdale Partners.… Read more
New CTA South Terminal Opens for Riders
The first of two new bus and rail terminals at 95th Street opened to riders this weekend, as city officials… Read more
Is There Capital for Multifamily Construction?
In the early months of 2017, the Wall Street Journal announced that “swelling supplies of apartment units are prompting big… Read more
Industry Players to Compete for Diabetes Research
Chicago’s first JDRF Real Estate Games will come to town on Thursday, May 17 as 150 of the city’s top… Read more
Clune Construction Appoints 2 VPs and 6 SVPs
Chicago-based Clune Construction Company has continued its practice of promoting from within by naming six new SVPs and two new… Read more