Illinois
KBS Legacy Partners Divests MF Portfolio for $480M
KBS Legacy Partners Apartment REIT, Inc. divested 11 multifamily communities totaling 3,039 units located in core markets in Minnesota, Illinois,… Read more
Medici Co-Living Space Coming to Chicago
Medici Living Group, which began its U.S. push with co-living locations in New York City and Los Angeles, has now… Read more
Essex Completes Quartet of Multi Sales Across North Side
Essex Realty Group recently completed the sales of four multifamily properties across Chicago’s North Side. Two of these sales were… Read more
LISC Awards Put South Side in the Spotlight
Three South Side projects were among the winners of the 24th annual Chicago Neighborhood Development Awards from the Local Initiatives… Read more
Colliers Sells Republic Airways HQ in Indianapolis
Colliers International has closed on the sale of College Park Plaza, a 180,637-square-foot office property in the Northwest submarket of… Read more
Uptick in VC Funding Points to More Office Space Demand
Venture capital funding in the Chicago area and statewide hit new peaks in 2017, a level of activity that portends… Read more
Barings Real Estate Closes on DuPage Spec Industrial
Barings Real Estate has completed a contract purchase of a spec industrial property at 1365-1395 Brewster Creek Blvd. in Brewster… Read more
JLL’s Da Vinci Awards Yield 2 New Client Solutions
JLL’s annual Americas Da Vinci Awards, which recognize employee ideas that can be used to deliver new solutions to clients,… Read more
Mid-America Names Hoag, Tausk to Lead Tenant Rep Team
Mid-America Real Estate Corporation’s tenant representation division for the Chicago region will be led by partners Willie Hoag and Dan… Read more
Principle Construction Completes TI on Aurora Warehouse
Principle Construction Corp. has completed tenant improvements for Magick Woods, a manufacturer and distributor of bathroom sinks and vanities, at… Read more
WNC Closes $135M Institutional LIHTC Fund
Irvine, CA-based WNC closed WNC Institutional Tax Credit Fund 44, L.P. (WNC Corp. 44), a $135 million institutional low-income housing… Read more
Mortgage Rates Drive Declines in Freddie Mac’s MF Investment Market Index
Significant increases in mortgage rates drove declines in the Freddie Mac Multifamily Apartment Investment Market Index (AIMI) across most U.S. markets for the… Read more
HFF Trades Grocery-Anchored Center for Brixmor
HFF has arranged the sale of a grocery-anchored shopping center in Dubuque, IA, on behalf of seller Brixmor Property Group,… Read more
Chicago Developer Plans Adaptive Reuse of Uptown Block
Chicago-based Cedar Street Companies plans to develop 5050 N. Broadway in Chicago’s Uptown. The block-long redevelopment of the former Combined… Read more
Chicago Stock Exchange Sold to NY Exchange’s Parent
Intercontinental Exchange (ICE), parent organization of the New York Stock Exchange, has agreed to acquire the Chicago Stock Exchange (CHX),… Read more
New Data Center Supply Spells More Options for Large Users
The third-largest data center market in the U.S., Chicago has also been a supply constrained one. However, it added 43… Read more
JLL Daily NAV REIT Lowers Fees
JLL Income Property Trust, an institutionally-managed daily NAV REIT, has reduced fees on two of its publicly available share classes.… Read more
Chicago Industrial Vacancy Ticks Downward Again
Industrial vacancies in Greater Chicago shaved another 30 basis points to end the first quarter at 8.2%, NKF reported. That… Read more
Chicago Buyer Pays $1.4B for G.H. Guenther & Son
C.H. Guenther & Son Inc., San Antonio’s oldest, still-operating family business, has been snapped up by PPC Partners, a subsidiary… Read more