Illinois
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
Dayton Street Hires Rising Star for Underwriting
Dayton Street Partners, a niche real estate investment and development firm, has hired Joe Moriarty as an associate responsible for… Read more
Rose Center Partners on Neighborhood Strategy for Columbus, OH
The Rose Center for Public Leadership, jointly operated by the National League of Cities and the Urban Land Institute, is… Read more
Opus Partnership Launches TOD in Downtown Elmhurst
The Opus Group has launched construction on a mixed-use development in the Chicago suburb of Elmhurst, IL. The six-story, transit-oriented… Read more
Citadel Center Goes Big on Capital Improvements
Even as the Citadel Center at 131 South Dearborn has experienced a spate of large-footprint leases, ownership is springing for… Read more
Public Review Continues for Obama Center Plan
Ahead of next month’s presentation to the City Council by the Obama Foundation, city officials updated community stakeholders on potential… Read more
Truss Opens AI-Powered Space Searches to Retailers
Truss, the artificial intelligence-powered commercial space listing platform for small- to medium-sized tenants, has now expanded to retail. The company… Read more
Northlake’s Wisdom Village Wins Plaudits for Affordable Housing
Turnstone Development’s Wisdom Village of Northlake, a new senior housing complex in Northlake, IL, was recognized with the annual Gale… Read more
$176M Sale, Financing of Chicago’s Sullivan Center Office Tower
New York-based 601W Companies acquired the 833,000-square-foot office component of Sullivan Center, an iconic commercial complex in Chicago’s Loop, from… Read more
CBL Unveils Dining, Entertainment Tenants for Former Sears in Brookfield
Construction is slated to begin early this month on the first phase of the former Sears building at CBL Properties’… Read more
J.C. Anderson Handling Renovations at Willis Tower’s Metropolitan Club
J.C. Anderson Inc. has been selected by Dallas-based ClubCorp to complete renovations to The Metropolitan, a 40,000-square-foot club located on… Read more