Illinois
Chicago Hotel Occupancy Off to a Flying Start in 2018
Having already set a new record for tourism in 2017, Chicago may be outdoing itself this year. Hotel demand for… Read more
Arjo Renews, Expands to 62K SF in Addison
Arjo Inc. has renewed its North American headquarters lease at Meadows Corporate Center I in Addison, IL, expanding its footprint… Read more
Elon Musk Vies for Bid on O’Hare High-Speed Rail
An Elon Musk team and a partnership including Meridiam and JLC Infrastructure will vie for the assignment of designing, building… Read more
Albertsons NNN-Leased Asset Trades in Palm Desert
A single tenant net leased Albertsons property located at 74590 CA-111 in Palm Desert, CA has sold for $15.1 million.… Read more
Institutional Investors Buy Indy Assets for $33M
Meridian Plaza Two and Three, a pair of Class A office buildings in Indianapolis’ North Meridian/Carmel submarket, have been sold… Read more
Multi-Disciplinary Veteran Foussianes Joins Savills Studley in Chicago
Nick Foussianes has joined the Chicago office of Savills Studley as corporate managing director. He brings 30-plus years’ experience in… Read more
Bluemercury Expands to Tucker Development’s West Loop MXU
Luxury beauty retailer Bluemercury has signed on for two storefronts totaling 1,800 square feet at 900 West, Tucker Development Corp.’s… Read more
90 North Real Estate Promotes Two to VP
The Chicago office of London-based 90 North Real Estate Partners has promoted Martin Ahern to VP – investments and Jay… Read more
Pharma Firm Relocates from Bay Area to Chicago Suburbs
Pharmaceutical manufacturer Depomed is relocating from the Bay Area to the suburbs of Chicago. The company will establish its corporate… Read more
SMS Assist Adds SVP to Exec Team
Having recently hired Amazon’s Peter Commons as chief product officer, multisite property management platform SMS Assist is continuing to build… Read more
IN Hotel Sale Brings Condor Closer to Portfolio Repositioning
Hotel REIT Condor Hospitality Trust has closed on the sale of a legacy hotel asset, the 135-room Comfort Suites in… Read more
Acccessories Retailer Claire’s Files for Chapter 11 Reorganization
Claire’s Stores, Inc., headquartered in Hoffman Estates, IL, said Monday its US operations had filed for Chapter 11 reorganization at… Read more
Shop & Save Will Open South Shore’s 1st Supermarket Since 2014
Chicagoland grocery chain Shop & Save has signed a purchase agreement to build a new grocery store in Chicago’s South… Read more
Emanuel Awaits Scouting Visit by Amazon Team
Although details are few, due to non-disclosure agreements between Amazon and the Emanuel administration, Chicago is anticipating a visit that… Read more
Jordyn Berger Joins IPA in Seniors Housing Group
Marcus & Millichap’s Institutional Property Advisors division has hired Jordyn Berger as a director of the firm’s IPA-Seniors Housing group.… Read more
Fidelity Acquires Stewart Title for $1.2B
Fidelity National Financial Inc. is acquiring Houston-based insurer Stewart Information Services Corp in a $1.2-billion cash-and-stock deal. The move is… Read more
LA, NY, Chicago Cities to Watch in 2018, Says TH Real Estate
New research from TH Real Estate, an affiliate of Nuveen, the investment manager of TIAA, predicts investment volumes for US real estate will be… Read more
Voters Will Consider Rent Control Question
Residents in nine Chicago wards will have an opportunity Tuesday to vote in a non-binding referendum on whether the state… Read more
PE Firm Takes 70% Stake in True Value
Chicago-based retailer True Value Company will come into the portfolio of private equity firm ACON Investments, as ACON takes a… Read more