Illinois
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
City Will Add Modular Classrooms at Elementary School
As part of Chicago’s efforts to alleviate overcrowding at public schools, Mayor Rahm Emanuel broke ground on a new modular… Read more
Hunt Lines Up Fannie DUS Financing for Ann Arbor Multifamily
Hunt Mortgage has arranged a $16-million Fannie Mae DUS Green Rewards loan to finance the acquisition of Woodchase Apartments, a… Read more
Downtown Chicago the Leading Sales Market Outside NYC
The leading market for single-asset commercial property sales since 1995 should come as no surprise. It’s Manhattan, where the 25… Read more
What Are Comparative Costs to Build Out Office Space Today?
Construction costs rose 3% through 2017 and are expected to follow suit heading into 2018 and beyond, predicts JLL in… Read more
Ranked: Knight Frank’s Wealth Report Outlines Best Bang for Buck
London-based Knight Frank released its 2018 Wealth Report, which offers a glimpse into what $1 million can buy in real… Read more
140K-SF Greenhouse Symbolizes Pullman Renaissance
Gotham Greens broke ground for what will be Chicago’s largest greenhouse, a 140,000-square-foot facility in Pullman. It will be Gotham… Read more
Deal with American Airlines Keeps O’Hare Expansion Poised for Takeoff
A deal between American Airlines and the city has resolved a dispute over gate allocations that jeopardized momentum on the… Read more
Lessons from Detroit Will Be Focus of ULI Spring Meeting
This year’s Urban Land Institute Spring Meeting is set for May 1-3 at the Cobo Center in Downtown Detroit. Not… Read more
Oak St. Corridor Sees First Sale Since 2016
Mid-America Real Estate Corporation’s investment sales team has brokered the sale of 118-120 E. Oak St., Ill. The $23-million sale… Read more
Inland Securities Names Martens SVP
J. Rick Martens has joined Inland Securities as SVP. Inland Securities is the exclusive dealer-manager and placement agent for public… Read more