Illinois
Jackson Blvd Loft Office Poised to Change Hands for $24M
Market Street Real Estate Partners is under contract to acquire a downtown loft office building at 209 W. Jackson Blvd.… Read more
Illinois Employment Surpasses Previous Peak
Employment across the region and state hit a new peak this past summer, according to the Illinois Department of Employment… Read more
Hines to Add Four-Level Food Venue on Chicago Riverfront
Lettuce Entertain You Enterprises and its partners will open RPM On The Water, a four-level restaurant and events venue, as… Read more
Blackstone REIT Acquires $1.8B Canyon Industrial Portfolio
Blackstone Real Estate Income Trust, Inc. acquired the Canyon Industrial Portfolio, a 22-million-square-foot portfolio of industrial assets, for roughly $1.8… Read more
American, United Spar Over O’Hare Expansion
Two airlines, two very different views of the $8.5-billion expansion of O’Hare International Airport proposed by Mayor Emanuel. American Airlines… Read more
CGA Closes on Buy of VA Offices in Cleveland
An affiliate of CGA Real Estate Services has closed on the acquisition of office buildings occupied primarily by the Department… Read more
Draper and Kramer’s Newton Named IREM Chicago’s Top Apt. Manager
David Newton (center), property manager at 1350-1360 N. Lake Shore Dr. in Chicago, was named Accredited Residential Manager of the… Read more
Glendale Heights Industrial Trades; Will Be Online Car Sales Warehouse
NAI Hiffman recently brokered the sale of 500 Mitchell Rd. in Glendale Heights, IL. Greater Chicago Motors purchased the 20,000-square-foot… Read more
Chicago’s O’Hare $8.5B Expansion Plans Detailed
Chicago’s O’Hare International Airport is set to undergo a major $8.5-billion expansion, which will bring the first major improvements to… Read more
Apple and Facebook’s Big Data Centers Change Cowtown Culture
According to a 2017 CBRE report, the most active areas for data center construction in the U.S. were Chicago, Detroit,… Read more
U.S. Steel Sees Lift from Tariffs, Will Restart IL Facility
Although steel and aluminum makers are widely reported as unhappy with the Trump administration’s proposed tariffs, U.S. Steel is pretty… Read more
Multi-Use Sports and Expo Center Slated for Naperville
Calamos Real Estate LLC has acquired 25 acres of land across the road from its existing CityGate Centre development in… Read more
Lincoln Midwest, Mobile Doorman Partner on Apps
Chicago-based Mobile Doorman is partnering with Lincoln Property Company on a new series of apartment management apps for the multifamily… Read more
St. George Logistics Taps New CFO
Chicago-based St. George Logistics, which provides specialty 3PL and transportation services to the global supply chain, has hired Joseph Tomczak… Read more
Industry to Cook County: Don’t Change Incentives
SIOR and the Association of Industrial Real Estate Brokers are among those urging Cook County Commissions not to impose new… Read more
Concessions Continue for Rentals in Chicago’s Core
With 11,000 new apartments slated for delivery in Chicago’s core neighborhoods over the next two years, including 7,700 in 2019… Read more
‘Ride the Pink Elevator’ Comes to Chicago
Chicago’s first “Ride the Pink Elevator” campaign supporting the Susan G. Komen Foundation has come to Viridian on Sheridan, a… Read more
Wynnchurch Completes Heartland Automotive Buy
Middle-market private equity firm Wynnchurch Capital LLC, headquartered in Rosemont, IL, has reportedly completed the acquisition of Heartland Automotive Services,… Read more
E-Commerce Veteran Joins SMS Assist Team
Facilities management tech firm SMS Assist has hired Amazon veteran Peter Commons as chief product officer. Most recently director of… Read more