Illinois
$7M Loan Boosts Motor Row Building Transformation
The 115,000-square-foot industrial building at 2222 S. Michigan Ave. on Motor Row will become a mixed-use property owned by KCI… Read more
Waldorf School Taking Over Historic Building
The former Lyman Trumbull Elementary School at 5200 N. Ashland Ave., vacant since 2013, will resume its role as an… Read more
Merchandise Mart Gets Rare Vacancy
The iconic Merchandise Mart has been almost 99% leased for years, nut that’s about to change. Publicis Groupe’s move to… Read more
Downtown Chicago Apartment Market Survives Boom
The Downtown Chicago apartment market is picking up, despite the record amount of new supply completions, Integra Realty Resources (IRR)… Read more
Irvine Co. Inks Deals at Iconic Chicago Tower
Irvine Company Office Properties signed a trio of leases totaling nearly 45,000 square feet of office space at One North… Read more
GGP Buys Macy’s Northbrook Court Store
Macy’s has sold its 280,000-square-foot store in Northbrook Court to mall owner GGP for $25 million, stoking conjecture of a… Read more
New MXU Slated for Cabrini Green
A 10-acre parcel of the former Cabrini Green public housing complex could re-emerge as a residential tower surrounded by mid-rise… Read more
West Loop Attracts Healthy Eateries
New healthy eateries are the latest additions to the West Loop’s growing dining scene. The pan-Asian H Mart entered the… Read more
CoreSite Slates 14th St. Data Center
Denver-based CoreSite Realty plans to build a 175,000-square-foot data center after its $4.5 million purchase of two acres of land… Read more
Plymouth Industrial Buys Elgin Industrial Site
The 74,613-square-foot industrial property at 440 S. McLean Blvd. in Elgin has been sold to the Plymouth Industrial REIT by… Read more
$45M Loan Secured for Hartman Building
The long-planned restoration of the downtown Hartman Building into a multifamily property came closer to fruition when broker Walker &… Read more
Equity Commonwealth Divests Philly CBD Asset in $160M Deal
Chicago-based Equity Commonwealth sold 1600 Market Street, a 39-story office tower in Philadelphia’s CBD to an affiliate of American Real… Read more
Heitman Acquires Multistate, 1.4M-SF MOB Portfolio
Chicago-based Heitman LLC acquired a 1.4-million-square-foot medical office portfolio comprised of 17 buildings in seven states on behalf of an… Read more
$300M for HNA’s Office Tower at 1180 Avenue of the Americas
Northwood Investors, a firm led by John Kukral, paid at least $300 million for 1180 Avenue of the Americas, a… Read more
Gartner Takes 74K SF at Chicago’s River North Point
Equity Office signed a 74,450-square-foot lease with Gartner, Inc. at River North Point, a 1.3-million-square-foot mixed-use property in Chicago. The Stamford,… Read more
CRE Construction Volume Declined 7% in 2017
Many of the leading U.S. metropolitan areas for commercial and multifamily construction starts showed reduced activity in 2017 compared to… Read more
Investment Sales Pros Lollio & Niedergang Join C&W’s Healthcare Advisory Group
Gino Lollio and Scott Niedergang have joined Cushman & Wakefield’s National Healthcare Capital Markets Group within Cushman & Wakefield’s Healthcare… Read more
LaSalle Announces Leadership Succession for U.S. Value-Add Fund Series
Chicago-based LaSalle Investment Management appointed Joe Munoz Chief Investment Officer of the firm’s flagship U.S. value-add fund series, LaSalle Income… Read more
JLL’s Scott Kaplan Passes Away
Veteran commercial real estate broker Scott Kaplan, an Executive Vice President at JLL, passed away unexpectedly February 2. A resident… Read more