Illinois
Lennar Sells IL-Based Tapestry Apartments for $73M
Lennar Multifamily Communities sold a 298-unit apartment property, Tapestry, to Stockbridge Capital Group, a San Francisco investment firm. Seller Lennar… Read more
University of Chicago Unloads Student Housing
The University of Chicago continues selling off its residence halls. The institution just sold three residence halls, totaling 391 units,… Read more
O’Hare Airport Set for Significant Terminal Expansion
Major air carriers have reached an agreement with the administration of Mayor Rahm Emanuel to significantly expand Chicago’s O’Hare International… Read more
Hyatt Pays $88M for Phoenix’s Royal Palms Resort & Spa
Hyatt Hotels Corp. struck a deal with Lowe Enterprises for the 119-key Royal Palms Resort & Spa in Phoenix. The… Read more
AT&T’s 1.6M-SF Chicago-Area Campus in Distress
Debt totaling approximately $56.7 million on the AT&T 1.6-million-square-foot corporate campus in Hoffman Estates, IL, has been placed with special… Read more
Walgreens’ Antitrust Concerns Wane with Rite Aid Acquisition
By: Daniella Soloway Although the government has thwarted several mergers this year (Office Depot/Staples, Allergan/Pfizer, etc.), Deerfield, IL-based Walgreens Boots… Read more
Uber Deux? Lane Partners Redeveloping Another Creative Office
Menlo Park-based Lane Partners and Chicago-based Walton Street Capital acquired another office property in Oakland at 2150 Webster St. The… Read more
Once-Distressed Evanston Office On Sales Block
Owners of the eight-story office building at 1007 Church St. in Evanston, IL have hired the Chicago office of HFF… Read more
American Realty Advisors Nabs Google’s Chicago HQ
American Realty Advisors acquired the 1K Fulton, a Class A office building in Chicago’s River West Fulton Marketplace submarket. The… Read more
Blackstone Acquires Market Center
New York-based Blackstone Real Estate Partners acquired Market Center, a 753,000-square-foot, two-building asset for an undisclosed sum from John Hancock Real… Read more
Road Extension Could Spur Chicago-Area Project
A proposed $6.6-million project to extend 191st Street, in Tinley Park, IL to connect with Oak Park Avenue, could be… Read more
Canadian Developer Plans MXU at LA Times Complex
Vancouver, Canada-based Onni Group is reportedly making plans to add a mix of uses at the Los Angeles Times complex.… Read more
George Lucas’ $700M Museum May Come to California
George Lucas is back scouting California sites for his $700-million science fiction museum. The creator of “Star Wars” cited “seemingly… Read more
$80M Suburban Chicago Office Sale Largest in 2016
Development firm John Buck Co. sold three office buildings from the Parkway Center in Deerfield, IL to Chicago-based Fulcrum Asset… Read more
Starwood Places $1.2B Mall Portfolio on Sales Block
Starwood Capital Group has reportedly hired Eastdil Secured LLC to broker a seven-mall portfolio acquired from Westfield Corp. in 2012.… Read more
$191M Sale of 440 S. LaSalle in Chicago Closes
TIER REIT Inc. of Dallas has closed on its sale of the FOUR40 office building at 440 S. LaSalle St.… Read more
HFF Secures Construction Loan for West Loop Tower
Holliday Fenoglio Fowler, L.P. (HFF) arranged a construction loan for the development of a 20-story, trophy office tower at 625… Read more