Illinois
Unfinished Tower Could Sell for $900M
Chicago developer John O’Donnell has retained Eastdil Secured to sell a 1.2-million-square-foot tower at 150 N. Riverside Plaza in Chicago’s… Read more
NorthMarq Arranges $42M Refi for 509-Unit Asset
NorthMarq Capital arranged a $42.2 million refinancing loan on behalf of Village Green, for the 509-unit Residences at 1550 at… Read more
$125M Refi Obtained for Tides at Lakeshore East
Partners AFL-CIO Building Investment Trust and Magellan Development Group have successfully obtained a $125 million loan to refinance The Tides… Read more
Chicago Post Office Under Contract – Again
The saga of Chicago’s abandoned Old Main post office continues. The property’s British owner, developer Bill Davies, has announced a… Read more
James Center in Tacoma Sells for $31M
Phoenix-based Vestar has acquired the 140,240-square-foot James Center in Tacoma, WA from Inland American Real Estate Trust. The buyer paid $31.4… Read more
WaterWalk Targets TX, CO for Development
Wichita, KS-based WaterWalk Hotel Apartments, a model that expands mostly through franchising, has signed a $150 million agreement with Rockford… Read more
HSA, USAA Partner For Medical Office
HSA PrimeCare, the healthcare real estate division of Chicago-based HSA Commercial Real Estate, has joined forces with USAA Real Estate… Read more
Equity Office hires Paul Kurzawa
Equity Office, a wholly owned subsidiary of Blackstone, hired Paul Kurzawa as managing director of development. Kurzawa will be in… Read more
Greystar Pays $336M for NYC Properties
Greystar Real Estate Partners LLC, based in Charleston, SC, paid $336.6 million in separate transactions for two New York City… Read more
Central Park Tower Sells for $84M
Central Park Tower, a 297,672-square-foot office building in Broomfield, CO, sold for $83.5 million to GEM Realty Capital, based in… Read more
United Airlines Inks 225,000-SF Deal for Houston HQ
United Airlines Inc., based in Chicago, has signed a 225,000-square-foot lease with Hines of Houston. The deal puts UAL at… Read more
Christian Ulbrich Promoted to JLL President
In a move to separate leadership roles, Chicago-based Jones Lang Lasalle (JLL) has promoted Christian Ulbrich to the position of… Read more
Logistics, Distribution To Cool in ’16, Says JLL
According to Jones Lang LaSalle’s (JLL) second annual Global Logistics Sentiment Survey, although corporate occupier demand of distribution and logistics centers… Read more
Davies to Chicago: I Want the Post Office
Days after the city of Chicago moved to seize control of Chicago’s Old Main Post Office for redevelopment, British developer… Read more
Post Office Re-Development Taken Over by City
Years after developer Bill Davies acquired the Old Main Post office in Chicago with plans for redevelopment, the city of… Read more
Purple Hotel Site Developer Hit with $11M Foreclosure
North Capital Group, which planned to redevelop the former site of the Purple Hotel at 4500 W. Touhy Ave. in… Read more
Cohen Financial Secures $28M For San Diego Investor
Cohen Financial has secured $28.25-million in loans for San Diego-based LLJ Ventures, LLC. The funding was deployed into two assets… Read more