Illinois
50-Story Chicago Residential High-Rise Sells for $240M
Convexity Properties of Chicago, owned by developer Don Wilson, has reportedly sold the 398-unit, 50-story North Water Apartments to Atlanta,… Read moreChicago – Weather
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American Realty Advisors Buys 604,000-SF I-88 Gateway Logistics
American Realty Advisors has acquired the I-88 Gateway Logistics Center, a 604,565-square-foot industrial asset in North Aurora, IL, west of… Read more
$36M Loan Okayed for New Chicago Marriott
Associated Bank and Inland Bank have reportedly teamed up to provide $36 million in financing for construction of a 195-room… Read more
Cole Real Estate Income Pays $20M for Home Depot
Cole Real Estate Income Strategy Inc. (Cole Income NAV) has acquired a Home Depot Center at 7300 W. 159th St.… Read more
600-Unit North Harbor Tower Under Contract to Miami Buyer
Crescent Heights of Miami, FL, an active buyer of multifamily properties in Chicago, has reportedly entered into an agreement to… Read more
First Allied Plaza Bought As Part of $753M Deal
First Allied Plaza, an office tower located at 655 W. Broadway in downtown San Diego, has traded hands as part of… Read more
$1B Related Cos. Fund Spurs Major Investor Interest
The Related Cos. intended to raise $850 million for a new operator-sponsored opportunity fund, but even better, the fund reportedly collected $1… Read more
Westfield Sells $1.1B of Mall Portfolio To JV
Australia-based Westfield Corp., one of the world’s largest shopping center developers and owners, recently sold $1.1 billion of its portfolio, spanning… Read more
Converse HQ Anticipated to Close for $150M
German investment firm Union Investment Real Estate GmbH is reportedly ready to close on the 214,000-sf Converse Headquarters at 160… Read more
CNA to Sell 1M-SF “Big Red” Office Building
CNA Financial Corp. has signed a letter of intent with developer John S. Buck Co. of Chicago to sell its… Read more
Philip Voorhees, CBRE Retail Team Offer Fully Leased Portfolio
Philip Voorhees, who is based in Newport Beach, and CBRE’s National Retail Investment Group and the Net Leased Property Group… Read more
DRA to Acquire Inland Real Estate Corp. for $2.3B
DRA Advisors of New York has reportedly agreed to acquire Oak Brook, IL-based Inland Real Estate Corp. for $2.3 billion.… Read more
CRE Icon Douglas Shorenstein Passes Away
Douglas Shorenstein, the leader of San Francisco-based Shorenstein Properties, has passed away at the age of 60. The real estate… Read more
Moody’s Analytics Begins Forecasting RCA Indices
Real Capital Analytics (RCA) and Moody’s Analytics are now partnering to forecast commercial real estate indices over a 30-year horizon. Chief… Read more
Tribune Media Selling Off More Real Estate
The owner of the Los Angeles Times, Tribune Media, is selling off more real estate in downtown Los Angeles, after… Read more
Ranked: Most Expensive Prime Office Space Worldwide
Looking to rent prime office space? According to Knight Frank’s Skyscraper Index, Hong Kong is the most expensive city to… Read more
Integra Realty Resources Names New Leadership
Integra Realty Resources, the largest independent firm providing commercial real estate valuation, counseling and market research in the U.S., has… Read more