Illinois
Developers Break Ground on Chicago Affordable Housing Project
Chicago Mayor Brandon Johnson recently joined Lagfin and R2 Companies to break ground on 79 West Monroe, a $64 million… Read more
Greystone Provides $15M in Financing for Midwest MF Portfolio
Greystone has provided a total of $15.4 million in Fannie Mae Delegated Underwriting & Servicing financing to refinance two properties… Read more
Mag Mile Capital Secures $15M in Financing for Marriott Rochester Airport
Chicago-based Mag Mile Capital, Inc. has closed $14.5 million in CMBS financing for the Marriott Rochester Airport, a hotel located… Read more
Rivian Expands Plant in Normal for R2 Production
Electric vehicle maker Rivian is ramping up its manufacturing footprint in Normal, Illinois, to prepare for the production of the… Read more
Savills Renews West Loop Chicago Office Lease
Savills has extended its long-term lease for its Chicago office. The global real estate advisory firm will remain in an… Read more
F.H. Paschen Tops Out Chicago-Area Workforce Housing
F.H. Paschen has topped off the first phase of the Bellwood Gateway Development, a $43 million workforce housing project in… Read more
Kiser Brokers $11M Edgewater Portfolio Sale
Kiser Group Partner Andy Friedman and Senior Director Jake Parker have closed the sale of three fully occupied multifamily properties… Read more
JLL to Acquire Investment Banking Firm Javelin Capital
JLL has agreed to acquire Javelin Capital, a renewable energy investment banking firm with offices in New York and Chicago,… Read more
JLL: Data Center Sector Remains Strong Amid AI Growth
Despite challenges and unique market dynamics, data centers are thriving. According to JLL’s new North America Data Center Year-End 2024… Read more
Portland Art Museum Sets Date to Open $111M Campus Expansion
The Portland Art Museum (PAM) announced that its expanded and renovated campus will open to the public on November 20,… Read more
Tishman Speyer Secures 240K-SF Lease Extension at Chicago’s CME Center
Tishman Speyer completed a 240,000-square-foot lease extension with bp at CME Center in the heart of Chicago’s West Loop district.… Read more
NAI Hiffman Closes Joliet Industrial Outdoor Storage Deal
NAI Hiffman has completed the sale of 18424 NW Frontage Road in Joliet for $4,625,000. The seven-acre, fenced and secured… Read more
Essex Brokers Sale of Sauk Village Apartment Complex
Essex Realty Group has negotiated the sale of a ten-building multifamily portfolio consisting of 180 total units. The portfolio sold… Read more
Edwards Realty Company Breaks Ground on Orland Park Development
Orland Park-based Edwards Realty Company and the Village of Orland Park are set to break ground on Downtown Orland Park,… Read more
JLL Secures $55M for Luxury Townhomes in Deerfield
JLL has arranged a $45.7 million construction financing and a $9.9 million mezzanine financing for Park5 Luxury Rental Townhomes, a 144-unit… Read more
Chicago/Midwest People & Company News, week of March 21, 2025
W.E. O’Neil Construction announced that Brian Ramsay is transitioning from CEO to chairman of the board while John Finn will… Read more
Venture One Buys 219K-SF Waukegan Industrial Facility
Venture One Real Estate, through its acquisition fund, VK Industrial VII, LP, has closed on the acquisition of a 218,617-square-foot… Read more
Return to Lender: Week of March 20, 2025
CLARIFICATION: As reported by Connect CRE on March 13, Morningstar Credit initially cited “monetary term default” as the cause behind… Read more
Interra Brokers $10M Sale of Gold Coast Condo Building
Interra Realty has brokered the $10 million sale of an eight-unit condominium building at 1447 N. Dearborn Parkway in Chicago’s… Read more