Illinois
KBS Refinances Two Loan Facilities Over $800M Including Chicago Tower
KBS Realty Advisors has completed two major refinancings for KBS Real Estate Investment Trust III (REIT III). The new agreements… Read more
Apartments West of Chicago Sell for $72M
Chicago-based Laramar Group has purchased the ReNew Downers Grove apartment complex for $72.1 million from FPA Multifamily. JLL’s Kevin Girard,… Read more
BKM Nearly Triples Transaction Activity in 2024
Newport Beach-based BKM Capital Partners, a vertically integrated institutional fund manager specializing in value-add light industrial properties, announced a record-setting year of… Read more
Chicago/Midwest People & Company News, week of February 14, 2025
Newmark has hired Keely Polczynski, a respected retail investment sales professional with more than 20 years of experience, to its… Read more
Wells Fargo Continues Chicago Expansion, Opens West Loop Branch
Wells Fargo celebrated the opening of its new West Loop bank branch located at 935 W. Randolph St. as it… Read more
Salem Flex/Industrial Property Goes to Calare in Sale-Leaseback
Marcus & Millichap closed today the sale of an 84,814-square-foot flex/industrial property at 1 Technology Way in Salem, MA for… Read more
Entre Commercial Realty Completes Sale of 10-Acre Crystal Lake Site
Entre Commercial Realty has sold a 10-acre site for high-quality manufactured homes at 4202 Three Oaks Drive in Cary, Illinois.… Read more
Eastham Capital Acquires Chicago MF for $76M
Eastham Capital has acquired Haven Hoffman Estates, a 550-unit residential apartment community in the Chicago suburb of Hoffman Estates. The… Read more
The Meridian Group Completes 1M-SF Industrial Building in VA
Colliers announced the completion of a 1 million square foot cross-dock facility located at 1251 Coverstone Drive, the largest speculative… Read more
Industrial: Sector Poised for Growth
The industrial construction boom took place between late 2020 and 2022. Demand for warehouse and logistics space drove speculative builds.… Read more
Developer Has Unique Plans for San Marcos Data Center
It’s no secret that data center campuses use a lot of power. Now, a Denver-based developer plans to use natural… Read more
CenterPoint Leases New Distribution Center to 3PL
CenterPoint Properties has signed a long-term lease with RJW Logistics Group, a Romeoville-based 3PL, for its state-of-the-art 976,954-square-foot distribution center… Read more
Mesirow Expands Structured Debt Capabilities, Launches SASB Platform
Chicago-based Mesirow, an independent financial services firm, announced the launch of its Single-Asset Single-Borrower (SASB) platform. Mesirow’s SASB financing platform… Read more
MCB Real Estate Acquires Pinkard Properties
MCB Real Estate has acquired Pinkard Properties and its 14-person professional team. Katherine Pinkard, co-founder of the company, which provides… Read more
Invesco Acquires Light Industrial Portfolio in Rockland County
JLL Capital Markets closed the $62.75-million sale of the I-287 Multi-Tenant Light Industrial Portfolio, a three-building, 261,950-square-foot light industrial portfolio in Valley Cottage,… Read more
Allen Matkins/UCLA Survey Sees Data Centers as Main Driver of Industrial Projects
Data centers and digital infrastructure now lead the charge for industrial development, outpacing e-commerce as the primary driver of new… Read more
Straits Row Apartments Begin Leasing in Chicago’s South Loop
Leasing has started Straits Row, a new 18-story rental tower in the South Loop that combines traditional apartments with co-living… Read more
Trammell Crow-Led Team Building Final Phase of Cypress Business Park
Trammell Crow Company (TCC) and JV partner Clarion Partners have broken ground on a 628,012-square-foot industrial project in Cypress, the third and… Read more