Illinois
Advocate to Invest $1B, Build New Hospital on Chicago’s South Side
Advocate Health Care announced plans to invest $1 billion over the next 10 years in a new hospital, 10 outpatient… Read more
Prudent Growth Buys Multi-Tenant Shopping Center in Champaign
Prudent Growth Partners has completed its first acquisition in Illinois, a $5.1 million purchase of Champaign Station in Champaign. The… Read more
Marcus & Millichap Arranges Sale of Retail Strip in Aurora
Marcus & Millichap has completed the sale of 5 N. Root St., a six-suite retail strip property located in Aurora,… Read more
RMK Management to Manage Three Chicago Rental Properties
RMK Management Corp. has been named property manager for three multifamily rental properties in Chicago’s northern suburbs. The properties are… Read more
IBM to Join Quantum Computing Campus in Chicago
IBM and Illinois Governor JB Pritzker have announced a collaboration to establish the new National Quantum Algorithm Center in the… Read more
Report: Commercial Properties Underassessed in Cook County
The Cook County Property Tax (PTAX) Reform Group, in collaboration with Josh Myers Valuation Solutions, has released a comprehensive study… Read more
Clune Construction Completes O’Hare Lounge Project
Clune Construction has completed the LOT Polish Airlines’ first American business lounge at Chicago O’Hare International Airport’s Terminal 5. The… Read more
Midwest Napa Auto Parts Portfolio Sells for $70M
JLL has secured the $70.254 million sale of Napa Auto Portfolio, comprising 41 net-leased retail properties across six Midwest states. JLL… Read more
High Competition in the Rental Housing Market During 2024
Developers have been busy building apartment buildings this past year. According to RentCafe, more than half a million rental units… Read more
Chicago/Midwest People & Company News, week of December 12, 2024
Project Management Advisors, Inc. (PMA) has welcomed Brad Moeller to its team as vice president. Based in the firm’s Chicago… Read more
Kehe Distributors Renews, Expands HQ in Naperville
Transwestern Real Estate Services (TRS) announced that KeHE Distributors LLC has committed to a long-term lease at Naperville Corporate Center,… Read more
Two Austin Rental Assets Included in $525M Refi
Newmark Group completed a $525 million refinancing of six properties on behalf of ICONIQ Capital and Sentral. The financing was provided… Read more
Skender Completes Renovation of West Side Apartment Buildings
Skender and its joint venture partner, Blackwood Group, completed the renovations of two West Side senior living apartment buildings in… Read more
Cinnaire Receives $6M in Awards from FHLBank Chicago
Cinnaire has been awarded $6 million in Affordable Housing Program (AHP) subsidies by the FHLBank Chicago to support three housing projects… Read more
Gallagher Acquires AssuredPartners for $13.5B
Insurance broker Arthur J. Gallagher has signed a definitive agreement to acquire AssuredPartners for $13.45 billion. The transaction is subject… Read more
Cawley Completes 200K-SF in Tenant Representation Deals
Cawley Commerical Real Estate announced the completion of nine tenant representation transactions totaling over 200,000 square feet across the Chicagoland… Read more
Construction Begins on Lincoln Park Residential Development
General contractor Summit Design + Build has officially broke ground at 537 W. Drummond, a seven-story residential development coming to… Read more
Berkadia Sells Assisted Living Portfolio in Chicago, Milwaukee
Berkadia has completed the sale of three senior living communities offering assisted living and memory care services in the Chicago… Read more
Batch Freight Relocates, Expands Chicago Headquarters
BATCH Freight (BATCH), a logistics technology company, is relocating its downtown Chicago headquarters and will nearly double its office footprint.… Read more