Illinois
JLL Arranges $32M Refi for Boutique Office Building in Chicago
JLL has arranged a $32 million refinancing for 609 West Randolph, a 15-story boutique office property totaling 95,000 square feet… Read more
Missner, Greystar-Thackeray Form JV for Chicago Stockyards Project
The Missner Group (TMG) and Greystar-Thackeray have formed a joint venture to develop a speculative industrial building at 4002 S.… Read more
Wingspan Development Group Closes $16M to Continue MF Growth
Wingspan Development Group announced that WDG Finance has closed the $16 million WDG GP Fund II, its second since 2021,… Read more
PRP Sells Manassas Data Center Development for $113M
PRP, a real estate investment management company headquartered in Washington, D.C., has sold its Northern Virginia data center property located… Read more
Realterm Adds Industrial Outdoor Storage in Boston Metro
Realterm, an independent global investment manager focused on the transportation industry, recently acquired 378 S. Worcester St., an industrial outdoor… Read more
Chicago Mayor Pivots from Property Tax Hike
Following strong opposition from Chicago’s City Council, Mayor Brandon Johnson suggested earlier this week that his proposed $300 million property… Read more
Yorktown Center Redevelopment Breaks Ground
Pacific Retail Capital Partners (PRCP), a retail operating group, and Synergy Construction, a Chicago-based privately held development and construction firm,… Read more
Chicago/Midwest People & Company News, week of November 15, 2024
The Opus Group announced the promotions of Paul Robertson and Mike Robinson to vice president of real estate development in… Read more
Luxury Retailer Aritzia Opens First Location in Kansas
Vancouver-based retailer Aritzia, a luxury women’s clothing brand, recently opened its first-ever Kansas boutique. The retailer has moved into Leawood’s… Read more
A New Use for Unused Buildings: Self Storage Facilities
Pictured: 555 Bay Area Blvd., Houston. Originally an office building, the facility was converted to self storage in 2018. Photo… Read more
Global CRE Price Declines Decelerate in Q3
Global commercial real estate pricing posted an eighth consecutive quarter of annual declines in the third quarter in 2024, MSCI… Read more
Lincoln Park Apartments Sell for $55M
Jonathan Rose Cos. recently acquired a Chicago apartment building for $55 million. The New York City-based firm bought the 186-unit… Read more
Rockefeller Group Divests Long Island Industrial to NorthBridge
Cushman & Wakefield arranged the sale of Rockefeller Group’s Candlewood Industrial Park, two Class A industrial buildings totaling 560,719 square… Read more
R.W. Holmes Closes Sale of Billerica Flex Buildings
R.W. Holmes arranged the sale of two multi-tenant flex buildings totaling 70,000 square feet at 144-154 Rangeway Rd. in Billerica, MA,… Read more
Oklo Secures Partnerships to Power Data Centers Across U.S.
Santa Clara-based Oklo Inc., which is developing fast-fission nuclear power plants, said Wednesday it’s partnering with two major data center… Read more
Verizon Renews 172K-SF Lease at Lower Manhattan Data Center
Verizon Communication Inc. appears to have signed the biggest lease in Lower Manhattan during 2024’s third quarter, reported the New York… Read more
$92M Mitsubishi Manufacturing Facility Planned in Pittsburgh
Pennsylvania Governor Josh Shapiro announced that the state is investing over $6.7 million to support Mitsubishi Electric Power Products, Inc… Read more
IRG Acquires Industrial Portfolio in St. Cloud
Industrial Realty Group, LLC (IRG) has acquired a 965,134-square-foot industrial portfolio in Central Minnesota. The eight buildings acquired are part of… Read more
IWG Adds More Coworking Spaces Across Illinois
International Workplace Group, is adding nine state-of-the-art flexible workspaces in Illinois, bringing the company’s statewide footprint to a total of… Read more