Illinois
CRG, PCCP to Develop Industrial Park in Western NJ
CRG in a joint venture with PCCP plans to develop The Cubes at Alpha, a Class A industrial park in Alpha,… Read more
BWE Secures $139M in Financing for Manufacturing Portfolio
Cleveland-based BWE has secured $139,070,000 in first mortgage financing for a portfolio of 31 manufacturing properties totaling over 4.5 million… Read more
Rivian Opens Showroom at Westfield Old Orchard Mall
Rivian has opened its second Chicago-area store at Old Orchard Mall in Skokie. The 3,500-square-foot store is located at the… Read more
Real Realty Brokers Sale of Montgomery Townhomes
Real Realty, a Chicago-based multifamily brokerage and property management firm, announced the closing of the Kevin Drive Townhomes, a 16-unit… Read more
Essex Closes Avondale Mixed-Use Property Deal
Chicago-based multifamily brokerage firm Essex Realty Group, Inc., and Essex Capital Markets announced the closing of 2934 North Milwaukee Avenue,… Read more
Jax Port Industrial Properties Turn Over
Investment firm Stonepeak acquired nine logistics properties totaling 1.8 million square feet near the Port of Jacksonville. JLL served as… Read more
CBRE Secures Refi on Redwood City Offices
CBRE Capital Markets’ Debt & Structured Finance group secured a $37.75-million loan to refinance 101 Redwood Shores, a Class A office building… Read more
TA Realty Sells Two Warehouse Buildings in Central PA
TA Realty LLC recently sold two class A warehouse buildings to High Street Logistics Properties, LLC. The transaction between the… Read more
Entre Commercial Realty Sells Multi-Tenant Facility in IL
Entre Commercial Realty has successfully completed the sale of a multi-tenant investment facility located at 212 Lindow Lane in Marengo,… Read more
Harrison Street Sells Nearly $900M Student Housing Portfolio
Harrison Street has announced the $893 million sale of 14 student housing assets to affiliates of The Scion Group and… Read more
Chicago/Midwest People & Company News, week of November 8, 2024
JLL has named Kevin MacKenzie as President, Americas Capital Markets, JLL – effective January 1, 2025. MacKenzie will succeed Jody… Read more
Hayfin Expands Footprint with New Chicago Office
Hayfin Capital Management, an alternative asset management firm, announced it has opened an office in Chicago. Along with its New… Read more
The Making of “Future-Ready” Cities
It’s not news that most global cities are working toward sustainability and resilience. There are good reasons for this, including… Read more
Google Unveils New Renderings of Thompson Center Revamp
Google has unveiled new renderings of the lower level of the Thompson Center, which is undergoing a $280 million renovation project. Google… Read more
SVN Closes Sale of High Price-Per-Door Lombard Deal
SVN Chicago Commercial has announced the sale of a seven-unit multifamily property at 143 E Grove Street in Lombard, Illinois.… Read more
JLL Completes Recapitalization of $725M Senior Housing Portfolio
JLL has arranged the recapitalization of a $725 million, 20-asset seniors housing portfolio spanning the Sunbelt, Northeast and Midwest markets.… Read more
Net-Leased Starbucks in Third Lake Trades Hands
Marcus & Millichap closed the sale of a net-leased Starbucks location in Third Lake, Illinois. The property sold for $2,487,804.… Read more
Chicago Mayor Calls for $300M Property Tax Hike to Close Budget Gap
Chicago Mayor Brandon Johnson is calling for a $300 million property tax hike to avoid drastic cuts to city services… Read more
Trammell Crow Breaks Ground on Chicagoland Warehouse
Trammell Crow Company (TCC) has broken ground on a 788,000-square-foot speculative cross-dock warehouse in Plainfield, Illinois, approximately 40 miles southwest… Read more