Illinois
Chicago/Midwest People & Company News, week of May 22, 2026
Lee & Associates announced that Matthew Androwich has been promoted to vice president from senior associate. Androwich, who joined Lee… Read more
Equity Residential, AvalonBay to Merge for $52B Apartment REIT
Apartment REITs Equity Residential and AvalonBay Communities, Inc. on Thursday announced a definitive agreement to combine in an all-stock merger… Read more
Machinery Company Acquires Suburban Chicago Office, Warehouse Space
Entre Commercial Realty completed the sale of a 28,300-square-foot industrial building located at 280-290 Industrial Drive in Wauconda, Illinois. This… Read more
Chicago Commercial Real Estate Awards Event Raises $1M for Hunger Relief
More than 800 of Chicago’s commercial real estate professionals recently gathered at The Old Post Office to celebrate the 38th… Read more
Cadillac Dealership on Former Lincoln Yards Site Breaks Ground
Joseph Nicholas Construction (JNC), in partnership with Jack Carter Auto Group, has broken ground on Carter Cadillac of Chicago, a… Read more
Construction to Begin on Apartments in Evanston
Skender has begun construction on Mt. Pisgah Apartments, a new mixed-use affordable housing development in Evanston, Illinois, that will deliver… Read more
JLL Arranges $142M for Luxury River North MF Property
JLL has arranged a $141.817 million refinancing for Wolf Point West, a luxury multifamily property in Chicago’s River North neighborhood. JLL… Read more
Report: Chicago Office Market Remains Steady as Inventory Declines
Chicago’s suburban office market remained largely unchanged during the first quarter of 2026, according to a recent report from Transwestern.… Read more
Brown Commercial Secures Lease for Developer Cratos Industrial
Illinois Tool Works (ITW) has moved into a 60,050-square-foot industrial space at Blue Heron Business Park. The property is located… Read more
Inland Announces Sale of Retail Property in Montgomery
An affiliate of Inland National Development Company, LLC, a member company of The Inland Real Estate Group of Companies, Inc.,… Read more
Chicago-Based Stotan Industrial Launches NASA Causeway Logistics Center in Florida
Stotan Industrial, in partnership with CrossHarbor Capital Partners, has closed on 28.63 acres in Titusville, Florida, for the development of… Read more
Cushman & Wakefield Brokers $26M Sale of Chicagoland BTR Community
Cushman & Wakefield has brokered the $26.4 million sale of The Manors at Brookmere, a 108-home build-to-rent community located in… Read more
Elliott Management Snaps Up Downtown Crossing’s Godfrey Hotel
The Godfrey Hotel, a 242-key hotel in Downtown Crossing, has sold for $124 million to an affiliate of Elliott Management,… Read more
Three Trends Shaping the Multifamily Outlook
Given all of the reports and write-ups about the multifamily sector over the past five years, we know where we… Read more
Chicago/Midwest People & Company News, week of May 15, 2026
Subtext announced that Mitchell Korte has been named a partner. Korte will continue to serve as Executive Vice President of… Read more
TruCore Industrial Acquires Single Tenant Property in Peoria
TruCore Industrial has acquired a 71,552-square-foot, single-tenant, net-leased industrial property occupied by HD Supply, a wholly owned subsidiary of The… Read more
Heitman Acquires 79-Asset Self-Storage Portfolio
Heitman announced the launch of a core plus strategy focused on self-storage assets across the United States. To date, the… Read more
Webinar: Distress Cycle Evolves as $520B of Maturities Looms
With roughly $52 billion of maturing commercial real estate debt considered at-risk out of the $520 billion coming due in 2026, industry leaders on the front lines… Read more
Tishman Speyer Secures 163K-SF Headquarters Extension with Vedder
Tishman Speyer secured a 163,000-square-foot headquarters extension with Vedder at 222 N. LaSalle Street, a 26-story building in downtown Chicago.… Read more