Illinois
Chicagoland Property Group Buys Net-Leased Burger King
Marcus & Millichap has closed the sale of a net-leased Burger King location in Valparaiso, Indiana. The property sold for… Read more
DC Waldorf Astoria Slated for Foreclosure Sale Again
The Waldorf Astoria in Washington, D.C. is set for auction on August 5, following a canceled sale last month. Alex… Read more
Onni Secures $1B Refinancing for Chicago, L.A. Apartment Portfolio
Canadian developer Onni Group has secured $1 billion in refinancing for an eight-tower apartment portfolio in Chicago and the Los… Read more
Jelly Belly to Close North Chicago Plant
The Jelly Belly plant in North Chicago is set to close in October, with the parent company, Ferrara Candy, planning… Read more
JLL Hires Americas Head of Client Sourcing, Procurement in Chicago Office
JLL has hired LaWanda Savage-Henton as its Americas Head of Client Sourcing and Procurement. In this role, she leads all… Read more
CAVA Opens Second Chicago-Area Location in Vernon Hills
CAVA has opened its second Chicago area restaurant. The fast-casual Mediterranean restaurant chain now has a 2,400-square-foot location in Vernon… Read more
iFAB Tech Hub Lands $51M in Federal Funding
The University of Illinois at Urbana-Champaign’s Illinois Fermentation and Agriculture Biomanufacturing (iFAB) Tech Hub was one of 12 U.S. Tech Hubs that… Read more
John Deere Buys Land to Develop 1M-SF Indiana Warehouse
Moline, Illinois-based agricultural giant John Deere has closed on the $7 million sale of a 234-acre undeveloped parcel in northwest… Read more
CA Buyer Snags Net-Leased Frozen Custard Shop in Mokena
Andy’s Frozen Custard, a net-leased property in the Chicago MSA suburb of Mokena, was recently purchased by a California-based family… Read more
Lee & Associates of Il Negotiates Sale of Mount Prospect Restaurant
Lee & Associates negotiated the 4,669-square-foot sale of Buddy’s Bites and Brews at 702-718 N River Road, Mount Prospect, Illinois,… Read more
PGIM Real Estate Provides $98M for 7-Property Industrial Portfolio
PGIM Real Estate has provided a $98.3 million floating-rate loan for a seven-asset industrial portfolio through its core-plus lending strategy.… Read more
Fillmore Linen Opens at 168K-SF Business Hub in North Lawndale
Fillmore Linen Service, a locally owned industrial-scale laundry facility in North Lawndale, has officially opened. It will serve Chicago-area hospitals… Read more
Kin Insurance Subleases 20K SF at the Merchandise Mart
Kin Insurance, a Chicago-based home insurance company, has subleased more than 20,000 square feet on the ninth floor at the… Read more
Report: Chicago Office Market Leasing Activity Remains Expiration-Driven
The downtown Chicago office market experienced divergent conditions in Q2, with overall inventory remaining stable at 148.7 million square feet,… Read more
Marcus & Millichap Brokers Sale of Net-Leased Walgreens in Jefferson City
Marcus & Millichap has brokered the sale of a net-leased Walgreens location in Jefferson City, Missouri. The property sold for… Read more
Nominations Are Open for Connect CRE’s 2024 Women in Real Estate Awards
For the eighth consecutive year, Connect Commercial Real Estate will honor women whose talent, drive, leadership and fresh ideas have… Read more
Google, CME to Build Chicago-Area Facility to Move Trading Into Cloud
Chicago-based CME Group and Google Cloud have announced plans to build a new private Google Cloud region and a co-location… Read more
Northwestern University Breaks Ground on New Stadium
Northwestern University recently held a formal groundbreaking for its new Ryan Field on the site of the demolished football stadium.… Read more
Inland Chicago Retail-Focused DST Sells Suburban Retail Property
Inland Private Capital Corporation (IPC) closed the sale of a retail property in Downers Grove, Illinois, a southwest suburb of… Read more