Illinois
World Business Chicago Taps Bears, Cubs Execs for Leadership Roles
Chicago Bears President and CEO Kevin Warren and Chicago Cubs Chairman Thomas Ricketts will join World Business Chicago. Warren will… Read more
Jewel-Osco-Anchored Retail Center Sells for $31M
Newport Capital Partners, a Chicago investment firm, has paid $30.6 million for a 109,984-square-foot grocery-anchored shopping center in Chicago’s near… Read more
AmEx to Buy Chicago-Born Startup Tock for $400M
American Express will acquire Tock, a dining reservation and event management platform, from Squarespace for $400 million in cash. Tock… Read more
Marcus & Millichap Arranges Sale of Outdoor Storage in IL
Marcus & Millichap arranged the sale of 901 Ridgeway Avenue, a 23,820-square-foot industrial storage property located in Aurora, Illinois. The… Read more
30-Unit MF Property in Uptown Sells
Chicago-based commercial real estate investment services firm Interra Realty brokered the sale of a 30-unit rental property at 5051 N.… Read more
PARIC Holdings Acquires Corporate Concepts
PARIC Holdings, a St. Louis-based parent company of several design-build firms, has acquired Chicago-based Corporate Concepts, a large Midwest contract… Read more
Illinois Investor Acquires Multi-Tenant Mission Valley Offices
Cushman & Wakefield brokered the sale of Aerofund Financial Plaza, a 48,571-square-foot multi-tenant office building in San Diego’s Mission Valley neighborhood. Located… Read more
The Fresh Market Opening at Old Dom’s in Lincoln Park
The former Dom’s Kitchen and Market location in Lincoln Park will be replaced by The Fresh Market, a North Carolina-based… Read more
JLL Reps Link Logistics in Buying Elk Grove Warehouse
JLL has represented Link Logistics, a leading operator of last-mile logistics real estate, in the acquisition of a 28,032-square-foot industrial… Read more
Essex Closes Sale of Cicero Multifamily Building
Chicago-based multifamily brokerage firm Essex Realty Group, Inc., announced it has successfully completed the sale of a 34-unit multifamily building… Read more
Chicago Tops the List for Commercial Real Property Tax Rates
Chicago and New York City have topped the list of cities for the highest effective property tax rates, more than… Read more
Chicago/Midwest People & Company News, week of June 21, 2024
Intersect Illinois announced three appointments to its board of directors: Michael Sacks, CEO and Chairman of GCM Grosvenor; Smita Shah,… Read more
108K-SF Iroquois Center in Metro Chicago Trades Hands
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Iroquois Center, a value-add neighborhood center in Naperville,… Read more
DarwinPW Realty Arranges St. Louis Lease for Beverage Distributor
DarwinPW Realty/CORFAC International Managing Broker George Cibula and Associate Luke Ferzacca, along with Intelica/CORFAC International’s Joel Meyer, SIOR, and Ben… Read more
Stream Acquires Halsted Pershing Business Center in Chicago
Stream Realty Partners has acquired the Halsted Pershing Business Center, located at 815 W. Pershing Avenue in Chicago’s Stockyards submarket.… Read more
Legal Sea Foods Plans to Open Chicago Flagship Restaurant
Legal Sea Foods, a New England-based dining brand, has unveiled a first look at its upcoming Chicago location at Marina… Read more
Illinois Announces $41B Infrastructure Program
Illinois has unveiled the largest infrastructure program in the state’s history, with plans to spend $41.42 billion on roads, bridges,… Read more
Chicago City Council Approves Land Sale to Developer for Industrial Project
A previously proposed land sale that would replace seven adjacent city lots in West Garfield Park, has been approved by… Read more
Walker Webcast: Guest Peter Linneman Chats About Capital, Asset Types – and Yes, Fed Cuts
With Q2 2024 winding down, it’s time to look back and anticipate what’s to come. On June 19, 2024, the… Read more