Normal
Mid-America Executes Sale of Illinois Retail Center on Behalf of JV
Mid-America Real Estate Corporation’s Investment Sales Group announced the sale of Shoppes at College Hills, a 144,555-square-foot regional town center… Read more
JLL Arranges Sale of Student Housing Property Near Illinois State University
JLL has arranged the sale of The Flats at ISU, a 155-unit, 447-bed student housing community serving Illinois State University in… Read more
Rivian to Receive $16M from Illinois to Build New Supplier Park
Rivian is set to receive $16 million in state incentives from Illinois to support the construction of a new 1.2… Read more
Rivian Expands Plant in Normal for R2 Production
Electric vehicle maker Rivian is ramping up its manufacturing footprint in Normal, Illinois, to prepare for the production of the… Read more
Marcus & Millichap Facilitates Sale of Chipotle-Leased Property in Normal
Marcus & Millichap completed the sale of a two-suite retail strip property leased to Chipotle and Blaze Pizza in Normal,… 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
VW Enters $5B Joint Venture with Rivian for “Next Generation” Electric Vehicles
Volkswagen Group will invest up to $5 billion in Irvine-based electric-vehicle manufacturer Rivian under a new joint venture, the two companies announced.… Read more
Rivian Awarded $827M Incentive Package to Expand Plant in Normal
Rivian Automotive, Inc. has received an $827-million incentive package from the State of Illinois Department of Commerce & Economic Opportunity,… Read more
RMK Management Named Property Manager for Two Illinois Complexes
RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been selected by Churchill Living as property… Read more
EV Maker Rivian to Open Chicago Showroom
California-based Rivian plans to open its first Chicago showroom location at a leased 5,160-square-foot space at 871 N. Rush Street… Read more
Draper and Kramer Provides Refi, Construction Loan on ISU Student Housing
A team led by SVP Matthew Wurtzebach of Draper and Kramer’s Commercial Finance Group has arranged a $14.875-million non-recourse refinance… Read more
Rivian Closes $2.5B Funding Round, Plans Second U.S. Factory
Electric vehicle maker Rivian has closed a $2.5-billion private funding round, led by Amazon’s Climate Pledge Fund, D1 Capital Partners,… Read more
Sentinel Net Lease Acquires Two Schnucks Groceries
Los Angeles-based Sentinel Net Lease acquired two Schnucks Fresh Food Grocery Stores for $18.3 million in central Illinois. The first… Read more
CBC’s Yount Arranges Full-Building Lease
Coldwell Banker Commercial executed a full-building lease at 2601 W. College, a 200,000- square-foot warehouse facility in Normal, IL. The… Read more
Illinois Plant Will Produce 100K Amazon Electric Vans
Six months after making a $440-million investment in electric vehicle (EV) startup Rivian, Amazon has placed what’s reportedly the largest-ever… Read more
Apartments Near Illinois State University Get New Ownership
Marcus & Millichap has arranged the sale of Lincoln Park Townhomes, a 39-unit apartment property located in Normal, IL, near… Read more