What happened, and who moved.
214 items
showing 61–120 of 214
BrightSpire Capital is in danger of losing its grip on a suburban Chicago retail property, after a DuPage County judge appointed a receiver to take control, in a foreclosure lawsuit over a $31 million securitized commercial loan that fell into default. Judge Robert G. Gibson named Chris Neilson of Dallas-based…
🏆New Building: The largest new building application filed last week was in Uptown, where Catapult Real Estate Solutions filed plans to construct a $23 million mixed-use building at 4006 North Sheridan Road. The seven-story project will replace The Holiday Club Lounge and feature 91 residential units across six…
Pacific Retail Capital Partners, the owner of Lombard’s Yorktown Center, is suing The Fresh Market for upwards of $15 million for bailing on plans to open a new store at the suburban Chicago mall. In the lawsuit filed Monday in DuPage County Circuit Court, Pacific Retail, the Los Angeles-based Yorktown Center…
CHICAGO — Related Midwest has begun leasing for the North Tower of 400 Lake Shore Drive, a 72-story apartment tower in Chicago’s Streeterville neighborhood. Once complete in March 2027, the 857-foot high-rise will deliver 635 rental apartments on the waterfront site. The North Tower comprises two distinct rental…
ILLINOIS AND INDIANA — Matthews has arranged the $16.1 million sale of a four-hospital veterinary portfolio in Illinois and Indiana. Michael Moreno, Rahul Chhajed and Andrew Evans of Matthews arranged the sale, with Kyle Matthews serving as broker of record. The assets total 37,718 square feet and are leased to two…
CHICAGO — Tree Street Group, along with partners Magellan Development Group and Mark Goodman & Associates, have begun construction of 410 N. Elizabeth, a two-tower high-rise community in Chicago’s Fulton… The post Tree Street Group, Partners Break Ground on Chicago High-Rise appeared first on Multifamily &…
CIC has rehabbed nearly 70,000 units through roughly 2,800 loans totaling $1.8B since 1984.
Village officials in the Chicago suburb of South Barrington are taking steps to create a tax increment financing district to raise funds for the redevelopment of Allstate’s former headquarters. The new TIF district would earmark funds to pay for new infrastructure and other upgrades for the site’s redevelopment, as…
Chicago-based Vequity’s plan to redevelop portions of the former Pheasant Run Resort site in St. Charles is still up in the air after the City Council punted a decision on a preliminary plan for two weeks. Debate over aspects of the plan are key to city approval — including the amount of drive-thrus and uncertainty…
Quantum Real Estate Advisors, Inc. has brokered the sale of a five-property shopping center portfolio located throughout the Midwest. The properties are in Illinois, Ohio, and Wisconsin and consist of roughly 67,000 square feet. The portfolio featured a diverse tenant lineup, including local, regional, and national…
Gary, Indiana is gearing up for fireworks in August as an $80 million blight elimination program is set to begin the demolition of vacant, derelict buildings. After demolishing the buildings, the city is hoping to revitalize its downtown with new developments including a new train station, offices and apartments,…
CHICAGO HEIGHTS, ILL. — MAG Capital Partners has acquired a 240,000-square-foot property that serves as the primary headquarters and manufacturing facility for Applied Acoustics International (AAI), a VisTech Manufacturing Solutions business and portfolio company of Angeles Equity Partners. AAI is a Tier 1 supplier…
JLL and Sterling Bay announced a $213 million refinancing for 360 North Green, a newly constructed, 500,000-square-foot office tower in Chicago, Illinois. JLL worked on behalf of the borrower, institutional investors advised by J.P. Morgan Asset Management and Sterling Bay, to secure the three-year loan from…
CHICAGO — Specialty investment bank Ziegler has advised on the sale of a three-community senior living portfolio located in Minnesota. Ziegler acted as advisor to the seller, a nonprofit organization. Affiliates… The post Ziegler Advises on Sale of Three Minnesota Communities appeared first on Seniors Housing…
Chicago’s suburban multifamily market is off to a strong start in the second half of the year as new supply lags and experienced investors trade properties. Just last week, two suburban apartment complexes traded for $78 million, public records show. The deals come after the second quarter finished on a high note…
CHICAGO — Related Midwest has begun leasing the north tower of 400 Lake Shore Drive, a 72-story community in Chicago’s Streeterville neighborhood. Full completion is slated for March 2027. The… The post Related Midwest Begins Leasing Chicago Tower appeared first on Multifamily & Affordable Housing Business .
Related Midwest announced the start of leasing for the North Tower of 400 Lake Shore Drive, the 72-story residential tower in Chicago’s Streeterville neighborhood. Once complete in March 2027, the 857-foot high-rise will deliver 635 rental apartments. “This is more than a residential tower; it is a revitalization…
Metropolis is considering converting NBC Tower's offices into apartments, with partner support and other commercial real estate deals in the Chicago area.
Daniel Management Group (DMG), a Chicago-based real estate firm focused on multifamily investment and management, has been awarded a new management assignment for The Quarry. The property was developed by Sterling Hall Capital and offers 154 luxury apartments in Fox Lake, Illinois, a northwest Chicago suburb. The…
The owner of the NBC Tower at 455 Cityfront Plaza wants to renovate a dozen floors in the mid-rise portion of the 37-story tower into apartments. Metropolis Investment Holdings, who represents the German investor who owns the property, has partnered with Chicago-based Riverside Investment & Development on the…
From June of last year to May of this year, Illinois issued 157 permits for new housing construction units per 100,000 residents. That means the state came in second-to-last in homebuilding rates among all U.S. states, according to a July 27 report by Visual Capitalist, highlighting exactly how bleak the local…
La Caisse’s gamble on turning around its two-building Chicago riverfront office complex is starting to pay off. The Canadian pension fund’s real estate arm lured a new renter in Chicago-based private equity investment manager Adams Street Partners, which signed a long-term lease for 46,000 square feet at 120 South…
A joint venture of Branch Capital Partners and Oaktree Capital Management bought a 109-unit Chicago apartment complex on the 606 trail for $41 million from Chicago-based LG Development Group. The property, called Trailhead Apartments, sits at 1744 North Western Avenue, according to Crain’s. The deal for the…
CHICAGO — Newmark has brokered the sale of a 51,795-square-foot retail condominium at 919 N. Michigan Ave. along Chicago’s Magnificent Mile. Louis Vuitton is the anchor tenant and has occupied space at the property for more than 20 years. The luxury retailer recently completed a renovation and expansion of its…
CHICAGO — JLL Capital Markets has secured a $213 million refinancing for 360 North Green, a 500,000-square-foot office tower in Chicago’s Fulton Market. Lucas Borges, Geoff Goldstein, Danny Kaufman, Kelly Gaines, Emma Berner and Ryan Planek of JLL secured the three-year loan through Barings on behalf of the…
Mike Kohan is under scrutiny for his use of funds tied to Chicago office skyscraper purchases. The mall landlord magnate, who has recently turned his attention to the Windy City’s depressed office market as a persistent buyer, allegedly diverted millions in bond proceeds to cover debts on his personal assets,…
HOUSTON – (Realty News Report) – Stotan Industrial, a national real estate development firm based, in Chicago, has acquired 20 acres near George Bush Intercontinental Airport where it will build its first industrial project in Houston. The new development, called Stotan Crossings 45, will break ground in the third…
Baby boomers are growing old, but the interest in senior living properties is not. In yet another ownership shift within the sector, Inland Group acquired two elder care properties managed by Dial Senior Living in Deer Park and Batavia, Illinois, for $90.3 million and $70.2 million, respectively. Harrison Street…
Marcus & Millichap arranged the sale of 5655 West Fullerton Avenue, a mixed-use property featuring 24 multifamily units and four retail suites, in the Belmont Cragin neighborhood of Chicago. “Belmont Cragin continues to attract investor interest due to its strong transportation connectivity, with convenient access…
Atlanta-based T5 Data Centers is pumping the brakes on part of its massive Grayslake assemblage after encountering community pushback. The developer voluntarily suspended its application to fill 15.75 acres of wetlands for remediation at the site, the Daily Herald reported. Grayslake officials advocated for the…
L3 Capital closed on its purchase of the retail space at the base of the Palmolive Building for $64.5 million, finalizing a deal The Real Deal reported the firm was pursuing earlier this summer. The Chicago private equity firm, cofounded by Domenic Lanni and Timothy Phair, acquired the 51,795-square-foot property…
FRANKLIN, TENN. — Waterton, a Chicago-based real estate investor and operator, has acquired Wyndchase Aspen Grove in Franklin. The Nashville Business Journal reports the sales prices was approximately $128 million… The post Waterton Buys Metro Nashville Asset for $128M appeared first on Multifamily & Affordable…
Grabbing the reins hasn’t kept Shai Wolkowicki in the saddle. When the Boca Raton, Florida-based investor ousted former partner Chikoo Patel in early 2025 and took control of their troubled apartments portfolio through his firm Ruby Development Group, he inherited an operational mess. Now, the bill for that…
Sterling Bay and a JP Morgan Asset Management fund scored a three-year, $213 million refinancing loan from Barings for the high-rise building at 360 North Green Street. The building in Fulton Market boasts 500,000 square feet of office space across its 24 stories, a 5,000-square-foot roofdeck on the fourth floor, a…
The redevelopment plan for a nearly 7-acre shopping complex in a North Shore suburb by contract purchaser and developer Pulte Group courted heated public debate ahead of its development application review with the Village of Northbrook. The proposal — demolishing Meadow Plaza shopping center at 1901 Cherry Lane and…
Lee & Associates of Illinois has closed a pair of lease renewal transactions totaling 73,513 square feet in Itasca, Illinois. Jeff Galante, SIOR, principal at Lee & Associates’ Illinois office, represented the tenant, Richards Building Supply, a national building exterior material supplier, in a 58,513-square-foot…
The redevelopment of the former Mars Wrigley factory has not been as easy as taking candy from a baby. Plans to convert the shuttered factory at 2019 N. Oak Park Ave. in Galewood have stalled after a series of contentious public meetings.
Skender has started the 500 N. Michigan Avenue adaptive reuse project, a transformative conversion of a 400,000-square-foot office tower into 320 residential units on Chicago’s Magnificent Mile. Developed by Connecticut-based Commonwealth Development Partners and designed by GREC Architects, the 24-story building…
Chicago — Walker & Dunlop Inc. has arranged a $555.6 million loan for the refinancing of a 14-property student housing portfolio totaling 4,295 units and 10,454 beds across nine states.… The post Walker & Dunlop Arranges $555.6 Million Refinancing for 14-Property Student Housing Portfolio appeared first on Student…
Pacific Retail Capital Partners defaulted on a $107.4 million loan backed by the Yorktown Center mall in Lombard, sending the suburban Chicago mall toward a deed-in-lieu of foreclosure. Los Angeles-based Pacific’s floating-rate commercial mortgage-backed securities debt transferred to special servicer KeyBank on…
CHICAGO AND MINNEAPOLIS — Cabot Properties has sold the North Central Portfolio, a collection of 11 industrial buildings totaling roughly 2.5 million square feet across the greater Chicago and Minneapolis markets. A global asset manager purchased the portfolio, which includes assets both developed and acquired by…
CHICAGO — Skender has begun construction on the 500 N. Michigan Ave. adaptive reuse project, which will convert the 400,000-square-foot office tower into 320 apartment units on Chicago’s Magnificent Mile. The project team includes Connecticut-based Commonwealth Development Partners and GREC Architects. Completion…
Marcus & Millichap announced the sale of a 134-unit multifamily portfolio in Berwyn and Maywood, Illinois. “This transaction highlights the continued demand for multifamily assets in western Cook County, where investors remain attracted to strong suburban fundamentals and convenient access to Chicago,” said Sam…
This is a news item published by Inside Self-Storage on July 30, 2026, reporting on Public Storage's expansion of its community solar program in Northern Illinois.
As room rates at the world’s poshest properties push past $2,000 a night, Karim Alibhai has been snapping up high-profile luxury hotels. Alibhai has built an $8 billion portfolio that includes properties from Chicago to Bermuda to Costa Rica. His company, Gencom, this year paid $320 million for the Ritz-Carlton New…
Entre Commercial Realty recently completed the sale of a 20,500-square-foot outside storage facility at 2500 Westward Drive in Spring Grove, Illinois. Sam Deihs and John M. Joyce of Entre Commercial Realty represented the seller, and Adam Fortino of Keller Williams Commercial represented the purchaser. The property…
Cabot Properties, a global investor, developer, and operator of logistics properties, today announced the successful disposition of the North Central Portfolio, a collection of 11 modern industrial properties totaling approximately 2.5 million square feet across key industrial submarkets in Greater Chicago and…
🏆Alteration: The largest alteration filing last week was in Hyde Park, where The University of Chicago secured permits totaling $10 million for work at 5207 South Harper Avenue. Hyde Park Labs is a life sciences incubator developed in collaboration with The University of Chicago, Trammell Crow and Beacon Capital…
Two local buyers snagged Northside apartment buildings last week for a combined $60 million, public records show. In one sale, the influential Wirtz Family offloaded a long-held property to a pair of local investors for $34 million and in the other, local firm Becovic Chicago bought a property for $26 million from…
A company with ties to multifamily investor Jonathan Holtzman is putting the Fisher Building at 343 South Dearborn Street up for sale just weeks after losing a separate apartment building in Chicago’s Loop. The Fisher Building boasts 184 apartment units across 20 stories, and marketing materials related to the…
Old Mission Capital is inching closer to a deal to move into Fulton Market and expand their downtown presence. The local trading firm is set to sublease 70,000 square feet across two floors at 167 North Green Street from ArcBest, , according to Crain’s, who cited sources familiar with the lease negotiations.…
MonticelloAM, along with a firm affiliate, closed a bridge loan for an apartment complex in McHenry, Illinois. The transaction was brought to MonticelloAM by Trent Niederberger of JLL Chicago. MonticelloAM Senior Managing Director Darryl Myrose worked with the JLL Chicago team on the origination of the transaction.…
After months of heated debate about the redevelopment of the historic 20-acre Mars candy factory in Chicago, Ald. Chris Taliaferro hit the reset button on discussions between the community and developer. “Our meetings thus far have not been productive in that they have been controversial in nature,” Taliaferro told…
CHICAGO — Associated Bank has provided a $28.3 million loan to a joint venture between North Park Ventures and SNS Realty Group for the development of a transit-oriented apartment property on North Sheffield Avenue in Chicago. The loan included funds for the acquisition of the former Tortenson Glass Co., which…
CHICAGO — Kiser Group has brokered the $16.3 million sale of a 65-unit apartment building located at 4601-17 N. Dover St. in Chicago’s Sheridan Park neighborhood. The transaction marks the fifth consecutive sale of the property within a brokerage history spanning nearly three decades involving Kiser brokers. The…
The legal headaches are mounting for Chicago real estate investor Shai Wolkowicki. Trusts represented by U.S. Bank Trust NA launched three foreclosure suits in Cook County Chancery Court targeting South Side residential properties managed by Wolkowicki’s firm, Ruby Development Group. The filings, submitted between…
CHICAGO — Associated Bank has provided a $29.4 million loan to a joint venture of North Park Ventures and SNS Realty Group for the development of a transit-oriented project at… The post Associated Bank Supplies $29.4M Acquisition and Development Loan for Chicago TOD appeared first on Multifamily & Affordable…
The retail space at the bottom of the Palmer House Hilton hotel is set to hit the auction block after LNR Partners took control in a sheriff’s sale in 2023. An online auction that begins on Aug. 3 has been set for the 67,438-square-foot property, which includes all of the retail, office space and the parking garage…
Oak Park could become the first municipality in Illinois to spike zoning rules that only allow single-family houses on residential lots. The goal of changing the zoning rules is to allow for construction of middle-tier housing that has been mostly missing from areas around the state. Dense, multiunit developments…
Yitzy Klor struck out in his third attempt to convert the Loop condo tower at 200 North Dearborn Street into apartments. The condo board for the tower closed a buildingwide vote this week that came in with about 34 percent of owners rejecting the $98 million offer from Klor, according to a board announcement in the…