What happened, and who moved.
214 items
showing 121–180 of 214
Ventas has acquired a 136-unit senior living community in Ventura County, Calif., for $56.54 million, according to records with PropertyShark. The transaction closed July 15 for more than $415,700 per unit. JLL Capital Markets represented the seller, Chicago-based Harrison Street Asset Management, and announced the…
Associated Bank announced the completion of a $28.35 million loan to a joint venture of North Park Ventures and SNS Realty Group for development of a new transit-oriented residential development in Chicago. The loan included funds for acquisition of the former Tortenson Glass Co. which consists of nearly 30,000…
With the purchase of the Hawthorne Race Course complete and the new owner’s seeming lack of interest in keeping racing alive in the Chicago area, the nearby town of Cicero is bracing for a controversial scenario: a data center. Cicero officials are expected to consider two anti-data center resolutions when they…
PALATINE, ILL. — Interra Realty has brokered the sale of a five-building, 30-unit multifamily portfolio in Palatine for nearly $5.9 million. Paul Waterloo and Patrick Kennelly of Interra represented the private local buyer and confidential seller. The portfolio was fully occupied at the time of sale. The properties…
CHICAGO — Mid-America Real Estate Corp. has negotiated the sale of Lincoln Park West, a 37,615-square-foot retail asset located in Chicago’s Lincoln Park neighborhood. The property offers value-add potential through the lease-up or adaptive reuse of the 19,531-square-foot second floor. Tenants include PNC Bank,…
Fulton Market's metamorphosis from a meatpacking hub into the place to be for young, well-paid professionals continues to evolve, even as a tough capital markets environment complicates investment across the city. The area's strong fundamentals continue...
Chicago investor Igor Gabal cleared another hurdle in his effort to partially convert a heavily-discounted loop office building into a data center. Greenwich, Connecticut-based alternative investment firm, Strategic Value Partners, inked a deal last week to partner with Gabal on the conversion of 300 West Adams…
Hawthorn Mall in Vernon Hills is undergoing a sweeping $5 million renovation that’s bringing new restaurants, apartments and varying retailers to the area. Owner Dallas-based Centennial Real Estate is taking the traditional mall building, long-due for an upgrade, into a new era. Lighting across the interior of the…
Controversial father-son landlord duo Raphael and John Lowenstein took center stage in Cook County’s June foreclosure filings. After offloading a Kenwood apartment complex earlier this year amid mounting distress in their real estate portfolios, the Lowensteins are now facing nearly $55 million in combined…
As lawmakers in the House of Representatives appear to be zeroing in on the partnership between Compass and a Chicago-area multiple listing service, regional MLSes are bracing for potential fallout from the scrutiny of antitrust concerns. Representatives from the residential brokerage behemoth and Midwest Real…
ELGIN, ILL. — Principle Construction Corp. has completed a truck maintenance and warehouse facility for Orozco Trucking at 2580 Mason Road in Elgin. The build-to-suit project provides the climate-controlled and dry freight specialist with a permanent home following its relocation from a leased site in Elk Grove…
Dallas-based Tabani Group is looking to cash in on a prime North Shore property, targeting a price tag of a little more than $40 million for Renaissance Place in downtown Highland Park, according to sources familiar with the offering. The firm, led by Zaffar Tabani, tapped Newmark to market the 174,000-square-foot…
Related Midwest finished up the crown installation on the North Tower at 400 Lake Shore Drive, the tallest building in Chicago that’s currently under construction. Construction on the building is set to be completed in spring 2027, according to a press release. The tower has reached its target height, 72 stories…
More and more companies that vacuumed up Chicago area warehouse space during the pandemic are now shedding capacity. Available warehouse space vacancies inched up to 5 percent from 4.9 percent over the course of the quarter, according to Crain’s, who cited real estate data firm Colliers. The vacancy rate has been…
Chicago’s real estate summer for residential shoppers is looking to get hotter, and maybe even abbreviated. Scarce availability in competitive markets continued to push prices upwards into the summer as Illinois median home prices reached $345,000 in June, a 6.2 percent annual increase, with fewer homes on the…
UrbanStreet Group is planning a residential conversion of an atrium office building that used to house Motorola, as part of Schaumburg’s the District at Veridian development. During an informal presentation with village officials, UrbanStreet managing partner Bob Burk said that converting the six-story,…
🏆Alteration: The largest alteration permit issued last week was in Lakeview for $27 million of infrastructure renovation work at 655 West Irving Park Road. The project at the co-op building includes replacing water risers, waste and vent piping, and HVAC piping, as well as installing new ceilings on three floors.…
A dual-branded hotel near O’Hare International Airport is caught up in a foreclosure tied to the U.S. EB-5 visa program which grants visas to foreign developers who invest a certain amount of capital into U.S. real estate. A foreclosure filed last week alleges that the developer of the 400-key Hyatt La Quinta hotel…
Legal troubles for Chicago real estate investor Jiazhao “Frank” Chen are multiplying as the South Side landlord was named in another foreclosure lawsuit filed late last week involving three Bridgeport properties. The lawsuit is over a defaulted loan payment of nearly $820,000 against Best Credit Investment LLC, an…
Clear Investment Group, a Chicago-based real estate investment firm, has acquired Woodland Estates, a 300-unit multifamily community in Southeast Washington, D.C. The acquisition marks the firm’s second investment in the Washington metropolitan area, bringing its regional portfolio to nearly 1,000 apartment units.…
CHICAGO — Becovic Residential has acquired The Vivian, a nine-story apartment building located at 6807 N. Sheridan Road in Chicago’s Rogers Park neighborhood, for $25.6 million. The Vivian features 160 units, comprised of 104 studios and 56 one-bedroom apartments along with 9,915 square feet of ground-floor…
ELGIN, ILL. — Entre Commercial Realty has brokered the sale of a 95,179-square-foot industrial facility located at 999 Raymond St. in Elgin. The buyer, a locally based parts distributor, plans to invest in substantial renovations to both the office and warehouse areas. The freestanding property features seven…
Stotan Industrial has acquired approximately 15 acres at 11231 Katherines Crossing in Woodridge, Illinois, for the development of Stotan Crossings Woodridge, a 221,400-square-foot industrial facility. Leasing of Stotan Crossings Woodridge will be led by Sean Henrick, Jason West, Ryan Klink and Connor Niego of…
Essex Capital Markets completed the arrangement of a $19.57 million acquisition and construction loan for the redevelopment of 226 W. Ontario Street in Chicago’s River North neighborhood. The financing will support the conversion of the existing office building into a 70-unit residential property, including 60…
The Missner Group announced that Ferguson Enterprises has signed a lease for the entirety of 8130 River Drive, a 31,429-square-foot industrial building in the Chicago suburb of Morton Grove, Illinois. The full-building lease comes just six months after The Missner Group acquired the property. The single-tenant…
Amazon is close to a deal to acquire a 571K SF vertical warehouse facility on Goose Island that has sat vacant since 2024.
CHICAGO — Kiser Group has brokered the $11.5 million sale of a 78-unit apartment building located at 6748-50 N. Ashland Ave. in Chicago’s Rogers Park neighborhood. Originally constructed in 1927, the property features Art Deco architectural influences. There are eight studios, 69 one-bedroom units and one…
CHICAGO — Tree Street Group, along with development partners Magellan Development Group and Mark Goodman & Associates, has closed on an undisclosed amount of construction financing obtained through Bank OZK,… The post Joint Venture Closes on Financing for Two-Tower Mixed-Income Development in Chicago appeared first…
Pearlmark announced that it closed on a $24.2 million debt investment for the acquisition of 1201 W Lake Street, a seven-story, 141,771 square foot office building located in Chicago, Illinois. The investment was originated and structured on behalf of Pearlmark Realty Senior Mortgage Partners I, L.P. The property…
Lee & Associates of Illinois has negotiated the purchase of a 455,858-square-foot industrial building located at 16801 Exchange Avenue in Lansing, Illinois. Walter Murphy, Principal at Lee & Associates of Illinois, represented the buyer, RBT Industries (The Great Escape), a retailer of the leading home leisure…
NAMPA, IDAHO — Chicago-based Brennan Investment Group has acquired a three-building, 439,600-square-foot industrial portfolio in Nampa, located just west of Boise. Details of the transaction were not released. This purchase marks Brennan’s entry into the Boise industrial market. Completed in 2023, the tilt-up…
The number of roles tied to artificial intelligence is picking up in the Chicago market, with companies’ bets on new hires potentially bolstering the city’s office market in the coming years. Hiring momentum for AI-related roles has picked up in...
Bridge33 Capital completed an acquisition of Forest Plaza Shopping Center, a retail property located in Rockford, Illinois.
Colliers’ Dan Arends, Dougal Jeppe, Corby Marx, Joe Stevens and John Arends recently represented Swanson, Martin & Bell, LLP in a 56,760-square-foot long-term, headquarters lease restructure and renewal at 330 N. Wabash Ave. in Chicago. The 52-story riverside office tower is the last building in the U.S. designed…
NAI Hiffman and GREA announced the closing of the Downtown Hinsdale Portfolio, a four-parcel, multi-tenant commercial property located at 10 W. Chicago Avenue in downtown Hinsdale, Illinois. NAI Hiffman Senior Vice President Arthur Burrows, along with GREA Senior Managing Directors William Montana and Christopher…
Kiser Group Directors Jacob Price and Katie LeGrand facilitated the sale of a 78-unit apartment building located at 6748-50 North Ashland Avenue in Chicago’s Rogers Park neighborhood for $11.5 million. The property was acquired by a local owner-operator with an existing portfolio in the neighborhood. Originally…
“My wife is mad at me,” says local landowner
SKOKIE, ILL. AND MUNSTER, IND. — Bradford Allen has negotiated two leases on behalf of Illinois Retina in the Chicago market. The medical services provider signed a 16,228-square-foot lease in Skokie, Ill., as well as an 8,728-square-foot lease in Munster, Ind., about 30 miles southeast of Chicago. Craig Nadborne…
ELK GROVE VILLAGE, ILL. — Lee & Associates of Illinois has arranged the $5.2 million sale of a 39,879-square-foot industrial building located at 1951 Lively Blvd. in Elk Grove Village. Dustin Albers of Lee & Associates represented the buyer, Sonica International Inc., a global logistics company. John D’Orazio,…
Walker & Dunlop arranged a $43 million financing facility for six skilled nursing properties in Illinois.
Hines Global Income Trust acquired the 183,308-square-foot Wicker Park Commons retail property in Chicago for $70 million.
Highland Real Estate Partners acquired the 298-unit Exhibit on Superior apartment property in Chicago's River North neighborhood for $119 million.
Amazon has agreed to acquire a 571,423-square-foot industrial property in Chicago.
An iconic Chicago office building has received another downward revaluation, reflecting broader office market headwinds.
Built Form LLC proposed a nine-story, 52-unit mixed-use building with ground-floor retail between Jackson Blvd and Van Buren St.
Storage Star opened three self-storage facilities in Chicago, its entry into the Midwest market.
HydraVault received a foundation permit to convert a two-story building at 2538 S. Wabash Ave. into a 20MW, liquid-cooled AI data center.
UChicago signed for over 155,000 SF at the 13-story, 300,000+ SF Hyde Park Labs for cancer, biochemistry and molecular-biology research.
Bally's held a topping-off ceremony for its $1.7B, 500-room casino-hotel tower at 560 W. Grand Ave.
Marcus & Millichap announced the sale of a net-leased restaurant property occupied by Storming Crab in Rockford, Illinois. “This offering generated significant investor interest due to the property’s strong operating performance, prime location and the limited supply of comparable retail assets in the market,” said…
Tree Street Group, together with development partners Magellan Development Group and Mark Goodman & Associates, has closed on construction financing for 410 N. Elizabeth, a 33-story high-rise in Chicago’s Fulton Market neighborhood. It will be Chicago’s first all-electric, geothermal multifamily high-rise and…
CHICAGO — Swanson, Martin & Bell LLP has signed a long-term headquarters lease restructure and renewal at 330 N. Wabash Ave. in Chicago. The 52-story riverside office tower is the last building in the U.S. designed by renowned architect Ludwig Mies van der Rohe. The property features 35,000-square-foot floor…
Essex Realty Group and Essex Capital Markets announced the closing of Wilson Manor, a 33-unit multifamily property located at 3348 W. Wilson Avenue in Chicago’s Albany Park neighborhood. The property sold for $7.6 million, a $200,000 premium over the listing price. Originally renovated in 2008, Wilson Manor offers…
JLL announced the appointment of Ann MacDiarmid as executive vice president, retail corporate services, where she will serve as transaction management practice lead. Based in Chicago, MacDiarmid is responsible for overseeing and growing JLL’s transaction management service offering within retail corporate services,…
Bradford Allen has executed two recent leases with Illinois Retina in the Chicago market. The medical services provider signed a 16,228-square-foot lease in Skokie, Illinois and an 8,728-square-foot lease in Munster, Indiana, 30 miles southeast of Chicago. Craig Nadborne, executive managing director, brokerage…
CHICAGO — Kiser Group has arranged the $5.7 million sale of a 43-unit apartment building located at 5123-31 S. University Ave. in Chicago’s Hyde Park neighborhood. Lee Kiser brokered the transaction. The Norm Levin Trust sold the property to Florin Pavel. Situated a few blocks from the University of Chicago, the…
LANSING, ILL. — Lee & Associates of Illinois has brokered the sale of a 455,858-square-foot warehouse located at 16801 Exchange Ave. in Lansing, a south suburb of Chicago. Walter Murphy of Lee & Associates represented the buyer, RBT Industries (The Great Escape), a retailer of home leisure products. RBT will occupy…
HAMPSHIRE, ILL. — Principle Construction Corp. has completed a warehouse renovation for POLI FILM America Inc. at One Elgiloy Drive in Hampshire, a far northwest suburb of Chicago. The project provides the protective plastic film manufacturer with a streamlined, rectangular floor plan designed to optimize…
CHICAGO — JLL has arranged a $275 million loan and $57 million in mezzanine financing for NEMA Chicago, a 76-story luxury tower at 1210 South Indiana Ave. in Chicago. The… The post JLL Arranges $332M for Chicago Luxury Tower Refinancing appeared first on Multifamily & Affordable Housing Business .
Lee & Associates of Illinois has closed a $5.18 million sale transaction for a 39,879 square-foot building located at 1951 Lively Boulevard in Elk Grove Village, Illinois. Dustin Albers, senior vice president at Lee & Associates’ Illinois office, represented the buyer, Sonica International, Inc., a global logistics…