Search Results for:

You are here

Chicago Industrial Spec Numbers Impressive in First Quarter; Future Uncertain Due to Coronavirus
News 17 hours ago
Chicago Industrial Spec Numbers Impressive in First Quarter; Future Uncertain Due to Coronavirus

CHICAGO-Activity was strong in the speculative industrial market in the Chicago area in the first quarter with 21 new leases signed. According to a...

Share
Origin Investments Adds Monroe Aberdeen Place to its Portfolio
News 2 weeks ago
Origin Investments Adds Monroe Aberdeen Place to its Portfolio

CHICAGO-Locally-based Origin Investments has acquired the 120-unit Monroe Aberdeen Place apartment building in the West Loop here for $65.8 million...

Share
Sale of Former Mental Health Facilities Progress
News 3 weeks ago
Sale of Former Mental Health Facilities Progress

TINLEY PARK, IL-State officials announced on Thursday that the planned sale of the Howe Development Center and adjoining Tinley Park Mental Health...

Share
Illinois Cannabis Sales Totaled Nearly $35 Million in February
News 3 weeks ago
Illinois Cannabis Sales Totaled Nearly $35 Million in February

CHICAGO-The Illinois Department of Financial and Professional Regulation reported on Wednesday preliminary numbers indicate statewide adult-use...

Share
NYC Investment Firm Pays $68M for South Loop Office Building
News 1 month ago
NYC Investment Firm Pays $68M for South Loop Office Building

CHICAGO-New York City-based 601 W Companies has acquired 801 Canal St. here in the South Loop from Canal / Taylor Venture for $68 million. The 591...

Share
Colliers Brokers Two Chicago Area Investment Sales Deals
News 1 month ago
Colliers Brokers Two Chicago Area Investment Sales Deals

ROSEMONT, IL-A major industrial property in West Chicago and a headquarters office building in Woodridge, IL totaling more than 510,000 square feet...

Share
Real Estate Executive Council Appoints New CEO
News 1 month ago
Real Estate Executive Council Appoints New CEO

NEW YORK CITY- The Real Estate Executive Council, a professional trade association for executives of color in commercial real estate, has appointed...

Share
Whirlpool Completes $179M Sale-Leaseback Portfolio Deal
News 1 month ago
Whirlpool Completes $179M Sale-Leaseback Portfolio Deal

BENTON HARBOR, MI-Locally-based Whirlpool has closed on a $178.9-million sale-leaseback deal on four distribution centers and one manufacturing...

Share
WeWork, CA Ventures to Anchor River North Office Building
News 1 month ago
WeWork, CA Ventures to Anchor River North Office Building

CHICAGO-As workers began to turn the first dirt on the 448 N. LaSalle office building here, the developer CA Ventures announced on Tuesday that the...

Share
Big Box Demand Fuels New Space Absorption Record in Chicago
News 1 month ago
Big Box Demand Fuels New Space Absorption Record in Chicago

CHICAGO-Strong tenant demand for big box industrial buildings in the Chicago region caused a surge in new leasing and tenant expansion activity...

Share
Largest Condo Deconversion in Illinois Goes to NY Investment Firm
News 1 month ago
Largest Condo Deconversion in Illinois Goes to NY Investment Firm

SKOKIE, IL-CLK Properties, which is headquartered in Woodbury, NY, has purchased the 154-building, 924-unit Heritage Village condominium complex...

Share
Related Midwest Unveils Plan for First Phase of Massive Development in Downtown Chicago
News 1 month ago
Related Midwest Unveils Plan for First Phase of Massive Development in Downtown Chicago

CHICAGO-Related Midwest has unveiled plans for "The 78," a mixed-use project that will bring 2.8 million square feet in the first phase of...

Share
Cushman & Wakefield Strikes Deal to Acquire National Multifamily Manager
News 1 month ago
Cushman & Wakefield Strikes Deal to Acquire National Multifamily Manager

CHICAGO-Cushman & Wakefield reports it has entered into a definitive agreement to purchase the third largest US multifamily property management...

Share
Mayor Proposes Taking TIF Deals ‘Out of the Shadows’
News 1 month ago
Mayor Proposes Taking TIF Deals ‘Out of the Shadows’

CHICAGO-Promising greater transparency in the city's Tax Incremental Financing approval and oversight process, Chicago Mayor Lori E. Lightfoot...

Share
Horizon Therapeutics to Buy Former Takeda Pharmaceuticals Complex in Deerfield
News 2 months ago
Horizon Therapeutics to Buy Former Takeda Pharmaceuticals Complex in Deerfield

DEERFIELD, IL-Horizon Therapeutics plc of Dublin, Ireland reports it has agreed to acquire the three-building former Takeda Pharmaceuticals complex...

Share
Long-Vacant Hospital Property to be Converted to Senior Housing
News 2 months ago
Long-Vacant Hospital Property to be Converted to Senior Housing

CHICAGO-Construction has begun on the adaptive reuse of the long-shuttered Ravenswood Hospital into a 193-unit affordable senior housing project....

Share
‘Big Red’ Reportedly Under Contract for $370M
News 2 months ago
‘Big Red’ Reportedly Under Contract for $370M

CHICAGO-The John Buck Co. is poised to sell the 1.2-million-square-foot 333 S. Wabash Ave. office building, known in the market as "Big Red" to a...

Share
Chicago’s Industrial Market Heated Up in Fourth Quarter
News 2 months ago
Chicago’s Industrial Market Heated Up in Fourth Quarter

CHICAGO-The Chicago industrial market saw a host of large deals in late 2019 that stabilized the overall vacancy rate at 6.1%, according to a...

Share
Growing E-Commerce Marketing Firm Expands Presence in Addison
News 2 months ago
Growing E-Commerce Marketing Firm Expands Presence in Addison

ADDISON, IL-Fast growing CPG. IO has signed a new deal to convert its sublease to a direct-lease and expand its presence at the 1150 N. Swift Road...

Share
CA Ventures Rolls Out $12B Student Housing, Residential Investment Plan
News 2 months ago
CA Ventures Rolls Out $12B Student Housing, Residential Investment Plan

CHICAGO-Locally-based CA Ventures says it will embark on a $12-billion investment strategy for the firm's North American student housing and...

Share
Illinois Cannabis Sales Totaled Nearly $11M in First Five Days of New Law
News 2 months ago
Illinois Cannabis Sales Totaled Nearly $11M in First Five Days of New Law

CHICAGO- The Illinois Department of Federal and Professional Regulation reports that statewide adult-use cannabis sales from the first five days of...

Share
Origin, Cedar Street JV Start Work on New $65M Multifamily Project in QOZ
News 2 months ago
Origin, Cedar Street JV Start Work on New $65M Multifamily Project in QOZ

CHICAGO-Construction has begun on a new $64.5-million multifamily project in the city's Pilsen neighborhood by a joint venture of Chicago-based...

Share
Railway Plaza Multifamily Changes Hands in Reported $96M Deal
News 2 months ago
Railway Plaza Multifamily Changes Hands in Reported $96M Deal

NAPERVILLE, IL-Less than two months after a partnership of BH Equities of Des Moines, IA and New York City-based Cantor Fitzgerald spent $78...

Share
Long, Short-Term Obstacles to Senior Housing Development
News 3 months ago
Long, Short-Term Obstacles to Senior Housing Development

CHICAGO, IL-With the overbuilding of senior housing and low occupancy levels, developers are now readjusting their expectations as they respond to...

Share
Specialty Manufacturer Relocates Michigan HQ
News 3 months ago
Specialty Manufacturer Relocates Michigan HQ

NEW HUDSON, MI- Exotic Automation & Supply reports it has relocated its headquarters and ParkerStore from Farmington Hills, MI to newly constructed...

Share
Law Firm Takes Full Floor at 300 S. Wacker Office Tower
News 3 months ago
Law Firm Takes Full Floor at 300 S. Wacker Office Tower

CHICAGO-The locally-based law firm Schoenberg Finkel Newman & Rosenberg, LLC has inked a 15,460-square-foot, long-term lease at "The 300" office...

Share
Construction Begins on 50-Story BMO Office Tower in Chicago
News 3 months ago
Construction Begins on 50-Story BMO Office Tower in Chicago

CHICAGO-BMO Financial Group and Riverside Investment & Development were joined by city officials on Friday to break ground on the 50-story BMO...

Share
South Loop Apartment Tower Topped Off
News 3 months ago
South Loop Apartment Tower Topped Off

CHICAGO-Construction on the largest residential project built in the South Loop McCormick Square area since 2010 is progressing toward completion...

Share
CBRE Completes Medical Office Portfolio Sale
News 3 months ago
CBRE Completes Medical Office Portfolio Sale

ELGIN, IL - CBRE has completed the sale and financing of a 470,000-square-foot medical office portfolio, comprised of nine buildings throughout...

Share
Ernst & Young Tabbed as Project Manager for Thompson Center Sale
News 3 months ago
Ernst & Young Tabbed as Project Manager for Thompson Center Sale

CHICAGO-Illinois Gov. JB Pritzker announced late last week that the State of Illinois has selected Ernst & Young Infrastructure Advisors, LLC as...

Share