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Colliers Brokers Two Chicago Area Investment Sales Deals
News 2 days 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...

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Real Estate Executive Council Appoints New CEO
News 3 days 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...

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Whirlpool Completes $179M Sale-Leaseback Portfolio Deal
News 3 days 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...

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WeWork, CA Ventures to Anchor River North Office Building
News 1 week 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...

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Big Box Demand Fuels New Space Absorption Record in Chicago
News 1 week 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...

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Largest Condo Deconversion in Illinois Goes to NY Investment Firm
News 2 weeks 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...

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Related Midwest Unveils Plan for First Phase of Massive Development in Downtown Chicago
News 2 weeks 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...

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Cushman & Wakefield Strikes Deal to Acquire National Multifamily Manager
News 3 weeks 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...

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Mayor Proposes Taking TIF Deals ‘Out of the Shadows’
News 3 weeks 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...

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Horizon Therapeutics to Buy Former Takeda Pharmaceuticals Complex in Deerfield
News 1 month 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...

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Long-Vacant Hospital Property to be Converted to Senior Housing
News 1 month 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....

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‘Big Red’ Reportedly Under Contract for $370M
News 1 month 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...

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Chicago’s Industrial Market Heated Up in Fourth Quarter
News 1 month 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...

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Growing E-Commerce Marketing Firm Expands Presence in Addison
News 1 month 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...

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CA Ventures Rolls Out $12B Student Housing, Residential Investment Plan
News 1 month 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...

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Illinois Cannabis Sales Totaled Nearly $11M in First Five Days of New Law
News 1 month 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...

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Origin, Cedar Street JV Start Work on New $65M Multifamily Project in QOZ
News 1 month 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...

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Railway Plaza Multifamily Changes Hands in Reported $96M Deal
News 1 month 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...

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Long, Short-Term Obstacles to Senior Housing Development
News 2 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...

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Specialty Manufacturer Relocates Michigan HQ
News 2 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...

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Law Firm Takes Full Floor at 300 S. Wacker Office Tower
News 2 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...

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Construction Begins on 50-Story BMO Office Tower in Chicago
News 2 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...

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South Loop Apartment Tower Topped Off
News 2 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...

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CBRE Completes Medical Office Portfolio Sale
News 2 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...

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Ernst & Young Tabbed as Project Manager for Thompson Center Sale
News 2 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...

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Starwood RE Income Trust Adds 4.1M SF Midwest Industrial Portfolio
News 2 months ago
Starwood RE Income Trust Adds 4.1M SF Midwest Industrial Portfolio

CHICAGO-Miami-based Starwood Real Estate Income Trust Inc. has acquired a Midwest industrial portfolio involving 33 assets totaling 4.1 million...

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First Logistics Inks Major Expansion at Marina Crossings
News 2 months ago
First Logistics Inks Major Expansion at Marina Crossings

CHICAGO-First Logistics has signed an expansion lease deal totaling more than 108,000 square feet at the Marina Crossings development. The firm,...

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165 Acres in Lakeland Slotted for Logistics Park
News 2 months ago
165 Acres in Lakeland Slotted for Logistics Park

LAKELAND, FL-Brennan Investment Group, a Chicago-based private real estate investment firm, has purchased 164.85 acres in Lakeland for an...

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American Library Association Sells Chicago HQ Buildings
News 2 months ago
American Library Association Sells Chicago HQ Buildings

CHICAGO-After putting its headquarters complex in River North on the market for sale last September, the American Library Association reports it...

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Inland Private Capital Closes First Opportunity Zone Fund Offering
News 2 months ago
Inland Private Capital Closes First Opportunity Zone Fund Offering

ST. PAUL, MN-Inland Private Capital Corp. of Oak Brook, IL, reports it has closed its first private placement offering by a "qualified opportunity...

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