Multifamily N Illinois
New construction opportunity in Old Town

New construction opportunity in Old Town

Essex Realty Group has been exclusively engaged to market for sale The Northland at 1550 N. Wieland in Chicago. The 61-unit mixed-use property in the city’s Old Town neighborhood presents a rare opportunity to acquire a large luxury new construction apartment building in the heart of Old Town.

Industrial N Illinois
2131 Maxim Drive in Rockdale, Illinois. The 4.33-acre site is currently fully leased to NPL Construction.

Industrial Outdoor Ventures secures $65M loan

Industrial Outdoor Ventures (IOV) has entered into a $65 million secured revolving credit agreement with a syndicate of banks led by CIBC. The credit facility allows IOV to expand its existing holdings to $100 million plus in assets, which the company expects to achieve over the next six months.

Retail N Illinois
Ravina upgrades with renovated dining pavilion

Ravina upgrades with renovated dining pavilion

Construction is complete on the renovated and expanded Ravinia dining pavilion, the first of a two-phase project overseen by Chicago-based architecture firm Wight & Company. The expansion at the popular Ravinia Festival performance venue in Highland Park, Illinois, includes a new second-level al fresco outdoor dining area, which increases the outdoor seating capacity for patrons without adding to the building’s current 43,000 square feet of space.

Multifamily N Illinois
CRG to break ground on multifamily project in Chicago's Uptown neighborhood

CRG to break ground on multifamily project in Chicago's Uptown neighborhood

CRG, the real estate development arm of Clayco, is breaking ground to develop a multifamily apartment building in Chicago’s historic Uptown neighborhood at the intersection of Sheridan Road and Wilson Avenue. Located two blocks from the Red Line Wilson stop at 4555 N. Sheridan Road, construction will proceed throughout the next year, with delivery of the building and occupancy planned for July 2019.

Industrial N Illinois
New 316k SF spec industrial building coming to Chicago

New 316k SF spec industrial building coming to Chicago

Conor Commercial Real Estate will break ground tomorrow on their newest project, Last Mile Logistics Center I-55. The groundbreaking ceremony will take place at the project site, located at the intersection of 51st Street and St. Louis Avenue in Chicago. Alderman Ed Burke and members of the Conor Commercial team will provide remarks.

CRE N Illinois
Jack Horrigan;Midwest Industrial Funds

Continued growth and key personnel changes for Midwest Industrial Funds

Midwest Industrial Funds (MIF) announced the promotion of Jack Horrigan to director of finance and the transition of Pat Schaner to director of development as the firm continues to grow their platform. Horrigan joined the firm in 2017 and worked in tandem with Schaner for the last several months on financings, acquisitions, dispositions as well as investor relations, operations and accounting functions.

Industrial N Illinois
Timber Hill completes $2.8M renovation of Stickney industrial property

Timber Hill completes $2.8M renovation of Stickney industrial property

Chicago-based Timber Hill Group, a private equity firm specializing in the acquisition and development of logistics related industrial real estate, has completed a six-month, $2.8 million redevelopment of a cross-dock and maintenance facility located at 5000 W. 39th Street in Stickney, Illinois. Simultaneously, Delta Logistics, Inc., which signed a full facility lease earlier this year, has relocated to the modernized property.

Multifamily N Illinois
Berkadia negotiates $5.8M multifamily sale in Schaumburg

Berkadia negotiates $5.8M multifamily sale in Schaumburg

Berkadia facilitated the sale of Hawthorn Estates, located at 1919 Prairie Square in Schaumburg, Illinois. Ralph DePasquale, Alex Blagojevich and Parker Stewart of the Chicago office negotiated the transaction on behalf of Chicago-based seller, Bender Companies. An affiliate of Elmhurst, Illinois-based Lawton Realty Group, Inc. purchased the multifamily property for $5,798,000.

CRE N Illinois
Alan Tse;JLL

JLL names Alan Tse general counsel

JLL has appointed Alan Tse as global general counsel and corporate secretary effective June 27. A distinguished attorney and leader with extensive experience in companies with global operations, he will be responsible for JLL’s legal and compliance functions. Tse succeeds Mark Ohringer, who is retiring from JLL, and will be located in the company’s Chicago office.

Multifamily N Illinois
The 45-story, 492-unit 727 West Madison will be Chicago’s tallest building west of the Kennedy Expressway.

F&F Realty, Fifield Realty top off 727 West Madison

Earlier this month, F&F Realty Ltd. and Fifield Realty Corp. celebrated the topping off for 727 West Madison, a new 45-story, 492-unit luxury rental tower in Chicago’s West Loop neighborhood. At just under 500 feet, the elliptical-shaped glass high-rise, designed by FitzGerald Associates Architects with Lendlease as general contractor, will be the tallest building west of the Kennedy Expressway upon its completion.

Retail N Illinois
CBRE tapped to market Lakeview retail building

CBRE tapped to market Lakeview retail building

CBRE has been retained by ownership to list a 38,896-square-foot retail property at 3345-3361 N. Lincoln Avenue in Chicago. The site is at the convergence of three dense neighborhoods on Chicago’s North Side—Lakeview, Roscoe Village and North Center. All three markets have historically low vacancy rates and appreciating rents.