Office N Illinois
600 W. Chicago Avenue, along the upper branch of the Chicago River.

Sterling Bay completes $510M deal for Groupon headquarters

Completing a deal that was first announced last December, Chicago-based real-estate developer Sterling Bay has acquired the approximately 1.65-million-square-foot 600 W. Chicago Avenue from Sam Zell’s REIT, Equity Commonwealth. Formerly a Montgomery Ward catalog warehouse, the building is now home to more than a dozen office tenants, anchored by Groupon’s global headquarters.

CRE N Illinois
Kari Olbrecht;Cushman & Wakefield

Cushman & Wakefield expands Chicago valuation and advisory team

Global commercial real estate services firm Cushman & Wakefield has added three key valuation and appraisal professionals to its Midwest team in the Chicagoland area. The hires are the latest in a string of 140 key talent acquisitions the firm has made over the last year as it expands the reach of its valuation & advisory practice group across the Americas.

CRE N Illinois
Adam Naparsteck;High Street Realty Company

Adam Naparsteck joins High Street Realty

Boston-based High Street Realty Company announced the hiring of Adam Naparsteck as the new market leader for the firm’s Midwest regional office in Chicago. In his new role, Naparsteck will execute the investment strategies of High Street’s discretionary funds and joint-ventures within the Chicagoland market as well as maintain overall responsibility for portfolio performance within his region.

CRE N Illinois
Andrea Saewitz

Midwest Real Estate News CRE Hall of Fame profile: Cushman & Wakefield's Andrea Saewitz

Each year, Midwest Real Estate News elects the top CRE pros to its Midwest Commercial Real Estate Hall of Fame. Each week, we run profiles from that Hall of Fame issue. The goal is to give our readers a look at what makes for a CRE Hall of Famer. This week, we look at the career of Andrea Saewitz, executive managing director with Cushman & Wakefield in Chicago.

Multifamily N Illinois
5001 S. Drexel Boulevard in Kenwood

Interra Realty brokers seven Chicago-area apartment sales

Interra Realty, a Chicago-based commercial real estate investment services firm, brokered seven multifamily sales totaling approximately $11.4 million. The transactions, which closed between December and January and range from $695,000 to $3.2 million, include properties on both the north and south sides of Chicago, as well as west suburban Cicero.

Office N Illinois
Irvine Co. brings three leases totalling 45,000 SF to Chicago's One N. Wacker

Irvine Co. brings three leases totalling 45,000 SF to Chicago's One N. Wacker

Irvine Company Office Properties has leased a total of 44,458 square feet at One N. Wacker Drive, a 51-story tower in Chicago’s Loop. The leases by Egon Zehnder, a leadership solutions firm, First Industrial Realty Trust, a real estate investment trust and Kibar Americas Inc., a flat-rolled aluminum foil producer, add to the building’s reputation as one of the most sought-after addresses in the heart of downtown Chicago.

CRE N Illinois
Daniel Falkenberg;KIG CRE

KIG CRE hires Daniel Falkenberg

KIG CRE announces Daniel Falkenberg, associate — financial analytics, as the team’s newest member. Falkenberg will support the sales team by valuing assets and providing underwriting analysis for institutional asset sales.