Retail N Illinois
Associated Bank completes $14.5M loan for Woodfield-adjacent retail project

Associated Bank completes $14.5M loan for Woodfield-adjacent retail project

Associated Bank has completed a $14,505,000 refinance and construction loan for a multi-tenant retail project of Shorewood Development Group. The project, Woodfield Gatherings, will consist of three buildings totaling 30,074 square feet at 1701-1741 E. Golf Road on the ring-road surrounding Woodfield Mall in Schaumburg, IL. The parcel was formerly a parking lot for a JC Penney store.

CRE N Illinois
Date set for 8th annual CRE Broker Hockey Classic

Date set for 8th annual CRE Broker Hockey Classic

The CRE Broker Hockey Classic Fundraiser is back for its 8th annual event. Be part of the excitement on Thursday, March 1st at Johnny's Ice House West (2550 W. Madison Street, Chicago) to watch a competitive game, network with industry professionals and help raise money to benefit Inner City Education and the Chicago Blackhawks Charities.

Healthcare N Illinois
Northwestern’s Simpson Querrey Biomedical Research Center

Life sciences real estate is booming

Every industry is contending with technological disruptors, and the life sciences are no different. The commercial real estate industry is front and center in this disruption, according to CBRE analysis, and Chicago in particular is poised for growth.

Industrial N Illinois
Crawford Power Plant site changes hands, set for remediation and redevelopment

Crawford Power Plant site changes hands, set for remediation and redevelopment

Hilco Redevelopment Partners, a unit of Hilco Global, announced today the purchase and acquisition of the Crawford Power Generating Station site from NRG Energy in Chicago’s Little Village neighborhood. The Crawford site operated as a coal-fired power plant from 1925 until its decommissioning in 2012. Hilco Redevelopment Partners, based in suburban Northbrook, will undertake comprehensive remediation of the industrial site before proceeding with redevelopment. NRG Energy selected Hilco after an extensive process to sell the property.

Office N Illinois
500 W. Madison wins 2018 TOBY Award

500 W. Madison wins 2018 TOBY Award

500 West Madison in Chicago was awarded The Outstanding Building of the Year (TOBY) by the Building Owners and Managers Association (BOMA) Chicago. 500 West Madison won the award in the “Over 1,000,000 Square Feet” category. The property is managed by Transwestern on behalf of the owner, KBS Realty Advisors.

Net Lease N Illinois
Marcus & Millichap arranges sale of net-leased property

Marcus & Millichap arranges sale of net-leased property

Marcus & Millichap announced the sale of a Walgreens-anchored strip center, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. Located at 500 Northwest Highway at the intersection of Northwest Highway (Route 14) and Cary Algonquin Road in Cary, IL, this 25,258-square foot retail property has great visibility at a signalized intersection with high traffic counts of more than 31,000 vehicles passing by per day.

CRE N Illinois
    DeJeana    Chappell;SavillsStudley

Savills Studley adds DeJeana Chappell

Savills Studley announced that DeJeanaChappell has joined the firm as senior managing director, workplace strategy. Based in Chicago, she will have responsibility for the central region, including key Midwest markets and Denver. Chappell joins the firm from JLL’s Chicago headquarters.

CRE N Illinois
    Andria Winters;CBRE

Andria Winters joins CBRE

CBRE Group, Inc. announced that Andria Winters has joined the firm as senior director, business services on its advisory and transaction services team. In her new role, Winters will be managing the business operations for a team of highly accomplished real estate advisory and transactional professionals based in Chicago, serving clients both locally and across the globe.

Office N Illinois
Schaumburg Corporate Center undergoing $28 million redevelopment

Schaumburg Corporate Center undergoing $28 million redevelopment

In what is believed to be the largest redevelopment project ever undertaken in the northwest suburban office submarket, GlenStar Properties has embarked on a $28 million capital campaign at Schaumburg Corporate Center. The redevelopment will elevate the campus to Class A+ status by adding hospitality type amenities that integrate efficiency and comfort for an improved work/life balance.