Omnicom Group renews 112,000 square feet at Michigan Plaza

May 17, 2013 MB Real Estate EVP/Managing Director Mark Buth and Vice President Kathleen Bertrand have completed a 112,000-square-foot lease renewal for Omnicom Group Inc. at Chicago’s Michigan Plaza. Read more...

Illinois Real Estate Journal

The Missner Group completes new offices for CBIZ

May 17, 2013 The Missner Group has completed a 30,000-square-foot office build-out for CBIZ, located on two floors within 225 W. Wacker Drive in Chicago. Read more...

Illinois Real Estate Journal

EnTrust Realty Advisors completes sale of office/data center to CyrusOne

May 16, 2013 EnTrust Realty Advisors LLC has completed the sale of 1800 Springer Drive, a 60,838-square-foot office/data center building in Lombard, to CyrusOne, which occupies 96 percent of the space. Read more...

Illinois Real Estate Journal

Chicago’s Ares Commercial Real Estate Corp. to buy multi-family lender Alliant Capital

May 16, 2013 In another big commercial move, Chicago-based Ares Commercial Real Estate Corp. will buy multi-family lender Alliant Capital. The sale will cost $62.8 million. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal, Midwest Real Estate News, News

Urban Innovations acquires affordable senior residential complex

May 15, 2013 Urban Innovations has acquired Prairie View Apartments, a 14-building, 84-unit affordable Low-Income Housing Tax Credit senior housing community in Bellwood. Read more...

Illinois Real Estate Journal

Report: Chicago mayor to announce DePaul stadium plan

May 15, 2013 Chicago Mayor Rahm Emanuel is expected to announce plans this week for a 12,000-seat arena for DePaul University’s basketball teams to be built near downtown Chicago, reports the Chicago Sun-Times. Read more...

Illinois Real Estate Journal

Healthcare still a real estate star

No question – 2012 was the year of healthcare. In one of the most significant rulings in recent memory (perhaps since the awarding of the presidency to George W. Bush in 2000), the Supreme Court upheld President Obama's health care law in a nuanced interpretation of federal versus states’ rights. Read more...

Downtown office making a comeback

Downtown is back as the first spec building since 1998 gets under way. McDermott, Will & Emery leased 225,000 square feet at the 41-story 444 W. Lake, which got the green light to start construction. It is a sign of how much the market has improved that the building failed to get underwritten with 640,000 square feet of leases as recently as 2009. Clearly investors have faith in the strength of Chicago as a major business and cultural capital. Read more...

The state of small business lending

The Small Business Administration recently finished its fiscal year, and it was a record year on most all accounts. During fiscal year 2012, more than $1 billion in SBA loans were approved for small businesses in the State of Illinois alone. This represents a substantial increase over 2011. Read more...