Office N Illinois Sustainability requires us to (co)work together One of the central tenets of green building is the conservation of finite resources. One resource that’s often overlooked but certainly worth conserving is physical space. Efforts to reduce the amount of space we use coincides with a growing trend in commercial real estate: coworking facilities.
Finance N Illinois Waterton closes $920M multifamily value-add investment fund Chicago-based national real estate investor and operator Waterton has closed its latest multifamily, value-add investment fund, Waterton Residential Property Venture XIII, L.P. (“Venture XIII”), with $920 million of equity commitments, surpassing its $750 million target. Waterton launched the fund in fall 2016 and held its final closing on …
Industrial N Illinois A crossroads of possibilities exists at I-39 and I-80 Interstate 39 stretches over 300 miles, from Normal, Illinois to just outside Wausau in Wisconsin, skirting along the western edge of the Chicago metropolitan area. Depending on where you travel, the interstate has a variety of characteristics. And at the intersection of I-39 and I-80, a unique climate exists, ripe for new development.
Healthcare N Illinois Cushman & Wakefield announces sale of medical office condo deconversion Cushman & Wakefield facilitated the deconversion and sale of the Fletcher Drive Medical Center in Elgin, Illinois. At closing, the buyer—California-based private equity real estate investor IRA Capital—collapsed the condo association and converted the asset to a standard multi-tenant medical office building.
Office N Illinois Holly Duran Real Estate Partners moves to landmark CBOT building Holly Duran Real Estate Partners LLC (HDREP) recently relocated to the landmark Chicago Board of Trading Building, vacating their longtime home in the CME Center after 35 years. HDREP has been the global real estate advisor to CME Group for over three decades and has a long business history with both buildings.
Industrial N Illinois HSA Commercial sells 218,500 SF warehouse in Lake County Chicago-based HSA Commercial Real Estate announced the completed sale of a 218,500-square-foot industrial building in the Delany Commerce Center—a multi-phase, 22.7-acre development east of the Tri-State Tollway in Waukegan, Illinois. The firm developed the distribution center in 2013 in partnership with Washington Capital Management Inc. a…
CRE W Minnesota Midwest Commercial Real Estate Hall of Fame: JLL's Steven Buss Each year, Midwest Real Estate News highlights the careers of the most successful CRE pros in its Midwest Real Estate News Commercial Real Estate Hall of Fame issue. This year, we’re running those profiles online, too. Here, then, is a look at the long and successful career of Steven Buss, managing director with the Minneapolis office of JLL.
CRE i Ohio Savills Studley names managing director of Columbus office Darin Manning, an expert in industrial and office brokerage, investment and development, has joined Savills Studley as a senior managing director in Columbus, Ohio.
Multifamily O Indiana Indianapolis-based developer Milhaus makes key hire Scot Sellers, formerly the chairman and chief executive officer of Archstone and the chairman of the National Association of Real Estate Investment Trusts, has been appointed lead independent director of Indianapolis-based multifamily developer Milhaus.
Office N Illinois Presidents Plaza office towers sell for $147M in Chicago's O'Hare market JLL’s Capital Markets experts completed the sale of Presidents Plaza, a pair of Class A office buildings at 8600 & 8700 W. Bryn Mawr Avenue in the O’Hare submarket of Chicago. New York-based alternative investment firm Angelo, Gordon & Co. bought the assets for $147 million. The seller, a partnership between Chicago’s GlenStar Properties, L…
Office N Illinois Oak Brook's Commerce Plaza refinances for $89.4M JLL’s Capital Markets experts arranged an $89.4 million, long-term loan to refinance Commerce Plaza, a 556,463-square-foot office complex in Oak Brook, Illinois. The fixed rate, non-recourse loan was secured on behalf of owners Zeller Realty Group and Olympus Ventures, LLC. The financing was provided by PGIM Real Estate Finance, the commerc…
Student Housing N Illinois The trend for student housing: amenity, proximity and efficiency It’s a good time to be a college student right now by at least one measure as student housing has gone high-end. The concrete, shoebox dorm is a thing of the past as investors and developers alike are finding benefits in amenity-rich campus housing.
Office N Illinois Suburban Chicago office market falters at the start of the year Though the Chicago suburban office market exited 2017 with a bang, the region saw a slight slowdown at the beginning of this year. That’s according to new research by Colliers International.
Office N Illinois Chicago metro office sector very active to start 2018 By just about any measure, the Chicago office market is looking strong to start the year.
CRE c Nebraska Slow commercial sectors? They're rare in Omaha by Dan RafterEd Fleming, executive vice president with the Omaha office of Colliers International, pointed to the numbers to show just how strong the Omaha market is today.
Finance Midwest Chase Commercial’s David Fetter: Rents, activity still strong in multifamily market The U.S. multifamily market ran at peak development and demand levels last year, though performance lagged a bit from earlier in this cycle. To better gauge the financing trends for the multifamily sector, we recently caught up with David Fetter, senior manager at Chase Commercial Term Lending.
Industrial N Illinois JLL facilitates sale of million-square-foot Chicago industrial portfolio for $86M JLL Capital Markets experts has completed the sale of a 1.17 million-square-foot, 11-property portfolio of high quality industrial buildings across Chicago on behalf of an institutional client. Boston-based High Street Realty Company, LLC paid $86 million for the 86 percent-leased portfolio on behalf of High Street Real Estate Fund V, L.P.
CRE N Illinois Cary Goldman launches new venture, Timber Hill Capitalizing on the rise of e-commerce and the increasing demand for last mile distribution, real estate executive Cary Goldman has launched a new venture, Timber Hill Group LLC, a private equity firm specializing in the acquisition and development of logistics-related industrial real estate. Headquartered in Chicago, Goldman will target va…
CRE N Illinois Green Courte Partners announces senior management promotions Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced the promotions of David B. Lentz to chief executive officer, Steven S. Gearhart to chief operating officer and William Glascott to deputy chief investment officer. In conjunction…
Industrial Midwest HFF announces $159M recapitalization of multi-state industrial portfolio Holliday Fenoglio Fowler, L.P. (HFF) announced the $159.2 million recapitalization of a fully leased, 11-property industrial portfolio totaling 2.77 million square feet in Illinois, Michigan, Minnesota, Ohio, Georgia, Pennsylvania and Texas.