Office N Illinois
Naperville Financial Center sells for $6.4M

Naperville Financial Center sells for $6.4M

Podolsky Circle CORFAC International announced the sale and financing of 400 E. Diehl Road (Naperville Financial Center) in Naperville, Illinois. The Podolsky Circle middle market investment advisory team—comprised of managing principal Alissa Adler, principal John Homsher, CCIM and senior vice president Paul Tesdal—represented the seller, SARA Investment Real Estate, in the transaction.

Office N Illinois
Vintage Chicago high-rise hits the market

Vintage Chicago high-rise hits the market

One N. LaSalle Street, a 47-story Art Deco office building in Chicago’s Loop, is on the market. According to a report from Crain’s, the ownership group—a joint venture of Northbrook-based Hilco Real Estate and two MB Real Estate executives—hopes to sell the property for $125 million.

Office N Illinois
Chicago's next trophy office tower gets $665M construction loan

Chicago's next trophy office tower gets $665M construction loan

The 53-story, riverfront tower going up on the former GGP site moved closer to reality with a new round of construction financing. According to the Chicago Tribune, Howard Hughes Corp. and Riverside Investment & Development said that they have acquired a $495 million construction loan from a lending group including Bank of America and JPMorgan Chase to build the office tower at 110 N. Wacker Drive.