As interest rates rise, commercial financing enters a new phase

December 02, 2016 No one knows yet just what kind of president Donald Trump will be. But one immediate result of his election was a quick rise in interest rates. And that has already brought a change to way developers and investors are borrowing money to fund their commercial real estate developments and acquisitions. Read more...

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McShane earns lifetime achievement award from Chicago branch of Urban Land Institute

December 02, 2016 James McShane, chief executive officer of Chicago's The McShane Companies, was honored Dec. 1 at the 22nd annual ULI Chicago Lifetime Achievement Award Dinner. Read more...

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Summit Design + Build to bring luxury condo units to Chicago’s River North neighborhood

December 02, 2016 Summit Design + Build, LLC recently started construction of boutique, luxury condominiums at 351 W. Huron in Chicago’s River North neighborhood Read more...

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NAI Hiffman brokers win industrial transaction of the year honor from NAIOP Chicago

December 01, 2016 Dan Leahy and Adam Roth with NAI Hiffman won the Industrial Broker Transaction of the Year award at NAIOP Chicago's 29th annual Awards for Excellence ceremony held in mid-November. Read more...

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Development Solutions, Inc. hires senior project manager

December 01, 2016 Michael Stella has joined Chicago's Development Solutions, Inc. as a senior project manager. Read more...

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The rent squeeze: Are new-construction apartment rents pushing too many renters away?

December 01, 2016 It's no secret that newly built apartments in urban areas are commanding high rents. But newly released numbers from MPF Research show just how costly new construction apartment units are compared to older, less desirable stock. Read more...

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Colliers International closes $52.7 million construction loan for Russland’s 15-story Chicago tower

December 01, 2016 Colliers International's structured finance team of Jeffrey Donnelly, Ulrike Ahrens and Dmitry Levkov has arranged and closed a $52.7 million construction facility for Chicago-based developer Russland Capital Group. Russland is building a 15-story mixed-use tower at 1411 S. Michigan Ave. in the South Loop submarket of downtown Chicago. Read more...

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Veteran CRE pro forms developer Hubbard Street Group in Chicago

December 01, 2016 Developer John McLinden has formed Hubbard Street Group, a new real estate development company focused on building world-class properties in prime Chicago locations. Read more...

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SmithGroupJJR adds studio leader to Chicago office

December 01, 2016 SmithGroupJJR, an architecture, engineering and interior design and planning firm, has hired Kay Wulf to lead the workplace studio at the firm's Chicago office. Read more...

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Conor Commercial Real Estate delivers 385,300-square-foot industrial facility in Elgin

December 01, 2016 Conor Commercial Real Estate recently closed the delivery of Northwest Pointe II and the purchase of a 20.5-acre site directly adjacent to the recently completed development in Elgin, Illinois. Read more...

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Chicago’s Essex Realty Group adds associate

December 01, 2016 Jordan Multack is a new sales associate at Chicago's Essex Realty Group. Read more...

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Chicago office of Pircher, Nichols & Meeks hires new associate

November 30, 2016 Reilly Gaertner has joined the Chicago office of national real estate law firm Pircher, Nichols & Meeks as an associate. Read more...

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Spellman Brady & Company wraps work on interiors package for new hospital in Illinois

November 30, 2016 St. Louis-based Spellman Brady & Company recently completed an interiors package of 385,000 square feet for Centegra Health System’s new hospital in Huntley, Illinois, which opened in August. Read more...

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Chicago’s population on three-year drop

November 30, 2016 Moving out of Chicago? You're not alone. The Midwest city saw the greatest drop in population of the country's largest metropolitan areas from 2014 to 2015, according to the latest research from ABODO. Read more...

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Lagestee-Mulder buys 63,000-square-foot office building in Lombard

November 30, 2016 Lagestee-Mulder recently closed the sale of the Finley Business Center at 2505 S. Finley Road in Lombard, Illinois. Read more...

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IWIRE fund-raising event raises more than $16,000 for Poised for Success

November 29, 2016 Industrial Women in Real Estate -- better known as IWIRE -- earlier this year kicked off the season of giving a bit early, holding a fund-raising event and clothing for Poised for Success Oct. 13 Cafe La Cave in Des Plaines, Illinois. Read more...

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Chicago industrial market celebrates another strong quarter

November 29, 2016 The Chicago area continues to prove that it’s one of the dominant CRE markets in the Midwest. A big part of this? The city’s ever-improving industrial market. Read more...

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Essex Realty Group sells 16-unit apartment complex in Chicago

November 29, 2016 Essex Realty Group, Inc. recently closed the sale of 7441-45 N. Ridge Ave., an apartment complex in Chicago. Read more...

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Oak Brook’s Inland Real Estate Brokerage & Consulting names new head of research division

November 28, 2016 Oak Brook, Illinois-based Inland Real Estate Brokerage & Consulting has named Les Sweetow head of the company's client strategy and research division. Read more...

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Chicago office of Avison Young closes 249,000-square-foot industrial sale in Milwaukee

November 28, 2016 The Chicago office of Avison Young recently closed the sale of a 249,753-square-foot industrial facility at 2300 S. 51st St. in Milwaukee. Read more...

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