Retail N Illinois
Empty storefronts pose unique retail opportunities

Empty storefronts pose unique retail opportunities

Over 2,500 storefronts closed during the first half of this year, with another 500+ retail locations expected to follow suit before the year is out. But all is not lost. According to a new retail outlook research report by JLL, these store closures present an opportunity for new retail and new uses, whether those vacancies are in strip malls, power centers or regional malls.

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Multifamily N Illinois
TGM acquires sixth Chicago-area multifamily community

TGM acquires sixth Chicago-area multifamily community

New York-based TGM Group has acquired a 347-unit, mid-rise apartment community in Northbrook, Illinois, their sixth in the Chicago market. Located at 770 Skokie Boulevard, the property was constructed in 2016 by a joint venture between Chicago-based Morningside Group and Schaumburg-based Crossroads Development Partners. Terms of the deal were not disclosed.

Multifamily N Illinois
1940 Sherman Avenue, a 56-unit apartment building located on the southwest corner of the intersection of Sherman and Foster in Evanston.

Kiser Group brokers $17M Evanston multifamily portfolio

Kiser Group recently brokered an Evanston portfolio for $17,025,000. The properties are located at 1940 Sherman Avenue and 829 Foster Street in Evanston, Illinois. The buyer, an undisclosed purchaser, bought the 87 apartment and 3 retail unit portfolio from Stephen Matic. The deal was brokered by Kiser Group’s Danny Mantis, broker, and Lee Kiser, principal and managing broker.

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