CRE N Illinois Forecasting three corners of commercial real estate for 2019 All throughout 2018, the real estate market was once again buoyed by a virile U.S. economy. There may new challenges in 2019 in the forms of rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, yet many commercial real estate professionals remain bullish on the market going into the new year.
Multifamily Midwest "Cheap apartments" tops list of renter searches When renters are looking for apartments, what are they looking for? Not surprisingly, they’re focused on price.
Retail Midwest Smart retailers? They're shrinking their stores The key to surviving in today’s challenging retail market? For many retailers, it’s all about operating from smaller stores.
Legal N Illinois CRE Future Leaders: Sarah Kwon As part of our series, CRE Future Leaders, we caught up with Sarah Kwon, an associate in Schenk Annes Tepper Campbell Ltd.’s (SATC) commercial real estate and business law practice groups. She concentrates her practice on commercial real estate transactions, including acquisitions, dispositions, leasing, zoning and development. Kwon also focuses her practice on business law matters such as business formations and corporate governance.
Join us January 8, 2019 17th Annual Commercial Real Estate Forecast Conference Hyatt Regency Chicago151 E Upper Wacker DrChicago, IL More Information & Registration
Finance N Illinois Maverick Commercial arranges construction loan for Pilsen office project Maverick Commercial Mortgage, Inc. has arranged $33,750,000 in non-recourse bridge and construction funding for Mural Park, a two-building, loft-style office development. The loan will finance the gut renovation of two 100,000-square-foot loft office buildings located at 1901 and 1911 S. Sangamon Street in Chicago’s hip and historic Pilsen neighborhood.
CRE N Illinois J.C. Anderson completes build-out for Kia Motors training center in Lombard J.C. Anderson completed a renovation for Kia Motors America’s training center located in Lombard, Illinois.
Multifamily N Illinois Luxury condo development 900 West Washington opens in Chicago’s West Loop 900 West, a 10-story luxury condominium project by Chicago-based investor and developer Taris Real Estate, has officially opened in Chicago’s West Loop. Located at 904 W. Washington Street, the property features 22 exclusive residential condos encompassing two-and four-bedroom units, as well as two multi-story penthouses with 920-square-foot terraces.
Multifamily N Illinois Mixed-use development by Lendlease, John Buck and Intercontinental breaks ground in West Loop Lendlease, co-developer The John Buck Company and partner Intercontinental Real Estate Corporation, broke ground on 845 West Madison, a two-tower, mixed-use development in Chicago’s West Loop. Slated for a summer 2020 completion, the development will occupy the former home to skin care manufacturer H2O Plus.
Industrial O Indiana Zacher Company sells 45,000-square-foot industrial building in Indiana Fletcher Moppert and Steven Zacher of The Zacher Company represented the seller, Trelleborg Seal, in the sale of a 48,500-square-foot industrial building at 1151 Bloomingdale Drive in Bristol, Indiana.
Multifamily N Illinois South Shore multifamily development sells for $3.25 million Chicago-based commercial real estate investment services firm Interra Realty brokered the sale of a 61-unit multifamily development at 7131-51 S. Bennett Avenue in Chicago’s South Shore neighborhood. The sale price was $3.25 million.
Multifamily V Michigan FOURMIDABLE to manage Michigan apartment community FOURMIDABLE, a national real estate management and brokerage company, was awarded the management contract for Van Dyke Apartments in Sterling Heights, Michigan.
Office N Illinois GlenStar launches $20M capital improvement program at President’s Plaza GlenStar Properties, LLC and its joint venture partner Angelo Gordon & Co., L.P., have launched a $20 million dollar renovation campaign at the two-building, 830,479-square-foot President’s Plaza located at 8600 and 8700 W. Bryn Mawr in the Chicago O’Hare submarket. Ownership expects the project to be completed in the second quarter 2019.
Finance V Michigan KeyBank arranges $15 million loan for Michigan apartment building KeyBank Real Estate Capital has arranged a $15.7 million Fannie Mae first mortgage loan for Manchester Flats Apartment Homes in Ann Arbor, Michigan.
CRE N Illinois Chicago's CTA headed for $2 billion modernization A joint venture of Walsh Construction and Irving, Texas-based Fluor Corporation have been selected as the preferred partner to design and build Phase One of the Red and Purple Line Modernization Program for the Chicago Transit Authority (CTA). The $2.1 billion project will be the largest capital project in CTA’s history, ultimately resulting in expanded capacity and improved infrastructure along the region’s most used rail lines.