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Industrial N Illinois
Brennan Investment Group’s Elk Grove Technology Park.

Short supply to continue for Chicago's suburban industrial market

There are no signs of slowing down for industrial assets in Chicago’s suburban submarkets heading into 2019, with tenant activity driving considerable absorption and construction starts. And as demand outpaces supply, these users continue to find space shortages in many parts of Chicago, according to a new report from Brown Commercial Group, based in Elk Grove Village, Illinois.

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Multifamily N Illinois
Eight-unit Joliet apartment building sells for $475,000

Eight-unit Joliet apartment building sells for $475,000

Marcus & Millichap announced the sale of an eight-unit apartment property located in Joliet, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $475,000. Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, represented both the seller and buyer.

Multifamily N Illinois
Evergreen Real Estate completes renovation of affordable housing community

Evergreen Real Estate completes renovation of affordable housing community

Evergreen Real Estate Group has completed renovations on the Steven Michael Carroll House, a 36-unit affordable rental community in Chicago’s Logan Square neighborhood. The four-story building at 1819 N. Humboldt Blvd. is owned and operated by Thresholds, one of the oldest and largest providers of recovery services for persons with mental illnesses and substance use disorders in Illinois.

Finance N Illinois
HFF secures $27.5M in financing for Glenview multi-housing community

HFF secures $27.5M in financing for Glenview multi-housing community

Holliday Fenoglio Fowler, L.P. (HFF) has put together $27.5 million in financing for Valley Lo Tower II, a 112-unit, mid-rise multi-housing community in the northern Chicago suburb of Glenview, Illinois. HFF worked on behalf of The Marquette Companies and LEM Capital to secure the five-year, fixed-rate loan through Allstate Investments. Loan proceeds were used to acquire and substantially upgrade the boutique property.

Office N Illinois
Colliers International Chicago moves offices to 71 S. Wacker

Colliers International Chicago moves offices to 71 S. Wacker

Colliers International | Chicago moved its downtown operations into approximately 17,000 square feet of new office space at 71 S. Wacker Drive, one of the city’s premier office towers. The customized office space was designed to support wellness, engagement and community and will house Colliers International Valuation and Advisory Services (CIVAS), Chicago’s Office Advisory Group and Corporate Solutions teams.

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