Finance N Illinois
SunTrust originates $10.6M acquisition bridge loan for condo deconversion in Chicago

SunTrust originates $10.6M acquisition bridge loan for condo deconversion in Chicago

SunTrust Banks, Inc. announced that Manny Brown, head of SunTrust Mortgage Banking and agency division production, and John Gordon, vice president in SunTrust CRE’s Chicago office, originated a $10.61 million bridge loan for the acquisition and condominium deconversion of Cambridge Commons in Chicago. The property is located in Edgewater, a popular lakefront community on the north side of Chicago.

Industrial N Illinois
J.D. Salazar;Champion Realty Advisors

J.D. Salazar repositions Champion Realty Advisors

J.D. Salazar, a leader in Chicagoland commercial real estate community for more than 30 years, has re-launched Champion Realty Advisors with a new initiative. This new venture focuses on acquiring industrial properties related to transportation and outdoor storage, on behalf of high net worth individuals and family offices.

CRE N Illinois
The event raised $500,000 for various charities. Pictured from left to right are Ryne Sandberg, Ashley Yording, Harmony Morrison, Sara McIntosh, Maggie Kohl, Kyle Schwarber, Joe Maddon, Willson Contreras, Jamie Georgas, Jon Lester, Chris Zubel, Neil Pendleton, Andre Dawson, Abe Gamboa and Ed Fanselow.

CBRE Charity Bash at Wrigley Field raises $500,000

Cubs fans of all ages flocked to historic Wrigley Field for the 11th annual CBRE Charity Bash on Monday evening. Attendees got to rub elbows with Cub greats of the past and present, including Willson Contreras, Jon Lester, Kyle Schwarber, Joe Maddon, Andre Dawson and Ryne Sandberg at an event that raised funds for various charities.

Finance N Illinois
Chicago's Kinzie Hotel refinances for $30.5 million

Chicago's Kinzie Hotel refinances for $30.5 million

Holliday Fenoglio Fowler, L.P. (HFF) announced the $30.5 million refinancing for Kinzie Hotel, a 215-room boutique hotel in the heart of Chicago’s River North neighborhood. The HFF team worked on behalf of the borrowers, Bixby Bridge Capital and Urbana Holdings, to place the three-year, floating-rate loan with two 12-month extension options with Annaly Commercial Real Estate Group, Inc.

Retail N Illinois
New entertainment concept coming to downtown Winnetka

New entertainment concept coming to downtown Winnetka

Families will soon have a new destination to play, eat and gather with friends in the heart of downtown Winnetka. A multi-function entertainment complex at 552 Lincoln Avenue will offer a new toy store, video arcade and gelato store, with a central courtyard space where parents can relax while their kids explore.

Industrial N Illinois
Interchange 55 Logistics Park in Romeoville.

Some improvement in the I-55 Corridor

The Chicago metro industrial market remained strong last quarter. The 8.6 million square feet of new leasing activity during Q2 is the highest quarterly total since 2015 and the plummeting vacancy rate, which was down by an 23 basis points to 6.4 percent, is the lowest rate recorded since 2001.

Industrial N Illinois
Avison Young awarded exclusive sale listing for 810k SF industrial and office campus

Avison Young awarded exclusive sale listing for 810k SF industrial and office campus

Avison Young has been awarded the exclusive sale listing for a two-building, Class A industrial campus in the greater Chicago market. The buildings, located at 1600 Ritchie Court in Rochelle, Illinois, were designed with significant infrastructure for specialized manufacturing and were recently used to manufacture rail cars for transportation agencies throughout North America.

Office N Illinois
Spaces Real Estate expands with location in Chicago’s West Loop

Spaces Real Estate expands with location in Chicago’s West Loop

Spaces Real Estate opened a new office in Chicago’s West Loop neighborhood. Located in a loft office building at 1035 W. Lake Street, the 4,000-square-foot space is the second and largest office for the full-service real estate brokerage, establishing a brick-and-mortar presence for the company’s Elevated Spaces division, launched nearly two years ago to serve the high-end downtown rental market.

CRE N Illinois
Mica Manaois;Epstein

Mica Manaois joins Epstein as director of interior projects

Epstein, a leading architecture, engineering and construction firm based in Chicago, has hired Mica Manaois as the new director of interior projects. Manaois will join the Interior team, where she will be tasked with developing and managing business relationships with clients in the commercial interiors, hospitality and retail markets.

CRE N Illinois
Kenneth Kamper;Greeley and Hansen

Kenneth Kamper joins Greeley and Hansen as managing director

Greeley and Hansen, a global civil and environmental engineering, architectural and management consulting firm, has named Kenneth Kamper as the new managing director of the firm’s construction engineering and management (CE&M) operating group, based in Chicago. Kamper, who most recently served as senior project manager for Wade Trim in Cincinnati, has nearly 30 years of diverse project management experience in the planning, design and construction of a wide range of water and wastewater projects.

CRE N Illinois
CRE Future Leaders: Michael D’Agostino

CRE Future Leaders: Michael D’Agostino

As part of our series, CRE Future Leaders, we caught up with Michael D’Agostino, senior director at Kiser Group. D’Agostino focuses on multifamily, mixed-use and investment properties on the near north side of Chicago with a focus on Old Town, Lincoln Park, Lakeview, Ravenswood and Lincoln Square. During his first two years with Kiser Group, he closed over $40 million in real estate.