CRE N Illinois
Tim Noonan;Walker and Dunlop

Walker & Dunlop grows capital markets team in Chicago

Walker & Dunlop, Inc. has expanded its debt brokerage team in the Midwest with the addition of managing directors Tim Noonan and Dave Hendrickson, and senior vice president Pat Modig. Based in Chicago, the team will be responsible for sourcing and structuring financing for all commercial real estate asset classes throughout the United States.

CRE N Illinois
The former Plaza Hotel on the corner of Clark Street and North Avenue in Chicago.

On the Corner: North & Clark

As a very young child, I remember going to the Plaza Hotel on the corner of Clark and North because my dad’s office was there. In fact, when my parents were first married in 1948, they lived in the hotel because my grandfather—my mom’s dad—owned the building. Eventually, my dad operated it for the family.

CRE N Illinois
Magellan Development Group co-founders Jim Loewenberg and Joel Carlins, now chairmen emeritus of the firm.

Magellan Development enters venture partnership with Winter Properties, BLG Capital Advisors

Chicago-based Magellan Development Group, a vertically integrated developer, owner and operator specializing in mixed-use, urban high-rise development, has closed on a capital investment and venture partnership with Winter Properties and BLG Capital Advisors. Winter and BLG will be active strategic partners with a combined 50 percent equity interest, playing key roles in accelerating Magellan’s growth trajectory as a leading national development, management and real estate investment platform.

Hospitality N Illinois
The Homestead in Evanston, Illinois, the current site of the future Graduate Evanston Hotel. (Photo credit: DMAC Architecture)

DMAC Architecture to design Graduate Evanston Hotel

Adventurous Journeys Capital Partners acquired The Homestead at 625 Hinman Avenue in Evanston, Illinois. The eight-story, 91-key hotel will run independently as The Homestead prior to and during renovations, which will begin in early 2020. Once completed in fall 2020, the hotel will debut as part of the Graduate Hotels collection.

CRE N Illinois
CRE Future Leaders: Josh Graham

CRE Future Leaders: Josh Graham

Josh Graham, CPA, is a senior manager in the Chicago office of Wipfli. He works in the firm’s construction and real estate and private equity practices, with a specific focus on Qualified Opportunity Zones.

Office N Illinois
CBRE launches enhanced tenant engagement program in Chicago, nationally

CBRE launches enhanced tenant engagement program in Chicago, nationally

CBRE Global Investors is launching its new “Above & Beyond for Business” (A&B) tenant experience program at office buildings across the United States. The program is now live at 150 N. Michigan Avenue in Chicago, as well as in other major U.S. markets including Atlanta, Dallas, Southern California (Anaheim, Irvine and Pasadena), Portland, Oakland and Washington, D.C., with other markets slated to roll out in the coming months.

Industrial N Illinois
Dayton Street Partners signs Cofair Products to lease in Morton Grove

Dayton Street Partners signs Cofair Products to lease in Morton Grove

Dayton Street Partners has executed a lease at 6123 Monroe Court in Morton Grove, Illinois with Cofair Products, Inc. Cofair will occupy approximately 30,000 square feet of the warehouse/distribution facility which is located in the Eden’s industrial corridor. The new space represents an expansion and consolidation of the company’s three Skokie, Illinois, locations. The lease commences in February 2020.