Hospitality N Illinois
Red Roof expands The Red Collection with Springfield hotel

Red Roof expands The Red Collection with Springfield hotel

State House Inn, the second property and first franchised property in The Red Collection, Red Roof’s first soft-brand, has opened in Illinois’ capital city, Springfield. Located in the heart of downtown, the property features 125 guest rooms and has undergone a full renovation. The property is owned by Vendian Capital Management and managed by Packard Hospitality Management.

CRE N Illinois
Goldie Initiative raises $425,000 to advance women leaders in CRE

Goldie Initiative raises $425,000 to advance women leaders in CRE

The Goldie Initiative reports record breaking success after raising $425,000 dollars for their annual Goldie Gala held on September 13, 2018. Over 600 industry professionals came together for the special night at Wintrust’s Grand Banking Hall to celebrate the first ever Goldie Initiative Shero Award. Sheli Rosenberg, former president and CEO, Equity Group Investments, was the distinguished honoree, chosen for her outstanding career achievements and unparalleled commitment to women in the field.

CRE N Illinois
Rawley Lantz;Cawley Chicago

Cawley Chicago's Rawly Lantz receives SIOR honors

Cawley Chicago announced that Rawley Lantz, principal, has recently been granted the prestigious honor of an SIOR designation. Lantz received this honor as an office specialist in October of 2018 and joins a group of only 3,100 other members worldwide. Lantz has been with Cawley Chicago since July 2012.

CRE N Illinois
John M. Dunneback, Jr.;Midwest Industrial Funds

Dunneback joins Midwest Industrial Funds as director of construction

Midwest Industrial Funds announced John M. Dunneback, Jr. has joined the company as the director of construction. In this new role, Dunneback’s primary responsibility will be overseeing and managing all new building and site construction activities. He will also assist with due diligence and preconstruction activities for new land acquisitions and will work closely with Pat Schaner, Midwest Industrial’s director of development.

CRE N Illinois
Pictured from left to right: Daniel Smolensky of Taurus Modal Group and SIOR Chicago, David Kahnweiler of Colliers International, Governor Bruce Rauner and Mark Goode of Venture One Real Estate.

Rauner on real estate: What’s needed in Illinois

While national politics may not always have an effect on local real estate, the Illinois state elections will certainly affect Chicago CRE. Last month, in the midst of what may become the most expensive gubernatorial race in U.S. history, the SIOR Chicago Chapter and AIRE hosted Illinois Governor Bruce Rauner in conversation with David Kahnweiler, SIOR, non-executive chairman of Colliers International.

Industrial N Illinois
Avison Young negotiates 90k SF industrial lease near O’Hare

Avison Young negotiates 90k SF industrial lease near O’Hare

Avison Young recently negotiated an 89,901-square-foot industrial lease at 1845 Tonne Road in Elk Grove Village, Illinois, illustrating the continued demand for well-located buildings in the O'Hare submarket. The new tenant, Cycle Logistics, a transportation and distribution company, is consolidating its warehouse and distribution space from multiple locations.

Multifamily N Illinois
From left to right: Jeffrey Rappin of Evergreen Real Estate Group, Andre Pintauro of Evergreen Construction Company, Douglas Leezer of Citi Community Capital, John T. Hooker of Chicago Housing Authority, Thomas Applegate of North River Commission, Andy Decoux of Illinois Housing Development Authority, David Block of Evergreen Real Estate Group, 35th Ward Ald. Carlos Ramirez-Rosa, Jeanne Gieseke of U.S Bancorp Community Development Corporation, Steve Rappin of Evergreen Real Estate Group, Jaime Torres of Canopy Architecture + Design and Eric Meyer of Evergreen Real Estate Group.

Construction begins on Albany Park affordable housing project

Evergreen Real Estate Group, in partnership with the Chicago Housing Authority, announced the start of construction on Oso Apartments, a 48-unit affordable rental community at 3435 W. Montrose Avenue in Chicago’s Albany Park neighborhood. Evergreen and CHA representatives joined 35th Ward Alderman Carlos Ramirez-Rosa, officials from the Illinois Housing Development Authority (IHDA) and other community stakeholders at a ceremonial groundbreaking on Oct. 11.

CRE N Illinois
Pictured at the event are, in front, Elise Couston, SIOR, senior managing director of Newmark Knight Frank and chair of the charitable committee of the SIOR Chicago Chapter and Dan Smolensky, SIOR, president of Taurus Modal Group and SIOR Chicago chapter president.

SIOR Chicago and Chicago CRE firms support Trunk Scholarship

The Chicago Chapter of the Society of Industrial & Office Realtors (SIOR) announced that the members of the SIOR Chicago Chapter have donated 22 Trunk Scholarships to support the Ada S. McKinley College-Bound Trunk Scholarship program for 2018. Each trunk is valued at $500, for a total donation of $11,000. Students receiving the Ada S. McKinley Trunk Scholarships are selected based upon the submission of a written essay describing how the Trunk Scholarship award would allow them to be suitably prepared to enter their first year of college.