CRE N Illinois
The forecast for investment sales: Partly cloudy

The forecast for investment sales: Partly cloudy

Throughout the year, commercial real estate investors have signaled cautious optimism and 2018 rewarded that outlook. Will the same hold true in 2019? As real estate investors seek out the prime opportunities to improve their yields, there are specific market, asset and financial concerns to take into account.

CRE N Illinois
From left to right, 2016 winner Suzanne Boryscka, RPA of Lincoln Property Company presents David Narey, CPM, vice president, property management at Irgens with the Member of the Year award.

BOMA/Suburban Chicago presents annual member awards

The Building Owners and Managers Association (BOMA) of Suburban Chicago held their annual holiday and awards lunch on December 5 at Carlisle Banquets in Lombard, Illinois. The event included award announcements, recognition and networking. During the event, the announcement of the Member, Associate, Engineer and Emerging Leader of the Year Awards took place. The Lifetime Achievement Award was also presented at the lunch.

Multifamily N Illinois
Mixed-use Uptown development receives financing

Mixed-use Uptown development receives financing

CEDARst Companies has secured financing for The Draper at 5050 N. Broadway, a mixed-use development project in Chicago’s Uptown neighborhood. The recent closing allows CEDARst to complete the first of two planned phases on the development. Total project costs for Phase I are estimated at $115,450,000; CEDARst raised $41 million of project equity.

Office N Illinois
BMO Tower coming to site adjacent to Chicago's Union Station

BMO Tower coming to site adjacent to Chicago's Union Station

BMO Harris Bank has confirmed that it will anchor the new 50-story office tower planned for the parcel just to the south of Union Station. Developed by Riverside Investment & Development and Convexity Properties, in partnership with the bank, the project will bring approximately 3,600 BMO employees to 14 floors of the 700-foot building, which is scheduled for completion in 2022.

CRE N Illinois
Natalie Walsh;TB Premier Services

TB Premier Services welcomes Natalie Walsh

Natalie Walsh has joined Chicago-based TB Premier Services, Inc. (TBPS) as a sales and marketing specialist. She has has worked in the past as a property manager for CRE property owners and managers including Piedmont Office Realty Trust, Younan Properties, Inc., Trizec Properties and Transwestern Commercial Services.