CRE N Illinois
The “Mini-Masters” client appreciation event has grown from a small group a networking event of over 300 industry professionals.

V3 Companies hosts Mini Masters event

V3 Companies threw a successful “Mini-Masters” client appreciation event on April 11th, 2019. As the name suggests, the event is held on the Thursday of The Masters golf tournament every year and features themed food, drinks, contests and the famous miniature V3 replica of “The Azalea” hole that all guests play for a chance to win Masters swag. 

Seniors Housing N Illinois
The 101-unit South Chicago Elderly Housing facility at 3039 E. 91st Street in Chicago.

POAH acquires Chicago-area YMCA senior housing properties

Preservation of Affordable Housing (POAH) is acquiring six senior housing facilities financed by HUD and currently owned by YMCA Foundation entities. POAH will continue providing affordable rental housing to seniors at all 461 apartments, which were previously managed by the YMCA of Metropolitan Chicago. As the new owner, POAH will honor existing leases for current residents in all six buildings.

Finance N Illinois
Jacob Vial;Draper and Kramer

Draper and Kramer hires Jacob Vial as SVP for FHA/HUD lending

Draper and Kramer has hired Jacob Vial as senior vice president in the company’s commercial finance group, overseeing Federal Housing Administration/Housing and Urban Development lending for multifamily and senior housing properties. Based out of the firm’s Chicago headquarters, he will serve as chief underwriter for all credit decisions and direct strategic financing initiatives.

Retail N Illinois
Plan Commission approval sets stage for redevelopment of Morton Grove's Prairie View Plaza

Plan Commission approval sets stage for redevelopment of Morton Grove's Prairie View Plaza

Plans for a redevelopment of the retail center formerly known as Prairie View Plaza moved forward after Kensington Development Partners and IM Properties received unanimous approval from the village of Morton Grove Plan Commission. The developers also revealed a roster of new tenants, plans for a multifamily component and a new name for the property: Sawmill Station.

CRE N Illinois
CRE taxes hit west side of downtown Chicago hardest

CRE taxes hit west side of downtown Chicago hardest

Mid-April may be tax season here in the U.S., but for owners and occupiers of CRE properties, taxes are never far from mind. While Chicago’s real estate taxes have risen drastically over the past five years, the largest burden has followed downtown demand, out to the western submarkets.

Healthcare N Illinois
Located at 15 Tower Court in Gurnee, Illinois, Greenleaf Center is one of 13 properties totaling 197,385 square feet in the Chicago area that comprised a $90 million, four-state MOB porfolio sale by CBRE.

CBRE completes $90 million sale of four-state medical office building portfolio

CBRE closed on 23 medical buildings through three separate transactions totaling approximately $90 million. The deals, sold to separate buyers over the last week, totaled over 300,000 square feet across four states. Properties include the Greenleaf Center Medical portfolio in the Chicago area, as well as two portfolios with properties in Alabama, Florida and Georgia.

Hospitality N Illinois
Matt Mering;Waterton

Waterton hires hospitality specialist

Waterton, a Chicago-based real estate investor and operator, has hired Matt Mering as executive vice president, hospitality. Mering will be responsible for the formulation and execution of Waterton’s hotel investment strategy, oversight of asset management and further developing investor relationships.

Industrial N Illinois
Five points of industrial analysis

Five points of industrial analysis

Institutional investors, developers and users alike are drawn into the industrial vortex, an asset class outperforming all others as the economy continues to shift to on-demand everything. What’s in store for the remainder of 2019 and this development cycle?