Multifamily N Illinois
Marcus & Millichap arranges sale of 12-unit Aurora apartment building

Marcus & Millichap arranges sale of 12-unit Aurora apartment building

Marcus & Millichap closed the sale of a 12-unit apartment property located in Aurora, Illinois. Randolph Taylor, an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust and also represented the buyer, an individual/personal trust. The asset sold for $785,000.

Healthcare N Illinois
Michael Hess;CallisonRTKL

Michael Hess joins CallisonRTKL

Michael Hess has joined global architecture, planning, and design practice, CallisonRTKL, as a vice president for the Midwest-based Chicago office. In a career that covers three decades, Hess has touched almost every aspect of the healthcare design continuum and brings a deep understanding of the operational engine that makes hospitals succeed through positive clinical outcomes and healing environments.

Multifamily N Illinois
Andersonville apartment property with 54 units, rooftop deck coming later this year

Andersonville apartment property with 54 units, rooftop deck coming later this year

The Ainslie, located at 4914 N. Clark Street, is a 54-unit development set to open late 2019 in the Andersonville neighborhood of Chicago. Pre-leasing and walk-throughs of apartments will start in October 2019. Developed by Honore Properties and Peerless Development, the building is comprised of four stories: the ground floor will house 6,000 square feet of retail space and the parking garage, while floors two through four will contain the apartments.

Seniors Housing N Illinois
Senior Lifestyle Corporation breaks ground on The Sheridan at River Forest

Senior Lifestyle Corporation breaks ground on The Sheridan at River Forest

Senior Lifestyle Corporation, an owner, operator and developer of senior living communities, and Kaufman Jacobs, a Chicago-based privately-held real estate investment firm, broke ground on The Sheridan at River Forest on September 30, 2019. The Sheridan at River Forest will feature 92 assisted living apartment homes, as well as 33 memory care residences developed specifically to support those with Alzheimer’s, dementia and other memory-impairing illnesses.

Retail N Illinois
The Missner Group completes Naf Naf Grill build-out in Chicago

The Missner Group completes Naf Naf Grill build-out in Chicago

The Missner Group has completed the build-out of a new Naf Naf Grill location at 231 S. LaSalle Street in Chicago. The new Middle Eastern restaurant features a high-end kitchen equipped with a walk-in cooler and a bakery to host the restaurant chain’s signature pita oven. Renovations also included a dining room space and restrooms to serve their customers.

Finance N Illinois
Matt Winter;Merchants Capital

Merchants Capital hires Matt Winter as chief architect

Mortgage banking firm Merchants Capital has hired Matt Winter, AIA, NCARB as chief architect at the company’s Chicago office. The move brings the position in-house, setting Merchants up to process new lending opportunities more efficiently while maintaining, and even improving on, the internal monitoring requirements set forth primarily by Freddie Mac. This decision comes in large part due to Merchants Capital’s growing relationship with Freddie Mac and the utilization of its affordable housing products.

Industrial N Illinois
Midwest Industrial Funds acquires headquarters facility in Downers Grove

Midwest Industrial Funds acquires headquarters facility in Downers Grove

An affiliated entity of Midwest Industrial Funds recently purchased a 51,860-square-foot headquarters, light‐manufacturing and distribution building located at 5101 Thatcher Road in Downers Grove, Illinois. The high-image, precast concrete and brick building was originally constructed in 1989 and expanded in 2011. Midwest Industrial Funds and the tenant, National Technologies, executed a long‐term lease for the property in conjunction with Midwest Industrial closing on the property.

CRE N Illinois
Harold E. Eisenberg Foundation seeks help for cancer research

Harold E. Eisenberg Foundation seeks help for cancer research

The Harold E. Eisenberg Foundation (HEEF) is engaged in two amazing missions. The organization accelerates the career paths of real estate students through hands-on education programs including mentorships, career day, real estate challenge, Eisenberg Scholars scholarships and so much more. HEEF also works with the Lurie Comprehensive Cancer Center at Northwestern Medical Center in Chicago to fund breakthrough gastrointestinal cancer research.