Finance N Illinois
Old Town multifamily project a go with closing of funding round

Old Town multifamily project a go with closing of funding round

New York-based Prodigy Network has closed the first round of equity funding for a seven-story multifamily building in the Old Town neighborhood, its inaugural project in Chicago. The $22 million raised will facilitate property acquisition and predevelopment costs for the project at 1400 N. Orleans Street, Old Town Residences, which moves to begin construction in second quarter 2019.

CRE N Illinois
Tim Anderson, CEO and founder of Focus.

Q&A: Tim Anderson of Focus

Tim Anderson is CEO and founder of Focus, a Chicago-based firm that delivers development, construction and consulting services. He got his start in commercial real estate over 40 years ago and since then has been a trailblazer for industry diversification.

CRE N Illinois
1133 W. Fulton, Chicago.

Domus Group, Barnett Capital JV expands Fulton Market foothold

A joint venture between Domus Group LLC and Barnett Capital has acquired a series of properties in Chicago’s Fulton Market neighborhood that broadens the partnership’s holdings there and will bring 230,000 square feet of office space to Fulton Market in 2019. Those deliveries represent more than 60 percent of the office space to be delivered in the district in 2019.