Hospitality N Illinois
Multi-million dollar, full-scale renovation underway at Hyatt Regency Deerfield

Multi-million dollar, full-scale renovation underway at Hyatt Regency Deerfield

Full-scale renovations are underway at the Hyatt Regency Deerfield, a full-service luxury hotel in Chicago’s north suburbs. Phase one of the project, which includes a $14 million overhaul of all guest rooms, is slated for completion by April 2019. The second phase, which will commences in the fall of 2019, will include the remainder of the interior enhancements. The property will remain open during renovation.

Multifamily N Illinois
Interra Realty brokers deconversion sale on Chicago’s North Side

Interra Realty brokers deconversion sale on Chicago’s North Side

Interra Realty, a Chicago-based commercial real estate investment services firm, has brokered the deconversion sale of 2000 W. Birchwood Avenue, a 16-unit condominium building in Chicago’s Rogers Park neighborhood. Interra managing partner Brad Feldman and director Adam Saxon represented both the buyer and seller in the transaction, which at $2.125 million equated to approximately $133,000 per unit.

Finance N Illinois
Michael Utterback;SomerCor

SomerCor welcomes new VP, celebrates four key promotions

Chicago-based SomerCor, a Small Business Administration (SBA) Certified Development Company (CDC), has hired Michael Utterback as vice president, loan origination. In addition, the firm promoted Savannah Allen to economic development coordinator, Debra Morack to senior vice president and managing director of closing, David Sommers to executive vice president and chief credit officer and Anastasia Williams to vice president, 7(a) community advantage loan program.

CRE N Illinois
Rob Daly;Executive Construction

Mark Rakoczy, Rob Daly and Michael Olson elevated to partners at Executive Construction

Hillside, Illinois-based Executive Construction announced that vice presidents Mark Rakoczy, Rob Daly and Michael Olson have joined the firm partnership. With talents in relationship management, operations and technical knowledge, each has been influential in their respective areas of expertise. In testament to the trust cultivated with their clients and partners, each has played a key role in firm growth.

Office N Illinois
Colliers arranges 13,424-SF lease at 30 West Monroe

Colliers arranges 13,424-SF lease at 30 West Monroe

Colliers International | Chicago’s Tony Karmin and Corby Marx represented Scopelitis, Garvin, Light, Hanson & Feary, P.C. (Scopelitis), a full-service law firm representing clients in the transportation and logistics industry, in its new 13,424-square-foot, long-term lease at the Inland Steel Building in Chicago. Scopelitis is expanding from its space on the fifth floor of the building to occupy the entire 16th floor.

Multifamily N Illinois
Luxury condo 1000M to offer efficiency units with International Collection

Luxury condo 1000M to offer efficiency units with International Collection

The developers of the ultra-luxury condominium tower 1000M in Chicago—Time Equities, Inc. (TEI) and JK Equities of New York, along with Chicago-based Oak Capitals—introduced a new selection of residences dubbed the “International Collection.” The units are in response to a segment of buyer seeking highly efficient condominium plans similar to those found in luxury towers throughout Europe, Asia and Canada.

Seniors Housing N Illinois
Debra Cafaro;Ventas

Ventas' Debra Cafaro inducted into ASHA all of fame

Ventas chairman and CEO Debra A. Cafaro was inducted into the American Seniors Housing Association’s (ASHA) Senior Living Hall of Fame on January 31, 2019, in recognition of her industry vision, innovation and foresight. Cafaro was honored alongside Sunrise Senior Living founder Paul Klaasen and National Investment Center for Seniors Housing & Care co-founder, the late Tony Mullen.