Multifamily N Illinois
Work wraps up on luxury high-rise, Albion Oak Park

Work wraps up on luxury high-rise, Albion Oak Park

Albion Residential, a Chicago-based firm specializing in the acquisition and development of luxury rental apartments, completed its first-ever branded development, the Albion Oak Park. Located at 1000 Lake Street in Oak Park, Illinois, the property features 265 high-end units and 7,000 square feet of retail on the ground floor.

Office N Illinois
Pictured from left to right: Melissa Rubenstein of JLL, Howard Conant of Urban Innovations & North Wells Capital, Jo Anne Gottfried of Urban Innovations, Elyse Townley of NORR, Jean Yoon of Ginsberg Jacobs, Tony Lindsay of North Wells Capital, Jim Fox of North Wells Capital, David Lapins of Ginsberg Jacobs and Mark Spears of CIBC.

North Wells Capital breaks ground on 306 W Erie in Chicago's River North

North Wells Capital, the investment affiliate of Chicago-based Urban Innovations, recently broke ground on 306 W. Erie in the River North neighborhood of Chicago. ARCO/Murray is acting as general contractor on the development with NORR serving as architect. JLL is the leasing agent for the building and Urban Innovations will continue providing property management services.

Industrial N Illinois
CBRE brokers 98,688-SF freezer space lease in Hodgkins, Illinois

CBRE brokers 98,688-SF freezer space lease in Hodgkins, Illinois

CBRE recently represented Frozen Assets LLC and IAC Properties in a 98,668-square-foot lease at 6800 Santa Fe Drive in Hodgkins, Illinois. Frozen Assets is a third-party provider of temporary storage, turn-key packing, labeling and transportation/export logistics for the cold storage industry. IAC develops and acquires industrial and distribution facilities in key U.S. markets.

Industrial N Illinois

Taurus sells logistics portfolio for $614 million

Taurus Investment Holdings, LLC has sold an 8.2-million-square-foot logistics portfolio located in the Chicago, Dallas, Atlanta and Memphis markets to Investcorp. The portfolio, which sold for $614 million, consists of 117 buildings with more than 400 regional, national and international tenants. Taurus will remain the co-invested manager of the portfolio in joint venture with Investcorp.

CRE N Illinois
New Trier Township High School in Winnetka, Illinois.

Wight & Company launches Beyond Your Base consulting group

Chicago-based Wight & Company has announced the launch of Beyond Your Base, a new public affairs and pre-referendum consulting group that will focus on the development and implementation of comprehensive public engagement programs that incorporate voter analytics, public opinion research and strategic communications. The public entities Beyond Your Base serves include municipalities, counties, school districts, community colleges and special districts, among others.

Office N Illinois
Conceptual rendering courtesy of Gensler.

PepsiCo confirms relocation to Chicago's Old Post Office

PepsiCo confirmed earlier reports that it will move its Chicago office to the Old Post Office building. Located at 433 W. Van Buren Street, the redeveloped property will serve as the headquarters for its sports drink, juice and Quaker Foods portfolios—including the Gatorade, Tropicana and Quaker Oats brands—as well as PepsiCo Beverages’ North America Central Division.

CRE N Illinois
CRE Future Leaders: Mike Naponelli

CRE Future Leaders: Mike Naponelli

A licensed architect and senior associate at Klein and Hoffman, Mike Naponelli focuses on the investigation and restoration of exterior building facades, specializing in high-rise buildings clad in masonry or concrete. As a project manager, he is responsible for site investigations, architectural and structural detailing and construction phase management.