Net Lease N Illinois Quantum brokers sale of a single-tenant Studio Movie Grill in Chicago Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant, net-leased property located at 210 W. 87th Street in Chicago. The freestanding building is leased to Studio Movie Grill and has been a movie theater since its inception.
Multifamily N Illinois Interra brokers three multifamily deals totaling $5.5 million in Edgewater, Rogers Park Chicago-based Interra Realty has brokered three multifamily transactions totaling $5.5 million in Chicago’s Edgewater and Rogers Park neighborhoods. The properties, located at 5547 N. Lakewood Avenue, 1619 W. Lunt Avenue and 7423 N. Rogers Avenue, were fully occupied at closing and marketed by Interra as value-add investments.
Retail N Illinois Matanky Realty Group closes sale of 17,000-SF retail development Matanky Realty Group senior vice president and director of brokerage, Terri Cox, closed on the sale of a 17,000-square-foot redevelopment located at 4856-78 W. North Avenue in Chicago. The buyer, represented by Sharon Bar-Shalom of Metro Commercial Real Estate, is an owner-user who plans to redevelop the former auto repair shop.
CRE N Illinois Waterton Hires Stella Pappas as VP of investor relations Waterton, a national real estate investor and operator, has hired Stella Pappas as a vice president of investor relations on the firm’s Chicago-based investor relations team. With over 15 years of real estate investment, acquisition and asset management experience, she will help manage the firm’s investor and consultant relations and develop new multifamily, seniors and hotel client relationships.
CRE N Illinois David Knapp joins Cushman & Wakefield's investor platform in Chicago Cushman & Wakefield has added industry veteran David Knapp as executive managing director on the office investment services team. Knapp brings over 15 years of experience in capital markets investments, executing sales and recapitalization transactions for institutional clients in Chicago and across the Midwest.
Industrial N Illinois Industrial vet, Mark Levy, joins Hilco Redevelopment Partners Hilco Redevelopment Partners, a unit of Hilco Global, announced that Mark Levy has joined its real estate redevelopment team as executive vice president – industrial acquisitions. He will be responsible for expanding the acquisition team and strategy, with a focus on continuing to source and complete industrial redevelopment transactions throughout North America within Hilco’s real estate redevelopment operating company.
CRE N Illinois Stream Realty Partners promotes Victoria Knudson to partner Stream Realty Partners, a national real estate development, services and investment firm, has promoted Victoria Knudson to partner.
CRE N Illinois Five things to know about blockchain and CRE Blockchain technology is making headlines—and it isn’t just hype. With the potential to digitize and accelerate the CRE investment process, blockchain is poised to transform CRE finance.
Multifamily N Illinois Joliet apartment property sells for $910,000 Marcus & Millichap closed the sale of a 12-unit apartment property located in Joliet, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $910,000.
Multifamily N Illinois Belgravia welcomes first move-ins at Renelle on the River in River North Belgravia Group has unveiled a decorated model and started welcoming its first residents at Renelle on the River the developer’s, 18-story, 50-unit luxury condominium building along the Chicago River. All homes at the River North property will deliver this year.
Retail N Illinois New businesses open their doors in Streets of St. Charles near St. Louis The Streets of St. Charles mixed-use development in Peoria, Illinois, recently welcomed two new tenants, Narwhal’s Crafted and YogaSix, celebrating their grand-openings this month. St. Charles mayor Dan Borgmeyer and other local business representatives were in attendance for the Greater St. Charles County Chamber of Commerce ribbon cuttings.
Office N Illinois Earles Architects designs 28,000-SF space for Akuna Capital in Chicago Earles Architects and Associates (EAA) has completed a 28,000-square-foot expansion to Akuna Capital’s corporate headquarters in Chicago. The global trading firm focuses on collaboration, cutting-edge technology, data-driven solutions and automation. The project was completed in July with general contractor Clune Construction.
Seniors Housing N Illinois Old fashioned? Hardly. Designing senior housing spaces with intent. As the American population lives longer, and generally more affluently, there’s been a boom in senior housing. What do potential residents look for when touring these properties? There are a number factors guiding the design intent for how these modern facilities are built.
Multifamily N Illinois Marcus & Millichap arranges sale of 84-unit apartment building in Blue Island Marcus & Millichap closed the sale of Islander Apartments, an 84-unit apartment property located at 1900 Broadway Street in Blue Island, Illinois. After generating multiple offers, the asset sold above list price for $5,825,000.
Retail N Illinois NKF marketing four retail centers throughout Chicagoland Tabani Group has appointed Newmark Knight Frank (NKF) as the exclusive leasing agent for four of its prominent retail centers throughout Chicagoland. NKF senior managing directors James Schutter and Terry Alexa, along with managing director Larry Kling, director Luke Sementa and associate John Fiori, will lead the brokerage team assigned to lease the retail spaces at Renaissance Place, The Glen Town Center, Town Center Promenade and Home Depot Center. Together, the new assignments total over 500,000 square feet of retail space.
Office N Illinois Chicago Plan Commission signs off on Fulton Market projects by Sterling Bay Sterling Bay has won approval from the city’s Plan Commission for two new buildings in Chicago’s hot Fulton Market District. The Chicago developer is proposing one property at 1000 W. Carroll Avenue and another across the street at 345 N. Morgan Street. The dual-building project still need approval from the zoning committee and the City Council before they can break ground.
Net Lease N Illinois Envoy Net Lease forms JV with private investment firm with over $10B in backing Envoy Net Lease Partners, a Chicago-based capital provider to the net lease real estate sector, announced the formation of a joint venture with a global private equity firm. The new joint venture is one of the few that involves an institutional investor making a capital commitment to the high-leverage build-to-suit construction lending market, a specialty financing niche that provides up to 100 percent loan-to-cost construction financing for single-tenant net lease properties.
Office N Illinois Industrious expands Chicago presence, doubles space at Ogilve Station Flexible workspace provider, Industrious, has signed additional space for its Chicago – Ogilvie location at 500 W. Madison Street in Accenture Tower. The 1.46-million-square-foot office tower, owned by KBS, will now host over 93,000 square-feet of coworking space, up from Industrious’ original 46,500-square-foot space.
Industrial N Illinois Amid shifting winds, industrial stands strong in core markets The economic shores are starting to get frothy, with incoming waves like Chinese tariffs and a downturn market threatening to crash on the beach. Despite this, the 2020 outlook for U.S. industrial real estate remains positive as low vacancy rates and rising rents offer a calming breeze.
CRE N Illinois 18th Annual Commercial Real Estate Forecast Conference Join RE Journals on January 9, 2020 for the 18th Annual Commercial Real Estate Forecast Conference.