CRE N Illinois
Sarah Oppenhuizen;HOK

HOK expands interiors leadership team in Chicago

HOK has announced the promotions of three interior design leaders in its Chicago studio. The three—Sarah Oppenhuizen, AIA, LEED AP, WELL AP, Mike Goetz, AIA, IIDA, LEED AP and Javier Buscaglia-Pesquera, AIA, LEED AP BD+C—have extensive expertise in design, project management and operations.

CRE N Illinois
Stanley Tigerman

Influential Chicago architect, Stanley Tigerman, dead at 88

Stanley Tigerman, a principal in the Chicago architectural and design firm of Tigerman McCurry and a Fellow of the American Institute of Architects, has died. According to a report in the American Institute of Architects Journal, the architect died at his Chicago home due to complications from chronic obstructive pulmonary disease. He was 88 years old.

Multifamily N Illinois
The Paragon, a 500-unit apartment building in Chicago's South Loop, welcomes first residents

The Paragon, a 500-unit apartment building in Chicago's South Loop, welcomes first residents

The first residents have begun moving in at The Paragon, a 500-unit, 47-story apartment building at 1326 S. Michigan Avenue in Chicago. Tenants can now occupy the first 25 floors of the building and will start moving into the remaining 22 floors once interior finishing work is completed in August. The property also includes 7,500 square feet of ground floor retail space.

Hospitality N Illinois
Convexity Properties proposes new hotel in Chicago's Loop

Convexity Properties proposes new hotel in Chicago's Loop

Convexity Properties has proposed building a 13-story, 307-key hotel at 180 W. Randolph Street, which currently contains a non-operational surface parking lot. According to an email from 42nd Ward Alderman Brendan Reilly to his constituents, the select-service hotel would include a lobby and small hotel bar on the ground floor, as well as meeting space on the second floor not to exceed 2,500 square feet.

Finance N Illinois
Heather Ridge, 9500 14th Street West, Rock Island, Illinois.

Berkadia secures $34M in HUD rehab financing for multifamily portfolio

Berkadia announced the origination of $34.27 million in construction-to-permanent substantial rehabilitation financing for a two-property portfolio in Rock Island, Illinois, where 100 percent of the units are covered by project-based HAP contracts. The construction loan features an interest-only construction period, a 40-year term with 40-year amortization and a 90 percent loan-to-value ratio.