Multifamily N Illinois Avison Young negotiates 268-unit Kennelly Square condo deconversion in Chicago Avison Young has completed the sale of Kennelly Square, a 268-unit condominium building located in the Old Town neighborhood of Chicago. The buyer, Strategic Properties of North America, has plans to convert the units into rental apartments. This strategy reflects a growing trend in Chicago’s multifamily market as investors and developers identify opportunities to meet strong demand for rental units.
CRE N Illinois ML Realty Partners completes several transactions totaling nearly 600k SF Itasca-based ML Realty Partners announced that the firm has completed nearly 600,000 square feet in recent Chicagoland lease transactions. The new leases occured in Chicago suburbs Bridgeview, Des Plaines, Elgin, Itasca and Lockport.
CRE N Illinois Conservation Design Forum names Tom Price as managing partner, makes other key promotions As the ecological design firm Conservation Design Forum Inc. (CDF) enters its 25th year the firm is proud to announce the elevation of key staff to leadership positions.
Industrial N Illinois Entre Commercial represents IST America in Shorewood lease Entre Commercial Realty announced that the firm’s Mike Gazzola and John Gazzola assisted IST America in the acquisition of a 4,181-square-foot industrial condo unit at 125 Capista Drive in Shorewood, Illlinois. The transaction was valued at $75.00 per square foot.
CRE N Illinois Kiser Group promotes Jake Parker and hires four more Kiser Group announced new hires including brokers Andy Friedman and Fred Yarandi, broker associate Tejonne Vinson and analysts Scott Harris and Justin Turner. The brokerage firm also promoted Jake Parker from analyst to broker.
Office N Illinois NAI Hiffman represents ownership in sale and leasing of office complex NAI Hiffman announced the recent sale of 8601-8623 W. Bryn Mawr Avenue and 8600-8622 W. Catalpa Avenue in Chicago. Jonathan Berger of Berger Asset Management LLC, purchased the office complex from AREI (InterPark), LLC with the plan to revitalize and reposition the asset. NAI Hiffman was the sole broker in the sale, which was completed through the NAI Hiffman team of executive vice president John Cash, senior vice president Art Burrows and vice presidents David Haigh and Steve Chrastka.
Multifamily N Illinois Kiser Group brokers 29-unit condo deconversion in South Shore Kiser Group recently brokered a 29-unit condo deconversion located at 7000-7006 S. Dorchester Avenue in Chicago. The South Shore asset sold for $950,000 to WPD Management. The deal was brokered by Kiser Group’s senior director Noah Birk and director Aaron Sklar.
Hospitality N Illinois First Hospitality Group names new president Rosemont, Illinois-based First Hospitality Group, Inc. has hired David Duncan as president.
CRE N Illinois Principle Construction hires Rob Gibbons as senior project manager James A. Brucato and Mark E. Augustyn, owners of Principle Construction Corp., announced that their firm has hired Rob Gibbons, PE, as a senior project manager. In his new role, Gibbons will be providing direction for several projects including a tenant improvement in Buffalo Grove, Illinois and a speculative office in Romeoville, Illinois.
Industrial N Illinois PREMIER Design + Build completes build-to-suit for Visual Pak PREMIER Design + Build Group, LLC has completed a build-to-suit industrial warehouse and office facility in Waukegan, Illinois for the Visual Pak Companies, a group of strategic entities providing turnkey solutions in the contract packaging industry.
Office N Illinois McDonald's HQ officially opens in Chicago's Fulton Market McDonald’s Corp. executives and Chicago Mayor Rahm Emanuel officially opened the fast food chain’s new corporate headquarters in Chicago’s West Loop neighborhood. The move marks a return to Chicago where the company was headquartered from 1955 to 1971.
Industrial N Illinois Industrial strives for sustainability “It’s not easy bein’ green,” Kermit the Frog once sang. For industrial development, that can still be true.
Retail N Illinois Next Realty’s Hochberg: “On Friday, I had 4,000 employees. On Monday, I had me.” Andy Hochberg knows commercial real estate. This real estate veteran has more than 30 years of experience in everything from site selection to acquisitions and operations.
Industrial N Illinois NAI Hiffman represents Walker Partners in 46k SF industrial acquisition NAI Hiffman represented Walker Partners in the purchase of a 46,140-square-foot industrial property at 5700 McDermott Drive in Berkeley, Illinois. NAI Hiffman executive vice presidents Daniel Leahy, SIOR and Adam Roth represented Walker Partners in the transaction with AEW Capital Management.
Office N Illinois Loft office redevelopment in Lincoln Park wraps up exterior construction Baker Development Corp. has completed the shell and core construction at 2017 N. Mendell, a 62,000-square-foot loft office redevelopment that is the first Class A office project completed in the North Branch Industrial Corridor since the adoption of large-scale zoning changes last year.
CRE N Illinois Dancing with the Brokers winners announced For the third year, The Box It Foundation presented Dancing with the Brokers (DWTB), where Chicago real estate and construction professionals faced off in a dance competition to raise money for charity. Each couple consisted of a CRE professional and a professional dancer from the country’s leading dance company, Arthur Murray. This year, the event raised $300,000 for various charities.
Office N Illinois NAI Hiffman completes three new leases at Westmont's Brush Hill Office Courte NAI Hiffman’s office team of executive vice president Dan O’Neill and associate Ryan Maher have secured three leases for client JSQ Brush Hill LCC at Brush Hill Office Courte. Located at 740-770 Pasquinelli Drive in Westmont, Illinois, the property is currently 99 percent leased with one 1,227-square-foot space available.
CRE N Illinois Mid-America Real Estate hires Chelsey Ginder Chicago-based Mid-America Real Estate Corporation added Chelsey Ginder as part of Mid-America’s single tenant net lease investment sales team. In her new position as vice president, Ginder will be specializing in generating and executing single tenant net lease investment sale assignments.
Multifamily N Illinois 33 Realty sells Brentwood Apartments in Morris Chicago-based 33 Realty has brokered the $2,650,000 sale of 40 units known as Brentwood Apartments at 1711 and 1721 Parklake Drive in Morris, Illinois.
Industrial N Illinois NAI Hiffman facilitates new lease for J&L Contractors in Chicago NAI Hiffman has represented J&L Contractors, Inc. in its new lease for 223,080 square feet at 440 E. 138 Street in Chicago. The property on the city’s far South Side is now 100 percent leased.