CRE N Illinois Chris Freeman joins Colliers' downtown occupier services group Colliers International | Chicago announced that Chris Freeman has joined the company as a vice president in its occupier services group and will serve office clients in the Chicago area with a special focus on tech start-ups.
Multifamily N Illinois Chicago's rental market finished out 2018 looking strong By most metrics, Chicago’s rental market is not only improved over recent years, it is one of the strongest in the nation. That’s the takeaway from the 2018 Chicagoland State of the Multifamily Market report developed by Cushman & Wakefield for its clients.
Office N Illinois Landmark Partners takes on more management duties at Elgin office park Landmark Partners’ property management tier was awarded the management of 2385 Bowes Road in Elgin, Illinois. This newly built office building is the third property assigned to Landmark at Bowes Commons, a mixed-use office and retail development located just off the busy and sought-after Randall Road corridor in the Chicago suburb of Elgin.
CRE N Illinois NAI Hiffman merges with Nicolson Porter & List NAI Hiffman reached an agreement with industrial real estate firm Nicolson Porter & List (NPL) to bring the companies together under the NAI Hiffman brand and platform effective immediately, with full integration to be completed by March 1, 2019. The combined company will operate as NAI Hiffman and expand its footprint at its Oakbrook Terrace, Illinois headquarters to accommodate recent client and employee growth.
Multifamily N Illinois Lombard multifamily property sells for $2.15 million Inland Real Estate Commercial Brokerage, Inc. announced the sale and closing of a 28-unit apartment complex located in Lombard, Illinois, a western suburb of Chicago, for $2.15 million. Senior vice presidents of Inland Commercial Brokerage Paul Montes and Eric Spiess facilitated the transaction on behalf of the seller.
CRE N Illinois Krusinski Construction Company celebrates 45th anniversary When it first opened its doors in 1973 in Chicago, Krusinski Construction Company (KCC) was serving the regional Chicagoland area with two members on its staff, including founder, Joe Krusinski. Today, the now Oak Brook, Illinois-based firm is celebrating its forty-fifth anniversary with a staff of seasoned professionals and projects throughout the country—from Connecticut to California.
CRE N Illinois Draper and Kramer announces four executive-level promotions Draper and Kramer, Incorporated, a Chicago-based real estate services firm, announced the promotion of four senior executives. Edward Polich has been named executive vice president of real estate, while Blas Puzon has been promoted to chief investment officer. Additionally, Julie Stevlingson is stepping into an expanded role leading construction services and property operations, maintaining her current position as senior vice president and director of management services. Christine Ramsey has been promoted to chief administrative officer.
Office N Illinois Interiors completed on C.H. Robinson's Chicago headquarters Vocon, a leading national architectural and design firm, provided interior design services for C.H. Robinson’s flagship operation center, a four-story, 207,000-square-foot office building in Chicago’s new Lincoln Yards development by Sterling Bay. Vocon collaborated with Skidmore, Owings and Merrill LLP, which served as the base building architect.
Industrial N Illinois Colliers arranges four industrial leases totaling 340,000 square feet Colliers International | Chicago’s industrial advisory group has arranged four lease transactions totaling nearly 340,000 square feet. The leases were secured in Arlington Heights, Des Plaines, Franklin Park and Northbrook, Illinois.
Healthcare N Illinois Olivia Wirth promoted at HSA PrimeCare HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, has promoted Olivia R. Wirth to director of marketing and senior associate of leasing/development. Wirth has been with HSA PrimeCare for five years and she provides leasing and other services for the division’s top health care provider clients.
Multifamily N Illinois Affordable housing a hot topic as Chicago mayoral hopefuls speak on real estate issues Manny’s Deli in Chicago’s South Loop has a storied past, and has previously accommodated mayors, governors and presidents. Like other parts of the city, the neighborhood around it is changing. That, coupled with the hotly contested mayoral race that is nearing its end, makes it the perfect setting for a roundtable discussion with the candidates on the subject of real estate in Chicago.
Industrial N Illinois Value Industrial Partners acquires industrial property in Elk Grove Village Value Industrial Partners announced its recent acquisition of 107-131 N. Lively Boulevard in Elk Grove Village, Illinois. The Lively building is a 39,168-Square-foot, five-tenant building currently occupied by four tenants. The masonry building features 14-foot ceilings, truck docks and drive-in doors for each unit and above-average parking.
Finance N Illinois Dougherty Mortgage closes $1.3 million Fannie Mae loan for Minooka apartments The Oak Brook, Illinois office of Dougherty Mortgage recently closed a $1.3 million Fannie Mae loan for the acquisition of Mondamin Apartments, a 28-unit market rate multifamily apartment property located in Minooka, Illinois.
Multifamily N Illinois First look at revamped River City Apartments, iconic South Loop building Designed by Blue Star Properties, new renderings show the refreshed look coming to River City Apartments in Chicago’s South Loop. Respecting architect Bertrand Goldberg’s original vision for a live-work-play environment, the renovations include a full redesign and renovation of the lobby and front entrance as well as an updated and modern community space named “River Road.”
Retail N Illinois NKF arranges sale of 7.5-acre site within Huntley Commercial Center Newmark Knight Frank (NKF) announced the sale of a 7.5-acre site within Huntley Commercial Center in Huntley, Illinois. The parcel was acquired by General RV Center, to expand its existing adjacent dealership.
CRE N Illinois Elite 6 expands philanthropic reach, announces 2019 members On Thursday, December 6, 2018, the Elite 6 Dinners, a philanthropic membership organization, announced it’s 2019 Elite 6 inductees of real estate industry leaders who will work together in support of Elite 6’s 2018-2019 charity partner, Imerman Angels. The 2019 inductees are Amir Syed, Erin Mandel, Mike Del Preto, Rachel Frangos, Scott Gerami and “Reigning Number 6,” Nykea Pippion McGriff.
CRE N Illinois Ventas announces new leadership appointments Ventas Inc., a healthcare and seniors housing REIT based in Chicago, announced two key appointments to its senior leadership team. Bhavana Devulapally has been named chief information officer (CIO) and senior vice president while Juan Sanabria will serve as vice president, investor relations. Both roles report to the company’s executive vice president and chief financial officer, Robert (Bob) F. Probst.
Hospitality N Illinois Design and development teams celebrate opening of The Rose Hotel Chicago O’Hare On January 24, representatives from DLR Group joined Janko Group and The Gettys Group to celebrate the opening of The Rose Hotel Chicago O’Hare, Tapestry Collection by Hilton.
Finance N Illinois Navigating the changing tides of CRE financing In today’s world of commercial real estate finance, there is a vast ocean of cash available to fill a capital stack. The financing world has evolved in the post-recession years with alternative lenders emerging to fill the void left by bank consolidation, a decline in worldwide commercial mortgage backed securities (CMBS) issuance and a general decrease in risk appetite.
Retail N Illinois Kinton Ramen, Jeni’s Splendid Ice Creams and Independence menswear headed to Fulton Market Tucker Development secured a trio of leases at 900 West, the developer’s mixed-use development comprising 10 repurposed historic buildings in the Fulton Market District of Chicago’s West Loop. The first two leases will bring new food options to the area: Kinton Ramen as well as fast-growing artisan ice cream maker Jeni’s Splendid Ice Creams. In addition, upscale menswear boutique Independence will relocate from its current Gold Coast location. All three businesses plan to open their new locations in 2019.