Multifamily N Illinois
Apartment Investment Advisers marketing four-building South Shore portfolio

Apartment Investment Advisers marketing four-building South Shore portfolio

Chicago-based Apartment Investment Advisers LLC is marketing an apartment portfolio investment located just south of the intersection of 71st Place and Jeffery Avenue in the South Shore neighborhood on the South Side of Chicago. The portfolio includes four neighboring mid-rise elevator buildings comprised of 208 apartments and street level retail units, as well as an additional 34-space parking lot.

CRE N Illinois
Sean P. Nolan;Ventas Inc.

Ventas appoints Sean P. Nolan to board of directors

Sean P. Nolan, former chief executive officer of gene therapy firm AveXis, Inc., has been appointed as an independent member of the Ventas, Inc. board of directors, effective today. Nolan will initially serve on the audit and compliance committee for the Chicago-based real estate investment trust.

CRE N Illinois
Richard Melone;Morgan Harbour Construction

Melone joins Morgan / Harbour as project executive

Morgan / Harbour Construction has hired Richard Melone as project executive in the company’s Willowbrook, Illinois headquarters office. Melone has a strong background in healthcare construction having led numerous projects for the healthcare division of his previous firm throughout the Chicago area.

Multifamily N Illinois
Interra Realty brokers largest apartment building sale in Chicago's South Shore neighborhood in a decade

Interra Realty brokers largest apartment building sale in Chicago's South Shore neighborhood in a decade

Chicago-based Interra Realty has brokered the $16.8 million, 238-unit sale of Shorewind Towers, located at 7000 S. South Shore Drive, and Shorewind Court, nearby at 6951 S. Oglesby Avenue, in Chicago’s South Shore neighborhood. The two-property transaction was the largest by dollar amount and unit count in the submarket since 2009, according to CoStar.

CRE N Illinois
CRE Future Leaders: David Michael

CRE Future Leaders: David Michael

David Michael has been with Peak Construction Corporation since 2011, currently as project executive. Primarily focused in the industrial and office construction markets in the Chicago area and northeast, his experience includes build-to-suit, design-build and speculative new construction, owner improvement and tenant build out projects ranging from $1 to $25 million. 

CRE N Illinois
River North property closes for $4.3 million in Chicago

River North property closes for $4.3 million in Chicago

Chicago-based 5M Group, Inc. has closed on the sale of 720 N. Wells Street in Chicago’s River North neighborhood. Mark Reiter and Paul Nelhart of 5M Group brokered the $4.3 million sale on behalf of the seller, a family trust. The buyer intends to hang their private art collection and to lease out the space for not-for-profit use.

Office N Illinois
Colliers arranges sale of Fulton Market office condos

Colliers arranges sale of Fulton Market office condos

Colliers International | Chicago’s Michael Senner and Thomas Volini represented West Fulton 1400 LLC in the sale of a 69 percent condo interest in the 62,555-square-foot office building located at 1400 West Fulton Street. NARE Investments purchased the space at the three-story building for an undisclosed price.

Industrial N Illinois
CA Industrial begins construction on 146,000-SF warehouse near O'Hare

CA Industrial begins construction on 146,000-SF warehouse near O'Hare

Chicago-based CA Industrial, the industrial investment and development division of CA Ventures, has started construction on CA Elk Grove, a 146,029-square-foot, speculative, Class A warehouse at 550 E. Devon Avenue in Elk Grove Village, Illinois. The building, which offers a flexible layout to accommodate either single- or multi-tenant users, should be completed by the first quarter of 2020.