Finance N Illinois Matthew Robertson joins Byline Bank's CRE group Byline Bank has hired Matthew Robertson as senior vice president, team lead in the commercial real estate group in Chicago. Robertson brings nearly 15 years of experience lending to entrepreneurial and institutional real estate investors and developers across the country.
Multifamily N Illinois 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 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.
Industrial N Illinois Lee & Associates leases up Batavia industrial property Nick Eboli and James Planey, SIOR of Lee & Associates have recently closed out leasing contracts for all 137,000 square feet of a new spec industrial building at 1200-1270 Douglas Road in Batavia, Illinois.
Multifamily N Illinois Kiser Group brokers two South Side properties totaling $5.3 million Kiser Group partner, Noah Birk, and senior director, Aaron Sklar, recently brokered the highest price-per-unit in Auburn Gresham at $93,265 per unit. Located at 8301 S. Paulina Street, JVB Holdings Chicago LLC purchased the 26-unit multifamily property for $2,425,000. The brokers represented both the buyer and seller.
Finance N Illinois Wintrust adds Susan Lunt to CRE division Susan Lunt has joined Wintrust Commercial Banking as vice president relationship management. Based in Chicago, she will focus on providing commercial real estate financing solutions to institutions, funds and private developers.
CRE N Illinois 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.
Finance N Illinois Senior housing and healthcare specialist joins Old Second Bank Donald J. Clark has been named senior vice president, commercial banking, with Old Second National Bank, operating from the Chicago—Loop location. He will be responsible for developing and growing commercial banking, specializing in the senior housing and healthcare space.
Multifamily N Illinois 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.
Finance N Illinois Metrogroup provides acquisition financing for triple-net lease properties MetroGroup Realty Finance, a private commercial mortgage banking firm based in Newport Beach, California, recently provided a total of $9.2 million in financing to private investors for two separate 1031-exchange transactions involving the acquisition of three single-tenant, triple-net lease assets in Illinois.
CRE N Illinois 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 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 Landmark Partners completes three Chicago-area transactions Landmark Partners Commercial Real Estate recently closed three transactions in the Chicago market, totaling 41,514 square feet. The two office and one industrial deals occurred in Schaumburg, Mundelein and Wheaton, Illinois.
Multifamily N Illinois Bensenville apartment building sells for $6.1M Marcus & Millichap closed the sale of A&E Luxury Apartments, a 29-unit apartment property located in Bensenville, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $6,180,000.
Retail N Illinois Lee & Associates of Illinois negotiates sale of 15,000 SF commercial building Lee & Associates has closed a $1.2 million sale transaction for a 15,000-square-foot showroom/retail facility located at 7510 W. Irving Park Road in Norridge, Illinois. The building is partially occupied by Dollar General.
CRE N Illinois Digital CRE platform, Truss, hires Groupon exec to lead product team Truss, a Chicago-based online marketplace for commercial real estate, has hired Andrew Lisy as its vice president of product. Lisy will lead the product team at Truss, including its next-generation commercial real estate platform for brokers, Truss CRE.
Hospitality N Illinois Patti Sedlacek named VP at Hostmark Hospitality Group Schaumburg, Illinois-based hotel management company Hostmark Hospitality Group has named Patti A. Sedlacek vice president of revenue management. In her new role, Sedlacek will work closely with the company’s hotel general managers and sales teams to improve business planning and pricing.
Retail N Illinois Quick change: Some shakeup among the quick service restaurant industry The quick service restaurant (QSR) industry saw large revenue gains in the U.S. last year, reaching $256 billion. These sales, which represent a 3.8 percent growth, correlate to a 2 percent increase in new restaurant locations.
Office N Illinois 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 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.