CRE N Illinois
Maurice Hampton;Chicago Association of REALTORS

Chicago Association of REALTORS to install Maurice Hampton as 2020 president

The Chicago Association of REALTORS (CAR) will install Maurice Hampton of Centered | RCG as its 2020 president on September 26, 2019 at its 136th Annual Inaugural Gala. At the gala, Hampton will lay out his vision for the year ahead. His key message will be a call to action to REALTORS to think of themselves as civic leaders. He will empower CAR members to identify their purpose and hone in on the areas they believe they can make a difference.

Seniors Housing N Illinois
Senior Lifestyle Corporation breaks ground on the Sheridan at Oak Brook

Senior Lifestyle Corporation breaks ground on the Sheridan at Oak Brook

Senior Lifestyle Corporation, an owner, operator and developer of senior living communities, and Kaufman Jacobs, a Chicago-based, privately held real estate investment firm, have begun construction on The Sheridan at Oak Brook. The project, which is the fourth joint venture development between Senior Lifestyle and Kaufman Jacobs, has a target opening of early 2021.

Office N Illinois
Shapack nets record sale in Fulton Market

Shapack nets record sale in Fulton Market

Shapack Partners has sold 811 W. Fulton Market to Boston-based Intercontinental Real Estate for $50.3 million. The sale price equates to $775 per rentable square, surpassing the previous record in Chicago of $734 that the RxBar headquarters at 412 N. Wells Street in River North achieved earlier this year.

Industrial N Illinois
Venture One acquires Gurnee industrial property

Venture One acquires Gurnee industrial property

Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 265,644-square-foot industrial building located at 605 Tri State Parkway in Gurnee, Illinois. The property was vacant at acquisition.

CRE N Illinois
John W. Rutledge;Oxford Capital Group

Chicago Association of REALTORS to induct John Rutledge to its Hall of Fame

The Chicago Association of REALTORS will honor and induct real estate entrepreneur, investor and civic leader, John W. Rutledge, into its Hall of Fame on September 26, 2019 at the 136th Inaugural Gala. Rutledge is the founder, president and CEO of Oxford Capital Group, which specializes in large-scale, lifestyle, hospitality-oriented real estate, with over $3 billion of transactions including 13,000 hotel rooms, 3,000 senior housing units and 1,000 residential units.

CRE N Illinois
Paul Turilli;Lendlease

Lendlease hires Paul Turilli as senior development manager in Chicago office

Lendlease, a leading international property and infrastructure group, has appointed Paul J. Turilli to senior development manager in the firm’s Chicago office. In this role, Turilli will lead the execution and delivery of Southbank, Lendlease’s seven-acre neighborhood development along the South Branch of the Chicago River whose first residential tower, The Cooper at Southbank, opened in fall 2018.

Office N Illinois
The Shuman opens for business, bringing urban office vibe to the suburbs

The Shuman opens for business, bringing urban office vibe to the suburbs

Franklin Partners has officially opened the doors of The Shuman, a socially activated office building that brings urban vibes to a suburban location. Located at 263 Shuman Boulevard in Naperville, Illinois, The Shuman features an extensive amenity floor to deliver a comprehensive workplace experience outside of Chicago’s central business district. The newly redeveloped, 350,000-square-foot office building welcomed its first tenant on September 10.

Office N Illinois
Coworking company, Offix, opens first U.S. location in Chicago

Coworking company, Offix, opens first U.S. location in Chicago

International coworking company, Offix, has opened its very first U.S. office at Catalyst Lofts, located at 917 W. 18th Street in Chicago’s Pilsen neighborhood. Chad Schroedl and Adam Thomas of SVN Chicago Commercial represented the landlord in the 6,394-square-foot lease, while Leibel Moscowitz of Vandon Forbes Real Estate represented the tenant.

Office N Illinois
Former General Motors facility in Broadview sells for $14 million

Former General Motors facility in Broadview sells for $14 million

Mark Nelson, SIOR and Mike Nelson, SIOR, formerly partners of NelsonHill and now senior vice presidents with JLL in San Diego, have closed on the sale of the former General Motors facility located on 17 acres at 2600 S. 25th Avenue in Broadview, Illinois. TradeLane Properties purchased the property for $14,070,000, as their first transaction in their new fund.

CRE N Illinois
 Tara Marszewski;Waterton

Waterton hires Tara Marszewski as new CFO

Waterton, a national real estate investor and operator, has hired Tara Marszewski as its new chief financial officer. She will replace Doug Denyer, who will remain with the company for the next six to eight weeks to ensure a smooth transition prior to his planned retirement.