CRE N Illinois
CRE Future Leader: Kristen Alessi

CRE Future Leader: Kristen Alessi

Kristen Alessi is a property manager at Draper and Kramer, overseeing the community at Eleven Thirty in Chicago’s South Loop. She joined the firm in 2013 as a property administrator, quickly advanced through promotions and was recently named Accredited Residential Manager of the Year by the Institute of Real Estate Management’s Chicago chapter.

Office N Illinois
Clayco awarded design-build contract for Fulton Market mid-rise

Clayco awarded design-build contract for Fulton Market mid-rise

Clayco has been awarded the design-build contract for the 215 N. Peoria office development in Chicago’s Fulton Market neighborhood. Led by developers Bob Wislow and Camille Julmy, the $26 million mid-rise project includes a 12-story office building featuring bottom floor amenities, two floors of parking, six floors of office space for lease and a green roof used as amenity space.

CRE N Illinois
Studio Gang-led team chosen for $8.5B O'Hare expansion

Studio Gang-led team chosen for $8.5B O'Hare expansion

Chicago Mayor Rahm Emanuel announced today that Studio ORD has been selected to implement an $8.5 billion expansion of O’Hare International Airport’s terminal space. Studio ORD is a joint venture led by Chicago-based Studio Gang along with Solomon Cordwell Buenz, STL Architects, Corgan Associates and Milhouse Engineering and Construction.

Multifamily N Illinois
Englewood apartment building seeks $20M, anticipates opportunity zone interest

Englewood apartment building seeks $20M, anticipates opportunity zone interest

Chicago-based multifamily brokerage firm Kiser Group brought the New Englewood Terrace Apartments property to market. The 304-unit, 23-story building is listed for $20,750,000 and represented by Kiser Group’s partner, Noah Birk, and director, Aaron Sklar. Located at 6425 S Lowe Avenue in Chicago, the property is being marketed as a value-add investment opportunity.

Office N Illinois
Clear Height signs Orbit Medical to 15,233 SF lease in Aurora

Clear Height signs Orbit Medical to 15,233 SF lease in Aurora

After acquiring the building in May 2018 and completing a refresh of the premises, Clear Height Properties has completed a lease for 15,233 square feet of flex office and industrial space at 550 N. Commons Drive in Aurora, Illinois. Orbit Medical, relocating from Naperville, Illinois, leased contiguous suites including extensive office buildout and 3,925 square feet of warehouse space.

Office N Illinois
Pilsen loft office sells for more than $5 million

Pilsen loft office sells for more than $5 million

The 100,544-square-foot, brick loft office building at 2201 S. Halsted Street in Chicago’s Pilsen neighborhood sold to a local investment group, expanding their portfolio. Angelo Labriola and Paul Cawthon of SVN Chicago Commercial represented the seller in the transaction while SVN Chicago advisor’s Stephen Cusano and James Mead, CCIM, represented the buyer. The light industrial/loft-office investment sold for $5,350,000.

CRE N Illinois
Collete English Dixon

Collete English Dixon appointed to the Waterton advisory board

Waterton, a Chicago-based real estate investor and operator, announced the appointment of Collete English Dixon to the the firm’s advisory board. Comprised of a group of three independent (non-Waterton) individuals and the two Waterton co-founders, David Schwartz and Peter Vilim, the board provides strategic counsel to Waterton’s leadership committee.