CRE N Illinois
Greg Werner;Mortenson

Mortenson’s Greg Werner receives highest honor from City of Hope

Greg Werner, senior vice president for national builder and developer Mortenson, has received the 2018 Spirit of Life Award for his service to City of Hope, a world-renowned research and treatment center for cancer, diabetes and other serious diseases. The annual award, the City of Hope’s highest honor, recognizes philanthropic leaders who make important contributions to their profession and to the communities in which they live and work.

Finance N Illinois
Robert Probst;Ventas, Inc.

Ventas' Robert Probst recognized as CFO of the year

Robert F. Probst, executive vice president and chief financial officer of Ventas, Inc. has been awarded the 2018 Chicago Public Company CFO of the Year by the Financial Executives International Chicago Chapter. The award was presented during the 8th Annual Chicago CFO of the Year Awards reception and dinner.

Multifamily N Illinois
Marco Cesario;Kiser Group

Kiser Group adds Marco Cesario to brokerage team

Kiser Group has hired Marco Cesario as the firm’s newest broker. Cesario, 38, has brokered more than $100 million of land, multifamily, mixed-use, residential, retail and office leasing transactions in his 14-year career. Prior to joining Kiser Group, Cesario worked for a large national firm and a local firm.

Industrial N Illinois
Panattoni developing 764,895 SF spec warehouse facility in Aurora

Panattoni developing 764,895 SF spec warehouse facility in Aurora

Colliers International | Chicago’s Brian Kling and Reed Adler represented Panattoni Development in the acquisition of a 53.45-acre site located on Orchard Gateway Boulevard in Aurora, Illinois, adjacent to Orchard Road and I-88. On the site, Panattoni will develop Orchard Gateway, a 764,895-square-foot, speculative, Class A warehouse distribution facility. Orchard Gateway will be the largest active construction project in the I-88 Corridor, and one of the largest industrial buildings constructed to date within the submarket.

Office N Illinois
New Class A office space to break ground this month in Fulton Market

New Class A office space to break ground this month in Fulton Market

Trammell Crow Company and CBRE Global Investors announced that construction will commence this month on a Class A, 300,000-square-foot office tower located at 1375 W. Fulton Market in Chicago's expanding Fulton Market neighborhood. The 14-floor tower will include 15,000 square feet of ground floor space for retail and restaurants. The fully financed, amenity-rich building should deliver in Q1 2020.

Multifamily N Illinois
Triton sells vintage Lakeview apartment building

Triton sells vintage Lakeview apartment building

Triton Realty Group recently sold a six-unit apartment building located at 1228 W. Diversey Parkway in Chicago, according to Matthew A. Fritzshall, president and managing broker of the firm. The asset sold for $2,400,000 which represents a $400,000 price per unit sale at a 6.25 percent capitalization rate, one of the highest per unit sales comparables in the last two years.

CRE N Illinois
Jeff Foland;Green Courte Partners

Green Courte Partners taps Jeff Foland to helm airport parking subsidiary

Green Courte Partners, a Chicago-based private equity real estate investment firm, has hired Jeff Foland as the new president and chief executive officer of The Parking Spot. Foland will also join Green Courte as a managing director. The Parking Spot, which is owned by a subsidiary of Green Courte’s third investment fund and manages assets owned by affiliates of Green Courte’s third and fourth investment funds, is the nation’s largest owner and operator of near-airport parking facilities.

CRE N Illinois
Todd Bancroft;Draper and Kramer

Draper and Kramer names Todd Bancroft as president and CEO

The Draper and Kramer board of directors has appointed chief operating officer and general counsel Todd Bancroft as the firm’s next president and chief executive officer. Bancroft, who has been serving as interim president and CEO of the real estate services firm for the last three months, succeeds Midwest Real Estate News hall of famer Forrest D. Bailey, who stepped down as president and CEO after 20 years but will stay on as vice chair and CEO emeritus.

Office N Illinois
Iconic Chicago building, theMART, achieves Fitwel certification

Iconic Chicago building, theMART, achieves Fitwel certification

The Center for Active Design (CfAD) has announced that theMART, located in the River North neighborhood of Chicago, has achieved a Fitwel 2 Star Rating, recognizing the property’s ability to support the physical, mental and social health of its occupants. Owned and managed by Vornado Realty Trust, theMART is the largest privately held commercial building in the United States, spanning over 4 million square feet and two city blocks.

Finance N Illinois
Zach Fox;Mesirow Financial

Mesirow Financial expands sale-leaseback team with appointment of Zach Fox

Mesirow Financial announced that Zach Fox has joined the firm's sale-leaseback capital group as a vice president. In this new position, which is based in Chicago, Fox will focus on new business development and client management, leveraging his extensive industry expertise and long-standing relationships to further enhance Mesirow Financial's position as a nationally recognized leader of sale-leaseback capital.

Retail N Illinois
Ryder opens logistics-focused maintenance facility in St. Charles

Ryder opens logistics-focused maintenance facility in St. Charles

Ryder System, Inc., a leader in commercial fleet management, dedicated transportation and supply chain solutions, opened a state-of-the-art, full-service maintenance facility located in St. Charles, Illinois. The new Ryder facility, located at 510 S. Tyler Road, offers customers convenient access to the major trucking highway IL-64, connecting the area to I-355 and I-88.