Hospitality N Illinois Marcus & Millichap arranges sale of 117-room McHenry hotel property Marcus & Millichap facilitated the sale of Hampton Inn, a 117-room hospitality property located in McHenry, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.
Retail N Illinois Marcus & Millichap arranges sale of Des Plaines ground lease property Marcus & Millichap facilitated the sale of a 4,224-square-foot Fifth Third Bank ground lease located in Des Plaines, Illinois, according to Steven D. Weinstock, first vice president and regional manager of the firm’s Chicago Oak Brook office. The asset sold at 99 percent of list price for $1,943,065.
CRE N Illinois JLL acquires HFF in bid to bolster capital markets business Chicago-based JLL will acquire all the outstanding shares of HFF in a cash and stock transaction with an equity value of approximately $2 billion. The transaction has been unanimously approved by the boards of directors of both companies.
CRE N Illinois CRE Future Leaders: Austin Vanderstappen Austin Vanderstappen is an associate within Podolsky Circle CORFAC International’s brokerage division, where he specializes in industrial transactions in the Northwest Suburban submarket, representing both tenants and landlords. He focuses on new business development, market research and client services for both private and institutional clients.
Multifamily N Illinois Apartment Investment Advisers closes apartment sale in Austin neighborhood Apartment Investment Advisers (AIA) recently closed a 27-unit apartment building located at 5400 W. Madison Street, Chicago. Located in the city’s Austin neighborhood, the asset sold for $1,370,000.
Net Lease N Illinois Net-leased Bucktown property sells for $850,000 Marcus & Millichap announced the sale of a 1,400-square-foot, net-leased commercial condo property located in Chicago’s Bucktown neighborhood, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The buyer was selected six days after listing the asset and sold at 96.15 percent of list price for $850,000.
Retail N Illinois Marcus & Millichap arranges sale of State Street retail property Marcus & Millichap announced the sale of 114 S. State Street, a 27,780-square-foot retail property located in Chicago, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset went from contract to close in under 60 days and sold for $9,125,000.
CRE N Illinois JLL appoints Stephanie Plaines CFO JLL announced the appointment of Stephanie Plaines as global chief financial officer effective by the end of March. She will report to CEO Christian Ulbrich and join the company's global executive board.
Hospitality N Illinois Geneva, Illinois hotel property sells for $6.2 million Marcus & Millichap announced the sale of Comfort Inn & Suites, a 90-room hospitality property located in Geneva, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. he three-story, upper midscale hotel was built in 2000 and sold for $6,275,000.
Retail N Illinois Marcus & Millichap closes retail, mixed-use deals in western suburbs Marcus & Millichap announced the sale of two properties in Chicago’s western suburbs. A 16,500-square-foot mixed-use property located in Franklin Park sold for $650,000 while a 9,176-square-foot retail property located in Maywood went from contract to close in 47 days and sold for $1,596,000.
Finance i Ohio NorthMarq provides $2.45 million of financing for Ohio apartment property Noah Juran, senior vice president/senior director of NorthMarq’s Cincinnati-based regional office, arranged acquisition financing of more than $2.45 million for Spring Creek Apartments, a 66-unit multifamily property at 475 Gilpin Road in Springboro, Ohio.
Hospitality O Indiana Marcus & Millichap sells 62-room hotel property in Fort Wayne Marcus & Millichap closed the sale of Best Western Plus Fort Wayne Inn & Suites, a 62-room hotel property in Fort Wayne, Indiana. The asset sold for $5.35 million.
Hospitality v Wisconsin Marcus & Millichap sells 56-room Super 8 in Wisconsin Marcus & Millichap closed the sale of a 56-room Super 8 motel in Eau Claire, Wisconsin. The asset sold for more than $2.357 million.
Net Lease N Illinois Retail property sells in Chicago’s south suburbs for $3.7 million Marcus & Millichap announced the sale of a 7,098-square-foot retail property located in Flossmoor, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold to a local 1031 buyer at 97.8 percent of list price for $3,725,000.
CRE N Illinois Marcus & Millichap sells mixed-use building in Chicago's Lakeview neighborhood Marcus & Millichap announced the sale of a 7,700-square-foot, mixed-use property located at 2831 N. Clark Street in the prime Lakeview East neighborhood, 250 feet from the intersection of Clark and Diversey, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,420,000.
Retail N Illinois Three-tenant retail property sells in Bourbonnais, Illinois for $2.5 million Marcus & Millichap announced the sale of a 6,200-square-foot retail property located in Bourbonnais, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset, which is 100 percent leased to Five Guys, Firehouse Subs and Lacey’s Place, sold for $2,525,000.
CRE N Illinois Ahead of the CRE Forecast, a look at Chicago in 2019 When the 850 or so expected industry professionals pour into the Hyatt Regency Chicago on Jan. 8 for the 17th annual Commercial Real Estate Forecast Conference, they’ll hear from dozens of experts about where the market is headed in 2019. We reached out to two of the speakers, Molly McShane and Drew Nieman, for a preview of what they feel t…
CRE N Illinois CRE Future Leaders: Andy Heymann As part of our series, CRE Future Leaders, we caught up with Andy Heymann, a director in Cushman & Wakefield’s Chicago office. Heymann has assisted regional and national firms with lease restructures, renewals, relocations, acquisitions and dispositions. His current clients range from local law firms to Fortune 500 corporations.
Net Lease N Illinois Marcus & Millichap arranges $3.7M sale of dialysis center Marcus & Millichap facilitated the sale of a 9,703-square-foot, net-leased DaVita Dialysis Center, located in South Holland, Illinois. The asset sold in a 1031-exchange to an out-of-state buyer for $3,707,000. Valerie Cook, senior associate, and senior vice presidents–investment Austin Weisenbeck and Sean R. Sharko of the firm’s Chicago Oak…
Retail N Illinois Hanover Park, Illinois retail center sells for $4.4 million Marcus & Millichap announced the sale of Sandpiper Plaza, a 35,986-square-foot shopping plaza located in Hanover Park, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. After multiple offers, the property went from contract to close in 51 days and sold for $4,400,000.