More than 200 results for “Chicago”
Multifamily N Illinois

Chicago's multifamily market thriving, evolving

| Matt Baker

With all the activity going on in multifamily these days, many question what the next frontier of this asset class looks like. Yesterday morning, over 225 people had their questions answered at the 10th Annual Chicagoland Multifamily & Affordable Housing Real Estate Summit, hosted by REjournals.

Finance N Illinois

PMG secures $30.7 million refi for co-living project, X Chicago

X Social Communities (XSC), a multifamily division of Property Markets Group (PMG), has closed on a $30.7 million loan from NXT Capital to refinance its 99-unit X Chicago project, which opened in June 2018. The loan replaces a construction loan from Principal Financial Group and returns capital to equity investors, including Raven Capital M…

Finance Midwest

Berkadia's Ernie Katai: Multifamily still drawing financing requests

| Dan Rafter

How strong is the multifamily market today? Just ask Ernie Katai, head of production and executive vice president with the Detroit and Chicago offices of Berkadia. He’s seeing a steady stream of financing requests for multifamily purchases and developments. The best news? Katai doesn’t see a slowdown coming in this sector anytime soon.

Office N Illinois

United Airlines reups at Chicago's Willis Tower

United Airlines has renewed its lease in Willis Tower, which will keep the world’s second-most profitable airline in the noted high-rise until at least 2033. The news comes after a year-and-a-half search that saw the company considering riverfront megadevelopments for a new headquarters location.

CRE N Illinois

SVN Chicago Commercial welcomes Leslie Karr

Leslie Karr joined SVN Chicago Commercial as a vice president with over 20 years of retail real estate experience. She specializes in site selection for the development and implementation of retail tenant expansion strategies, representing developers and owners of high-density, mixed-use properties in downtown Chicago and suburban central b…

CRE N Illinois

Brad Serot promoted to vice chairman at CBRE

CBRE recently promoted Brad Serot to vice chairman, the highest producer ranking at the firm. Part of CBRE’s occupier advisory and transactions business, Serot has been directly involved in more than $6 billion in transactions since joining the firm in 2001.

Retail N Illinois

New Jewel ends 50-year food desert for Chicago's Woodlawn neighborhood

The Preservation of Affordable Housing (POAH) joined with Chicago Mayor Rahm Emanuel and community members to celebrate the grand opening of a new Jewel-Osco store in Chicago’s Woodlawn neighborhood. The move comes after more than $410 million in investment over nearly a decade of redevelopment efforts that started with a modest rehab of th…

Multifamily N Illinois

Condominiums officially open at Chicago's One Bennett Park

Related Midwest, the Chicago office of Related Companies, celebrated the grand opening of the condominiums at One Bennett Park, the developer’s 70-story residential tower in Chicago’s Streeterville neighborhood. The luxury high-rise is the city’s first designed by Robert A.M. Stern Architects (RAMSA), working in collaboration with local arc…

CRE N Illinois

CREW Chicago holds 8th industry leadership achievement award dinner

Last week, CREW Chicago held its 8th Industry Leadership Achievement Award Dinner. Over 350 gathered to celebrate Trish Kelly, president of TCF Commercial Banking. Kelly is a long-standing, active member of CREW Chicago and has provided her leadership skills to many CREW Chicago events. Kelly was chosen for her tireless commitment to helpin…

Industrial N Illinois

Online grocery and last mile growth continue to drive food space usage

| Todd Heine

The growth in fresh and organic food products and last mile delivery is fueling significant demand for industrial space in Chicago and across the country. As a central location for food production, warehousing and distribution since the 1800s, Chicago continues to attract a diverse range of manufacturers, distributors and food ingredient companies.

CRE N Illinois

Franklin Partners redeveloping One Mag Mile in Chicago

Franklin Partners announced the redevelopment of One Mag Mile (980 N. Michigan Avenue), including transformative lobby renovations. Additional building improvements are planned and the developer recently hired a new building operations manager who will ensure that tenants receive the highest quality services and support.

Finance Midwest

Associated Bank's Warsek: CRE strong, but evolving, in 2019

| Dan Rafter

Commercial lenders can tell when the commercial real estate market is hot and when it’s heading for a slowdown. And 2019? Greg Warsek, senior vice president and senior regional manager in the Chicago office of Associated Bank, told Midwest Real Estate News that this year should be another strong one when it comes to financing requests and c…