Net Lease Midwest Boulder Group: Interest rate slowdown a boon for net lease market Expect a boost in net lease sales throughout the rest of the year if the Federal Reserve follows through on its plans to slow interest rate hikes.
CRE N Illinois Jon Bryn joins Victor Construction as a senior project manager Jon Bryn has joined Schaumburg, Illinois-based general contractor Victor Construction Co., Inc. as a senior project manager. An accomplished and versatile project manager and a licensed architect, Bryn has over 25 years’ experience in construction, for a variety of industries and clients.
CRE N Illinois CBRE makes two strategic hires in Chicago Liz McCleary has been named vice president and Dru Garcia senior associate for CBRE in its Chicago occupier advisory and transaction services group.
Industrial N Illinois Dermody Properties promotes Tim Walsh to CIO in the firm's Chicago office Dermody Properties announced that senior leadership member, Tim Walsh, has been promoted to the role of chief investment officer at the company. He is based out of the firm’s Chicago office.
Finance N Illinois Draper and Kramer hires Jacob Vial as SVP for FHA/HUD lending Draper and Kramer has hired Jacob Vial as senior vice president in the company’s commercial finance group, overseeing Federal Housing Administration/Housing and Urban Development lending for multifamily and senior housing properties. Based out of the firm’s Chicago headquarters, he will serve as chief underwriter for all credit decisions an…
CRE N Illinois CRE taxes hit west side of downtown Chicago hardest Mid-April may be tax season here in the U.S., but for owners and occupiers of CRE properties, taxes are never far from mind. While Chicago’s real estate taxes have risen drastically over the past five years, the largest burden has followed downtown demand, out to the western submarkets.
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.
Healthcare N Illinois CBRE completes $90 million sale of four-state medical office building portfolio CBRE closed on 23 medical buildings through three separate transactions totaling approximately $90 million. The deals, sold to separate buyers over the last week, totaled over 300,000 square feet across four states. Properties include the Greenleaf Center Medical portfolio in the Chicago area, as well as two portfolios with properties in Al…
Office N Illinois Core Acquisitions purchases Deerfield office property, Ten Parkway North Core Acquisitions, a Chicago-based commercial real estate investment, development and property management company, has acquired Ten North Parkway in Deerfield, Illinois. Gramercy Property Trust, an affiliate of Blackstone, sold the property for $6.75 million.
Hospitality N Illinois Waterton hires hospitality specialist Waterton, a Chicago-based real estate investor and operator, has hired Matt Mering as executive vice president, hospitality. Mering will be responsible for the formulation and execution of Waterton’s hotel investment strategy, oversight of asset management and further developing investor relationships.
Industrial N Illinois Five points of industrial analysis Institutional investors, developers and users alike are drawn into the industrial vortex, an asset class outperforming all others as the economy continues to shift to on-demand everything. What’s in store for the remainder of 2019 and this development cycle?
CRE N Illinois Marcus & Millichap arranges sale of Roselle mixed-use building Marcus & Millichap closed the sale of Promenade Pointe of Roselle, a 15,626-square foot, mixed-use property located in Roselle, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $3,200,000.
Multifamily N Illinois Nine-unit apartment building sells in Chicago's Galewood neighborhood Marcus & Millichap facilitated the sale of a nine-unit apartment property located in Chicago, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $625,000.
Office N Illinois KBS signs over 17,000 SF in new leases in River North loft office building Newport Beach, California-based KBS signed 17,383 square feet in new leases at 213 West Institute Place in Chicago. Meredith Corporation, a leading media and marketing services company; Tiesta Tea Company, a loose-leaf tea producer; M1 Finance, a financial services firm and Studio Brunstrum, an interior design firm, all signed new leases at…
Multifamily N Illinois First look at Horizon Realty's revitalized District @ Sheridan Horizon Realty Group opened the doors to “The District @ Sheridan” a revitalized, 80-unit apartment building at 5536 N. Sheridan Road in Chicago’s Edgewater neighborhood. The first residents moved in on April 1, following a two-year, $5 million transformation of the dated building, constructed in 1966.
CRE N Illinois Belgravia Group names Alan Lev chairman, David Goldman and Jon McCulloch co-CEOs Chicago-based Belgravia Group has announced leadership team changes at the residential real estate development firm as Alan Lev transitions to chairman and David Goldman and Jon McCulloch are promoted to co-CEOs. Buzz Ruttenberg, the firm’s founder, will take on a new role as chairman emeritus.
Retail N Illinois Peter Millar opens flagship store in Chicago's Gold Coast Men's luxury apparel retailer Peter Millar is opening its first Chicago storefront at 877 N. Rush Stret. The 3,000-square-foot Gold Coast location will be the retailer’s flagship store in Chicago and it’s largest store in the country. Matt Ramsey and Anthony Genovese of JLL represented Peter Millar in the deal.
Office N Illinois Briar Meads Capital acquires and recapitalizes newly rebranded The Westwood Cushman & Wakefield has been selected to represent Briar Meads Capital as landlord leasing agent for its newest asset in the Chicago market: 2441 & 2443 Warrenville Road in Lisle, Illinois. The firm is tasked with procuring new tenants for the property while NAI Hiffman will bring new tenant-focused professional property management to the f…
CRE N Illinois Michael Snyder named COO of Muinzer and South Street Capital Muinzer, a vertically integrated real estate investment and property management firm, together with South Street Capital, a real estate private equity firm, announced the promotion of Michael Snyder to chief operating officer, reporting to Marc Muinzer, founder and CEO.
Finance N Illinois Old Town multifamily project a go with closing of funding round New York-based Prodigy Network has closed the first round of equity funding for a seven-story multifamily building in the Old Town neighborhood, its inaugural project in Chicago. The $22 million raised will facilitate property acquisition and predevelopment costs for the project at 1400 N. Orleans Street, Old Town Residences, which moves to…