Office N Illinois Fintech company Affirm opens Chicago office with 350 North Orleans lease EQ Office announced that Affirm, Inc. will be opening its first Chicago office at 350 North Orleans Street. The fintech company signed an office lease for more than 57,000 square feet, spanning two floors, which they plan to move into in Spring 2020.
CRE N Illinois Looking out over Chicago’s shifting landscape with Marilyn Lissner Chicago had Marilyn Lissner before it had the NBC Tower, Harold Washington Library or 77 West Wacker. In her four-plus decades of work in commercial real estate, she has witnessed monumental changes, to the city as well as to the industry.
Finance L Iowa REITs still attractive to investors, but opportunities in the Midwest limited As client portfolio manager for Des Moines, Iowa-based Principal Global Investors, Todd Kellenberger understands what good investments REITs can be. And in 2020? He expects a good year for REITs once again.
CRE N Illinois Dermody Properties hires Neal Driscoll as Midwest region partner Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics properties, has hired Neal Driscoll as Midwest region partner. Based in the company’s Chicago office Driscoll is responsible for the company’s expanding portfolio across the Midwest including th…
CRE N Illinois W.E. O'Neil Construction promotes two to directors of special projects W.E. O’Neil Construction announced the promotions of both Stephanie Cotey and Kevin Mraz to directors of special projects within its Chicago office. Both promotions will support the growth of the company and enable W.E. O’Neil to continually emphasize its commitment to its clients, regardless of the size or scope of a project.
CRE N Illinois Pine Tree growth continues into 2020 with five new hires Northbrook, Illinois-based Pine Tree, LLC announced the hiring of five new staff members. Joining the full-service retail real estate company are John Figueroa, MS-HRM, director of human resources; Nicholas Kohlmann, asset manager; Jessie Pomper, graphic design and marketing specialist; Tom Seurynck, enterprise analyst and Kaylynn Espinoza,…
Office N Illinois Downtown and in the suburbs, new office space continues to draw tenants There’s certainly been no cease fire on the horizon in the office amenity war, but the condition of the overall space itself is also vitally important. Whether in the heart of the CBD or out in the suburbs, office users continue to show a proclivity for new or renovated spaces.
Office N Illinois Boutique, 12-story office building breaks ground in River North CA Ventures and Midwest Property Group Ltd. kicked off construction in Chicago’s River North at 448 North LaSalle on a boutique, class A office building. Already 75 percent leased, JLL announced two anchor tenants with the news of the groundbreaking—CA Ventures will occupy the lower five floors and WeWork will lease four floors of the 12-st…
CRE N Illinois Westmount Realty Capital hires Chicago industrial real estate expert, Kit Sultz Westmount Realty Capital announced that Christopher “Kit” Sultz has joined the national real estate investment firm’s Chicago office as asset manager. Sultz has more than 20 years of experience managing industrial real estate across Chicagoland and will oversee Westmount assets in four markets.
CRE N Illinois DuPage County makes the case that it can be all things to all users and asset classes Last week, REjournals hosted the first annual State of DuPage County & Western Suburbs CRE Market. Held at the IBEW Local 701 Hall in Warrenville, the sold-out crowd heard from local policy experts and CRE professionals about what makes this part of the Chicago metro stand out.
Multifamily N Illinois Marcus & Millichap arranges sale of six-unit apartment building in Chicago Marcus & Millichap facilitated the sale of 5701 W. 55th Street, a six-unit apartment property located in Chicago, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $662,500 or 98 percent of the list price.
Multifamily N Illinois First look inside Wolf Point East The first residents have taken residency at Wolf Point East, the 698-unit luxury apartment building going up at the confluence of the Chicago River. The project is a development of Hines, Wolf Point Owners LLC and the AFL-CIO Building Investment Trust.
CRE N Illinois CallisonRTKL announces new hire in Chicago, Sarah Wicker Sarah Wicker has joined the Chicago office of global architecture, planning and design firm CallisonRTKL as vice president, director of research. Wicker will oversee the development and direction of the new firm-wide research team. A creative thinker and skilled strategist, Wicker will focus on advancing human-centered strategy processes—cr…
CRE N Illinois Decennial Group hires Ben Harris to lead investor relations Decennial Group, a national real estate development and investment firm, has hired Ben Harris as senior vice president of investor relations. In this role, Harris will oversee Decennial’s capital raising efforts while also focusing on structuring and branding its various investment vehicles.
CRE N Illinois Downtown Evanston asset sells for $2.3M An 11,250-square-foot building located at 1012-1014 Davis Street in downtown Evanston, Illinois sold to a buyer for $2,300,000. The new owner plans to convert the site, located on a 15,050-square-foot development lot, into a child care use. Angelo Labriola and Paul Cawthon of SVN Chicago Commercial were the sole advisors in the transaction.
Net Lease N Illinois Multi-Tenant retail property trades in South Holland for $3.2 million Marcus & Millichap brokered the sale of a Family Dollar-anchored center, a 36,389-square foot retail property located in South Holland, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $3,249,669.
Multifamily W Minnesota Apartment rents up in St. Louis, down in Minneapolis, flat most everywhere else The days of big monthly increases in apartment rents might be over, at least for now. That’s one of the takeaways from Zumper’s February National Rent Report.
CRE N Illinois Revitalization projects unveiled for five Chicago neighborhoods The Chicago Central Area Committee (CCAC) and World Business Chicago (WBC) presented five proposals designed to drive economic development and support the efforts of community organizations that work to revitalize commercial corridors and help businesses in select Chicago neighborhoods.
Multifamily N Illinois Illinois' largest condo deconversion by units trades in Des Plaines New Jersey-based CLK, LLC has acquired the 154-building, 924-unit Heritage Village Pointe condominium complex in Des Plaines, Illinois and will orchestrate the largest condominium deconversion program in the state of Illinois. Cagan’s Realty, an affiliate of Cagan Property Management, represented CLK in the transaction and worked closely an…
Retail N Illinois Lee & Associates of Illinois brokers sale of Hoffman Estates restaurant space Lee & Associates has closed a sale transaction for a commercial building located at 2575 W. Higgins Road in Hoffman Estates, Illinois. The facility is an 8,458-square-foot former Macaroni Grill on 1.94 acres. Terms of the transaction were not disclosed.