Multifamily N Illinois Essex Realty Group brokers sale of two Logan Square apartment buildings Essex Realty Group facilitated the sale of two Logan Square apartment buildings located at 3334 W. Palmer Street and 3049 N. Spaulding Avenue in Chicago. Jim Darrow, Jordan Gottlieb and Jordan Multack were the sole brokers of both buildings, which sold for a combined $5,300,000.
Multifamily N Illinois McShane Construction to build 259 multifamily units in Warrenville Atlantic Residential has selected McShane Construction Company to construct a 259-unit, multi-building residence in Warrenville, Illinois that will be known as Everton Flats. The architect of record for this design-build project is HKM. The property, which will incorporate sustainable features and a number of tenant amenities, is scheduled …
CRE N Illinois Newmark Knight Frank adds Postweiler, Harwood and Fohl to Chicago capital markets practice Newmark Knight Frank (NKF) has bolstered its team of capital markets brokers in its Chicago office. Executive managing director James Postweiler and senior managing directors Peter Harwood and Derek Fohl join NKF with over 60 years of combined commercial real estate experience.
Finance N Illinois Uber Capital Group sources $12.5 million for Ford City Mall acquisition Commercial real estate financial advisory and mortgage origination firm, Uber Capital Group, sourced a $12.5 million acquisition financing loan for the purchase of Ford City Mall, located at 7601 S. Cicero Avenue in Chicago. The client, commercial real estate investment group Namdar Realty, paid $16.6 million for the property earlier this year.
Seniors Housing N Illinois Experts sound off on the prospects for senior housing One of the fastest growing segments in real estate has been senior housing, a diverse asset class that can deliver more property types than perhaps some people realize.
Office N Illinois Intelligent Medical Objects gets new offices in the Loop and near O'Hare Leopardo recently completed a 44,000-square-foot headquarters build-out for Intelligent Medical Objects located at 9600 W. Bryn Mawr Avenue in Rosemont, Illinois and a 10,000-square-foot build-out at 30 W. Monroe Street in Chicago. Partners by Design provided interior design services on both projects.
Student Housing N Illinois Dekalb rental property sells for $745,000 Marcus & Millichap facilitated the sale of a 28-unit apartment property located in Dekalb, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $745,000.
CRE N Illinois Missner Group's Papineau: You leave a bit of yourself with every building Bob Papineau, senior project manager for construction with Des Plaines, Illinois-based general contractor The Missner Group, has steadily built his career in commercial real estate, becoming a leader at one of the Chicago area’s busiest construction firms. Along the way, he’s held a range of positions, everything from assistant superintende…
Office N Illinois Invenergy expands into 100,000 SF at 1 S. Wacker in Chicago CBRE recently represented Invenergy in a 100,000-square-foot lease at 1 S. Wacker Drive in Chicago. The sustainable energy solutions provider previously occupied 70,000 square feet at the property. The long-term renewal and expansion will increase the firm’s office space by more than 40 percent.
Retail N Illinois Retail finds a way forward in the suburbs The retail asset class continues to experience growing pains as it evolves in the age of e-commerce. Recent retail trends continued in the Chicago suburbs while there were some winners and some losers.
Net Lease N Illinois JLL closes sale of new retail property in suburban Chicago JLL closed on the sale of a newly constructed, 18,000-square-foot, single-tenant retail property that is triple-net-leased to Goodwill in the Chicago suburb of Glenview, Illinois. JLL marketed the property on behalf of the seller, a Chicago-based merchant developer. Best Properties LLC of Florida purchased the asset in a 1031 exchange.
CRE N Illinois Stream Chicago taps Adam Showalter for new managing director role Stream Realty Partners, a full-service national real estate investment, development and services company, announced the hiring of Adam Showalter as managing director within Stream’s Chicago office.
Multifamily N Illinois CRG Residential adds to Chicago team CRG Residential, a national leader in multifamily construction and renovation, recently hired Laura Keefe as a client relationship manager.
CRE N Illinois Smita Sahoo joins CannonDesign's commercial market as design leader Smita Sahoo, NCIDQ, LEED, has joined CannonDesign as a design leader and vice president in the firm’s commercial market. Based in the Chicago office, Sahoo will focus on partnering with organizations and developers both in the city and globally.
CRE N Illinois Peak Construction Corporation expands team with five new employees Peak Construction Corporation has hired four employees based out of their Des Plaines, Illinois office: Joe Conneely, Solomon Dana, Evan Magana and Bret Thomison. The firm also hired a fifth employee, Kumar Patel, based in New Jersey.
Office N Illinois Chicago may be in a fix when it comes to flex office Despite the recent struggles of a certain juggernaut provider, all expectations are that the coworking and flexible office segment will only flourish in the U.S. over the next decade. Some cities will see larger growth than others, however, and Chicago might not match the rate of expansion in other markets.
Industrial N Illinois Marcus & Millichap arranges sale of Rockford self-storage facility Marcus & Millichap closed the sale of a two-property self-storage portfolio, consisting of 100,623-square feet in Rockford, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The sites are located approximately 1.5 miles from one another at 3231 and 4850 N. Main Stre…
CRE N Illinois Four property management leaders added to IREM Chicago executive council Four commercial property managers representing a diverse cross-section of the industry were formally installed as the executive council for the IREM Chicago Chapter at a luncheon and meeting October 30. Those serving the Chapter in 2020 are Angela Aeschliman, CPM, president, The Missner Group; Steve Schimmel, CPM, president-elect, McLennan …
CRE N Illinois Stockbridge adds associate to Chicago office Stockbridge, a San Francisco-based real estate investment firm, has hired Thomas Grusecki Jr. as an associate on the firm’s Chicago team. With more than 8 years of real estate investment and acquisition experience, Grusecki will focus on capital markets activities for the firm’s Core and Value-Added Business nationally.
Finance X Missouri Berkadia sells 408-unit multifamily property in Kansas City Berkadia closed the sale of The Kings, a 408-unit garden-style multifamily property in Kansas City, Missouri. Senior Managing Director Alex Blagojevich of Berkadia’s Chicago office, along with Senior Director Michael Sullivan and Director Brett Meinzer of Berkadia’s Kansas City, Missouri, office completed the sale.