Multifamily N Illinois 33 Realty arranges deconversion sale of a 79-unit condo building in Oak Park Chicago based commercial real estate firm 33 Realty represented an unnamed buyer in its $15.172 acquisition of a 79-unit condo building located at 932 W. Pleasant, Oak Park, Illinois. The buyer, a family office looking to increase its holdings in suburban infill markets, will convert the building into rental apartment and embark on a major …
Multifamily N Illinois Spaces Real Estate begins leasing at MODE Lakeview in Chicago Chicago-based Spaces Real Estate announced the start of leasing at MODE Lakeview, a four-story, 18-unit rental community located at 3462 N. Lincoln Avenue on Chicago’s North Side. Developed by Fifield Construction and Realty and Tandem Construction, Development & Architecture, the transit-oriented development is now welcoming new residents …
Multifamily Midwest The highest apartment rents? Don't look for them in the Midwest Landlords looking for the highest monthly apartment rents? They’ll do better collecting on the coasts. The most recent survey released by Zumper, covering January of this year, found that the cities with the highest monthly one-bedroom rents were clustered on either the West Coast or East Coast, with six of the cities in California.
Net Lease N Illinois Net-leased CVS sells for $3.2 million in Chicago Marcus & Millichap announced the sale of a 22,007-square-foot net-leased property located in Chicago, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold in an all-cash transaction within 95 percent of list price for $3,250,000.
Retail N Illinois CBRE arranges sale of Jeffrey Plaza retail center in Chicago CBRE’s Chicago office recently represented Cannon Commercial Management in the sale of Jeffrey Plaza, a 113,303-square-foot retail center at 7131 S. Jeffrey Boulevard in Chicago, to local grocer Shop and Save Market.
Office N Illinois New downtown office space keeps them coming in Chicago Strong demand for Class A office product in Chicago’s CBD pushed leasing volume over 3 million square feet for the third consecutive quarter. And according to the latest report from Savills Studley, office tenants just can’t get enough of new spaces.
Multifamily N Illinois Belgravia Group begins pre-sales for Triangle Square condominiums in Chicago Chicago-based Belgravia Group, Ltd. has announced it will begin pre-construction sales on Feb. 16 for its 66 condominiums at Triangle Square, a mixed-used development in Chicago’s East Bucktown neighborhood that is part of the North Branch Corridor. A sales gallery for the project will be located at 2131 N. Damen Avenue, a quarter-mile from…
Multifamily O Indiana Marcus & Millichap sells 192-unit apartment in Indiana Marcus & Millichap closed the sale of Williamsburg Way Apartments, a 192-unit apartment property in Columbus, Indiana. The asset sold for $8.825 million.
Office N Illinois Lincoln Common welcomes proptech firm Compass as new tenant Co-developers Hines and McCaffery Interests announced that Compass has executed a lease at the new mixed-use development, Lincoln Common. The innovative residential real estate firm will lease 24,261 square feet on floors three and four of the loft office building at Lincoln Common.
CRE N Illinois Skender hires Stacy Scopano as chief technology officer Skender, a vertically integrated design, construction and manufacturing firm based in Chicago, has hired Stacy Scopano as chief technology officer. Scopano will be charged with ensuring Skender is continually evolving its technological capabilities and integrating industry-leading innovations across the company.
Industrial N Illinois The Missner Group and Timber Hill Group team up on new parking facility The Missner Group and Timber Hill Group announced the development of a new 12.5-acre overnight truck parking facility in Melrose Park, Illinois. The development will be situated at 2100 N. 15th Avenue, Melrose Park, Illinois, along Armitage Avenue in the O’Hare Cook County submarket of Chicago.
CRE N Illinois Brendan Hill joins ML Realty Partners Brendan Hill has joined ML Realty Partners as acquisition director, according to Patrick Shannon, senior vice president of the firm. Hill will oversee the acquisitions of buildings and redevelopment opportunities for ML Realty Partners in the Chicagoland market.
Retail N Illinois Branson Edwards joins CBRE to lead integrated retail accounts practice CBRE announced that Branson Edwards, a nationally known retail portfolio solutions thought leader, has joined the company as executive vice president and leader of integrated retail accounts in the Americas.
Industrial N Illinois NKF orchestrates two industrial investment sales in DuPage County Newmark Knight Frank (NKF) has successfully orchestrated two industrial investment sales totaling approximately 196,000 square feet in DuPage County, Illinois. Together, both sales are valued at more than $11,000,000.
Multifamily N Illinois Proptech firm Blueground launches in Chicago Real estate technology company Blueground has expanded into Chicago. The company, which offers fully furnished and equipped apartments for a month, a year or longer, aims to make the apartment leasing process more efficient for both renters and landlords.
Net Lease Midwest Commercial Real Estate Hall of Fame: The Boulder Group's Randy Blankstein Each year, Midwest Real Estate News elects a new class to its Midwest Commercial Real Estate Hall of Fame. Our 2018 class has just been announced, and copies of that issue have been sent. But before we start running those profiles online, we are highlighting the careers of the CRE pros who were selected for our 2017 Hall of Fame class. This…
Finance N Illinois HomeStar Bank supplies SBA financing for Primrose School of Carol Stream The SBA lending division of HomeStar Bank has provided financing for Primrose School of Carol Stream. The $5.5 million loan provides for land and construction costs on the school, which will serve communities that include Carol Stream, Bartlett, West Chicago, Glendale Heights and Bloomingdale, Illinois.
Office N Illinois J.C. Anderson wraps up office build-out for insurance company in Aon Center J.C. Anderson has completed a 65,000-square-foot office renovation for an insurance firm’s new headquarters located at the Aon Center, 200 E. Randolph Street, Chicago.
Industrial N Illinois Industrial projections and prognostications To kick off the New Year, we thought it would be interesting to hear some “projections and prognostications” from several of the top developers who are most active in the marketplace. Here is what they all had to say about their thoughts for CRE in 2019.
Industrial N Illinois Colliers arranges 60,000-SF, full-building industrial lease in Chicago Colliers International | Chicago’s Chris Volkert, SIOR, and Brendan Green represented Oberg Medical Products Company in a long-term, 60,126-square-foot, full-building lease at 4311 N. Normandy Avenue in Chicago.