Multifamily N Illinois Spring maintenance: Ensure your property is a swimming—not sinking—success The snow is gone! Well…maybe. It’s the Midwest, so anything can happen in April. But regardless of the weather outside, spring is upon us, so now is the perfect time to ensure a property is running at peak performance as we head into the busy leasing season.
Industrial v Wisconsin Hillwood acquires pair of logistics facilities in Wisconsin Hillwood has acquired two fully occupied logistics facilities totaling 338,000 square feet and 58 acres of vacant land that are part of Grandview Business Park in Yorkville, Wisconsin, in the Kenosha/Racine submarket of Chicago.
Industrial N Illinois Transwestern Investment Group sells 100,000+ SF industrial portfolio Transwestern Investment Group (TIG) sold a 108,554-square-foot industrial portfolio on behalf of the Diversified International Partners Fund. Boston-based High Street Realty Co. acquired the two logistics facilities in Lake County, Illinois, for an undisclosed price. Michael Caprile, Ryan Bain and Zachary Graham of CBRE provided disposition…
Multifamily W Minnesota CBRE sells 108-unit apartment building in Minnesota CBRE announced that Chicago-based The Habitat Company has closed on the purchase of Cedarvale Highlands, a 108-unit multifamily property at 3908 Cedar Grove Parkway in Eagan, Minnesota. The property was previously owned by Steven Scott Management.
CRE N Illinois New venture, Decennial Group, looking to raise $1 billion for opportunity zones Scott Goodman, founding principal of Farpoint Development, Bob Clark, founder and CEO of Clayco, and Shawn Clark, president of CRG, have launched Decennial Group. The Chicago-based real estate and energy investment and development joint venture is targeting $1 billion in Opportunity Zone investments.
Hospitality v Wisconsin 84-room Fairfield Inn opening in Milwaukee market An 84-room Fairfield by Marriott will open April 11 in Glendale, Wisconsin. Located at 7035 N. Port Washington Road, the Fairfield Milwaukee North will operate as a Marriott franchise owned and managed by Odyssey Hotels of Chicago.
CRE N Illinois CRE Future Leaders: Brendan Sheahan With experience representing tenants, buyer and ownership representation in build-to-suits, investment analysis, acquisition and disposition services, Brendan Sheahan serves as vice president at Darwin Realty. He has completed over 1.3 million square feet of transactions totaling more than $30 million in value.
Office N Illinois WeWork expands again in Chicago with Loop, Fulton Market locations WeWork is expanding its Chicago presence with a new 53,000-square-foot location at 1 South Dearborn and an approximately 140,000-square-foot space at 167 North Green Street. These will be the co-working outfit’s tenth and eleventh locations in Chicago, adding to the 930,000 square feet it currently occupies in River North, the Loop and Fult…
CRE N Illinois Jeff Lewis promoted to VP and office director at Shive-Hattery Shive-Hattery announced that Jeff Lewis will transition from his role as Chicago team leader to serve as vice president and office director of the Chicago and Valparaiso design offices. He succeeds Spero Valavanis, who will remain with the architecture and engineering design firm to focus on master facility planning and design for his long-…
Office N Illinois Launchways relocates headquarters to downtown Chicago Launchways, a human resources, employee benefits and business insurance solutions provider founded in 2009, will open its new headquarters at 303 W. Madison Street in Chicago on April 8. The move comes amid a period of rapid growth for the company, which expects to double its size in 2019.
Retail v Wisconsin Quantum sells freestanding Popeyes in Wisconsin Quantum Real Estate Advisors, Inc. completed the sale of a freestanding 4,442-square-foot Popeyes at 2844 Fish Hatchery Road in Fitchburg, Wisconsin. The property sold for $2.88 million.
Industrial v Wisconsin Hillwood expands Midwest industrial portfolio with acquisition in Racine County Hillwood, a Perot company, has acquired two fully occupied logistics facilities totaling 338,000 square feet and 58 acres of vacant land that are part of Grandview Business Park in Yorkville, Wisconsin, in the Kenosha/Racine submarket of Chicago.
CRE N Illinois KTGY names Demetrios Stavrianos executive director, architecture KTGY Architecture + Planning announced that Demetrios Stavrianos has joined the firm’s Chicago office as executive director, architecture. Stavrianos brings more than 32 years of professional experience in multifamily, mixed-use, retail and office design, as well as urban planning, to KTGY.
Office N Illinois For downtown office space, Chicago not yet a renters' market Growth of downtown office rental rates has moderated in Chicago, but market dynamics still generally benefit ownership. In fact, asking rents are surging in the hot Fulton Market and River North neighborhoods.
Net Lease N Illinois STREAM Capital Partners arranges 99-year, $5M sale-leaseback in River North STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the sale and leaseback of the ground beneath a building occupied by a longstanding popular tapas restaurant in Chicago’s River North submarket.
Multifamily N Illinois Pre-leasing begins for mixed-use, mixed-income Rogers Park development Pre-leasing for 111 apartments has begun at The Concord at Sheridan, a joint venture of Chicago-based The Habitat Company, Three Corners Development, the Chicago Housing Authority (CHA), Lightengale Group, Iceberg Development and Cubit Development. The project is slated to welcome first residents this spring.
Finance N Illinois American Street Capital provides $5.3M multifamily financing American Street Capital (ASC) has secured a $5.3 million bridge loan for a 72-unit multifamily complex located in Oak Forest, Illinois. The loan was originated by Igor Zhizhin, the president of ASC.
Retail N Illinois 10th Annual Chicagoland Retail & Mixed-Use Conference Join RE Journals on September 5th for the 10th Annual Chicagoland Retail & Mixed-Use Conference.
Office N Illinois Drew Nieman reunites with former colleague in joining Riverside Investment Drew Nieman has left his role as executive vice president in CBRE Chicago’s agency leasing group to join Riverside Investment & Development. Serving as firm’s fifth principal, Nieman will reunite with former colleague, John O’Donnell. The move was first reported by Crain’s Chicago Business.
CRE N Illinois James Goettsch honored with CTBUH Lifetime Achievement Award Goettsch Partners (GP) chairman and co-CEO James Goettsch, FAIA, has been selected to receive the 2019 Lynn S. Beedle Lifetime Achievement Award from the Council on Tall Buildings and Urban Habitat (CTBUH). In selecting Goettsch, the CTBUH noted that his “enormous contributions to the design of high-rise buildings around the world made him …