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.
CRE N Illinois Cook County taxes might not pinch as much as many feared Ever since Fritz Kaegi was installed as Cook County Assessor, commercial property owners across the county have readied themselves for crushing tax bills. A new report seems to suggest, however, that the hike in taxes may not be as painful as some feared.
Finance N Illinois Michael Corr joins Inland Bank as SVP and manager of business banking Oak Brook, Illinois-based Inland Bank and Trust announced the appointment of Michael Corr as senior vice president and manager of business banking.
Hospitality N Illinois DMAC Architecture to design Graduate Evanston Hotel Adventurous Journeys Capital Partners acquired The Homestead at 625 Hinman Avenue in Evanston, Illinois. The eight-story, 91-key hotel will run independently as The Homestead prior to and during renovations, which will begin in early 2020. Once completed in fall 2020, the hotel will debut as part of the Graduate Hotels collection.
Multifamily N Illinois Urban Innovations completes affordable housing project in Evanston Urban Innovations completed construction of a ground-up, three-story, 16-unit affordable housing complex in Evanston, Illinois, on behalf of HOW, (Housing Opportunities for Women). The Chicago-based nonprofit provides permanent solutions for its clients through prevention strategies, individualized support services and expanded, affordable,…
Office N Illinois The 'burbs are still an office draw More than 150 people packed into the recently renovated atrium of President’s Plaza near O’Hare for the 4th annual State of the Suburban Office Conference, co-hosted by GlenStar. The dozen expert speakers on hand had much to say about the state of affairs for the office market outside the influence of downtown Chicago.
CRE N Illinois The guiding principles to enduring success in the real estate industry Real estate can be a fickle and bruising industry. So what does it take to build a successful, long-term construction and project management business?
Student Housing i Ohio CA Student Living opening six student housing developments across Midwest CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, is set to open six student housing communities comprising more than 3,000 beds and valued in excess of $550 million. The communities are located in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania.
CRE N Illinois CRE Future Leaders: Miranda Parker Miranda Parker joined the Syndicated Equities acquisition team in September 2016, where she sources new investment deals, including reach-out with attorneys, public accountants and other high-net worth individuals in the syndication and 1031 world. Parker is a licensed real estate broker in the state of Illinois and is an active member of t…
Office N Illinois NKF represents Opex Analytics in HQ relocation to downtown Chicago Newmark Knight Frank (NKF) recently represented Opex Analytics in a long-term, 18,000-square-foot lease at 350 N. Orleans Street in Chicago. Rapid growth and a desire to have all of its Chicago-based employees collaborating under one roof led Opex Analytics to sign the lease, following NKF’s strategic analysis of suitable, local options for…
Student Housing N Illinois For campus-adjacent housing affordability, Illinois comes out on top Proximity to campus is the strongest determining factor for where college students decide to live during their time at school, leading to worries about rent costs. On a new ranking of the most affordable areas near top universities, Illinois had three of the top 10 spots, including number one.
Retail N Illinois Caton Commercial Real Estate Group completes unique lease for Aurora Arts Center Caton Commercial Real Estate Group has completed a commercial lease assignment that is bringing a fine dining restaurant by acclaimed Chicago restaurateur Amy Morton to Aurora, Illinois’ downtown revitalization efforts.
CRE N Illinois Illinois Green Alliance announces winners at 14th annual Emerald Awards Illinois Green Alliance, the local affiliate of the USGBC, announced the winners of the 14th annual Emerald Awards for 2019. Each year, the annual Emerald Awards program recognizes the unique green building leadership in Illinois by featuring the best and brightest individuals, projects and technologies championed in Illinois.
Retail N Illinois Kudan Group closes three retail transactions around Chicagoland Kudan Group, a Chicago-based brokerage that focuses on retail and restaurant transactions throughout Chicaoland and select markets, recently closed three retail transactions. The properties were in Chicago’s Lakeview neighborhood and in suburban Evanston and Crest Hill.
Office N Illinois Marcus & Millichap arranges 10.6 million office property sale in Evanston Marcus & Millichap announced the sale of 820 Davis Street, a 76,239-square-foot office building in downtown Evanston, Illinois. The five-story building, located within walking distance of the Northwestern University campus, Fountain Square and the Davis Street CTA and Metra train stations, sold for $10.6 million.
CRE N Illinois Mixed-use Evanston portfolio sells for $7 million Marcus & Millichap closed five multifamily/office mixed-use properties in Evanston, Illinois, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The portfolio sold for $7,008,000.
CRE Midwest Commercial Real Estate Forecast experts: Get ready for a strong 2019 If you sell commercial real estate and liked 2018? You’ll probably enjoy this year, too. That’s because the odds are high that commercial real estate will remain strong in 2019, according to some of the biggest names in the industry.
Student Housing N Illinois CA Ventures launches property management company Real estate investment holding company CA Ventures announced the expansion of its property management services under a new entity, CA Management Services (CAMS), and the promotion of Beth Pinder to chief operating officer of the newly formed, Chicago-based company. Under Pinder’s leadership, CAMS will manage CA’s growing portfolio of studen…
Multifamily N Illinois Marcus & Millichap arranges two separate Chicago-area apartment sales totaling $4.5M Marcus & Millichap facilitated the sale of two multifamily properties in the Chicago area. The two separate transactions were in Evanston and Dolton, Illinois, with a combined sale price of over $4.5 million.
Multifamily N Illinois Monarch Realty Partners conducts several multifamily deals in the Chicago MSA Monarch Realty Partners has recently completed several Chicago-area multifamily transactions totaling more than $15 million, according to Bill Baumann, managing broker and principal at the Chicago-based real estate brokerage company. The transactions were located in suburban Evanston as well as the Bucktown, Rogers Park and Uptown neighborh…