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…
Finance N Illinois Meridian Capital arranges $6.3M in financing for Skokie's Fairway Executive Building Meridian Capital Group arranged $6.3 million in financing to refinance the Fairway Executive Building, a four-story, 64,000-square-foot office property in Skokie, Illinois. The 10-year CMBS loan features a rate of 4.84 percent and full-term interest-only payments.
Multifamily N Illinois Evanston condo undergoes $3.7M deconversion Interra Realty brokered the $3.7 million deconversion sale of 122-130 Callan Avenue in Evanston, Illinois. The buyer plans to convert the building’s 25 condominiums back into rentals.
Multifamily N Illinois Kiser Group brokers $17M Evanston multifamily portfolio Kiser Group recently brokered an Evanston portfolio for $17,025,000. The properties are located at 1940 Sherman Avenue and 829 Foster Street in Evanston, Illinois. The buyer, an undisclosed purchaser, bought the 87 apartment and 3 retail unit portfolio from Stephen Matic. The deal was brokered by Kiser Group’s Danny Mantis, broker, and Lee …
Multifamily N Illinois Interra Realty brokers three multifamily sales in Chicago for over $10 million Chicago-based Interra Realty brokered three apartment building sales in the Chicago area totaling $10.1 million. The transactions include properties in the suburb of Evanston and North Side city neighborhoods.
Retail N Illinois Target invests in greater Chicago area Shopping at Target is getting even better for guests in the greater Chicago area. Throughout 2018, the Minneapolis-based retailer will remodel 18 stores and open two new locations around Chicagoland. As part of its investment to become a better, more modern Target for guests, the company is elevating the shopping environment with the next g…
Multifamily N Illinois Albion Residential begins construction on two suburban developments Albion Residential has recently begun construction on two separate transit-oriented developments in Chicago’s suburbs, Albion Evanston and Albion Oak Park. As first ring Chicago suburbs with thriving downtowns that also offer quick and easy access by Metra and CTA train lines to the Chicago core, Evanston and Oak Park were natural targets f…
Office N Illinois Golub & Company sells Evanston office tower, but retains ownership stake Chicago-based Golub & Company and New York-based Investcorp have sold Orrington Plaza, a 20-story office tower in downtown Evanston, Illinois. However, Golub & Company will maintain an ownership stake in the building by co-investing with a new institutional capital partner and will continue to operate, manage and lease the property.
CRE N Illinois Midwest Commercial Real Estate Hall of Fame: John Reilly Each year, Midwest Real Estate News honors the top CRE professionals in the Midwest in its Commercial Real Estate Hall of Fame issue. This year, we are running those profiles online, too, in the hopes that you will learn what it takes to succeed in the competitive world of commercial real estate.