Multifamily N Illinois Buligo Capital completes sale of Chicago-area apartment communities JLL closed the $25.7 million sale and $20.56 million financing of Central Park and Governor’s House Apartments, two apartment communities totaling 316 units in south suburban Chicago. JLL marketed the properties on behalf of the seller, a Buligo Capital Partners and Ferndale Realty Group joint venture. Bender Companies purchased Central Par…
Finance N Illinois JLL arranges over $17M in financing for suburban Chicago apartments JLL arranged $17.345 million in financing for Iron Gate, a 180-unit fractured apartment and condominium community in the western Chicago suburb of Glen Ellyn, Illinois. JLL worked on behalf of the borrower, Bear Peak Capital, LLC, to arrange the three-year, floating-rate loan through Bridge Debt Strategies. Loan proceeds will be used to con…
Finance N Illinois JLL arranges $9.4M refinancing for Chicago recreational facility JLL arranged a $9.4 million refinancing for The Armoury, a 46,040-square-foot infill industrial facility repurposed as an entertainment trampoline park and athletic training facility in Chicago. JLL worked on behalf of the borrower, a partnership between Clear Height Properties and Diamond Realty Holdings, to place the 9.4-year, fixed-rate …
Office p Tennessee Mitsubishi Motors takes another step in HQ move to Tennessee Mitsubishi Motors North America, Inc. has selected a temporary office space for its ongoing corporate relocation to Franklin, Tennessee.
Office X Missouri JLL moves valuation services to key St. Louis building Commercial real estate firm Jones Lang LaSalle is expanding its presence in downtown St. Louis with plans to move its valuation and advisory services division from Clayton, Missouri, to One Metropolitan Square, where the company’s brokerage, property management and project development services divisions are currently located.
Industrial N Illinois Cushman & Wakefield completes leasing of 350 Church Street in Addison Cushman & Wakefield has fully leased 350 Church Street in Addison, Illinois on behalf of The Silverman Group. Wholesale supplier JDS Industries, Inc. signed a long-term lease on the building and is relocating from Elk Grove Village, Illinois as part of an expansion of their operations. They will occupy the entire facility, at just over 87,0…
CRE N Illinois Institutional Property Advisors adds Jordyn Berger to seniors housing group Institutional Property Advisors (IPA), a division of Marcus & Millichap, has hired Jordyn Berger as a director of the firm’s seniors housing group. Berger will focus on structuring and arranging debt, mezzanine and equity capital for owners, operators and developers of independent living, assisted living, memory care and skilled nursing facilities.
Office W Minnesota CBRE grows its Minneapolis roster Ann Rinde has joined the CBRE’s Minneapolis office as a vice president focused on office leasing in the Minneapolis-St. Paul market.
Industrial N Illinois Lee & Associates sell two facilities and broker 34,000-square-foot lease Lee & Associates sold two facilities and have secured a 34,000-square-foot lease from Duke Realty
Industrial L Iowa First spec industrial building completed at Corporate Woods Industrial Park near Des Moines Power Distributors will be leasing nearly 70 percent of the 208,000-square-foot speculative industrial warehouse located on a 52-acre land site.
CRE V Michigan Continuum Services names Ted Spicer new chief operating officer As COO, Spicer will have a focus on corporate operations, strategic planning, sales leadership and employee development/retention.
Industrial Midwest A virtual look at Elion Partners' newest $55 million acquisition in SW Chicago Elion purchased the land at RidgePort Logistics Center in Wilmington, Illinois, from a venture of Ridge Development and PGIM Real Estate, the firm formally known as Prudential Real Estate Investors.
Office Midwest Former Motorola campus in Harvard, Illinois sells for $9.3M on Ten-X Bidding began at $2.7 million for the campus, which was originally built in 1997 to serve as Motorola's headquarters and distribution campus. The 1.5 million-square-foot property has been vacant since 2003.
CRE Midwest Ernest Fiorante named new chief financial officer of Inland Group He will oversee financial activities, budgeting, bank/lender relationships, accounting and financial strategic planning for Inland.
Industrial Midwest Former Motorola HQ to be auctioned off next month Originally built in 1997 for Motorola's headquarters and distribution campus, the now vacant 1.5- million-square-foot Midwest Corporate Campus in Harvard, Illinois, will soon be up for auction on the Ten-X Commercial platform, formally Auction.com, with bids starting at $2.7 million.
Industrial v Wisconsin PREMIER to build Class A, 214,533-square-foot distribution center in Waukesha, Wisconsin PREMIER Design + Build LLC has been chosen to build a 214,533-square-foot speculative industrial distribution warehouse on an 11.8-acre parcel at 901 Northview Rd. in Waukesha, Wisconsin.
CRE Midwest JLL appoints Christian Ulbrich president of JLL Jones Lang LaSalle Inc. (JLL) has announced that it is separating the roles of president and chief executive officer. Christian Ulbrich, currently CEO for the EMEA region, will become president of JLL.
CRE Midwest A look at the winners of BOMA/Chicago's 2016 Gold Circle, TOBY Awards (PHOTOS) At its recent awards gala at the Chicago Hilton and Towers, the Building Owners and Managers Association of Chicago (BOMA/Chicago) announced this year's winners of the Gold Circle and “The Outstanding Building of the Year,” (TOBY) awards.
Office Midwest Chicago hitting records again: Office absorption, vacancy lowest in years Chicago has seen an increasing migration of people relocating downtown—whether it be for housing purposes or for business, it’s impossible to stay away from the center of where all the action happens.
CRE Midwest Colliers International represents leases in Chicago's Loop, Schaumburg Colliers International represented Chicago Office Technology Group in a lease renewal in Chicago's Loop, Optimus Inc. in its relocation to the Wrigley Building, and Meltzer, Purtill & Stelle in its lease renewal in Schaumburg, Illinois.