131 results for “North Wells Capital”
Multifamily N Illinois

Not a passing craze: Deconversions still strong in Chicago

| Matt Baker

There were two major condo deconversion deals announced in Chicago at the close of 2018: Kiser Group’s deconversion of the 250-unit Flats on LaSalle and the sale of River City, the largest such deal for the market at 449 units. Since then, however, news of these condo-to-rental deals has been slow. Is this a sign that the trend itself is st…

CRE W Minnesota

Big Brothers Big Sisters find new location in Minneapolis

Big Brothers Big Sisters Twin Cities (BBBS) finalized a real estate purchase last week that brings the nearly 100-year-old organization closer to realizing its vision for a youth development hub in North Minneapolis. The 18,266-square-foot property is located along Washington Avenue.

CRE N Illinois

Eisenberg Foundation names winner in Midwest Real Estate Challenge

On Saturday, April 6 at the Standard Club, student groups from eight universities competed at the ninth annual Harold E. Eisenberg Foundation Real Estate Challenge for top honors and $10,000 in scholarships. Marquette University’s proposal, The Connect: a revitalization of life and play in Chicago Ridge, impressed the judges, along with the…

CRE N Illinois

North Wells Capital acquires undeveloped River North lot

North Wells Capital LLC, the investment management affiliate of Chicago-based Urban Innovations, has acquired a surface parking lot located at 320 W. Huron Street, between Orleans and Franklin Streets in Chicago. The half-block site is one of the few remaining large land sites in the River North neighborhood.

Office N Illinois

Clear Height signs Orbit Medical to 15,233 SF lease in Aurora

After acquiring the building in May 2018 and completing a refresh of the premises, Clear Height Properties has completed a lease for 15,233 square feet of flex office and industrial space at 550 N. Commons Drive in Aurora, Illinois. Orbit Medical, relocating from Naperville, Illinois, leased contiguous suites including extensive office buil…

Hospitality N Illinois

Thomas Prins joins Hostmark Hospitality as minority partner

Thomas Prins, principal of TQP Capital Partners, a hotel real estate private equity firm focused on value-add and opportunistic investments, has joined Schaumburg, Illinois-based Hostmark Hospitality Group, a leading third-party hotel management company, as a minority partner. In his new role, Prins will be responsible for new business deve…

CRE N Illinois

For cap rates, stability the driving force

| Matt Baker

During the second half of 2018, capitalization rates broadly remained stable, buoyed by a trio of macro factors—positive economic growth, abundant capital and a favorable supply/demand environment. This held true in the Chicago market, where only industrial saw a modest drop.

Industrial N Illinois

Where real estate intersects with technology

| Matt Baker

The importance of location to real estate is so profound, it’s usually thrice repeated. The opposite is true of our second world, the digital realm that overlays the physical, where one’s setting is mostly irrelevant. That’s why there is a growing need to merge the two, to find that place where property and technology can interface.

Industrial N Illinois

As Chicago industrial expands, investors target familiar areas

| Matt Baker

The Chicago logistics industry remains on stable footing as steadily growing wages and accelerating household formation are driving demand for more e-commerce-driven warehouse space. And according to Marcus & Millichap’s second half 2018 industrial research market report, developers looking to expand Chicago’s 1 billion-plus square-foot inv…