More than 200 results for “Value City”
CRE N Illinois

CRE Future Leaders: George Mack

| Matt Baker

George Mack joined Cresa in 2016 and has past experience raising debt and equity for corporate users of real estate. Mack has consulted on transactions valued over $120 million and advises Fortune 500 companies and private equity clients in asset monetization, office relocation, build-to-suit development, balance sheet restructuring and the…

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…

Multifamily N Illinois

CRE experts sound off on rent control in Illinois

| Matt Baker

For more than 20 years, a law on the books in Illinois has prevented any municipality from enacting rent control measures. But with the elections of J.B. Pritzker and Lori Lightfoot, as well as several self-professed socialist Chicago aldermen, the political will may be shifting toward this affordable housing tool.

CRE N Illinois

CRE Future Leaders: Cal Payne

| Matt Baker

A member of CBRE’s agency and occupier brokerage groups, Cal Payne advises clients in the leasing, acquisition and disposition of industrial facilities throughout North America. Since 2012, he and his team have completed over 300 transactions totaling more than 24 million square feet and valued at over $850 million.

CRE N Illinois

CRE taxes hit west side of downtown Chicago hardest

| Matt Baker

Mid-April may be tax season here in the U.S., but for owners and occupiers of CRE properties, taxes are never far from mind. While Chicago’s real estate taxes have risen drastically over the past five years, the largest burden has followed downtown demand, out to the western submarkets.

CRE N Illinois

Q&A: Tim Anderson of Focus

| Matt Baker

Tim Anderson is CEO and founder of Focus, a Chicago-based firm that delivers development, construction and consulting services. He got his start in commercial real estate over 40 years ago and since then has been a trailblazer for industry diversification.

Finance N Illinois

PMG secures $30.7 million refi for co-living project, X Chicago

X Social Communities (XSC), a multifamily division of Property Markets Group (PMG), has closed on a $30.7 million loan from NXT Capital to refinance its 99-unit X Chicago project, which opened in June 2018. The loan replaces a construction loan from Principal Financial Group and returns capital to equity investors, including Raven Capital M…