CRE N Illinois Metal Construction Association honors two Chicago projects The Metal Construction Association (MCA) acknowledged the IBEW Local 134 Headquarters/Union Hall and the Eleanor Boathouse, both located in Chicago, with the 2018 Chairman's Award. The IBEW Union Hall won in Commercial/Industrial category and Eleanor Boathouse won in the Municipal category.
Multifamily N Illinois 275-unit South Loop multifamily project breaks ground Draper and Kramer, Incorporated announced that it has started construction on 2111 S. Wabash Avenue, a 24-story, 275-unit building in the McCormick Square area of Chicago’s South Loop. Located less than one block from the CTA’s Cermak/McCormick Place Green Line station, the transit-oriented development will offer residents a convenient loca…
CRE N Illinois CRE Future Leaders: Noah Birk As part of our series, CRE Future Leaders, we caught up with Noah Birk, senior director at Kiser Group. Birk focuses on the disposition of apartment buildings on the south side of Chicago and is one of the most prolific apartment building brokers in the city.
Multifamily N Illinois Financing for the South Side’s rebirth may come from Opportunity Zones Chicago’s South Side is a complex and diverse region. It’s reputation as a wholly impoverished area is unearned, as pockets of blue collar, middle class and affluent communities abound. That said, there are opportunities for improvement and Opportunity Zones themselves could be the key.
CRE N Illinois Skender starts 100,000-SF renovation for Perspectives Charter School Skender recently started construction on the conversion of the 100,000-square-foot former Soft Sheen building at 8522 S. Lafayette in Chicago’s Chatham neighborhood into a middle and high school for Perspectives Charter Schools (PCS).
Finance N Illinois ASC arranges $15.4 million for Chicago multifamily portfolio refi American Street Capital (ASC) has arranged $15.4 million in permanent loans for the cash-out refinance of a seven-building multifamily portfolio located in the Bronzeville and Kenwood neighborhoods of Chicago. The loan was co-originated by Igor Zhizhin and Alexander F. Rek.
Office N Illinois Why Chicago continues to compete nationally on office growth Growth is good. And with a growing number of headquarters calling the Chicago MSA home, the area’s magnetism for regional, national and global office users is only strengthening.
Multifamily N Illinois Kiser Group’s Birk and Sklar broker 17 transactions in October Kiser Group, a Chicago-based multifamily brokerage firm, recently brokered 17 buildings in October throughout the Woodlawn, South Shore and Bronzeville neighborhoods. Senior director Noah Birk and director Aaron Sklar facilitated the transactions in their focus area, Chicago’s south side neighborhoods.
Multifamily N Illinois Hunt Real Estate Capital finances $7.4M acquisition of two multifamily portfolios Hunt Real Estate Capital provided two Freddie Mac small balance loans totaling $7.42 million to finance the acquisition of two multifamily portfolios located in the Bronzeville neighborhood of Chicago.
Multifamily N Illinois Interra Realty brokers sales of Chicago multifamily and mixed-use properties Interra Realty, a Chicago-based commercial real estate investment services firm, has brokered the sales of a $2.1 million mixed-use property and $2.1 million rental community in Chicago’s Austin and Bronzeville neighborhoods.
CRE N Illinois Related Midwest unwraps plans for The 78 along the Chicago River Related Midwest has finally taken the cover off of The 78, so named because the Chicago-based developer envisions it to be the city’s 78th neighborhood. At 62 acres, the site along the South Branch of the Chicago River could very well be that, as it also unites near-south communities with the Loop.
Finance Midwest Midwest Commercial Real Estate Hall of Fame: Forrest Bailey Each year, Midwest Real Estate News inducts the most successful commercial real estate pros in its Midwest Commercial Real Estate Hall of Fame. This year, we are running those profiles online, too, so that you can learn what it takes to be a top CRE pro. Today, we are showcasing the career of Forrest Bailey, president and chief executive of…
CRE N Illinois Mel Bifsha joins First Western Properties Chicago-based First Western Properties, Inc. has added Mel Bifsha as a multifamily broker. In his new role, he will focus on up-and-coming areas such as the Pilsen, Humboldt Park, Little Village, Bronzeville and Bridgeport neighborhoods of Chicago.
Retail N Illinois Draper and Kramer brings Chicago’s first Culver’s to Bronzeville neighborhood Full-service real estate firm Draper and Kramer, Inc. cut the ribbon on a Culver’s restaurant—the first in the city—at their Lake Meadows Market retail center in Chicago’s Bronzeville neighborhood. Among those attending the grand opening were Culver’s Co-Founder Craig Culver, Culver’s President and CEO Joe Koss, Chicago 4th Ward Ald. Sophia…
Retail N Illinois Team selected to develop Michael Reese site in Bronzeville Mayor Rahm Emanuel announced a selection of a development team to lead the revitalization of Michael Reese site in Bronzeville.
Retail N Illinois Upgrades coming to Chicago Bee library branch, new fieldhouse The latest investments to revitalize the Bronzeville neighborhood come as a new fieldhouse at Williams Park and significant upgrades to the Chicago Bee library branch, the mayor's office announced Tuesday.
CRE Midwest Construction begins on new athletic and academic facility in Chicago's Washington Park neighborhood Construction is officially underway at XS Tennis Village, a state-of-the-art athletic and academic facility in Chicago’s Washington Park neighborhood.
CRE Midwest Draper and Kramer's Shruti Kumar named secretary of IREM Chicago Governing Council Currently, Kumar is senior property manager of Lake Meadows Apartments, where she oversees 1,869 rental units in the mixed-use community that includes four high-rise and five mid-rise towers on 70 acres in Chicago’s Bronzeville neighborhood.
CRE Midwest McShane Construction Company awarded arts and recreation center at Ellis Park in Chicago Jeffrey A. Raday, P.E., President of McShane Construction Company, announced that the firm has been selected by The Community Builders, Inc. and Quad Communities Development Corporation (QCDC) to provide the comprehensive construction services for the new Arts and Recreation Center at Ellis Park.
CRE Midwest LISC Chicago's Neighborhood Development Awards honored transformative projects across the city More than 1,400 community developers, business leaders, neighborhood advocates and elected officials came together on Tuesday, February 17, 2015 for the 21st Annual Chicago Neighborhood Development Awards (CNDA), where eight organizations were honored for their achievements in community development and architectural design.