More than 200 results for “suburbs”
Net Lease N Illinois

JLL closes sale of new retail property in suburban Chicago

JLL closed on the sale of a newly constructed, 18,000-square-foot, single-tenant retail property that is triple-net-leased to Goodwill in the Chicago suburb of Glenview, Illinois. JLL marketed the property on behalf of the seller, a Chicago-based merchant developer. Best Properties LLC of Florida purchased the asset in a 1031 exchange.

Finance N Illinois

Mag Mile Capital completes $12.5M bank loan for R&R Global Partners

Mag Mile Capital closed a $12,500,000, seven-year, fixed-rate, 73 percent LTV, limited-recourse loan on behalf of Bryan Rishforth and Philadelphia-based firm, R&R Global Partners. Located in the near northwest suburb of Lincolnwood, Illinois at 6850 McCormick Boulevard, the subject property is anchored by Walmart’s new online grocery and co…

CRE N Illinois

CRE Future Leaders: Frank Montalto

| Matt Baker

As a director with Marcus & Millichap Capital Corporation, Frank Montalto is responsible for securing commercial debt financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources.

Retail N Illinois

JLL closes sale of suburban Chicago retail center

JLL has closed the sale of Mallard Crossing, an 80,708-square-foot, ALDI-anchored retail center in the northwestern Chicago suburb of Elk Grove Village, Illinois. JLL represented the seller, IRC Retail Centers, and procured the buyer, a vehicle sponsored by AmCap Management. Terms of the deal were not disclosed.

CRE Midwest

NAI Hiffman arranges $17M sale-leaseback for Young Innovations in IL, MO

NAI Hiffman completed a sale-leaseback transaction on behalf of Young Innovations, Inc., a global manufacturer and distributor of consumable dental supplies and equipment. The assets, which sold for $17.1 million, include the company’s 95,000-square-foot headquarters building at 2260 Wendt Street in Algonquin, Illinois, as well as the firm’…

Office N Illinois

Some Chicago suburbs shedding office tenants

| Matt Baker

The overall suburban Chicago office market comprises nearly 110 million square feet of inventory. But as the suburbs lost more than a million square feet of absorption year-to-date, which areas and property types should investors focus on?

CRE N Illinois

CRE Future Leaders: Shawn Clark

Shawn Clark maintains an active role in deal structuring, fund and project level financing activities, development management and asset management as president of CRG. He has over a decade of experience in the commercial real estate industry and is the founder of Illumination, a charitable theatrical event.

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…

Office N Illinois

The 'burbs are still an office draw

| Matt Baker

More than 150 people packed into the recently renovated atrium of President’s Plaza near O’Hare for the 4th annual State of the Suburban Office Conference, co-hosted by GlenStar. The dozen expert speakers on hand had much to say about the state of affairs for the office market outside the influence of downtown Chicago.