CRE N Illinois Massive CTA infrastructure project planned on Chicago's North Side The Chicago Transit Authority (CTA) will start construction for the Red-Purple Bypass this fall. A joint venture of Walsh Construction and Irving, Texas-based Fluor Corporation are tasked with designing and building the bypass, which is a major component of CTA’s Red Purple Modernization (RPM) Phase One Project to improve service and access…
CRE N Illinois Nick Everson to manage The Walsh Group's Midwest transportation program The Walsh Group has promoted Nick Everson to program manager within its transportation group, responsible for management of transportation construction projects across the Midwest region. These responsibilities will include the establishment of management systems, close supervision over projects, direct supervision of management staff, prec…
CRE N Illinois Graycor adds Weston Tanner as director, construction technology and innovation Graycor, Inc., an Oakbrook Terrace, Illinois-based provider of construction, maintenance and facilities services, has hired Weston Tanner as director, construction technology and innovation. He brings over 15 years of successful technology leadership to his new role helping to shape Graycor's technology strategy related to project delivery.
Multifamily N Illinois The Paragon, a 500-unit apartment building in Chicago's South Loop, welcomes first residents The first residents have begun moving in at The Paragon, a 500-unit, 47-story apartment building at 1326 S. Michigan Avenue in Chicago. Tenants can now occupy the first 25 floors of the building and will start moving into the remaining 22 floors once interior finishing work is completed in August. The property also includes 7,500 square fee…
Finance N Illinois JLL arranges $84M refi loan for Sterling Bay development in Fulton Market JLL Capital Markets successfully arranged a refinancing on behalf of Sterling Bay and institutional investors advised by J.P. Morgan Asset Management for 210 N. Carpenter, a 12-story, 206,000-square-foot office building. Bank of America provided the $84 million loan for the recently completed property in the heart of Chicago’s Fulton Market…
Industrial N Illinois Dermody Properties promotes Tim Walsh to CIO in the firm's Chicago office Dermody Properties announced that senior leadership member, Tim Walsh, has been promoted to the role of chief investment officer at the company. He is based out of the firm’s Chicago office.
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.
CRE N Illinois Jessica Herrala joins Clayco as chief communications officer Jessica Herrala has joined Clayco where she will serve as chief communications officer, managing the Clayco brand as well as the sales and marketing process. Working closely with Clayco’s clients, Herrala and her team will provide an additional level of strategic counsel to provide visibility, storytelling and awards for the firm’s projects.
CRE N Illinois Chicago's CTA headed for $2 billion modernization A joint venture of Walsh Construction and Irving, Texas-based Fluor Corporation have been selected as the preferred partner to design and build Phase One of the Red and Purple Line Modernization Program for the Chicago Transit Authority (CTA). The $2.1 billion project will be the largest capital project in CTA’s history, ultimately resultin…
Office N Illinois Dayton Street Partners signs VIATechnik at 1500 W. Carroll Avenue Dayton Street Partners has arranged a 6,350-square-foot lease at 1500 W. Carroll Avenue in Chicago for VIATechnik in Chicago’s burgeoning Fulton Market West. VIATechnik will take the entire 5th floor of the building.
CRE N Illinois Ken Swartz joins Summit Design + Build as vice president Chicago-based general contractor, Summit Design + Build, LLC, recently welcomed Ken Swartz as the firm’s new vice president. Swartz recently relocated to Chicago after tenures with some of the nation’s top contractors and with over 35 years of industry experience.
Multifamily N Illinois Two 14-story towers to go up in Chicago’s South Loop A new pair of 14-story apartment towers are set to be constructed at the corner of Wells and Harrison Streets in Chicago’s South Loop neighborhood. The new mid-rise structure will be known as Alta Grand Central, a rental property developed by the Chicago office of Wood Partners, a national multifamily development company.
Healthcare N Illinois Newly signed leases suggest Old Cook County Hospital redevelopment to move forward DLA Piper counseled a private development team affiliated with Civic Health Development Group in the acquisition, through long-term ground leases, of the Old Cook County Hospital on Chicago’s West Side. The 99-year leases became effective December 31, 2017.
Multifamily N Illinois Construction begins on Wolf Point East in Chicago Construction is underway on the 60-story, 698-unit Wolf Point East luxury apartment tower, according to a statement from Hines, the firm developing the project in partnership with the Joseph P. Kennedy Family.
CRE N Illinois Krusinski Construction announces new hires Krusinski Construction Company has hired five new people to develop its business further, according to a statement from Krusinski.
CRE Midwest NAIOP announces finalists of the 2016 Chicago Awards for Excellence NAIOP Chicago has revealed the anticipated list of finalists facing off in 16 distinct categories Nov. 17, when the chapter hosts its 29th Annual Awards for Excellence ceremony at Navy Pier. Each year, the awards ceremony recognizes outstanding developments and transactions in Chicago's commercial real estate.
Retail Midwest Hickory Street Capital unveils plans for new hotel development across from Wrigley Field The Ricketts family, owners Hickory Street Capital and the Chicago Cubs, unveiled plans for Hotel Zachary, a new boutique, lifestyle hotel located in the heart of Chicago's Lakeview neighborhood.
Industrial Midwest Construction breaks ground on Cadence Premier Logistics' new HQ at Laraway Crossings Business Park After selling a 44.5-acre land site within the Laraway Crossings Business Park in Joliet, Illinois, to Cadence Premier Logistics, Ryan Companies US, Inc. has begun construction on Cadence’s 143,560-square-foot corporate headquarters and warehouse facility at 2250 Chicago St.
Hospitality N Illinois Waterton’s Zettl: Pace of hotel construction remains strong in Chicago, across the Midwest Several cities across the United States stand to benefit from new hotel construction this year, according to the latest research from Marcus & Millichap, with Chicago leading the way in the Midwest. And a local hospitality professional working the Chicago market also has good things to say about the hospitality industry in the city and its suburbs.