Multifamily N Illinois Kiser Group brokers three West Ridge apartment buildings for $6.5 million Chicago-based multifamily brokerage firm, Kiser Group, recently brokered three West Ridge apartment buildings in separate transactions. 6300 N. Leavitt Street sold for $3,000,000, 6515 N. Seeley Avenue sold for $2,650,00, and 2737 W. Glenlake Avenue sold for $880,000. Kiser Group’s Danny Logarakis represented both the buyer and seller in al…
Multifamily N Illinois Essex Realty Group brokers $1.3M sale of nine-unit multifamily property in West Ridge Essex Realty Group, Inc. facilitated the sale of 6442-44 N. Bell Avenue in Chicago’s West Ridge neighborhood. The sale price was $1,350,000.
Office N Illinois Some Chicago suburbs shedding office tenants 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?
Seniors Housing N Illinois Evergreen Real Estate Group cuts ribbon on co-located senior housing/library in Irving Park Evergreen Real Estate Group recently joined public-private partners for a ceremonial ribbon-cutting to celebrate the completion of Independence Apartments, a six-story, 44-unit affordable senior rental community located above the new Independence Branch Library in Chicago’s Irving Park neighborhood.
Seniors Housing N Illinois Northtown Apartments, affordable senior housing co-located with a public library, welcomes first move-ins Evergreen Real Estate Group welcomed the first residents into Northtown Apartments, a 44-unit affordable senior housing community connected to and developed simultaneously with the new Northtown Public Library in Chicago’s West Ridge neighborhood.
Finance N Illinois Lodge Financial closes loan for 25-unit multifamily property in Chicago Skokie, Illinois-based Lodge Financial has arranged financing for a 25-unit multifamily property in Chicago. The $2,030,000 in acquisition financing had a 80 percent LTV, 10-year term and 30-year amortization. The non-recourse loan had a 4.78 percent fixed rate.
Finance N Illinois Lodge Financial arranges over $2.5M in financing for two Chicago properties Lodge Financial recently closed $2,560,000 in loans for two Chicago properties. The buildings are both multifamily properties, one in the North Side neighborhood of West Ridge and the other on the South Side in Bronzeville.
CRE c Nebraska LinkedIn, HDR prove it: Omaha still a big draw in the Midwest The real estate pros working the Omaha market all agree: This is an exciting time to be in this business in this city.
Office v Wisconsin Founders 3 helps bring temp agency to Milwaukee-area community Founders 3 Real Estate Services recently closed several transactions in the Milwaukee area, including a 1,805-square-foot lease for Fare Temps at 411 N. Grand Ave. in Waukesha, Wisconsin.
Office N Illinois Core Acquisitions purchases Deerfield office property, Ten Parkway North Core Acquisitions, a Chicago-based commercial real estate investment, development and property management company, has acquired Ten North Parkway in Deerfield, Illinois. Gramercy Property Trust, an affiliate of Blackstone, sold the property for $6.75 million.
CRE N Illinois Q&A: Tim Anderson of Focus 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.
Seniors Housing N Illinois Co-located library/affordable senior housing project opens in West Ridge Evergreen Real Estate Group recently celebrated the grand opening of the Northtown Branch Library, located at 6800 N. Western Avenue in Chicago’s West Ridge neighborhood. Designed by Perkins+Will, the project is one of two co-located housing and library developments Evergreen has built in partnership with the city of Chicago, Chicago Housin…
Office N Illinois Chicago’s East-West Corridor underperforms, depending on where you’re looking Chicago’s East-West Corridor runs along I-88, from Westchester out to the fringes of the MSA at the Fox River, with communities like Aurora and St. Charles. But the submarket is bifurcated by another highway, and the performance of office spaces were much different at the close of 2018, depending on which side of I-355 one is looking.
Retail N Illinois Gorjian Acquisitions buys Lee Wayne Plaza office and retail center in Sterling Joel J. Gorjian, a national real estate investor and president and CEO of Great Neck, New York-based Gorjian Acquisitions, has purchased the Lee Wayne Plaza office/retail center in Sterling, Illinois.
Multifamily N Illinois Marcus & Millichap arranges sale of 156-unit apartment building near NIU Marcus & Millichap announced the sale of West Ridge Apartments, a 156-unit apartment property located in Dekalb, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office.
Retail v Wisconsin New York investor buys two Milwaukee retail properties Joel J. Gorjian, president and CEO of Great Neck, New York-based Gorjian Acquisitions, has purchased two retail and office properties located in Wisconsin. The acquired properties include the Bradley Square professional services and medical center and Teutonia Square neighborhood shopping strip mall, both in Milwaukee.
Multifamily N Illinois Triton sells 16-unit Rogers Park apartment building Triton Realty Group recently sold a 16-unit apartment building located at 2435 W. Rosement Avenue in Chicago’s West Ridge neighborhood. The asset sold for $2,111,000 which represents a $131,937 price per unit sale.
Office N Illinois NAI Hiffman represents tenant in East-West Corridor lease renewal NAI Hiffman has represented Pain Specialists of Greater Chicago (PSGC) in its recent lease renewal at 7055 High Grove Boulevard in Burr Ridge, Illinois. The 11,531 square-foot Burr Ridge office provides an ideal location for PSGC’s west suburban clients.
Finance L Iowa Eastern Union arranges loan for Des Moines-area apartments On behalf of Besyata Investment Group and The Scharf Group, Eastern Union’s Jeff Seidenfeld arranged a $27.5 million bridge loan for the acquisition of 236 apartments at Autumn Ridge, a residential community in Waukee, Iowa, a suburb of Des Moines.
CRE N Illinois Several Chicago buildings make use of smart windows California-based View, Inc., a designer and manufacturer of dynamic glass, has completed the installation of smart windows in four Chicago projects: a high-tech office building at 2017 Mendell; Elevate luxury residences in Lincoln Park; Sunset Ridge School in Chicago’s north suburbs; and the Glen Ellyn Police Department’s new home.