Multifamily N Illinois Kiser Group announces three new broker hires Chicago-based multifamily brokerage, Kiser Group, announced new brokerage hires Bryan Wright, Ron Plonis and Michael Lacy.
Retail N Illinois Outdoor gear retailer YETI opens store in Wicker Park YETI Holdings, Inc., a leading premium outdoor brand, announced the opening of a new retail location in Chicago’s Wicker Park neighborhood. The 4,900-quare-foot store is located at 1572 N. Milwaukee Avenue.
Multifamily N Illinois Vermilion breaks ground on 55-unit Alcove Wicker Park Chicago-based Vermilion Development has started construction on Alcove Wicker Park, a new development of 43 condominiums and 12 townhomes located between Division Street and Milwaukee Avenue and scheduled for delivery in summer/fall 2020. Set back from the street in a protected courtyard, the property offers a quiet residential feel in the …
Multifamily N Illinois Marcus and Millichap sells two mixed-use properties in Wicker Park, Rogers Park Marcus & Millichap recently closed on two separate mixed-use property sales in Chicago. One, located in the city’s Wicker Park neighborhood, went from contract to close in 71 days and sold for $1,175,000. The other, located in Rogers Park, sold for $6,200,000.
Multifamily N Illinois Essex Realty Group brokers $1.3M sale of nine units in Humboldt Park Essex Realty Group, Inc. facilitated the sale of 2551-2553 W. Hirsch Street, a nine-unit corner apartment building located in Chicago’s Humboldt Park neighborhood. The property consists of one one-bed/one-bath loft unit and eight two-bed/one-bath units. The property also has basement space running the entire length of the building.
Multifamily N Illinois Chicago's condo and rental markets: A mid-year check-up As the Chicago area continues to create high-paying white-collar jobs, the demand for housing has kept up. How has the multifamily sector performed during the first half of 2019, and does the outlook for the rest of the year suggest that developers and brokers will be busy?
Hospitality N Illinois Convexity Properties proposes new hotel in Chicago's Loop Convexity Properties has proposed building a 13-story, 307-key hotel at 180 W. Randolph Street, which currently contains a non-operational surface parking lot. According to an email from 42nd Ward Alderman Brendan Reilly to his constituents, the select-service hotel would include a lobby and small hotel bar on the ground floor, as well as m…
Office W Minnesota Cushman & Wakefield renews lease at office building in Twin Cities area Cushman & Wakefield has renwed its 39,565-square-foot lease at the Northland Center office building in Bloomington, Minnesota. KBS, the owner of the building, now plans to modernize the 40,000-square-foot concourse level, adding to the amenities already available to tenants.
Retail N Illinois Kudan Group recently closed Wicker Park sale Kudan Group vice president Adam Salamon negotiated the sale of 1352 N. Paulina. The 4,097-square-foot, free-standing building is located in Chicago’s highly sought-after Wicker Park neighborhood. The asset sold for $975,000.
Hospitality N Illinois Short-term stay operators blur the line between apartment and hotel Sometimes, market disruptors shake things up so much, they settle right back to where they started. That’s why a recent trend is leading to the hybridization of the short-term stay and traditional hospitality sectors, settling in a niche within multifamily.
Multifamily N Illinois Affordable housing a hot topic as Chicago mayoral hopefuls speak on real estate issues Manny’s Deli in Chicago’s South Loop has a storied past, and has previously accommodated mayors, governors and presidents. Like other parts of the city, the neighborhood around it is changing. That, coupled with the hotly contested mayoral race that is nearing its end, makes it the perfect setting for a roundtable discussion with the candid…
Multifamily N Illinois Marcus & Millichap arranges sale of Wicker Park apartment building Marcus & Millichap announced the sale of an apartment property located in Chicago’s Wicker Park neighborhood, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,910,000.
Finance N Illinois HFF arranges financing for Wicker Park condo/townhome development Holliday Fenoglio Fowler, L.P. (HFF) announced that CIBC Bank USA has been selected to provide $31.1 million in financing to Vermilion Development for the construction of 43 luxury condominium units and 12 townhomes at Alcove M.D.P. in Chicago’s Wicker Park neighborhood. The property is located at 1650 W. Division Street and is scheduled to…
Multifamily N Illinois Wicker Park Connection adds retail users, hits the market Two retail tenants, Philz Coffee and [solidcore], have signed leases at Wicker Park Connection, the mixed-use project co-developed by Hubbard Street Group and Centrum Realty and Development. Located just west of the intersection of Division Street and Ashland Avenue on Chicago’s Northwest Side, the new leases should attract buyers as the de…
Retail N Illinois Flagships and the suburbs driving retail in Chicago A growing economy and corporate expansions have led to escalating household incomes, providing consumers increased discretionary funds. According to Marcus & Millichap’s latest market report, retailers have taken notice. Activity in the suburbs improved over the rest of the metro in the last year, while new flagship stores have come to or a…
Retail N Illinois Champion Athleticwear opens Wicker Park store, its first in Chicago Champion Athleticwear has expanded its retail footprint with its first store in Chicago and its third in the U.S. overall. The grand opening at 1520 N. Milwaukee Avenue took place over the weekend on Saturday, September 15.
Retail N Illinois Target invests in greater Chicago area Shopping at Target is getting even better for guests in the greater Chicago area. Throughout 2018, the Minneapolis-based retailer will remodel 18 stores and open two new locations around Chicagoland. As part of its investment to become a better, more modern Target for guests, the company is elevating the shopping environment with the next g…
Retail N Illinois STREAM Capital arranges $5M sale of Wicker Park restaurant STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has brokered the sale of Smoke Daddy, a popular Barbecue and Blues restaurant in Chicago’s Wicker Park neighborhood. A private buyer acquired the property from Arizona-based STORE Capital for $5,1000,000.
Multifamily N Illinois Wicker Park Connection II welcomes first move-ins The first residents have begun moving into Wicker Park Connection II, a 15-story, 146-unit apartment development in Chicago’s vibrant Wicker Park neighborhood co-developed by Chicago-based Hubbard Street Group and Centrum Realty & Development. Luxury Living Chicago Realty is serving as the exclusive marketing and leasing brokerage for the n…
CRE N Illinois Greenstone Partners adds Spitz and Dietz Greenstone Partners added two new partners, Danny Spitz and Greg Dietz. The addition further strengthens Greenstone’s growing brokerage team while complementing its advisory, management and leasing platform.