Finance W Minnesota
Jeffrey Weidell;NorthMarq

Minneapolis' NorthMarq names new CEO

As Minneapolis-based NorthMarq continues its growth as the largest privately held commercial real estate capital markets firm, president Jeffrey Weidell will become chief executive officer on Jan. 1, 2020, succeeding Eduardo Padilla. Padilla, who served in the role for 20 years, will become executive chair.

Finance N Illinois
Matt Winter;Merchants Capital

Merchants Capital hires Matt Winter as chief architect

Mortgage banking firm Merchants Capital has hired Matt Winter, AIA, NCARB as chief architect at the company’s Chicago office. The move brings the position in-house, setting Merchants up to process new lending opportunities more efficiently while maintaining, and even improving on, the internal monitoring requirements set forth primarily by Freddie Mac. This decision comes in large part due to Merchants Capital’s growing relationship with Freddie Mac and the utilization of its affordable housing products.

Finance N Illinois
JLL arranges over $17M in financing for suburban Chicago apartments

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 convert the remaining 50 condominiums into conventional multi-housing units.

Finance N Illinois
Dean Giannakopoulos;Marcus & Millichap Capital Corp.

Dean Giannakopoulos promoted at Marcus & Millichap Capital Corp.

Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has announced the promotion of Dean Giannakopoulos to senior vice president, capital markets. Giannakopoulos, who has been with MMCC since 2011, is one of only five originators in the company to hold the title, a distinction that must be approved by the firm’s board of directors.

Finance N Illinois
JLL arranges $9.4M refinancing for Chicago recreational facility

JLL arranges $9.4M refinancing for Chicago recreational facility

JLL arranged a $9.4 million refinancing for The Armoury, a 46,040-square-foot infill industrial facility repurposed as an entertainment trampoline park and athletic training facility in Chicago. JLL worked on behalf of the borrower, a partnership between Clear Height Properties and Diamond Realty Holdings, to place the 9.4-year, fixed-rate loan with a financial holding company.

Finance Midwest
Dave Metzger;Cresa

Cresa names chief financial officer

National commercial real estate firm Cresa has named Dave Metzger as chief financial officer. Metzger will lead Cresa’s finance team with a focus on financial reporting, long-term financial and strategic planning, and mergers and acquisitions as the company continues to expand and reach new markets.

Finance i Ohio
Three key questions with ... NorthMarq's Susan Branscome

Three key questions with ... NorthMarq's Susan Branscome

Susan Branscome, senior vice president and managing director of the Cincinnati office of NorthMarq, knows the ins and outs of the Cincinnati commercial real estate market. Because of this, Midwest Real Estate News asked her three key questions about the strength of the Cincinnati CRE market and the health of its commercial sectors.

Finance N Illinois
JLL arranges $140M refinancing for Wrigley Field-adjacent Gallagher Way

JLL arranges $140M refinancing for Wrigley Field-adjacent Gallagher Way

JLL arranged a $140 million refinancing for Gallagher Way, a recently completed lifestyle mixed-use development. The project comprises more than 93,000 square feet of office space and 85,100 square feet of retail space, along with the 173-room Hotel Zachary and an open-air entertainment plaza adjacent to Wrigley Field, which is prominently located in Chicago’s Wrigleyville neighborhood.