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.

Finance W Minnesota
Minneapolis' Dougherty closes first loan under new HUD program

Minneapolis' Dougherty closes first loan under new HUD program

Dougherty Mortgage is the first mortgage banker nationwide to close a project under HUD’s new 221(d)(4) LIHTC pilot program with a $14.8 million loan for the acquisition and substantial rehabilitation of Brooks Landing, a 110-unit age-restricted property, and Brook Gardens, a 60-unit general occupancy property, both of which are located in Brooklyn Park, Minnesota.

Finance N Illinois
JLL arranges $61M financing for new Hyatt House hotel in Chicago

JLL arranges $61M financing for new Hyatt House hotel in Chicago

JLL arranged a $61 million refinancing for Hyatt House Fulton Market, a 200-room, newly constructed hotel in Chicago’s Fulton Market District. JLL worked on behalf of the borrower, a partnership between Sterling Bay and Wheelock Street Capital, to place the five-year, floating-rate loan with Argentic Real Estate Investments LLC. Loan proceeds will be used to retire the construction loan.

Finance N Illinois
JLL arranges nearly $30M in financing for Oak Brook office property

JLL arranges nearly $30M in financing for Oak Brook office property

JLL arranged a $29.8 million financing for 2001 York Road, a 184,525-square-foot office asset in Oak Brook, Illinois. JLL worked on behalf of the borrower, an affiliate of Pembroke IV, LLC, to secure the 36-month, floating-rate loan. The five-story office property has 33,000-square-foot average floor plates and is currently fully leased with Comcast occupying the majority of the building.