Old Orchard Towers, a 349,814-square-foot, Class A office complex consisting of two seven-story office towers in Skokie, IL, has been refinanced for $59.6 million. HFF worked on behalf of the borrower
Vermilion Development has begun pre-leasing at Viridian on Sheridan, a new luxury rental development at 734 W. Sheridan Road in Chicago’s Lakeview neighborhood. Luxury Living Chicago Realty is the exc
CHICAGO — Wintrust Bank has provided a $21 million loan for the acquisition of a five-property industrial portfolio totaling 665,903 square feet in metro Chicago. The portfolio includes: 550-600 North
Taurus Investment Holdings, LLC announced that the US Logistics Fund I, LP has been fully deployed. The purchase of the Venture One Portfolio located in Chicago was the final investment of the fund. L
The 601W Companies has received a $677.5 million refinance for the Aon Center in Chicago.
Connect Industrial is coming up on July 11 in Chicago. Here’s a link for more information about the conference and to register. Industrial development remains a safe bet for the Chicago market, judgin
Chicago has received a $132-million federal grant for the 75th Street Corridor Improvement Project (CIP) to eliminate the most congested rail chokepoint in the region, Belt Junction. The project will
Strategic Properties of North America has scored $72 million in acquisition financing for the "deconversion" of Kennelly Square in Chicago.
CHICAGO — Avison Young has brokered the sale of Kennelly Square in Chicago’s Old Town neighborhood for $78 million. The buyer, Strategic Properties of North America, plans to convert the 268-unit cond
SCHAUMBURG, ILL. — Retail Properties of America Inc. (NYSE: RPAI) has sold Schaumburg Towers in suburban Chicago for $86.6 million. The property was the company’s one remaining office complex. America
McDonald’s Corp. executives and Chicago Mayor Rahm Emanuel officially opened the fast food chain’s new corporate headquarters in Chicago’s West Loop neighborhood. The move marks a return to Chicago wh
CHICAGO — Baker Development Corp. has completed the exterior construction of 2017 N. Mendell, a 62,000-square-foot office redevelopment in Chicago. The property was formerly an industrial building and
Colliers International | Chicago has been named leasing agent for 5500 Pearl Street, a 133,237-square-foot, Class A office building located in Rosemont, Illinois. The property was recently acquired by
The international rating system helps landlords market their buildings' tech capacities.
Kudan Group, a Chicago-based real estate firm that focuses on restaurant and retail transactions in the Chicagoland market, recently completed transactions in suburban Glenview and Itasca.
This year’s top U.S. destination for Memorial Day Weekend isn’t perennial favorite Las Vegas or a Florida resort town. Instead, it’s Chicago, according to Priceline’s analysis of hotel bookings over t
Morningstar founder Joe Mansueto has a deal to buy the Wrigley Building for $255 million, the Chicago Tribune reported. Current ownership, including BDT Capital Partners and Zeller Realty Group, paid
Nixon Peabody is expanding its real estate practice with the arrival of partner David B. Allswang. Allswang, who will help lead the firm’s real estate practice in Chicago, focuses his practice on comm
American Street Capital (“ASC”) has arranged $10.7 million loan for the 63-room Ivy Boutique Hotel on Chicago’s Magnificent Mile. The loan was originated by Igor Zhizhin, the President of ASC.
The 363-unit Spoke Apartments, located at 728 N. Morgan Street in Chicago’s River West neighborhood, celebrated its grand opening on May 10. More than 450 guests attended, including Mayor Rahm Emanuel
Sun Life Assurance Company of Canada (U.S.) signed a 259,744 square-foot lease renewal with Westrock Converting Company at 365 Crossing Road in Bolingbrook, IL. The property is currently 100% leased t
NorthMarq Capital has announced that Matthew Brodsky has joined its newly-relocated and expanding Chicago office as VP. He’ll be responsible for the cultivation of debt and equity solutions for the en
The veil has finally been lifted on the development plans for 400 N. Lake Shore Drive. What was once to be the site of the Chicago Spire will now feature two soaring towers with a mix of a rental, con
Waldorf Astoria Chicago and the Conrad Chicago have appointed Todd Temperly as General Manager of Hilton’s two properties located in the heart of downtown Chicago. In his new position, Temperly will b
CHICAGO — Colliers International has brokered the sale of a five-building, 666,079-square-foot industrial portfolio in metro Chicago for an undisclosed price. The properties include: 550 and 600 North
CBRE’s Chicago office recently represented Boxcar Betty’s in a 1,725-square-foot lease at 500 West Madison Street in Chicago. Home to one of the busiest commuter stations in the nation, 500 West Madis
Tampa, FL-based 3PL provider BlueGrace Logistics will open an office in downtown Chicago in July. BlueGrace plans to add 80 jobs at its new location in the Chicago Board of Trade Building over the nex
Sears Holdings Corp. said Monday that it has formed a special committee of the board of directors to independently review a proposal from CEO Eddie Lampert's hedge fund, ESL Investments, to purchase c
Jay Hennick, Colliers chairman and CEO Colliers International Group Inc. this morning announced it has agreed to acquire a 75% stake in Harrison Street Real Estate Capital LLC, a real estate investmen
Developed by White Lodging and Friedman Properties, and managed by White Lodging, the 156-bedroom hotel is located on the corner of Grand Avenue and LaSalle Drive.
The 53-story, riverfront tower going up on the former GGP site moved closer to reality with a new round of construction financing. According to the Chicago Tribune, Howard Hughes Corp. and Riverside I
A team of HFF brokers closed the office transaction on behalf of the seller, a joint venture between TriGate Capital and Pearlmark.
A joint venture between Hotel Capital and ORIX Real Estate Americas purchased the 209-key, recently renovated asset in an off-market transaction.
School Health Corp. will occupy the entire building, which will include 24,700 square feet of office space. The company will relocate from Hanover Park to Rolling Meadows.
“The outside capital is really helping to push local investors understand the value of the real estate and the opportunity that exists and they are stepping
Chicago is about to get its largest speculative project in more than one hundred years.
Renelle on the River includes 50 units and a yoga room, a game room and an outdoor kitchen. The company is offering virtual tours of the floorplans.
The 78 will create a new neighborhood along a half-mile stretch of Chicago River waterfront long derided as an eyesore. Credit: Related Midwest After decades of dormancy, Related Midwest hopes to tran
Mid-America Real Estate Corp.'s Investment Sales team brokered the disposition of the 340,849-square-foot Shops at Fox River in McHenry, Ill.
The property is located in Orlando Park, Ill. and features a drive-thru pharmacy and a large parking lot accommodating more than 450 vehicles.