140,000-SF Office Lease Signed in Suburban Chicago

Crain’s Chicago Business Nuveen has paid $27 million, or $29032/unit, for Elston Plaza, a 93,000-square-foot retail center in Chicago The New York investment manager acquired the property, at 3570 North Elston Ave, from DWS Group, which bought...

The Manhattan office market showed continued signs of recovery in the first quarter, with leasing activity stabilizing and availability declining as tenants increasingly expanded their space...

Commercial Observer Empire State Realty Trust Inc has paid $46 million, or $2,149/sf, for the 21,400 square feet of commercial space at 127 Kent Ave in the Williamsburg section of Brooklyn, NY The New York REIT acquired the space from Joyland Group...

Crain’s Chicago Business FPA Multifamily has paid $23 million, or $184,000/unit, for the 125-unit Park City Apartments in Oak Park, Ill The San Francisco investment manager acquired the property, at 675 Lake St, from Intercontinental Real...

A family office has leased 5,063 square feet at the 9 West 57th St office building in Midtown Manhattan, with rent averaging $32750/sf, believed to be the highest ever recorded in the borough The 168 million-square-foot building, a block from...

Crain’s Chicago Business Braemar Hotels & Resorts is offering for sale Sofitel Chicago Magnificent Mile, a 415-unit hotel in the city’s Gold Coast neighborhood The Dallas REIT, formerly known as Ashford Hospitality Prime Inc, hired...

Crain’s Chicago Business Ante has paid $21 million, or $355,932/unit, for the 59-unit Portrait Apartments in the Uptown neighborhood of Chicago The family office of Giannis Antetokounmpo, who is a member of the Milwaukee Bucks professional...

REJournalscom Founders Properties has paid $264 million, or $15561/sf, for Gateway I & II, a 169,656-square-foot industrial property in the Minneapolis suburb of Eagan, Minn The Eden Prairie, Minn, investment manager acquired the property, at...

REBusiness Online A venture of SparrowHawk and Almanac Realty Investors has paid $285 million, or $7768/sf, for Premier 370 DC II, a 366,900-square-foot industrial property in St Peters, Mo, a northwestern suburb of St Louis SparrowHawk, of Houston,...

Crain’s Chicago Business A venture of Eastham Capital and Bender Cos has paid $24 million, or $142,857/unit, for Flats at Gladstone, a 168-unit apartment property in the Chicago suburb of Glendale Heights, Ill Eastham, of Boca Raton, Fla, and...