City: Chicago

Crain's Chicago Business A venture led by John Novak of Novak Construction has paid $24.5 million, or $571.10/sf, for 42,900 square feet of ground-floor retail space at 162 North State St in Chicago. The venture acquired the space from The ...

Crain's Chicago Business Multi-Employer Property Trust has hired Newmark to market for sale McClurg Court, a 1,061-unit apartment complex in Chicago. The two-building property, which stands 45 stories at 333 East Ontario St, is expected to sell for more than ...

Crain's Chicago Business Vista Property Group has lined up $31 million of construction financing from Bank OZK for the development of a 15-story office building at 601-609 West Randolph St. in Chicago. The loan was arranged by JLL's capital markets ...

Commercial Real Estate Direct Staff Report Watermark Lodging Trust has negotiated an 18-month extension of the $84 million mortgage against its 553-room Renaissance Chicago Downtown hotel. The loan, securitized through WFRBS Commercial Mortgage Trust, 2014-C19, was slated to mature this ...

Ryan Cos. and Harrison Street have broken ground on a 258-unit seniors-housing property at the corner of Irving Park Road and Milwaukee Avenue in Chicago. Ryan Cos., of Minneapolis, and Harrison Street, of Chicago, received approvals for the development last ...

Crain’s Chicago Business LXG has acquired the 145-unit Holiday Inn and Suites at 506 West Harrison St. in Chicago for an undisclosed price. The Chicago investor bought the property from a venture controlled by the estate of late Chicago investor ...

Multi Housing News Randolph Street Realty Capital has paid $25 million, or $135,135/unit, for 185 previously unsold units at the 240-unit Ashton Condominiums in Arlington Heights, Ill. The Chicago investor bought the units from Lawton Realty Group, which was represented ...

Crain’s Chicago Business Growth Capital Partners has paid $42 million, or $132.68/sf for the industrial building at 3507 West 51st St. in Chicago that totals 316,550 square feet. The Birmingham, Ala., investor, better known by its initials GCP, acquired the ...

A venture of Marquette Cos. and Kayne Anderson Real Estate has secured a $37.8 million construction loan for its planned renovation of the Medical Center Apartments, a 272-unit building in Chicago. Associated Bank provided the loan. Marquette, of Naperville, Ill., ...

Greystone has provided $54.56 million of financing under the Department of Housing and Urban Development's Section 223(f) program for the 360-unit Camden at Bloomingdale apartment property in Bloomingdale, Ill. The loan allowed the property's owner, Chern Camden LLC of Greeley, ...