City: Chicago
258,720-SF Industrial Property Planned Near Chicago
CityBiz.com A venture of Stonemont Financial Group and Stotan Industrial will break ground soon on DuPage Crossings, a 258,720-square-foot industrial property in West Chicago, Ill. The property is being built speculatively on a 17-acre site at the corner of West ...
Chicago-Area Office Property Sells for $190Mln
Crain's Chicago Business Northeast Capital has paid $190 million, or $172.73/sf, for Kemper Lakes Business Center, a 1.1 million-square-foot office property in Lake Zurich, Ill. The Spring Valley, N.Y., investment firm purchased the property from Apollo Global Management, which had ...
Ace Hardware Leases 250,000 SF of Office Space in Oak Brook, Ill.
Crain's Chicago Business Ace Hardware has agreed to lease 250,000 square feet of office space at Oak Brook Reserve, a 297,000-sf office property in Oak Brook, Ill. The retailer will take its space at 2915 Jorie Blvd., which is 20 ...
Newport Capital Pays $29Mln for Chicago Retail Center
Chicago Business Journal Newport Capital Partners has paid $29 million, or $517.86/sf, for Elston Logan Plaza, a 56,000-square-foot retail center in Chicago. The local investment manager purchased the property from Novak Construction Co., which was represented by Mid-America Real Estate ...
Office Property Sales in Chicago’s CBD Surpass 2021 Investment Volume
Nine office properties with 4 million square feet in Chicago's central business district traded in the first quarter for a total of $946.5 million, making it the most-active quarter since the second quarter of 2018. In contrast, $885.6 million of ...
Chicago’s 175 West Jackson Office Building Sees Sharp Drop in Appraised Value
Commercial Real Estate Direct Staff Report The 1.45 million-square-foot office building at 175 West Jackson Blvd. in Chicago has had its appraised value slashed by nearly half to $210 million from the $410 million value pegged to it in 2013, ...
304-Unit Apartment Property Breaks Ground in Aurora, Ill.
REBusiness Online Atlantic Residential and Focus Development have broken ground on Lumen Fox Valley, a 304-unit apartment property in the Chicago suburb of Aurora, Ill. Atlantic, of Atlanta, and Focus, of Chicago, are building the property by redeveloping a vacant ...
381-Unit Apartment Property in Chicago Comes to Market
Crain's Chicago Business JDL Development is offering for sale the 381-unit Eight Eleven Uptown apartment property in Chicago's Uptown neighborhood. The local company has hired JLL to market the building at 811 West Agatite Ave. The 27-story property opened in ...
Dwight Capital Provides $49.8Mln of HUD Financing for Lockport, Ill., Apartments
REBusiness Online Dwight Capital has provided $49.8 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program against Highland Ridge, a 240-unit apartment property in Lockport, Ill. The 35-year loan allowed the property's owner, Heartland Real ...
164-Unit Apartment Property in Chicago Changes Hands
Chicago Business Journal James Oppenheimer of New City Property Management has acquired the 164-unit apartment property at 7100 South Shore Drive in Chicago. The sales price could not yet be learned. The local company acquired the complex from Morgan Properties ...
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