Avanath Capital Pays $119Mln for Chicago Apartment Property
March 31, 2023
Development Site in Center City Phila. Hits Sales Market
March 31, 2023
City: Chicago
CMBS Trusts to Take Chicago Office Property in Foreclosure
Commercial Real Estate Direct Staff Report The CMBS trusts that hold a $42.4 million loan against the 487,000-square-foot office property at 401 South State St. in Chicago are poised to take the property through foreclosure. The foreclosure was first highlighted ...
349-Unit Apartment Property Proposed for Chicago
Crain's Chicago Business A venture of Ascend Real Estate Group and Intercontinental Real Estate is proposing a 349-unit apartment property at 800 West Lake St. in Chicago. Ascend, of Chicago, and Intercontinental, of Boston, had proposed building a 476-room hotel ...
Chicago’s 135 South LaSalle’s Appraised Value Drops Below Loan Balance
Commercial Real Estate Direct Staff Report Downtown Chicago's 135 South LaSalle St., a 1.31 million-square-foot office building, has had its appraised value slashed once again, to $90 million, 10 percent less than the $100 million that is owed against it. ...
a portfolio of eight apartment properties with 200 units
A group of investors led by Eagle Infinite Investments has paid $28.5 million, or $142,500/unit, for a portfolio of eight apartment properties with 200 units in Chicago. The local investor purchased the properties from ShainRealty Capital in a deal brokered ...
H&M Leases 30,000 SF of Retail Space Along Chicago’s Magnificent Mile
Crain's Chicago Business H&M has agreed to lease 30,000 square feet of retail space at 679 North Michigan Ave. along Chicago's Magnificent Mile. The retailer will be cutting its space along the well-known shopping district, as it previously had occupied ...
Logistics Company Fully Leases 75,072-SF Industrial Property Near Chicago
REBusiness Online Masterpiece International has agreed to fully lease a 75,072-square-foot industrial building within the Elk Grove Industrial Park in Elk Grove Village, Ill. The logistics company was represented by Brown Commercial Group, while the property's owner, ML Realty Partners, ...
200,000-SF Retail Center in Chicago Changes Hands
Commercial Property Executive Ashkenazy Acquisition Corp. has acquired Gateway Center Plaza, a 200,000-square-foot retail property in Chicago. The New York investment firm purchased the property from Stockbridge Capital Group, which was represented by CBRE. The sales price was not yet ...
2 Apartment Properties Come to Market in Chicago
Crain's Chicago Business Draper & Kramer is offering for sale two apartment properties with a combined 931 units in Chicago. The local landlord has hired Berkadia to market Eleven Thirty, a 656-unit apartment property at 1130 South Michigan Ave. The ...
8-Property Apartment Portfolio in Chicago Sells for $28.5Mln
REBusiness Online A group of investors led by Eagle Infinite Investments has paid $28.5 million, or $142,500/unit, for a portfolio of eight apartment properties with 200 units in Chicago. The local investor purchased the properties from ShainRealty Capital in a ...
Chicago Development Site Sells for $34Mln
REJournals.com Crescent Heights has paid $34 million for a 1.7-acre development site at 420 North May St. in the Fulton Market neighborhood of Chicago. The Miami developer purchased the site from 420 May Acquisitions LLC, which was represented by CBRE. ...
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