Easterly Government Buys Cleveland-Area Office Property
July 30, 2021
Exeter Pays $20.2Mln for Suburban Philadelphia Office
July 30, 2021
190,000-SF Office Building Planned for Tempe, Ariz.
July 30, 2021
State: Illinois - IL
Deed-In-Lieu of Foreclosure Seen for Hilton Suites on Chicago’s Magnificent Mile
Commercial Real Estate Direct Staff Report An affiliate of Procaccianti Cos. is in talks to possibly turn over, in a deed-in-lieu of foreclosure, the Hilton Suites Chicago Magnificent Mile to the CMBS trust that holds a $69.97 million matured loan ...
Spirit/Bascom Venture Pays $49.11Mln for Suburban Chicago Apartments
A venture of Spirit Investment Partners and Bascom Group has paid $49.11 million, or $222,217/unit, for the 221-unit 415 Premier Apartments in the Chicago suburb of Evanston, Ill. The venture, which funded its purchase with a mortgage from Rialto Capital ...
Amazon to Lease 501,000-SF Industrial Building Near Chicago
Crain’s Chicago Business Amazon.com Inc. has agreed to fully lease the 501,000-square-foot industrial building at 3940 South Lakeside Drive in Waukegan, Ill. The e-commerce giant is leasing the property from Bridge Industrial of Chicago. The building opened last year and ...
189-Unit Apartment Property in Chicago Comes to Market
Crain's Chicago Business Moceri + Roszak is offering for sale Parkline Chicago, a 189-unit apartment property in Chicago. The local developer has hired CBRE to market the property, which opened earlier this year and is 96 percent occupied. The 26-story ...
Airline Servicer to Fully Lease 253,000-SF Industrial Property Near Chicago
REBusiness Online Alliance Ground International LLC has agreed to fully lease the 253,000-square-foot industrial property at 1717 Busse Road in Elk Grove Village, Ill. The Miami company, which provides airline cargo handling services, was represented in the lease by Darwin ...
601,000-SF Industrial Property Proposed for Chicago
Crain's Chicago Business Logistics Property Co. has proposed building a 601,000-square-foot warehouse at the corner of North Elston and West Division streets in Chicago. The two-story project's 12-acre development site is near the city's Goose Island neighborhood. Plans for the ...
BofA Lends $147.5Mln Against Chicago’s Presidents Plaza
Bank of America has provided $147.5 million of financing against Presidents Plaza, an 830,789-square-foot office building in Chicago. The loan, arranged by Newmark, allowed the property's owner, a venture of Angelo, Gordon & Co. and GlenStar Properties, to pay off ...
Local Developer Plans 316-Unit Apartment Project in Chicago
Crain's Chicago Business Local developer Jeff Shapack is planning to build a 316-unit apartment property at 1353 West Fulton St. in Chicago. Shapack purchased the project's 27,200-square-foot development site in 2018 for $8.5 million, or $312.50/sf. In order to comply ...
Kraft Heinz Renews Office Lease in Chicago
The Real Deal Kraft Heinz Co. has renewed its lease for 162,000 square feet of office space at Chicago's Aon Center. The food company occupies five floors at the 83-story property. Aon Center, at 200 East Randolph St., is owned ...
214-Unit Apartment Property Opens in Chicago
Chicago Business Journal Luxe Residential is welcoming its first tenants to Millennium on LaSalle, a 214-unit apartment property in Chicago. The Aventura, Fla., developer converted the property, at 29 South LaSalle St., into multifamily units after an affiliate had acquired it ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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