The Real Deal Lamar Cos. has paid $63.7 million, or $148.83/sf, for Geneva Commons, a 438,000-square-foot retail center in Geneva, Ill. The Fairfield, N.J., company purchased the property from LaSalle Investment Management, which had acquired it in 2013 for $124 ...
Commercial Real Estate Direct Staff Report PGIM has provided $74.5 million of financing to facilitate Stonepeak's $125 million, or $73.53/sf, purchase of a portfolio of three industrial buildings totaling 1.7 million square feet in Elwood, Ill. Stonepeak, a New York investment ...
Commercial Property Executive Ann and Robert H. Lurie Children's Hospital of Chicago has broken ground on the Lurie Children's Schaumburg Outpatient, Primary Care and Infusion Center, a 75,000-square-foot medical office building in Schaumburg, Ill. The $60 million property is being ...
Commercial Real Estate Direct Staff Report The appraised value of the Hilton Suites Chicago Magnificent Mile, a 345-room hotel in Chicago, has been reduced to $61.9 million. That's down from the $63.1 million value pegged to it last year and ...
Chicago's central business district had 7.1 million sf of office space available for sublease in the first quarter, according to Cushman & Wakefield. That's down from the 8 million sf that was available in the fourth quarter of last year, ...
Crain's Chicago Business A local development group has proposed building a 256-unit apartment property at 2328 South Michigan Ave. in Chicago. The group, which consists of Fern Hill, Decennial Group and Rebel Hospitality, expect the two-building project to cost $100 ...
The Real Deal Charles Schwab is offering for sublease 135,000 square feet of office space at 100 and 150 South Wacker Drive in Chicago. The financial services company is the two-building property's largest tenant, leasing 145,543 sf through December 2027. ...
Chicago Business Journal CenterPoint Properties has sold a portfolio of three nearby industrial buildings totaling 1.7 million square feet in Elwood, Ill., for $125 million, or about $73.53/sf. The Oak Brook, Ill., company sold the properties to Stonepeak, a New ...
The Real Deal Continental Realty Corp. has paid $78.4 million, or $276,056/unit, for Sixteen30, a 284-unit apartment complex in Plainfield, Ill. The Baltimore investment manager purchased the property from its developer, Wingspan Development, which had spent $60 million building it. ...
Commercial Real Estate Direct Staff Report The $120.46 million of financing against Yorktown Center, a 787,389-square-foot retail center in Lombard, Ill., has transferred to special servicer KeyBank as it was not paid off at its maturity. The transfer was highlighted ...
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