Commercial Real Estate Direct Staff Report The owner of Chicago's 2.78 million-square-foot Aon Center office property is looking to negotiate a term extension of the property's $536 million senior mortgage. The loan, which is senior to $141.5 million of mezzanine ...
Fortress Investment Group has paid $50 million, or $95,238/room, for Westin O'Hare, a 525-room hotel in Rosemont, Ill., a northwestern suburb of Chicago. The New York investment manager acquired the property from Clarion Partners, also of New York, which bought ...
Crain's Chicago Business Spear Street Capital has agreed to pay about $40 million, or $274.32/sf, for the 145,816-square-foot office property at 1201 West Lake St. in Chicago's Fulton Market neighborhood. The San Francisco investment firm is buying the property from ...
Chicago Business Journal TradeLane Properties has paid $30.1 million, or $51.54/sf, for the 584,000-square-foot industrial property at 2001 Baseline Road in Montgomery, Ill., about 47 miles west of Chicago. The Oakbrook Terrace, Ill., industrial investor acquired the property from Stag ...
Crain's Chicago Business McKinsey has agreed to sublease 72,000 square feet of office space at Chicago's Salesforce Tower. The consulting firm is subleasing the space from the 1.2 million-square-foot building's namesake tenant, Salesforce, in a deal brokered by CBRE. McKinsey ...
Crain's Chicago Business Banco Inbursa has provided $125 million of financing against the 192-room St. Regis Chicago hotel. The loan allows the property's owner, a venture of Gencom Group and GD Holdings, to retire a $76 million mortgage that Värde Partners ...
The Community Builders has broken ground on another phase of Southbridge, a mixed-use development in Chicago that will have more than 877 residential units and 65,000 square feet of retail and community space upon its completion. The Boston developer is ...
Multi-Housing News Optima Inc. has lined up $60 million of Freddie Mac financing against Optima Verdana, a 100-unit apartment property in Wilmette, Ill. The Glencoe, Ill., company will use the fixed-rate loan to retire construction debt. Walker & Dunlop arranged ...
Crain's Chicago Business MetLife Investment Management is planning a $170 million renovation of the 818,000-square-foot Water Tower Place shopping mall along Chicago's Magnificent Mile. MetLife took control of the property in 2022 after its previous owner, Brookfield Properties, opted to walk ...
Walker & Dunlop has provided $59.98 million of Freddie Mac financing against the 100-unit Optima Verdana apartment property in the Chicago suburb of Wilmette, Ill. The fixed-rate loan, which requires only interest payments for its full term, allowed the property's ...
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