State: Illinois - IL

Chicago Business Journal Octave Holdings and Investments has paid $29 million, or $168.60/sf, for Randal Square, a 172,000-square-foot retail center in Geneva, Ill., a western suburb of Chicago. The Alpharetta, Ga., company acquired the property from Viking Partners, which bought ...

Crain's Chicago Business Vista Property Group is offering for sale 3Eleven, a 245-unit apartment property in Chicago. The New York investment firm hired Newmark to market the property, which it bought in 2023 for $76 million. The property is encumbered ...

Commercial Property Executive Ares Management has paid $34.9 million, or $84.74/sf, for the 411,840-square-foot industrial property at 2520 West Haven Ave. in Joliet, Ill., about 42 miles south of Chicago. The Los Angeles investment manager acquired the building from Link ...

REBusiness Online Consolidated Electrical Distributors has agreed to fully lease the 134,360-square-foot industrial property at 710 Foster Ave. in Bensenville, Ill., about 24 miles west of Chicago. The electric equipment wholesaler was represented by NAI Hiffman, while Collier represented the ...

An affiliate of PGIM Real Estate has provided $45 million of financing against the 161-unit Reside on Barry apartment property in Chicago. Northmarq arranged the seven-year loan on behalf of the property's owner, Newcastle Investors of Chicago. It requires only ...

The Real Deal AmTrust has paid $77 million, or $409,574/unit, for the 188-unit apartment building at 220 West Illinois St. in Chicago. The New York investment firm acquired the property from Cortland, which bought it in 2022 for $105 million ...

Conversion and demolition projects last year reduced the inventory of office space in Chicago’s central business district and suburban areas by 890,275 square feet.

Crain's Chicago Business Cedar Street is offering for sale two apartment properties with 522 units in Chicago. The local developer hired Berkadia to market the 342-unit Draper Apartments, at 5050 North Broadway, along with the Sally, with 180 units at ...

Crain's Chicago Business Waterton has paid $85 million, or $431,472/unit, for Flair Tower, a 197-unit apartment property in Chicago's River North neighborhood. The local investor acquired the 26-story property from General Investment & Development, or GID, which bought it in ...

Commercial Real Estate Direct Staff Report The owner of the 2.78 million-square-foot Aon Center office property in downtown Chicago has indicated it won't be able to retire the property's $536 million loan at its maturity this summer. As a result, ...