David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
State: Illinois - IL
Law Firm Renews, Expands Office Lease in Chicago
REBusiness Online Bartlit Beck has agreed to renew and expand its lease at Court House Place, a 107,000-square-foot office property in Chicago's River North neighborhood. The national law firm now leases 80,000 sf at the property, which is owned by ...
Central Illinois Retail Property Sells for $28.35Mln
Chase Properties has paid $28.35 million, or $123.28/sf, for Empire Crossing, a 229,971-square-foot shopping center in the central Illinois city of Bloomington. The Beachwood, Ohio, investment firm acquired the retail property from Bet Investments, which was represented by JLL Capital ...
238-Unit Apartment Development Near Chicago Gets $55Mln of Financing
Associated Bank and Wintrust Financial have provided $55 million of financing for the construction of the 238-unit Union Villa Park apartment property in Villa Park, Ill., a western suburb of Chicago. The property, at 110 South Villa Ave., is being ...
Greystone Writes $115Mln Freddie Loan Against Suburban Chicago Apartment Property
Multi-Housing News Greystone has provided a $115 million Freddie Mac loan against Courtlands on the Park, a 918-unit apartment property in Des Plaines, Ill., a northern suburb of Chicago. The five-year loan requires only interest payments for its first three ...
CIBC Lends $38.1Mln for Construction of Chicago Apartments
Canadian Imperial Bank of Commerce has provided $38.1 million of financing for the construction of a 149-unit apartment property at 310 West Huron St. in Chicago's River North neighborhood. JLL Capital Markets arranged the three-year loan on behalf of the ...
Chicago Apartment Property Sells for $126Mln
Crain's Chicago Business A venture of Magellan Investment Partners and Intercontinental Real Estate has paid $126 million, or $379,518/unit, for the 332-unit apartment building at 73 East Lake St. in Chicago. Magellan, of Chicago, and Intercontinental, of Boston, acquired the ...
Sale of Chicago’s 175 West Jackson Office Spells Total Loss for $250.47Mln CMBS Loan
Commercial Real Estate Direct Staff Report The recent sale of 175 West Jackson Blvd. in Chicago has resulted in a complete wipe out of the $250.47 million CMBS loan that encumbered the 1.45 million-square-foot office building. As reported, the 114-year-old ...
175 West Jackson Blvd.
The property was 49% occupied and generated a net operating loss of $1.8 million during the 12 months through last September, according to servicer data compiled by Trepp Inc. It was encumbered by a $250.47 million loan that was divvied up ...
601W Cos. Venture Pays $41Mln for Troubled Chicago Office, Gets $58.5Mln Loan
Commercial Real Estate Direct Staff Report A venture of 601W Cos. and David Werner Real Estate has completed its $41 million, or just more than $28/sf, purchase of the 1.45 million-square-foot office property at 175 West Jackson Blvd. in Chicago. ...
Arrowhead Apartments
Artisan Capital Group has paid $31.4 million, or $157,000/unit, for the 200-unit Arrowhead Apartments in Palatine, Ill., a northwestern suburb of Chicago. The Chicago investor acquired the property from Hispanic Housing Development Corp., which bought it in 2018 for $23.6 ...
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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.
