Crain's Chicago Business Sterling Bay is offering for sale the 197,433-square-foot office property at 345 North Morgan St. in Chicago. The local developer has tapped JLL to market the property, which was developed in 2022. The 11-story building is encumbered ...
To facilitate the latest deal, Northmarq originated a $60.77 million Fannie Mae loan, which requires only interest payments for part of its seven-year term. The new financing takes out a $53.6 million Fannie loan that's securitized through FNA, 2020-M34. That ...
It is 85% leased by tenants that include Jewel-Osco and LA Fitness.
Crain's Chicago Business NewMark Merrill Cos. has paid $31 million, or $173.08/sf, for the 179,106-square-foot Lake Meadows Shopping Center in Chicago. The Calabasas, Calif., investment firm acquired the property, at 3357 South King Drive, from its developer, Draper & Kramer. ...
Commercial Real Estate Direct Staff Report Real Capital Solutions has paid $132.5 million, or $174.08/sf, for the 761,164-square-foot office property at 401 North Michigan Ave. in Chicago. The Louisville, Colo., investor acquired the 35-story building from Walton Street Capital, which ...
Crain's Chicago Business A venture led by local real estate investor Vahooman Mirkhaef has proposed building at 237-unit apartment property at 557-571 West Polk St. in Chicago's South Loop neighborhood. Mirkhaef's plans call for redeveloping the two-story office property on ...
Vue53 is encumbered by a $45 million loan that's in AREIT, 2024-CRE9, a collateralized loan obligation. The loan pays a coupon pegged to SOFR plus 375 basis points and is set to mature in January. The property was built in 2016 ...
Ashkenazy Acquisition Corp. has paid $60 million, or $100/sf, for the 600,000-square-foot Orland Park Place retail center in the Chicago suburb of Orland Park, Ill. The New York investment firm acquired the property, at 15207 South La Grange Road, from PMAT ...
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