State: Illinois - IL

Commercial Property Executive Ares Management has paid $48.3 million, or $253.40/sf, for O'Hare Logistics Center 16, a 190,606-square-foot industrial facility in Mount Prospect, Ill., a norther suburb of Chicago. The Los Angeles investment manager acquired the property, at 1305 East ...

Crain's Chicago Business AMLI Residential is offering for sale AMLI Deerfield, a 240-unit apartment property in Deerfield, Ill. The Chicago developer hired JLL to market the property, which was built in 2015. AMLI Deerfield, at 1525 Lake Cook Road, about ...

REBusiness Online Flaherty & Collins Properties has completed the 219-unit first phase of the Blutowne apartment development in Peoria, Ill. The Indianapolis developer broke ground on the project, at 501 West Washington St., in late 2023. Its initial phase cost ...

Crain's Chicago Business Realty Income has paid $176.5 million, or $260.32/sf, for two industrial properties totaling 678,000 square feet at 3101 Protection Parkway and 2501 Sanders Road in Glenview, Ill. The San Diego REIT acquired the buildings from Dermody Properties ...

Crain's Chicago Business DRA Advisors has paid $95 million, or $279,411/unit, for Enclave at 127th, a 340-unit apartment property in Plainfield, Ill. The New York investment firm acquired the property, at 23760 West 127th St., from JVM Realty, which bought ...

Crain's Chicago Business Lendlease is offering for sale Cooper at Southbank, a 452-unit apartment property in Chicago's South Loop neighborhood. The Australian developer hired CBRE to market the 29-story property at 720 South Wells St. Cooper at Southbank was built ...

Crain's Chicago Business Basis Technologies has listed 70,017 square feet of office space for sublease at Sullivan Center, a 943,944-sf office property in Chicago. The digital advertising software company's lease runs through October 2030. It has been leasing space at ...

Crain's Chicago Business Local developer Mike Reschke is said to be paying about $25 million for the 815,074-square-foot office property at 55 West Monroe St. in Chicago's Central Loop neighborhood. The price would represent roughly a 90% discount to the ...

Crain's Chicago Business Anemone Real Estate has paid $23 million, or $323,943/unit, for the 71-unit 20West apartments in Mount Prospect, Ill., a northern suburb of Chicago. The Wheeling, Ill., investor acquired the six-story property, at 20 West Northwest Highway, from ...

For the first time since 2012, no office space is under construction in Chicago, according to Newmark, and only one office property was brought online during the first quarter.