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
Hotel in Downtown Chicago Sells for $29Mln
Crain's Chicago Business A group led by investor Prakash Patel has paid $29 million, or $124,463/room, for the 233-room Homewood Suites hotel in downtown Chicago. Patel acquired the property, at 40 East Grand Ave., from Brookfield. The hotel was built ...
Law Firm Extends 163,000-SF Office Lease in Chicago
Vedder has agreed to extend its office lease for 163,000 square feet at 222 North LaSalle St. in Chicago through 2041. The law firm has been housing its headquarters at the 1 million-sf property since 1988. Henry Crown & Co. ...
Suburban Chicago Apartment Property Sells for $91Mln
Crain's Chicago Business Ansonia Properties has paid $91 million, or $258,522/unit, for Villages at Canterfield, a 352-unit apartment property in Dundee, Ill., a western suburb of Chicago. The Chicago real estate firm acquired the property from VennPoint Real Estate, which ...
Flats at Gladstone
A venture of Eastham Capital and Bender Cos. has paid $24 million, or $142,857/unit, for Flats at Gladstone, a 168-unit apartment property in the Chicago suburb of Glendale Heights, Ill. Eastham, of Boca Raton, Fla., and Bender, of Chicago, acquired ...
Menashe to Pay $60Mln for Chicago Office Property
Crain's Chicago Business Menashe Properties is in talks to pay less than $60 million, or $76.43/sf, for the 785,000-square-foot office property at 180 North LaSalle St. in Chicago. The Portland, Ore., investment firm would be buying the building from La ...
Work to Start on Chicago-Area Industrial Property
REBusiness Online NorthPoint Development will start work soon on a 428,900-square-foot industrial property within the 90 & Randall Logistics Park in Algonquin, Ill. The Kansas City, Mo., developer is building the property at Longmeadow Parkway and Randall Road, about 45 ...
Suburban Chicago Apartment Property Sells for $85Mln
Crain's Chicago Business The State Teachers Retirement System of Ohio has paid $85 million, or $400,943/unit, for the 212-unit Fynn apartment property in Elmhurst, Ill., a western suburb of Chicago. The pension fund acquired the property from an affiliate of ...
Owner of Chicago’s Aon Center Seen Asking for Extension of $536Mln Senior Loan
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 ...
Westin O’Hare
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 ...
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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.
