Crain's Chicago Business Vinayaka Hospitality has paid $43.2 million, or $128,955/room, for the 335-room Blackstone Hotel in downtown Chicago. The Schaumburg, Ill., hotel manager acquired the property, at 636 South Michigan Ave., from a venture of Fundamental Advisors and Sage ...
Crain's Chicago Business Tishman Speyer is offering for sale Union West, a 357-unit apartment property in Chicago. The New York investment manager hired CBRE to market the property, which it bought in 2023 for $128 million. At the time of Tishman's ...
Commercial Real Estate Direct Staff Report New York Life Insurance Co. has provided $141.82 million of financing against the 509-unit Wolf Point West apartment property in Chicago. The three-year loan was arranged by JLL Capital Markets. It allowed the 48-story ...
Commercial Property Executive AKIRA has agreed to extend its 202,105-square-foot lease at Crossroads Parkway, a 352,338-sf industrial property in Bolingbrook, Ill., a southwestern suburb of Chicago. The fashion retailer, which has occupied space at the property since 2021, was represented ...
Crain's Chicago Business The 691,410-square-foot office building at 2 North LaSalle St. in Chicago has been brought to the sales block by the bondholders that took control of it two years ago. Torchlight Loan Services, the special servicer representing the ...
The 10-story property is now 67.6% leased. Real Capital plans to invest in upgrades in order to spur leasing.
Commercial Real Estate Direct Staff Report Washington Capital Management Inc. has paid $41 million, or $1,901/sf, for the 21,565-square-foot retail portion of 500 North Michigan Ave. in Chicago. The Seattle investment manager bought the space from an investor group led ...
It is 89% leased.
Crain's Chicago Business R.I.G. Capital has paid $167 million, or $149,775/unit, for the 1,115-unit Pavilion Apartments in Chicago, near O'Hare International Airport. The local investment firm acquired the property, at 5441 North East River Road, from Brookfield Asset Management, which ...
Park Towers has a mix of one- and two-bedroom units ranging from 770 to 910 square feet, with monthly rents averaging $1,531. It is 94% leased. The property includes fitness and business centers, laundry facilities, and a playground. The new ...
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