State: Illinois - IL

Crain's Chicago Business Riverside Investment & Development has lined up $64 million of mortgage financing under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the construction of the 199-unit apartment property at 566 West Van Buren St. ...

Crain's Chicago Business Standard Real Estate Investments and Belay Investment Group has paid $61 million, or $238,281/unit, for Martin's Point, a 256-unit apartment property in the Chicago suburb of Lombard, Ill. Standard and Belay, both of Los Angeles, acquired the ...

REBusiness Online A venture of Eastham Capital and Bender Cos. has bought the Park Towers Apartment Homes, a 270‑unit property in Richton Park, Ill., for $30.4 million, or $112,593/unit. Morgan Properties of Conshohocken, Pa., sold the complex, which was built ...

Crain's Chicago Business Nuveen has paid $27 million, or $290.32/unit, for Elston Plaza, a 93,000-square-foot retail center in Chicago. The New York investment manager acquired the property, at 3570 North Elston Ave., from DWS Group, which bought it in 2018 ...

Crain's Chicago Business FPA Multifamily has paid $23 million, or $184,000/unit, for the 125-unit Park City Apartments in Oak Park, Ill. The San Francisco investment manager acquired the property, at 675 Lake St., from Intercontinental Real Estate, which bought it ...

Commercial Real Estate Direct Staff Report Alternative lender 3650 Capital has provided $104 million of financing to facilitate the acquisition of a portfolio of seven apartment properties with 1,495 units in and around Chicago. The portfolio was purchased by a ...

Crain's Chicago Business Braemar Hotels & Resorts is offering for sale Sofitel Chicago Magnificent Mile, a 415-unit hotel in the city's Gold Coast neighborhood. The Dallas REIT, formerly known as Ashford Hospitality Prime Inc., hired JLL to market the property, ...

Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $240.7 million mortgage securitized through BX Trust, 2017-CQHP, would recover only $142.7 million in a liquidation. ...

Crain's Chicago Business Ante has paid $21 million, or $355,932/unit, for the 59-unit Portrait Apartments in the Uptown neighborhood of Chicago. The family office of Giannis Antetokounmpo, who is a member of the Milwaukee Bucks professional basketball team, acquired the ...