Regions Midwest | Chicago
Elk Crossing Shopping Center Sold in Chicago Suburb
Aug. 19, 2008
Mid-America Real Estate Corp.'s Investment Sales Group of Oakbrook Terrace, Ill., announced the sale of Elk Crossing, a 121,507-square-foot grocery-anchored shopping center in Elk Grove Village, a northwest suburb of Chicago.
Jones Lang LaSalle, TR Advisors to Manage Chicago Transit Authority RE
Aug. 12, 2008
The Chicago Transit Authority selected Jones Lang LaSalle Inc. in partnership with TR Advisors to manage certain of its real estate assets.
Alter_Bill Chicago Development Patriarch Alter Dies at 78
Aug. 11, 2008
William Alter, founder of the Alter Group, one of the largest development firms in the nation, died Friday of complications from pneumonia. Alter, who was 78, also suffered from Alzheimer's for several years before his death. Though in the 1990s he turned over the day to day operations of the Alter Group to his son, Michael Alter, the senior Alter retained the titles of chairman & CEO of the Skokie, Ill.-based firm.
Cape Horn Group Buys Chicago Office Building
Aug. 01, 2008
KBS Realty Advisors has sold 205 W. Wacker, an office building located at the corner of W. Wacker Drive and Wells Street in Chicago's Central Loop business district.
Chicago Merger Introduces Jameson Real Estate
Aug. 01, 2008
Christopher Feurer, the principal of the Feurer Cos. and Michael Sato, his partner in CRF Marketing, the sales and marketing arm of the company, are joining forces with the principals of the Jameson Realty Group and Chicago real estate developers Steven Golovan, Charles Mudd and John Lally to create a new brokerage powerhouse known as Jameson Real Estate L.L.C.
W. P. Carey Buys Kendall College's Chicago Riverworks Campus
July 30, 2008
W. P. Carey & Co. L.L.C. said today that its publicly held non-traded REIT affiliate acquired Kendall College's Riverworks Campus on Chicago's Goose Island.
Magellan Development Launches Magellan Project Services
July 22, 2008
Magellan Development Group, a Chicago-based  residential developer, has created a consulting service – Magellan Project Services – to assist financial institutions coping with development challenges or underperforming assets in the current difficult real estate environment.
Baker & Daniels Open Chicago Office
July 18, 2008
Baker & Daniels L.L.P. has opened an office at 311 South Wacker in Chicago, Ill.
Sports Product Retailer Triples Warehouse with 207,000SF Lease
July 18, 2008
Driven to expand its operations due to increasing demand, Dreams Retail Inc. has leased the industrial building at 725 Landwehr in Northbrook, about 25 miles from Chicago, Ill.
Reid Appointed to White House National Infrastructure Advisory Council
July 09, 2008
CB Richard Ellis Group Inc. said todaythat Jim Reid, president of the company’s Eastern Division, has been appointed by President George W. Bush to the National Infrastructure Advisory Council.
KDC to Expand Operations
July 08, 2008
KDC plans to open new offices in Chicago, Washington, D. C. and the San Francisco Bay area by the end of the year, as well as expanding its Houston operations, the company said today.
Fortes  Financial Secures National City Mortgage Wholesale Division
July 02, 2008
Fortes Financial Inc. has completed the  assumption of five regional wholesale offices formerly belonging to  National City Mortgage Corp.
Bally Total Fitness Selects Jones Lang as Service Provider
July 01, 2008
Jones Lang LaSalle has been selected by Chicago-based Bally Total Fitness to provide transaction management, project management and lease administration for its portfolio of 350 health clubs.
Spencer Stuart to Lease 100,000SF in Chicago
June 27, 2008
Spencer Stuart, a search consulting firm, has signed a letter of intent for approximately 100,000 square feet at 353 N. Clark in Chicago, Ill.
Can Zell Sell Trib Tower?
June 26, 2008
Can Chicago's Tribune Tower sell, even in a market as sluggish for investment sales as the current one?
Prime Inks Lease Extension with Porsche in Chicago
June 25, 2008
Prime Group Realty Trust, a Chicago-based real estate investment trust, has signed a multi-year lease extension with Porsche Financial Services Inc. for its 29,000-square-foot corporate offices at The Olympian Office Center at 4343 Commerce Court in Lisle, Illinois.
Chicago High Rise Moves Ahead with Kennedy Funding Loan
June 24, 2008
The Catalyst, a high rise condo going up in Chicago's West Loop has gotten an $8.4 million loan from Kennedy Funding Inc., the lender reported
Margolin Joins Arbor Commercial as Director
June 18, 2008
Arbor Commercial Mortgage announces the appointment of Peter Margolin to director in the firm's Chicago, Ill office.
ProLogis Inks Deal for BTS Facility near Chicago
June 17, 2008
Industrial property behemoth ProLogis has inked a deal with Bay Valley Foods, a specialist in private label food products, to develop a 600,000-square-foot distribution center for the company in Rochelle, Ill.
Engineering Firm Takes 25,000SF Downtown
June 17, 2008
Thornton Tomasetti Inc. has signed on for just over 25,000 square feet of office space at 330 North Wabash Ave., the 1.5 million-square-foot office tower in downtown Chicago that was formerly known as One IBM Plaza.
City of Chicago's CDC Gives Nod to Land Sale for Media Production Center Development
June 12, 2008
The City of Chicago’s Community Development Commission yesterday unanimously voted to recommend to the City Council the sale of a parcel of land on the southwest corner of 16th and State to Columbia College Chicago for the construction of a Media Production Center.
$31M Refi in Place for Suburban Chicago MF Property
June 12, 2008
Refinancing has closed for Lincoln at Ovaltine Court in Villa Park, less than a half-hour outside of Chicago, Ill. Holliday Fenoglio Fowler L.P. orchestrated the deal on behalf of property owner LPC Ovaltine Apartments L.L.C., a joint venture consisting of the Lincoln Property Co. and the AFL-CIO Building Investment Trust.
First Chicago Bank Names Former LaSalle Bank Team to Asset Based Lending Group
June 10, 2008
First Chicago Bank & Trust says that a team of five former ABN AMRO/LaSalle Bank executives led by John Littrell has joined First Chicago’s asset-based lending group. John Littrell was named senior vice president of asset-based lending. Andrew Bennett, James Low and Joseph Ach were each named vice president of asset based lending. Also joining the group is Christine Kiessling, who was named commercial banking assistant.
Troubled Retailers Make Headaches for Landlords
June 09, 2008 - Source: Crain's Detroit Business
Cost Plus World Market, Linens-N-Things, and Borders Group are three once-prized, now-retreating tenants in Michigan, according to Crain's Detroit Business.
Rates Up, Occupancy Down at Chicago Hotels
June 09, 2008 - Source: Crain's Chicago Business
The average downtown room rate was $174.98 through the end of April, which was up 11.6 percent from a year earlier.
 

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