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John Hancock Real Estate Acquires 150 North Michigan Avenue Office Tower

John Hancock Real Estate Acquires 150 North Michigan Avenue Office Tower

By Gabriel Circiog, Associate Editor The 41-story 150 North Michigan Avenue office tower has been acquired by John Hancock Real Estate—the U.S. unit of Manulfie Real Estate—for $102 million. As previously reported by Commercial Property Executive, Jones Lang LaSalle Inc. was hired by Germany-based SEB Asset Management A.G. to market…

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TGM Associates LP Acquires 576-Unit Apartment Complex in Schaumburg

TGM Associates LP Acquires 576-Unit Apartment Complex in Schaumburg

By Gabriel Circiog, Associate Editor In one of the biggest suburban multifamily purchases in over four years, an affiliate of New York-based TGM Associates LP paid $86.7 million for an apartment complex in Schaumburg, ChicagoRealEstateDaily.com reports. Located at 10 N. Lincoln Meadows Drive, the 576-unit apartment complex was built in…

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Chicago Senior Care Acquires Clare at Water Tower in Bankruptcy Auction

Chicago Senior Care Acquires Clare at Water Tower in Bankruptcy Auction

By Gabriel Circiog, Associate Editor Chicago Senior Care LLC has acquired the luxury senior-housing high-rise Clare at Water Tower after winning an auction in the U.S. Bankruptcy Court in Chicago, Chicagorealestatedaily.com reports. The partnership between Harrison, N.Y.-based Senior Care Development LLC, New York-based Fundamental Advisors LP and Des Moines, Iowa-based…

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Holliday Fenoglio Fowler Hired to Sell 1401 S. State St. and North Shore Hotel

Holliday Fenoglio Fowler Hired to Sell 1401 S. State St. and North Shore Hotel

By Gabriel Circiog, Associate Editor Holliday Fenoglio Fowler L.P. has been hired by a venture that includes Sam Zell’s Equity Residential and Dallas-based developer Lincoln Property Co. to market a 22-story apartment building located at 1401 S. State St., Chicagorealestatedaily.com reports. The South Loop urban loft high-rise was completed in…

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Canadian REIT Acquires Westfield Business Park in Elgin

Canadian REIT Acquires Westfield Business Park in Elgin

By Gabriel Circiog, Associate Editor Westfield Business Park, a 513,313-square-foot office complex located in Elgin, has been acquired by a newly formed Canadian real estate investment trust, Chicagorealestatedaily.com reports. In February, Commercial Property Executive reported on the intensified activities of Canadian REITs in the U.S. market after Vancouver, B.C.-based Onni…

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NorthStar and Deutsche Bank Set to Land John Hancock Center

NorthStar and Deutsche Bank Set to Land John Hancock Center

By Gabriel Circiog, Associate Editor The battle for the landmark John Hancock Center is set to end as a partnership that includes Deutsche Bank AG and NorthStar Realty Finance Corp. acquired all three pieces of junior debt on the Michigan Avenue skyscraper, Chicagorealestatedaily.com reports. After buying $218 million of loans,…

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Luxury Parc Huron Apartment Tower to be Sold for $110 Million

Luxury Parc Huron Apartment Tower to be Sold for $110 Million

By Gabriel Circiog, Associate Editor An affiliate of Dallas-based L&B Realty Advisors LLP has agreed to purchase the luxury Parc Huron apartment tower for $110 million, Chicagorealestatedaily.com reports. The 221-unit building, located at 469 W. Huron Street in the River North neighborhood of Chicago, will be sold by local developers…

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United Airlines Could Unite Downtown Offices in Willis Tower

United Airlines Could Unite Downtown Offices in Willis Tower

By Gabriel Circiog, Associate Editor The parent company of United Airlines is pondering uniting the company’s downtown offices under one roof at Willis Tower, Chicagorealestatedaily.com reports. Sources say that United Continental Holdings Inc. is searching for tenants to fill the 250,000 square feet it currently leases at the United Building,…

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Streets of Woodfield to Be Sold by Kimco Realty Corp.

Streets of Woodfield to Be Sold by Kimco Realty Corp.

By Gabriel Circiog, Associate Editor The Streets of Woodfield, a 713,000-square-foot outdoor mall located in Schaumburg, is being sold by Kimco Realty Corp., ChicagoRealEstateDaily.com reports. Arrow Retail, a Dallas investment firm, has agreed to buy the property located at 601 N. Martingale Rd. Although the agreed price is not yet…

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150 N. Michigan Up for Sale; Legacy at Millennium Park Wins ‘Best in Living’ Award

150 N. Michigan Up for Sale; Legacy at Millennium Park Wins ‘Best in Living’ Award

By Gabriel Circiog, Associate Editor The 150 N. Michigan office tower could soon get a new owner on top of the new name it is set to receive in March, Chicagorealestatedaily.com reports. Germany-based SEB Asset Management A.G. bought the 41-story office building in 1999 for around $113.2 million. Recently, the fund…

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Landmark Civic Opera Building Sold for $126 Million

Landmark Civic Opera Building Sold for $126 Million

By Gabriel Circiog, Associate Editor Tishman Speyer Properties L.P. has sold the Civic Opera Building to a New York venture for almost $126 million, Chicagorealestatedaily.com reports. According to Cook County property records, cited by the same source, an affiliate of Nanuet, N.Y.-based Berkley Properties LLC bought the 915,000-square-foot building for $125.8…

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CME Group to Sell Two Towers at Board of Trade

CME Group to Sell Two Towers at Board of Trade

By Gabriel Circiog, Associate Editor A joint venture led by Chicago developer GlenStar Properties, which also includes San Antonio-based USAA Real Estate Co., is in the process of acquiring two Chicago Board of Trade towers from CME Group Inc., ChicagoRealEstateDaily.com reports. [...]…

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