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TODAY’S DEALS: Kislak Completes $136M Multifamily Property Sale–Largest in New Jersey Since ‘11

TODAY’S DEALS: Kislak Completes $136M Multifamily Property Sale–Largest in New Jersey Since ‘11

The Kislak Co. Inc. announced the $136 million sale of Rachel Gardens, a 764-unit apartment community on more than 98 acres in the Pine Brook section of Montville, N.J.; and NorthMarq Capital supplies a $10.6 million refinance for a Chicago redevelopment. …

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Construction Begins On Chicago’s New Wolf Point West Tower

Construction Begins On Chicago’s New Wolf Point West Tower

Chicago officials gathered on July 18th to celebrate the start of construction on a new 48-story luxury residential tower. Developed by Hines in partnership with the Magellan Development Group, the building will be part of a larger master plan designed by Connecticut-based Pelli Clarke Pelli Architects…

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Construction Begins On Chicago’s New Wolf Point West Tower

Construction Begins On Chicago’s New Wolf Point West Tower

Chicago officials gathered on July 18th to celebrate the start of construction on a new 48-story luxury residential tower. Developed by Hines in partnership with the Magellan Development Group, the building will be part of a larger master plan designed by Connecticut-based Pelli Clarke Pelli Architects…

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Sterling Bay Companies Announces Partnership with IPDNA to Redevelop Chicago’s Historic Old Post Office

Sterling Bay Companies Announces Partnership with IPDNA to Redevelop Chicago’s Historic Old Post Office

Sterling Bay Companies has recently announced a strategic partnership with International Property Developers North America to redevelop Chicago’s historic Old Post Office.…

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29th Street Capital Acquires MF Property; eBay to Expand Presence in Illinois

29th Street Capital Acquires MF Property; eBay to Expand Presence in Illinois

Real estate investment and advisory firm 29th Street Capital recently announced it has closed on a multi-family property located in the Bridgeport neighborhood of Chicago.…

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W.P. Carey Inc. Acquires $48 Million Distribution Facility

W.P. Carey Inc. Acquires $48 Million Distribution Facility

W.P. Carey Inc. recently announced it has acquired an 824,624-square-foot distribution facility just outside of Chicago. The property was purchased from Exeter Property Group for a total acquisition price of approximately $48 million.…

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New Loews Chicago Hotel Joins ALHI

New Loews Chicago Hotel Joins ALHI

Associated Luxury Hotels International recently expanded its portfolio with the addition of the new Loews Chicago Hotel which is scheduled to open in the beginning of 2015. AHLI will provide Global Sales Organization support, expertise and sales services for the new Chicago Hotel.…

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CVMC REIT Pays $211.7 Million for 250,000-Square-Foot Chicago Data Center

CVMC REIT Pays $211.7 Million for 250,000-Square-Foot Chicago Data Center

Carter Validus Mission Critical REIT Inc. has acquired the Chicago Data Center Facility in the Northlake suburb of Chicago for $211.7 million. The REIT will provide new capital for the continued build out and expansion of the facility.…

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Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center

Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center

Chicago-based Brennan Investment Group LLC and its joint venture partner Lake Forest, Ill.-based Westminster Capital recently announced the sale of Ogden Corporate Center to a private investor.…

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Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors

Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors

The conversion of the historic Lake Shore Athletic Club building into luxury apartments has won the 2014 Chicago Association of Realtors Good Neighbor Award. The distinction honors groundbreaking new and newly rehabbed or redeveloped properties in the Chicago metropolitan region that have augmented economic vibrancy in their neighborhood and boosted…

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Luxury Boutique Hotel Announces Opening in Chicago’s Andersonville Neighborhood

Luxury Boutique Hotel Announces Opening in Chicago’s Andersonville Neighborhood

The Andersonville Guesthouse is set to expand and upon reopening, in the summer of 2014, will be rebranded into The Guesthouse Hotel.…

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$79 Million TIFIA Loan for the Reconstruction of the CTA’s 95th Street Red Line Station Secured

$79 Million TIFIA Loan for the Reconstruction of the CTA’s 95th Street Red Line Station Secured

Mayor Rahm Emanuel and Senator Dick Durbin recently announced that $79 million in federal funding has been secured to finalize the funding of the new 95th Street Terminal on the Chicago Transit Authority’s Red Line.…

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