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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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Amata Opens New Shared Office Center at 150 South Wacker Drive

Amata Opens New Shared Office Center at 150 South Wacker Drive

Amata Office Centers has recently announced it is opening its sixth shared office center in Chicago featuring 16,950 square feet of space. Occupying the entire 24th floor of the building located at 150 South Wacker Drive in the West Loop neighborhood, the shared office center is scheduled to open May…

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HOK-Designed Clark and Grand Hotel Complex Achieves LEED-NC Silver Certification

HOK-Designed Clark and Grand Hotel Complex Achieves LEED-NC Silver Certification

HOK recently announced that The Clark and Grand Hotel Complex has achieved Leadership in Energy and Environmental (LEED) Design for New Construction (NC) Silver certification from the U.S. Green Building Council.…

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Sumitomo Corporation of Americas Acquires Chicago’s Trophy 203 North LaSalle

Sumitomo Corporation of Americas Acquires Chicago’s Trophy 203 North LaSalle

Commercial real estate services firm Avison Young announced that it has completed an office property acquisition on behalf of Sumitomo Corporation of Americas within a trophy-class building in downtown Chicago.…

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TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio

TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio

Meridian Capital Group arranges $24.8 million in acquisition financing for an eight-property multifamily portfolio; and Oak Grove Capital provides $11.1 million in FHA refinancing and obtains a waiver to three-year rule.…

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Governor Quinn Announces New “Welcome Home Illinois” Home Loan Program for First-Time Buyers

Governor Quinn Announces New “Welcome Home Illinois” Home Loan Program for First-Time Buyers

Governor Pat Quinn recently announced the new Welcome Home Illinois program which aims to help Illinois’ first-time home buyers. The program provides $7,500 in down-payment assistance with an interest rate as low as 3.99 percent for a secure, 30-year fixed rate mortgage.…

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Governer Pat Quinn Praises 111 West Wacker Drive Development and Workers

Governer Pat Quinn Praises 111 West Wacker Drive Development and Workers

As the long awaited 111 West Wacker Drive project gets closer and closer to completion, which is scheduled for this summer, Governor Pat Quinn recently saluted the developers and workers.…

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New Luxury Boutique Nobu Hotel and Restaurant Chicago to Open in 2016

New Luxury Boutique Nobu Hotel and Restaurant Chicago to Open in 2016

Nobu Hospitality LLC recently announced plans for a new development in the West Loop of Chicago. The new luxury boutique Nobu Hotel and Restaurant Chicago will be located on the corner of Randolph and Preoria Streets and is scheduled to open early 2016.…

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The University of Chicago Lists Harper Court Complex for Sale with CBRE Group

The University of Chicago Lists Harper Court Complex for Sale with CBRE Group

The University of Chicago recently announced that it has listed the 12-story Harper Court complex for sale with commercial real estate firm CBRE Group.…

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Funding in Place for Monastery to Seniors Conversion in Chicago

Funding in Place for Monastery to Seniors Conversion in Chicago

Senior Lifestyle Corp. has obtained funding for the redevelopment of a monastery on the Northwest Side of Chicago. The Low Income Housing Tax Credits were provided by Boston Capital.…

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Forsythe Technology to Build 221K SF “Retail Plus” Data Center Colocation Facility in Elk Grove Village

Forsythe Technology to Build 221K SF “Retail Plus” Data Center Colocation Facility in Elk Grove Village

IT infrastructure Forsythe Technology recently announced it plans to design and build a state-of-the-art data center facility in Elk Grove Village, Illinois. The new 221,000-square-foot data center aims to address the needs of enterprises that are seeking for the best of both the retail and wholesale colocation data center markets.…

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Village Green Buys Streeterville Apartments, Plans Improvements

Village Green Buys Streeterville Apartments, Plans Improvements

Village Green has acquired a 21-story, 147-apartment community in the Streeterville neighborhood of Chicago. Plans call for a repositioning and rebranding. …

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