Regions Midwest | Chicago
Verizon Signs 72,696-SF Lease Extension in Chicago
Jan. 07, 2009
Verizon Business Services, a unit of Verizon Communications, signed a 72,696-square-foot lease extension at Michigan Plaza, the two-tower complex located at 205/225 N. Michigan Avenue in Chicago.
New Chicago Lease Further Evidence that ProLogis is Alive and Kicking
Dec. 17, 2008
Even if the generals have a brilliant plan for victory, wheels still need to roll at the front line if it’s all going to mean anything. In the case of ProLogis, time might still have to tell regarding the warehouse/distribution giant’s recovery strategy, but the ground-level activity seems to be rolling forward much as usual.
Lynd Breaks Ground on First Chicago Property
Dec. 16, 2008
San Antonio, Texas-based developer Lynd Development Partners is making its first move into the Chicago market with a 300,000-square-foot, 249-unit apartment tower.
Cabot Takes Industrial Portfolio from TIAA-CREF
Dec. 10, 2008
Cabot Properties has purchased a 788,000-square-foot industrial portfolio, comprising assets in Chicago and Baltimore, from TIAA-CREF.
KPMG Taps Diliberto as Managing Director
Dec. 03, 2008
Frank Diliberto joins KPMG Corporate Finance L.L.C. as managing director with real estate services, heading the company’s real estate auction platform.
JV to Develop 162,000-SF Office Building near Chicago
Nov. 20, 2008
Bridge Development Partners L.L.C. in partnership with Globe Corp. will develop 555 Corporate Center, a 162,000-square-foot, four-story speculative office building at 555 Aptakisic Road in Lincolnshire, Ill.  Plans call for the Class A office facility to be LEED certified by the U.S. Green Building Council.
ProLogis Leases 750,000 SF near Chicago
Nov. 13, 2008
ProLogis has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corp., a leading global, health and hygiene company.
Barclays Takes Over Lehman Lease in Chicago
Oct. 29, 2008
Barclays Bank has assumed the lease for the Chicago office space formerly occupied by Lehman Brothers Holdings Inc.
Mid-America Closes Sale with Target at Wilson Yard Redevelopment in Chicago
Oct. 28, 2008
Mid-America Asset Management Inc. announced that Target closed on the sale of 132,000 square feet at the Wilson Yard mixed-use redevelopment that is under construction in Uptown Chicago.
Studley Promotes Two to Associate Branch Managers
Oct. 10, 2008
Studley promoted two of its real estate advisors -- Robert Sevim and Tiffany Winne -- to associate branch managers of the Chicago office.
Chicago's Loyola Green Building Proves Successful
Oct. 06, 2008
The Richard J. Klarchek Information Commons, a green building at Loyola University in Chicago, was planned with hopes of cutting energy usage by as much 50 percent. Since the prominent building opened in January of 2008, the building has surpassed expectations, using new innovative methods for heating, ventilation, and air-conditioning.
Strategic Hotels & Resorts Not Drops Chicago Hotel Development Space Buy
Oct. 03, 2008
Strategic Hotels & Resort Inc. has  announced that it is not going ahead with its  contracted purchase of hotel development space at the Aqua Building, which is currently under construction and adjacent to the company's Fairmont Chicago Hotel.
GGP Announces Executive Change, Dividend Suspension
Oct. 03, 2008
General Growth Properties Inc. has announced the appointment of Edmund Hoyt as the Company's CFO on an interim basis.
Summit Design + Build Completes Vue Condominiums in Chicago
Oct. 02, 2008
Summit Design + Build L.L.C. completed the new Vue Condominiums located at 3505 N. Ashland Avenue in Chicago, Ill.
$180M InterContinental Opens New O'Hare
Sept. 26, 2008
The InterContinental Chicago O'Hare Hotel has made its debut in Rosemont, just minutes from Chicago O'Hare International Airport, and a stone's throw from the Donald E. Stephens Convention Center.
JLL Hotels Arranges Sale of 3 Hotel Monacos 
Sept. 17, 2008
Jones Lang LaSalle Hotels has announced the sale of the Hotel Monaco Chicago, Hotel Monaco Denver, and Hotel Monaco Salt Lake City on behalf of institutional clients advised by PREI--Prudential Real Estate Investors.
Sale of Chicago Cubs, Wrigley Field Edges Closer
Sept. 15, 2008
The sale of the Chicago Cubs baseball team, along with storied Wrigley Field and a stake in SportsNet Chicago, a cable TV operation, could pass a milestone by the end of this month or early in October. Final bids for the Cubs and the other assets will be due by then, according to press reports, with five bidding groups still in the running.
180 N Lasalle Younan Takes 770,000SF Chicago Office for $124M
Sept. 10, 2008
Younan Properties has agreed to the $124 million purchase of 180 North LaSalle, a 770,000-square-foot, Class A Chicago office building located in the city's Downtown Loop area.
Distributor Expands to Entire 231,900-SF Chicago-Area Building
Sept. 05, 2008
It took only a few months for Rivera Logistics, a distributor for Seoul, Korea-based Hankook Tires, to determine that it needed more elbow room at its new locale.
metra market MetraMarket Bags $25M Construction Loan
Aug. 29, 2008
Despite a difficult environment for accessing debt for commercial real estate projects, about $25 million in construction financing has been secured for MetraMarket, a retail development in Chicago's West Loop.
Equity Residential Gets $550M Loan
Aug. 28, 2008
Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan has an all-in effective interest rate of about 6 percent and matures in 11.5 years, the first 10.5 of which will carry a fixed rate, with the final year carrying a floating rate.
AmTrust Finalizes LaSalle Bank Building Buy
Aug. 27, 2008
The LaSalle Bank Building in Chicago, first reported sold in June, has been finalized, according to various news sources and property records.
Perkins+Will Hires Two
Aug. 26, 2008
Perkins+Will announced that Mark Griffith has joined the practice as the local leader of the corporate, commercial and civic market sector.
Zell_Sam Zell: Is the Grave Dancer Finally in Grave Trouble?
Aug. 25, 2008
It's probably the biggest grave Sam Zell has ever danced on: the Tribune Co., with its newspapers, broadcast media, the Cubs and other interests. Strictly speaking, it isn't a grave -- plenty of the company's properties make money -- and it isn't a real estate play. Still, real estate promises to play an important role by providing some of the much-needed liquidity that the company will use over the next few years to pay down parts of its debt, which totals about $12.5 billion.
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.
 

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