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Friday, Nov 15

19

Synergy Construction & Development breaks ground on 600-unit multifamily development in Lombard

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Synergy Construction & Development Company has broken ground on Yorktown Reserve, a luxury multifamily residential complex with 600 units and a 2-acre green space and...

Brown Commercial Group brokers 10,000-square-foot industrial transaction in Schaumburg

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Brown Commercial Group negotiated a 10,000-square-foot industrial sales transaction in the Chicago market. Broker Pat Crowley represented NetInformatik in expanding its presence in the market...

18

Indianapolis’ Ambrose Property Group names development manager

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Indianapolis-based Ambrose Property Group added Matt Borner as development manager. As development manager, Borner will oversee the execution of development projects for Ambrose’s national build-to-suit...

17

Scannell Properties names development manager for Kansas City office

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Scannell Properties hired Tyler Wysong as development manager for its Kansas City, Missouri, office. Wysong will manage several large projects currently being developed and will...

16

Cushman & Wakefield closes sale of 178-unit multifamily community in Burleson

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Cushman & Wakefield arranged the sale of The Riley, a 178-unit multifamily community in Burleson, Texas. Grant Raymond and Asher Hall of Cushman & Wakefield...

Integrate Construction Partners wraps construction on $10 million office complex in Nebraska

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St. Louis-based general contractor Integrate Construction Partners has completed construction on a $10 million Insurance Auto Auctions complex in Greenwood, Nebraska. IAA, Inc. is a...

13

A bit of momentum returning to Detroit office market? Colliers and CBRE research suggests it is

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Positive absorption returned to the Detroit office market in the third quarter of 2024. And that’s undeniably good news for commercial real estate professionals working...

District Capital closes $153 million acquisition loan for Michigan borrower

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Kevin Kovachevich of District Capital arranged a $153.2 million acquisition loan for a Michigan borrower as part of a Fannie Mae credit facility. The senior...

Chicago’s Harold E. Eisenberg Foundation wraps 25th anniversary by raising more than $700,000 for cancer research and real estate education

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The 25th Anniversary celebration of the Harold E. Eisenberg Foundation culminated on Oct. 17 with a gala at the Hilton Chicago attended by 600 guests, raising more...

Thursday, Nov 14

19

JLL Capital Markets negotiates sale of 94,508-square-foot retail center in South Elgin

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 JLL Capital Markets announced today that it has arranged the sale of South Elgin Commons, a 94,508-square-foot destination retail center in South Elgin, Illinois. JLL worked...

18

KDC completes $114 million Port of Freeport facility for Volkswagen Group of America

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KDC completed the $114 million Port of Freeport facility in Freeport, Texas, for Volkswagen Group of America (VWGoA). Situated on 120 acres about 63 miles...

DarwinPW brokers sale of mixed-use property in Chicago

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DarwinPW Realty/CORFAC International Associates Marc Hale and Ali Nix recently brokered the sale of 2224 W. Grand Ave. in Chicago, a 9,600-square-foot building on a...

16

Brennan Investment Group names senior vice president

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Rosemont, Illinois-based Brennan Investment Group promoted Joe Macchione to Senior Vice President, Head of Midwest Operations. In his expanded role, Macchione will oversee the leasing and operations of...

13

A bit of good news? Southeast Wisconsin office market records positive absorption in third quarter

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The office vacancy rate remain elevated in Southeast Wisconsin as of the end of the third quarter. But in better news, the Milwaukee-area office market...

How will AI change commercial real estate? JLL Falcon provides early clues

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AI is bringing big changes to industries across the country. It’s little surprise, then, that AI is changing the way commercial real estate professionals work,...

Omaha’s The Lund Company to split into Lund Living and Cushman & Wakefield/The Lund Company

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Omaha-based The Lund Company has entered into a strategic reorganization that will see its operations split into two entities: Lund Living and The Lund Company,...

Wednesday, Nov 13

20

Marcus & Millichap closes sale of 191-unit self-storage facility in Azle

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Marcus & Millichap brokered the sale of North Texas Star Storage in Azle, Texas. Brandon Karr and Danny Cunningham, investment specialist in Marcus & Millichap’s...

19

McIntosh Poris Architects named firm of the year by American Institute of Architects, Michigan

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McIntosh Poris Architects (MPA) was recently named the 2024 Firm of the Year by the American Institute of Architects, Michigan. With the Firm of the...

Lee & Associates closes 43,845-square-foot industrial lease in Itasca

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Lee & Associates closed a lease transaction for a 43,845-square-foot industrial building at 940-942 Thorndale Avenue in Itasca, Illinois. Jeff Janda, SIOR, principal at Lee & Associates’ Illinois office, represented the tenant, The...

18

Principle Construction completes first phase of renovation of office/warehouse space in Wheeling

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Principle Construction completed phase one of a renovation project for SMW Autoblok at its current location in Wheeling, Illinois. This initial phase prepares the facility...

17

Marcus & Millichap brokers sale of mixed-use asset in Dallas

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Marcus & Millichap closed the sale of 3203 McKinney Ave, a 13,265-square-foot mixed-use asset in Uptown Dallas, Texas. Joe Santelli, an urban property investment specialist...

16

Transwestern Real Estate Services signs five leases at Plano medical center

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Transwestern Real Estate Services (TRS) and US REO Fund announced the signing of five new medical leases at Prestonwood Medical Center at 7000 W. Plano Parkway in Plano, Texas....

Groundbreaking held for Ironhead Commerce Center in Northlake

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The groundbreaking of Ironhead Commerce Center marks the beginning of a significant industrial development in the rapidly expanding Alliance submarket. Strategically located at the intersection...

13

A slowdown in renter demand? Multifamily market isn’t seeing that

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Monthly apartment rents might not be rising as quickly as they once were. But demand for apartment units remains strong across the United States, with...

Tuesday, Nov 12

20

Levenfeld Pearlstein adds partner to its Chicago real estate practice group

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The Chicago office of law firm Levenfeld Pearlstein has added Daniel Crowley to its real estate practice group. Crowley is a partner in the group....

19

Cushman & Wakefield to market industrial component of St. Louis’ Gateway South redevelopment

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Cushman & Wakefield announced that St. Louis-based Good Developments Group has selected the firm to market the industrial component of Gateway South, a $1.2 billion,...

Marcus & Millichap closes sale of 96-unit apartment property in St. Cloud

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Marcus & Millichap negotiated the sale of Sterling Heights, a 96-unit apartment property in St. Cloud, Minnesota. The property sold for $9 million, or $93,750...

18

Kraus-Anderson starts construction of Challey School of Music expansion in Fargo

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The Fargo, North Dakota, office of Kraus-Anderson has begun construction on NDSU’s Challey School of Music located on the university’s campus in Fargo. The expansion...

17

Forum Flats luxury multifamily development opens in Troy

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Douglas Capital Partners, Cypress Partners and Village Green celebrated the grand opening of Forum Flats, a luxury apartment complex in the heart of Troy, Michigan....

13

Brown Commercial Group closes pair of industrial transactions in Chicago market

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Brown Commercial Group negotiated two industrial transactions in the Chicago market totaling 50,726 square feet. Broker Matt Hanson represented JIE USA Inc. in more than...