Chicago
Zurich North America to Acquire Land from Motorola Solutions and Develop New Headquarters in Schaumburg
Zurich North America recently announced it has signed a letter of intent with Motorola Solutions to acquire land for a new North American headquarters in Schaumburg.
The Dump Furniture Store Opens in Lombard; Joint Venture to Develop Evergreen Promenade Shopping Center
One of the largest furniture outlets in the country, The Dump, has recently officially opened its new location in Lombard, Illinois. Featuring a staggering 134,000 square feet, The Dump is now the largest high-end furniture outlet in the Chicago marketplace. The opening of the Lombard outlet confirms the company’s continuous expansion as it becomes the 11th location for The Dump Furniture Store, a division of Virginia Beach-based Haynes Furniture.
AFL-CIO Housing Investment Trust Provides Funding for $32 Million Rehabilitation of 2101 South Michigan Apartments
The AFL-CIO Housing Investment Trust has recently announced that, after working closely with PNC Real Estate and Developers Mortgage Corporation, it has provided $32 million of pension capital funding towards the major rehabilitation of Chicago’s 2101 South Michigan Apartments.
Ethika Investments Allocates Capital for Laurus Corporation’s Acquisition of the Renaissance O’Hare Hotel
Ethika Investments LLC, has recently announced a capital allocation for the purchase of the Renaissance O’Hare Hotel in Chicago, Illinois, marking the sixth investment from Ethika’s Diversified Opportunity Real Estate Fund. Laurus Corporation, Ehika’s affiliate, a real estate investment and development company specializing in hotel and resorts, office buildings and mixed-use properties, recently completed the acquisition of the hotel.
Harbor Group Sells Chicago Office Tower to Beacon for $113M
An affiliate of Harbor Group International has completed the sale, for $113 million, of 300 South Wacker Drive, a 35-story, 512,400-square-foot office building in downtown Chicago.
Joint Venture Acquires 300,000 SF Suburban Chicago Office Park
Transwestern Investment Group recently announced it has acquired two Class A office buildings in the East-West Corridor office market outside Chicago. The properties were acquired by a joint venture between Transwestern Sponsorship Equity Partners and Soundview Real Estate Partners for an undisclosed amount.
Tishman Speyer Grabs Iconic Chicago Tower
Global real estate owner, operator and developer Tishman Speyer now has 10 Chicago properties in its portfolio after closing on the acquisition of 190 South LaSalle, a Class A building in the city’s Central Loop, from CBRE Global Investors for a reported $211 million.
The Opus Group Announces Electrolux Expands Minooka Operations
Chicago-based The Opus Group recently announced that Electrolux Home Products Inc. will expand its existing operations in Minooka, Illinois by occupying the remaining vacant space within the Minooka Ridge II facility.
Chicago’s New Outlet Mall Setting a Trend
Developed by AWE Talisman and Macerich, the $250 million, 530,000-square-foot, two-level center is anchored by Bloomingdale’s The Outlet Store, Last Call by Neiman Marcus, Saks Fifth Avenue OFF 5th and Forever 21.
Fashion Outlets of Chicago is a Luxury Destination for Locals and O’Hare Travelers
The grand opening of the first fully-enclosed outlet mall in Chicagoland in over two decades has been announced. Fashion Outlets of Chicago’s grand opening is scheduled for August 1.