Chicago
Canyon Capital Realty Expands Portfolio with the Purchase of Two Apartment Communities in Suburban Chicago
Canyon Capital Realty Advisors, the real estate direct investing arm of Canyon Partners, LLC, a Los Angeles-based investment and management company with roughly $24 billion in assets, recently announced the purchase of two suburban Chicago-area apartment communities, the Preserve at Carol Stream and Eagle Creek in Westmont, IL.
90 North Completes Purchase of The Reserve at Deer Park Office Building in Chicago
London-based 90 North Real Estate Partners recently announced it has arranged the sale of The Reserve at Deer Park, a 351,425-square-foot, Class A office building in suburban Chicago, RealEstateJournals.com reports.
Chicago Spire Project Dead, Site Deed Goes to Related Midwest
The site of the former Chicago Spire supertall skyscraper is now in the hands of developer Related Cos., after investor Atlas Apartment Holdings, LLC failed to make a $22 million payment to the creditors by October 31st.
Oxford Capital, Quadrum Global JV Acquires Chicago’s Historic Essex Inn on Michigan Avenue
A joint venture between Quadrum Global and Chicago-based Oxford Capital Group, L.L.C. recently announced the acquisition of the historic Essex Inn at 800 S. Michigan Ave. in Chicago’s Historic Michigan Boulevard District.
CIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago
Los Angeles-based developer CIM Group recently broke ground on a 34-story, 690-unit residential tower at Block Thirty Seven, the largest apartment project in Chicago’s Loop neighborhood in decades.
Amazon to Invest $75M in First Illinois Facility
Amazon.com, Inc., together with Illinois state officials, recently revealed plans to develop the company’s first facility in The Prairie State.
Focal Point Plans Expansion at Chicago Production Center
Architectural lighting manufacturer Focal Point is planning to expand its headquarters at 4141 S. Pulaski Road in Chicago’s Southwest Side.
Radisson Hotel Schaumburg to Open in Suburban Chicago in 2015
Radisson, a subsidiary of the Carlson Rezidor Hotel Group, recently announced the signing of the Radisson Hotel Schaumburg, a 137-room hotel to open in 2015 in Schaumburg, Ill.
Wood Partners and Golub & Co. Break Ground on Lake+Forest Apartment Community in Oak Park, IL
A joint partnership between Wood Partners, LLC and Chicago-based Golub & Company recently broke ground on a 1.6-acre, 270-unit luxury rental community in Oak Park, Ill.
Braintree Opens New Office at Chicago’s Merchandise Mart
Braintree, a fast-growing global payments platform and subsidiary of eBay, Inc. recently celebrated the opening of a new office on the eighth floor of the Merchandise Mart building.