Chicago
KBS REIT III Acquires 500 West Madison and Names Transwestern Exclusive Leasing & Management Agent
Transwestern recently announced it has been named the exclusive leasing agent and property manager for Citigroup Center. Located at 500 West Madison Street in downtown Chicago, the 1.5 million-square-foot Class A mixed-use tower was purchased by KBS Real Estate Investment Trust III for around $425 million plus closing costs.
KBS REIT III Closes Chicago’s 500 West Madison for $425M
KBS REIT III has acquired 500 West Madison, also referred to as Citigroup Center, an iconic, 1.5 million-square-foot mixed-use tower in Chicago, for $425 million plus closing costs.
Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings
Liberty Property Trust recently announced it has renewed leases with five tenants, totaling 277,495 square feet of industrial space.
Zurich North America Reveals Team to Develop and Design New North American Headquarters in Schaumburg
By Gabriel Circiog, Associate Editor Zurich North America recently announced it has entered into agreements with Clayco, Goettsch Partners and CannonDesign for the development and design of their North American headquarters in Schaumburg. “We want our new, state-of-the-art campus in Schaumburg to be a source of pride for both the community and our employees,” says […]
Ivanhoé Cambridge Adds 1.4 MSF of Office Space to West Loop Portfolio
Ivanhoé Cambridge recently announced that it has expanded its Chicago office portfolio by acquiring twin office buildings 10 and 120 South Riverside Plaza, in partnership with Callahan Capital Properties.
Ivanhoé Cambridge Grabs Premier 1.4 MSF Office Property for $360M
In a partnership with Callahan Capital Properties, Ivanhoé Cambridge acquired 10 and 120 South Riverside Plaza, twin 21-story office towers located smack dab in the Windy City’s central business district, from TIER REIT for $360 million.
Brennan Investment Group and DLJ Real Estate Capital Partners Announce Industrial Development Project
Brennan Investment Group LLC and DLJ Real Estate Capital Partners LLC recently announced the acquisition of around 8 acres of land in Des Plaines, Illinois.
The Opus Group and USAA Real Estate Co. Start Construction on 604,565 SF Speculative Industrial Building
The Opus Group and USAA Real Estate Company recently held a ceremonial groundbreaking ceremony and announced the start of construction on a new 604,565-square-foot speculative industrial building in North Aurora, Illinois.
ULI Special Report: Changing Cities
The world is shrinking, sharply defining where people will live, work and play: Those were the opening remarks at the ULI Fall Meeting in Chicago yesterday.
Investcorp Acquires Office, Retail Assets Worth $250M
Investcorp, a global provider and manager of alternative investment products, continues an active year with the acquisition of office and retail assets in the greater Chicago, Los Angeles, Minneapolis and New York areas valued at $250 million.