Chicago
IL Dual-Tenant Retail Asset Changes Hands
President Chad Firsel from Quantum Real Estate Advisors represented both parties in the $2.7 million transaction. The property last traded almost a decade ago.
Premier Design + Build Makes Key Promotion, Hires SVP
The company promoted Mark Melone to executive vice president & director of construction nationwide and Michael Long to senior vice president heading the Midwest division.
Dermody Properties Announces Top-Level Promotion
Former Chief Acquisition Officer Tim Walsh was promoted to chief investment officer, a position from which he will oversee the company’s origination activities.
MOB Portfolios Change Hands for $90M
In three separate deals, CBRE has facilitated the sale of 23 medical office buildings, 13 of which are situated in the Chicago area.
Marcus & Millichap Brokers Sale of IL Hotel
The buyer took out an $8.5 million loan from Citizens Community Federal to finance the acquisition of the 117-key Hampton Inn and plans to upgrade the property.
Howard Hughes Corp. Lands Law Firm for Chicago Trophy Tower
Morgan Lewis & Bockius leased three floors at 110 North Wacker Drive, a 1.5 million-square-foot West Loop project scheduled for completion in 2020.
Old World Industries Leases 354 KSF Warehouse in Chicago Suburb
Duke Realty signed up the maker of PEAK motor oil for a 354,400-square-foot lease at the facility in Bolingbrook, Ill.
Transwestern Sells 2 Lake County Logistics Buildings
Transwestern Investment Group sold the portfolio on behalf of the Diversified International Partners Fund. The warehouse and manufacturing facilities in the suburbs of Chicago total more than 100,000 square feet.
Fern Hill Buys Downtown Chicago Museum Building
The $6 million transaction included the third and fourth floors of the Museum of Broadcast Communications building, totaling 27,500 square feet.
Somerset Buys Former Chicago-Area AT&T Campus
Together with partner Triangle Capital Group, the company will transform the 150-acre property in Hoffman Estates into a self-contained urban core following its unique ‘Metroburb’ concept.