Chicago
Ridge Acquires 11 Acres in Chicago for Spec Industrial Project
The company will break ground on the 178,516-square-foot O’Hare Gateway Logistics Center in mid-2018, with a scheduled delivery for the end of the year.
Majestic Signs 1st Tenant for WI Development
CTDI will move into more than 160,000 square feet of the distribution center, which opened in late 2016. The firm plans to hire 150 new employees in the space.
HFF Arranges $39M Loan for Chicago Hotel
The company represented the borrower, an affiliate of Arbor Lodging Partners, for the acquisition of a 398-key hotel in the Schaumburg suburb of Chicago.
Hyatt Hotels Appoints CCO
Mark Vondrasek joined the company in September 2017 as executive vice president, having previously served Starwood for almost 15 years.
Lendlease Chicago Office Awarded Several Green Certifications
The company’s new location landed LEED Silver certification under USGBC’s LEED v4, and became the first 3 Star Fitwel-certified building in the city.
JV Secures $30M for Chicago Mixed-Use Project
Pangea Mortgage Capital and T2 Capital Management worked on behalf of UrbanStreet Group and VennPoint Real Estate to arrange financing for the 225-acre master-planned development at the Motorola Solutions former campus.
Two Equity Commonwealth Office Assets Fetch $670M
In separate deals, the company has closed on the disposition of both 600 W. Chicago Ave. in Chicago and 1600 Market St. in Philadelphia.
Sterling Bay Buys Chicago Office Tower for $510M
In its largest purchase ever, the REIT snapped up the 1.6 million-square-foot 600 W. Chicago Ave., home to Groupon’s headquarters, from Equity Commonwealth.
Top 8 Chicago Office Completions in 2017
Within the past year, the city welcomed several adaptive-reuse projects as well as two new office towers in its effort to adapt to the growing number of businesses relocating to core areas.
Duke Realty Inks 166 KSF at Chicago Industrial Asset
Acer Service Corp. signed a lease to occupy 55 percent of Lockport 16508, a 300,494-square-foot warehouse the company acquired as part of a three-property portfolio deal last year.