Chicago
Chicago-Area Hotel Changes Hands for $5M
Huff, Niehaus & Associates Inc. brokered the $4.5 million sale of the Best Western Plus La Porte Hotel and Conference Center, located within one hour of Chicago.
What’s Ahead for the Capital Markets in 2018
Lenders are showing no signs of slowing down in 2018 when it comes to commercial real estate. Matt Wurtzebach of Draper and Kramer Inc.’s Commercial Finance Group delves into what we can expect from the real estate capital markets this year.
Two Sign Leases at Chicago Trophy Tower
Andersen Tax took 26,000 square feet and will relocate from 222 W. Adams in May 2018, while JAMS will expand within the building by another 19,000 square feet.
JV Snags IL Office Park for $129M
Equity Office Properties Trust disposed of Central Park of Lisle I and II, an office campus in Lisle, Ill. HFF marketed the property on behalf of the seller and procured the buyer.
T5 Adds Second Tenant to Chicago Facility
Two tenants have already occupied a major portion of the upcoming data hall expansion. The Chicago metro features low data center vacancy rates, while more enterprises seek to migrate IT operations to specialized, purpose-built facilities.
Equity Office Offloads Suburban Chicago Asset for $47M
The recently renovated five-story office building features 275,000 square feet of space and serves as the corporate headquarters for Essendant.
Avison Young Chicago Hires 2 New Principals
Chris Lydon and Chris Tecu will work as a team focusing on industrial brokerage services and will be based in the firm’s office in Rosemont, Ill.
Construction Manager Selected for Obama Center
Lakeside Alliance is a joint venture consisting of Turner Construction Co., Powers & Sons Construction, UJAMAA Construction, Brown & Momen and Safeway Construction.
Upgraded IL Country Inn & Suites Opens Doors
The 119-key hotel is located in Hoffman Estates, near Chicago O’Hare International Airport and Sears Centre Arena. Its guest rooms, business center, fitness center, lobby and exterior were renovated.
Electrolux Renews IL Warehouse Lease
The global appliance leader renewed its lease with Duke Realty for the 965,183-square-foot Midpoint Distribution 801, located in Minooka, Ill.