Chicago
Macerich Snags $86M for Chicago Office Asset
Located at 500 N. Michigan Ave., the 326,000-square-foot tower features 24 floors and last underwent cosmetic renovations in 2009. The property is situated adjacent to Macerich’s The Shops at North Bridge.
Millennium Properties Arranges IL Warehouse Transaction
The 30,000-square-foot multi-tenant property is part of a business park located in Wheeling, Ill. It consists of 10 units and is fully leased.
Premier Delivers Chicago Industrial Property
The 40,750-square-foot distribution facility is located in the Portage Park neighborhood and was built on behalf of Dayton Street Partners/WBS Equities.
JV Obtains $15M Loan for Suburban Chicago Acquisition
The office building is located in Lombard, Ill., near several interstates. The new owners plan on upgrading the property’s amenities and bring lease rates to the current market value.
CBRE Arranges IL Country Inn Hotel Deal
The asset is located along Interstate 88 in Naperville, Ill., and offers convenient access to one of the largest office concentrations outside Chicago.
Mixed-Use Center Sells for $13M in Chicago Suburbs
Marcus & Millichap brokered the sale of Metropolitan Square, a grocery-anchored lifestyle center, in Des Plaines, Ill. The firm represented the seller and procured the buyer.
Hines JV Plans 270 KSF Timber Office Project in Chicago
The company has teamed up with Diversified Real Estate Capital and Big Bay Realty to build T3 Goose Island, the city’s first wood-structured office development since the 1800s.
Cushman & Wakefield Names CIO
Holding degrees from Northwestern University and Cornell, Melanie Kirkwood Ruiz has previously worked for Scientific Games, United Airlines, Abbott and Johnson & Johnson.
CBRE Puts Chicago Retail Property on the Market
Elston Logan Plaza is fully leased to XSport Fitness, Panera Bread and Mattress Firm. CBRE Vice President Keely Polczynski will be in charge of listing the property.
Irvine Opens New Chicago Office, Makes Promotion
Beau Rawi, promoted to regional vice president of leasing, together with the company’s Executive Vice President Pamela Van Nort, will lead the team working from the new regional office.