News Brief

P.A. Commercial closes 10,000-square-foot office lease during Michigan’s stay-at-home order

P.A. Commercial negotiated the lease renewal of 10,000 square feet of office space to FedEx Corporation within Westwood Office Park at 36121 Schoolcraft Road in…

Construction complete on Hyatt Place Chicago – Wicker Park hotel and rooftop bar

Construction has finished at Hyatt Place Chicago – Wicker Park, a 99-room hotel in Chicago’s lively Wicker Park neighborhood. The eight-story hotel, located at the…

Greystone closes $27.6 million acquisition loan for Northwest Indiana apartment community

Greystone has provided a $27.6 million Freddie Mac loan for the acquisition of a multifamily property in Hammond, Indiana. The transaction was originated by Dan…

Kinzie Builders completes two luxury rental developments in Chicago suburbs

Kinzie Builders completed construction on two suburban Chicago luxury rentals projects—444 Social, a new 302-unit development in Lincolnshire, Illinois, and Marq on Main, a new…

Dougherty closes $20 million refinance loan for 100-unit apartment property in Minnesota

Dougherty Mortgage recently closed a $20.7 million HUD 221 (d)(4) loan for the refinancing and rehabilitation of Oak Park Village, a 100-unit affordable multifamily property…

AIA sells West Loop apartment building

Apartment Investment Advisers (AIA) recently closed the sale of an apartment building in the West Loop neighborhood of Chicago. The 18-unit building, located at 25…

Chicago-based real estate firm donating administrative fees to COVID-19 relief

To support communities under duress during this time, Chicago-based private equity real estate firm, Origin Investments, is donating 100 percent of its administrative fees through…

Lee & Associates of Illinois negotiates two O’Hare-area transactions

Lee & Associates has closed two industrial transactions in the O’Hare market. Nearly 40,000 square feet combined, the two deals involved properties in Schiller Park…

Stahl to build pair of school additions in Iowa

In anticipation of increased class sizes at the secondary level, Ankeny Community School District in Ankeny, Iowa, hired Stahl to build two additions, one at…

CBRE completes $13.3M sale of 90-unit condo deconversion in Chicago

CBRE has completed the condo deconversion sale of Shore Manor, a 90-unit condo property at 5858 N. Sheridan in Chicago. Becovic Management Group, LLC, a…

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