Downers Grove

Sevan names Paul Evans as new chief financial officer

Sevan Multi-Site Solutions, Inc.—a Downers Grove, Illinois-based leader in innovative design, program management, construction services and data analytics—has named Paul Evans as the company’s chief…

Downers Grove asset seeks $8.5 million buyer

East Village Apartments, located at 717 Rogers Avenue in Downers Grove, Illinois, has been listed for sale by Chicago-based multifamily brokerage firm, Kiser Group. The…

MidwestHealthcare

HSA PrimeCare completes sale of four-building, 107,828-SF Midwest MOB portfolio to IRA Capital

HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, finalized the sale of four medical office buildings in Illinois and…

Turning toward the fight: Industrial facilities join the battle against COVID-19

Overcoming a global pandemic—as we are all now learning—really is akin to fighting a war. Just as during wartime, supply chains are paramount to the…

Matthew Hendy joins InvenTrust as senior vice president of operations

Downers Grove, Illinois-based InvenTrust Properties Corp. announced that Matthew Hendy has been appointed to the position of senior vice president of operations. He will oversee…

InvenTrust appoints Mike Phillips to senior vice president and chief accounting officer

InvenTrust Properties Corp announced that Mike Phillips, CPA, has been appointed senior vice president and chief accounting officer, effective April 10, 2020. Phillips will maintain…

InvenTrust promotes Christy David to chief investment officer

InvenTrust Properties Corp., a retail REIT based in Downers Grove, IIIinois, announced that Christy David, executive vice president, general counsel and corporate secretary has been…

For the East-West corridor, vacancy is an opportunity not a liability

Between the 3rd and 4th quarters of 2019, per NAI Hiffman data, Chicago's overall suburban vacancy rate rose slightly—up 13 basis points to 18.68 percent.…

Libertyville building addition nets lease expansion for Midwest Industrial Funds

Midwest Industrial Funds recently completed a 118,000-square-foot lease extension and building expansion at 1200 Technology, Libertyville, Illinois. The existing 84,000-square-foot building and a new 34,000-square-foot…

JLL closes $128.5M sale of trophy office tower in Downers Grove, Illinois

JLL closed the $128.5 million sale of 3500 Lacey Road, a Class A trophy office tower totaling 583,982 square feet in the Chicago-area community of…