Real Estate

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 31-unit apartment building at 4915 S. Drexel Boulevard. in the city’s Kenwood neighborhood. Interra Senior Managing Partner Brad Feldman represented both the seller, a confidential local operator, and the buyer, a local...

NORTH CENTER — Two apartment buildings that will reshape a busy North Center intersection have been approved by City Council. The buildings will be at 3959 N. Lincoln Ave. and 3950 N. Damen Ave. at two sites owned by Fifth Third Bank on the southern end of the Damen/Lincoln/Irving Park intersection.

LINCOLN PARK — A seven-story, 66-unit apartment complex will soon be built at the former Dunlay’s site at Clark Street and Wrightwood Avenue in Lincoln Park. The City Council approved the rezoning of 2600 N. Clark St. at its meeting Wednesday. The 80-foot building will include 66 apartments — 32 studio apartments, 32 one-bedroom apartments and two two-bedroom apartments — as well as retail on the ground floor.

Colliers‘ Chris Irwin recently represented a private real estate investor in the sale of a 3,400-square-foot commercial condo at 3718-20 Southport in Chicago to JB Realty. The retail storefront is currently leased to Massage Envy. Located in Chicago’s Lakeview neighborhood, the Southport Corridor is just four miles to the...

What if you were being assessed for the wrong home and being told it had more square footage than it actually does? One woman, and local Barrington Township officials, say the Cook County Assessor's Office made the square footage error costing the homeowner thousands of dollars in extra taxes.Soon after moving into her new South Barrington gated community in 2017, Sherry Schnell realized that homes the same model and about the same size as hers had lower assessments and that even some larger homes have lower assessments."In talking to my neighbors, I found out I was paying more," she...

CHICAGO--(BUSINESS WIRE)--Oct 10, 2024-- To grow the diverse real estate developer talent pipeline in Illinois and Wisconsin, the Federal Home Loan Bank of Chicago (FHLBank Chicago) has awarded over $3 million through its 2024 Community First ® Diverse Developer Initiative to support 62 fellowships and internships across 14 organizations. This funding brings FHLBank Chicago’s overall commitment for the three-year program to $6.4 million to support new talent in affordable housing who provide essential community knowledge and valued perspectives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241010374651/en/ Cedric D. Thurman, EVP, Chief Diversity Officer at FHLBank Chicago (left), and Katie Naftzger, SVP, Community Investment Officer at FHLBank Chicago (right), present Julian Walters, President of Eminent Development Corporation (center), with a check at the Diverse Developer Initiative Awards Reception in Chicago. (Photo: Business Wire)

Vacant village-owned land at 1301-31 Roosevelt Rd. in Broadview could become home to a 36-unit, mixed-income, mixed-use development. | Google Earth. Tuesday, October 8, 2024 || By Michael Romain || michael@wearejohnwilk.com. At a regular meeting on Oct. 7, the Broadview village board voted unanimously to grant a special use permit...

Essex Realty Group, a Chicago-based commercial real estate brokerage firm, promoted Mariano Mollo to director. Mollo joined Essex in 2022 as an Associate after completing a summer internship with the Essex Suburban Team in 2021. He works alongside Brian Karmowski, Anthony Citriglia, Karla Galva, Jimmy Donahue, and William Crossen and has facilitated over $22 Million in transactions across 209 units throughout Chicago’s suburban markets.

Barrington, Palatine, and Worth Township Homeowners Can Now Appeal Their Property Value Assessments with the Cook County Board of Review Through November 8th (Chicago, IL) – Homeowners in Barrington, Palatine, and Worth Townships have until November 8th to appeal their property’s assessed value to the Cook County Board of Review. Submitting an appeal with the Board of Review is a free service and can potentially lower homeowners’ property tax bills. Last year, 62% of homeowners who filed directly to the Board of Review had their property tax bill reduced.

Greystone has provided an $18,220,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for the acquisition of a 139-unit multifamily property Cornelia-Stratford in Chicago, Illinois. The financing was originated by Clint Darby and Andrew Remenschneider of Greystone. Originally constructed in 1927, Cornelia-Stratford in Cook County is a mid-rise apartment...

Harrison Street has closed its ninth U.S. opportunistic real estate fund, Harrison Street Real Estate Partners IX LP, securing approximately $2.5 billion in equity. Existing investors accounted for nearly 60% of the fund’s capital, and with over $7 billion in buying power, it will leverage the firm’s experience in alternative real estate. To date, Fund IX has allocated close to 70% of its equity across 70 assets spanning alternative sectors, with the largest concentrations in student housing, senior housing, and data centers.

Hernandez Development and XSITE Real Estate have announced the site plan approval from the Planning and Zoning Department of DuPage County for a self-storage facility and mixed-use development situated in Naperville, Illinois. Upon completion, the project will feature a Class A climate-controlled self-storage facility, a one-story Little Sunshine Playhouse &...

As senior associate at the Chicago office of Bradford Allen, Katrina Dougherty regularly takes on a variety of tasks, including tracking tenants in the market, collaborating on promotional materials, assisting with showings, handling broker outreach and planning and organizing broker events. Dougherty, then, has become a key player at Bradford...