ROSEMONT, IL-The loan from GMAC Commercial Mortgage Corp. helps Los Angeles-based Lowe Enterprises recoup its costs of acquiring the 369-room hotel at 5460 N. River Rd.
CHICAGO-The multifamily REIT sold 978 units as condominiums last year for a net gain of $28 million, doubling that piece of the business from 2003. It expects to double it again this year, aiming to sell 1,850 units for a $50-million boost to the bottom line.
CAROL STREAM, IL-The designer and manufacturer of point-of-purchase displays is working out of 113,000 sf in Bensenville but will have more than 120,000 sf of warehouse and 33,000 sf of office space at 815 Kimberly Dr.
CHICAGO-Duff & Phelps, LLC renews its lease on the 41st and 42nd floors at 311 S. Wacker Dr. for 37,492 sf while Attorneys' Liability Assurance Society signs a 31,000-sf renewal at the building.
OAK BROOK, IL-The Tinley Park-based private real estate development company pays $88 per sf for the property near Oak Brook Mall. Massachusetts Mutual Life owned the building for eight years.
ROLLING MEADOWS, IL-The Ameriquest Capital Corp. subsidiary now has 221,704 sf at Prime Group Realty Trust's three-building asset along the Northwest Tollway, which recently won "the Office Building of the Year" honors from the Building Owners and Managers Association of Suburban Chicago.
DOWNERS GROVE, IL-Renowned architect Helmut Jahn is designing the 470,000-sf, two-building asset on Finley Road, overlooking the 1,700-acre Morton Arboretum as well as I-88 and I-355. The design aims to achieve Leadership in Energy and Environmental Design certification.
DOWNERS GROVE, IL-Renowned architect Helmut Jahn is designing the 470,000-sf, two-building asset on Finley Road, overlooking the 1,700-acre Morton Arboretum as well as I-88 and I-355. The design aims to achieve Leadership in Energy and Environmental Design certification.
CAROL STREAM, IL-Denver-based Dividend Capital Trust buys the 439,421-sf distribution center at 250 S. Gary Ave., leased last year to Wickes Furniture Co., its second property in the market.
CHICAGO-The median sales price per unit rises to $70,000 for multifamily properties, according to Marcus & Millichap's annual apartment report, but cash flow is expected to become a bigger factor in 2005.