Traded: Chicago

SALE Learn More: https://lnkd.in/ebqzxtR6 IMAGE: John Homsher, CCIM, Tom Wilson & Alissa Adler DATE: 08/30/2024 ADDRESS: 29 North Wacker Drive MARKET: Chicago ASSET TYPE: Office BUYER: Sanjay Gandhi SELLER: Tom Wilson - Allstate Corporation BROKERS: Alissa Adler & John Homsher - Colliers SALE PRICE: $11,000,000 SF: 133,600 ~ PPSF: $82 NOTE: Allstate sold its Loop office building at 29 North Wacker Drive for $11 million, a 63% loss from its 2022 purchase price. The sale highlights the ongoing struggles in Chicago's office market, where vacancies are rising and properties are offloading at steep discounts. #Chicago #RealEstate #TradedChicago #Office #AlissaAdler #JohnHomsher #Colliers #TomWilson #AllstateCorporation #SanjayGandhi

SALE Learn More: https://lnkd.in/e-E4fitp IMAGE: Bentley Smith, Ryan Bain, Rishi Kapoor, Zach Graham, Michael W. Brennan, Michael Caprile, Judd Welliver, Joe Horrigan & Victoria Gomez DATE: 08/30/2024 ADDRESS: Industrial Portfolio MARKET: Lombard ASSET TYPE: Industrial BUYER: Michael W. Brennan - Brennan Investment Group SELLER: Rishi Kapoor - Investcorp BROKERS: Bentley Smith, Joseph Horrigan, Judd Welliver, Michael Caprile, Ryan Bain, Victoria Gomez & Zachary Graham - CBRE LENDER: CIBC SALE PRICE: $76,000,000 SF: 740,000 ~ PPSF: $103 NOTE: Brennan Investment Group bought Investcorp’s 17-building Lombard industrial portfolio for $76 million, backed by a $55 million CIBC loan. Despite a surge in new industrial inventory, the 740,000-square-foot Yorkbrook Business Park, 93% leased, attracted interest due to its strong fundamentals in manufacturing, shipping, and warehousing. #Chicago #RealEstate #TradedChicago #Lombard #Industrial #BentleySmith #JosephHorrigan #JuddWelliver #MichaelCaprile #RyanBain #VictoriaGomez #ZacharyGraham #CBRE #RishiKapoor #Investcorp #MichaelWBrennan #BrennanInvestmentGroup #CanadianImperialBankofCommerce #CIBC

SALE Learn More: https://lnkd.in/eySSEhuG IMAGE: Christopher Stone & Matt Lind DATE: 08/16/2024 ADDRESS: 1408 West Belmont Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Christopher Stone - eXp Realty SELLER'S REP: Matthew Lind - Compass SALE PRICE: $1,490,000 UNITS: 3 ~ PPU: $496,667 NOTE: A $1.49 million sale closed for three residential condo units at 1408 West Belmont Avenue in Chicago, with Christopher Stone of EXP Realty representing the buyer and Matthew Lind of Compass representing the seller.The fully leased investment property, generating $112K annually in rental income, offers potential for redevelopment with parking space and is located in the sought-after Southport Corridor. #Chicago #RealEstate #TradedChicago #Multifamily #ChristopherStone #EXPRealty #MatthewLind #Compass

SALE Learn More: https://lnkd.in/eskQiPiN IMAGE: Kerry Wood & Jena Radnay DATE: 08/28/2024 ADDRESS: 660 Prospect Avenue MARKET: Winnetka ASSET TYPE: Single Family SELLER: Sarah Wood & Kerry Wood BROKER: Jena Radnay - @properties SALE PRICE: $8,500,000 SF: 7,798 ~ PPSF: $1,090 NOTE: Retired Chicago Cubs pitcher Kerry Wood and his wife, Sarah, sold their Georgian Revival-style mansion in Winnetka for $8.5 million, marking the highest sale price in the suburb this year.Jena Radnay of @properties Christie’s International Real Estate represented the sellers in the transaction, which involved a significantly renovated 7,798-square-foot home on a 0.71-acre lot. #Chicago #RealEstate #TradedChicago #Winnetka #SingleFamily #JenaRadnay #SarahWood #KerryWood #AtProperties #ChristiesInternationalRealEstate

SALE Learn More: https://lnkd.in/eFk5FBVG IMAGE: Greg Fowler & Rick Wise DATE: 08/29/2024 ADDRESS: 1245 Fordham Drive MARKET: Glendale Heights ASSET TYPE: Multifamily BUYER: Rick Wise - Oak Residential Partners, LLC SELLER: Greg Fowler - FPA Multifamily LENDER: Walker & Dunlop SALE PRICE: $53,000,000 UNITS: 296 ~ PPU: $179,054 NOTE: Rick Wise’s Oak Residential bought The Mark in Glendale Heights from FPA Multifamily for $53 million, using a $38.3 million loan from Walker & Dunlop, equating to $179,000 per unit.This acquisition highlights FPA’s recent strategy of selling smaller properties amid a strong suburban Chicago rental market, where rents have risen 4% year-over-year and supply is tight. #Chicago #RealEstate #TradedChicago #GlendaleHeights #Multifamily #GregFowler #FPAMultifamily #RickWise #OakResidential #WalkerandDunlop

SALE Learn More: https://lnkd.in/eUtuH5ku IMAGE: John Nugent & Adam McGaughy DATE: 08/29/2024 ADDRESS: 601 North Milwaukee Avenue - Westin Chicago North Shore MARKET: Wheeling ASSET TYPE: Hotel BUYER: Ketu Amin - Vinakom SELLER: AVR Realty BROKERS: Adam McGaughy & John Nugent - JLL LENDER: Reinsurance Group of America SALE PRICE: $34,000,000 KEYS: 412 ~ PPK: $82,524 NOTE: Ketu Amin’s venture acquired the 412-room Westin Chicago North Shore in Wheeling for $34 million, or $83,000 per room, financing the deal with a $24.5 million loan from Reinsurance Group of America.The purchase is 34% below the hotel’s 2013 value and highlights broader declines in commercial property values due to interest rate hikes and reduced business travel. #Chicago #RealEstate #TradedChicago #Wheeling #Hotel #AdamMcGaughy #JLL #JohnNugent #AVRRealty #KetuAmin #VinaKom #ReinsuranceGroupofAmerica

SALE Learn More: https://lnkd.in/e-F-mwgp IMAGE: Christine Coleman & Mark Coleman DATE: 08/27/2024 ADDRESS: 000 Huntley Road MARKET: West Dundee ASSET TYPE: Land ~ ACRES: 19.3 BROKERS: Christine Coleman & Mark Coleman - Coleman Land Company SALE PRICE: $2,007,255 NOTE: A 19.3-acre development site near Springhill Mall in West Dundee sold for $2 million, with zoning being changed from commercial to multi-family to support potential residential or senior housing projects. The site, adjacent to a large park, benefits from inclusion in an updated TIF district, enhancing infrastructure investment opportunities. #Chicago #RealEstate #TradedChicago #WestDundee #Land #MarkColeman #ColemanLandCompany #ChristineColeman

SALE Learn More: https://lnkd.in/eaFdTp2S IMAGE: Elise Rinaldi & Susan Maman DATE: 08/23/2024 ADDRESS: 1133 Mayfair Lane MARKET: Glencoe ASSET TYPE: Land ~ ACRES: 0.54 BROKERS: Elise Rinaldi & Susan Maman - @properties SALE PRICE: $1,349,500 NOTE: A 0.54-acre lot in Glencoe sold for $1.35 million, offering a prime location with 117 feet of frontage and walking distance to key amenities like schools, golf, and nature trails. The site allows for a 6,487 square foot build, per village regulations. #Chicago #RealEstate #TradedChicago #Glencoe #Land #EliseRinaldi #AtProperties #ChristiesInternationalRealEstate #SusanMaman

SALE Learn More: https://lnkd.in/e_VJhGKh IMAGE: Michael Reschke DATE: 08/28/2024 ADDRESS: 35 East Wacker Place MARKET: Chicago ASSET TYPE: Office BUYER: Michael W. Reschke - The Prime Group; CRG SALE PRICE: $36,000,000 NOTE: Chicago developers Prime Group and CRG, led by Michael W. Reschke, acquired the historic Jewelers Building at 35 East Wacker Place for $36 million. The transaction involves the purchase of the office property in a joint venture. #Chicago #RealEstate #TradedChicago #Office #MichaelWReschke #ThePrimeGroup #CRG

LOAN Learn More: https://lnkd.in/ejyJewF8 IMAGE: Jack Goldenberg DATE: 08/28/2024 MARKET: Grand Rapids ASSET TYPE: Multifamily ~ UNITS: 207 ~ SF: 171,393 LENDER: Jack Goldenberg - Capital One LOAN AMOUNT: $13,678,000 LOAN TYPE: Refinance LOAN TERMS: Fannie Mae, 5 Years, Full Term IO, 4.93%, Non-Recourse #Chicago #RealEstate #TradedChicago #TradedPartner #GrandRapids #Michigan #Multifamily #JackGoldenberg #CapitalOne