Written by Piper Birks on May 8, 2011.
Renovation Systems has partnered with CommonBond Communities and over ten companies to complete the first Volunteer-Extreme Apartment Makeover at CommonBond’s Metro Apartments. The companies will transform an apartment community built nearly 20 years ago and serving individuals who live on very low incomes. A total of three apartments will be remodeled this weekend; one of the three apartments is currently occupied. More than 400 volunteer hours and $40,000 in services and products have been donated to make this makeover a success.
The event will take place on Sunday, May 15 from 2:30-3:30 p.m at 20 W. 9
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Written by Piper Birks on May 4, 2011.
Whole Foods has signed a lease for approximately 30,000 square feet of ground floor retail space at the southwest corner of 51st and Lake Park in Chicago’s Hyde Park neighborhood.
The project, designed by renowned architect Jeanne Gang of Studio Gang Architects, will have both retail and residential components. In addition to the Whole Foods grocery store, the development includes 20,000 square feet of ground floor retail space for small shops or restaurants. Another 30,000 square feet of commercial space will be available on the second floor as well.
“Whole Foods is a perfect fit for this eloquently designed development and will serve as a catalyst in attracting complimentary tenants for the remaining retail portion of the project.” states Doug Renner of Baum Realty Group, in a released statement.
Doug Renner and Steve Schwartz of Baum Realty Group, along with Bill Selonick of Newmark Knight Frank, represented the Landlord, Antheus Capital’s 1525 HP LLC. The Ten
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Written by Piper Birks on April 30, 2011.
We last chattered about this 2-bedroom at 2714 N. Lehmann in East Lincoln Park in January 2011.
At that time, it had just been reduced to $499,000, and was listed 18% under its 2006 purchase price.
See our prior chatter here.
Back in January, some of you thought it would sell in the $300,000s.
It’s a top floor unit with a private roof deck.
It also has upscale kitchen appliances, including Subzero, Wolf and Bosch.
Unit #3S, also on the market in the building, is under contract. It is listed at $475,000.
What will it take to finally sell this unit?
Rachel Hamilton Mann at Conlon still has the listing.
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Written by Piper Birks on April 29, 2011.
BGC Partners, Inc., one of the world’s leading voice and electronic brokers serving the global wholesale financial markets, today announced that it has entered into an agreement to acquire Newmark, the real estate advisory firm which operates as Newmark Knight Frank in the U.S. and which is associated with London-based Knight Frank, which has extensive offices throughout the rest of the world. The transaction, which encompasses approximately 425 Newmark brokers and includes Newmark’s New York business as well as a majority interest in over 25 other domestic offices and certain of its affiliates, will be immediately accretive to BGC.
Howard W. Lutnick, Chairman and CEO of BGC said in a released statement, “This is the beginning of a dramatic new footprint in commercial real estate by BGC, and the definitive starting point of BGC’s strategy to grow in this sector. In fina
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Written by Piper Birks on April 25, 2011.
Jones Lang LaSalle has announced that TCF Inventory Finance, Inc. — an indirect subsidiary of Wayzata, Minnesota-based TCF Financial Corporation, a bank holding company with $18.5 billion in total assets — will move its corporate headquarters to a 45,156-square-foot sublease space at the Schaumburg Corporate Center.
Jock Howland and Sean Reynolds of Jones Lang LaSalle completed the transaction on behalf of TCF Inventory Finance, which specializes in lending to the consumer electronics, household appliance, lawn and garden, powersports and specialty products industries.
The company, which is currently headquartered in a 24,600-square-foot space at 2300 Barrington Road in Hoffman Estates, will nearly double the size of its space in the move, which is scheduled for May. TCF
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