One Two Pru, a two-tower office and retail complex in Chicago’s East Loop, has been renewed for its WELL Health-Safety Rating by the International Well Building Institute and, for the second consecutive year, has achieved RESET Air Certification for Core and Shell. When One Two Pru first achieved RESET Air Certification in 2021, it became ...
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]]>Mortgage industry veteran Matt Rohl has joined Downers Grove, IL-based Draper and Kramer Mortgage Corp. as SVP of Community Reinvestment Act (CRA) development and emerging markets. He’ll focus on increasing the company’s lending services within low-to-moderate income and majority-minority areas across the nation and upholding the lender’s obligations under the CRA. “I’m excited to be ...
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]]>Long Island-based Allied Development has acquired Marshfield Plaza, a 259,400-square-foot shopping center in Morgan Park on Chicago’s South Side, from PGIM Real Estate, reported Crain’s Chicago Business. The property, for which Allied paid $30.2 million, is the buyer’s first in the Chicago area. The shopping center, which opened in 2010, is currently 94.1% leased. A ...
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]]>Walker & Dunlop, Inc. has expanded its HUD production team in Chicago with the addition of Brett Murphy. He’ll be responsible for growing the FHA seniors housing business. Dana Wade, Chief Production Officer of the FHA Finance team, said Murphy’s skills and expertise “will translate well into his new role, and I believe he will play an important part ...
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]]>Chicago-based Blueprint Healthcare Real Estate Advisors is launching a Behavioral Healthcare advisory group to join its existing offerings of seniors housing and care, medical office and capital markets. Industry veteran Andrew Sfreddo will serve as head of behavioral healthcare, and fellow behavioral healthcare real estate veteran Shane Harmon will serve as senior director. In 2020, ...
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]]>The Chicago Chapter of the Society of Industrial & Office Realtors (SIOR) held its annual Platinum Sponsor Appreciation Event at 601W Companies’ Old Post Office recently. More than 60 SIOR members, platinum sponsors and prospective members came together to enjoy one of the most ambitious and unique office redevelopments in the history of the city. ...
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]]>Chicago’s Department of Planning & Development recently issued two requests for qualifications to redevelop a collection of properties: one group of city-owned sites around the CTA Green Line Kedzie Station in East Garfield Park on the city’s West Side and another series of parcels along 63rd Street in the South Side neighborhood of Woodlawn. Crain’s Chicago Business ...
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]]>Memorial Hermann Cypress Hospital is moving forward with a $71.8 million project that will add 40 beds, a second office building and more parking. The facility originally opened in 2017 and has 105 beds and about 600 employees. The expansion will span 185,000 square feet which the medical group hopes will be completed in 2024. ...
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]]>Oaks 35 Apartments will offer 100 single studio apartments. If you want another bedroom and bathroom you open the door of the adjoining unit. The newly renovated “studio-centric” community is located just off Aquarena Springs Drive and IH 35. The project, just minutes from Texas State University, is designed to appeal to the college student, ...
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