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CHICAGO-After moving within the Mercantile Exchange complex to 110,000 sf at 10 S. Wacker Dr., Sachnoff & Weaver, Ltd. signs a 10,900-sf expansion with Equity Office Properties Trust.
NILES, IL-A 54,785-sf building at 7760 Merrimac Ave. in this north suburb and a 32,000-sf asset at 7100 N. Lawndale Ave. in nearby Lincolnwood get new owners in separate transactions worth approximately $4 million.
CHICAGO-Regency Centers Corp. teams with the Oregon Public Employees Retirement Fund to buy six suburban Dominick's-anchored retail centers for a price well in excess of $100 million. That gives Jacksonville-based Regency Centers Corp. more than 1.2 million sf in nine centers.
CHICAGO-The 35,000-sf, 180-bed asset at 735 W. Diversey Pkwy. is refinanced with a35-year FHA insured loan arranged by senior housing and healthcare lender Cambridge Realty Capital Cos. It was acquired three years ago for $5.6 million.
CHICAGO-AMLI Residential has been able to increase rents 5.1% in its eight suburban multifamily rental communities, the largest jump in the nine markets the REIT is in. Higher building materials costs are not expected to affect the company's current projects, including the 294-unit AMLI at Museum Gardens in Vernon Hills.
CHICAGO-Plans to build a three-story building along Clark Street, just west of the 90-year-old ballpark, will not be affected by recent questions over the structural integrity of Wrigley Field, says Cubs president and chief executive officer Andy MacPhail.
GENEVA, IL-The 132,652-sf Shoppes at Geneva Commons lifestyle center off Randall Road here as well as the 212,000-sf Meridian Towne Centre in Aurora are among Duke Realty Corp.'s seven remaining retail assets.
SCHAUMBURG, IL-A 100,000-sf convention center and 500-room Marriott Renaissance hotel is being built north of I-90 and east of Meacham Road. Hotel and convention center are expected to spend more than $200 million a year, generating nearly $13 million in annual state and local taxes.
DOWNERS GROVE, IL-The residential mortgage company moves from One TransAm Plaza in Oakbrook Terrace to Highland Landmark Three, where PeopleSoft vacated 44,000 sf.