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CHICAGO-A $21-million donation from Gary and Frances Comer, founder of the Land's End retail chain, helps fund a new 240,000-sf "ultra-modern but child-friendly" hospital that would be built at 5801 S. Ellis Ave.
FOX RIVER GROVE, IL-A Blockbuster Video store in this far northwest suburb of Chicago sells for $1.15 million, a price that further signals of the increasing popularity of triple-net lease investment deals.
NORTHBROOK, IL-For the third time in three months, the real estate company taps Ernst & Young for a top executive. CEO Mark R. Costello joins president and CEO Barry Barovick and CFO Ian Bress.
ELK GROVE VILLAGE, IL-A 100%-leased 25,000-sf industrial building is sold by HM Strategic Investments to RCK Properties for $1.05 million after a 20,616-sf industrial building in nearby Bensenville sells for $825,000.
PLAINFIELD, IL-Chicago Bridge & Iron Co. sells its 175,000 headquarters at 1501 N. Division for $118 per sf to Los Angeles-based Griffin Capital with a flexible termination option allowing it to buy it back.
CHICAGO-Grubb & Ellis senior vice president Patrick J. Sullivan says the sale-leaseback is one type of deal being done in the industrial market as well as build-to-suit transactions involving larger facilities.
SCHAUMBURG, IL-Trammell Crow Co. is marketing the four-story class A office property at 900 National Pkwy. on behalf of USAA Realty Co., and is drawing institutional investor interest, says senior vice president Kenneth J. Szady.
ELK GROVE VILLAGE, IL-A 100%-leased 25,000-sf industrial building at 65 Kelly St. is sold for $1.05 million after a 20,616-sf industrial building at 115 Gateway in west suburban Bensenville sells for $825,000.
CHICAGO- Prudential Mortgage Capital Co. uses a $91-million securitized "A note" and $64.4-million non-securitized "B note" to finance industrial, retail, office and multifamily properties in eight markets.