Chicago

The newly created position is expected to assist the firm in nearly tripling its portfolio value to $30 billion by 2024.

Through what the city terms is a groundbreaking collaborative by government, businesses, philanthropies, and community leaders, the city will align more than $750 million in already allocated funding to the South and West Sides over the next three years.

The city estimated the new congestion tax will generate approximately $40 million in new revenue.

Located at the southwest corner of Montrose Avenue and Bernard Street, on formerly vacant land, the new five-story building has 32 one-bedroom and 16 two-bedroom apartments, which are nearly fully occupied.

LoBello was previously director of property management with The Hampshire Companies where she was most recently responsible for more than 10 million square feet of commercial real estate across the office, industrial and retail sectors.

The offering marks JLL Income Property Trust's first entry into the 1031 exchange sector.

Young Innovations will maintain operations at all properties under a 20-year lease with New Mountain Net Lease.

The fundamentals driving the commercial real estate industry remain positive in many of the top metropolitan markets across the country, including Chicago. We are seeing strong job growth, population growth, and a ramping up of some of corporate America's top companies.