Chicago

The Des Plaines, IL-based commercial real estate firm secured the financing from PCCP, LLC of New York City. The loan will repay the existing construction loan and provide additional time for lease-up and stabilization of the five-story 181-unit luxury apartment property.

The lease deal signed with building owner Bridge Development Partners marks Frozen Assets' second Chicago area cold storage facility.

The historic plan was passed with significant bipartisan supermajorities and will investments in roads, bridges, railways, universities, early childhood centers and state facilities like the crime lab and veterans' homes over the next six years. The package of bills also includes new incentives for data center projects.

Usable square foot per work seat is down according to Ted Moudis Associates' director of workplace strategy in an EXCLUSIVE GlobeSt.com article.

The German aviation and aerospace production firm has signed a lease for 43,206 square feet at a 151,693-square-foot building at the Elk Grove Technology Park.

"As the first state in the nation to fully legalize adult-use cannabis through the legislative process, Illinois exemplifies the best of democracy: a bipartisan and deep commitment to better the lives of all of our people," said Gov. Pritzker.

Phoenix Investors reports that its new Galesburg assets were originally constructed by Maytag between 1974 and 1996 and then acquired by Whirlpool Corp. Phoenix's portfolio holdings now include eight former Whirlpool facilities.

The partners report the new joint venture has acquired two regional distribution properties totaling 1,152,000 square feet in the Jacksonville and Chicago metros.