Chicago

Construction of 23 big box buildings totaling 10.2 million square feet was completed during 2018, with 16 projects totaling 6.9 million square feet built on a speculative basis.

"Since the cannabis industry is emerging as a growth market, investors need to appreciate there is an art and a science to converting raw materials of cannabis and finished products,” says CFC principal Ira Singer.

The fund's first round closed with $450 million from a third party investor and $100 million from Nuveen's parent company, TIAA.

Pryde leads KTGY's Chicago practice, creating multifamily, mixed-use, senior living and student housing projects in the Midwest region.

With a portfolio of 1,282-beds in Upstate New York, OC Ventures is the second-largest off-campus student housing provider in New York State.

The properties attracted strong interest and multiple offers, says Marcus & Millichap's David Bradley, demonstrating that the market remains strong while rents keep rising.

Following the Chicago-based firm's purchase of 50 Post Office Square in December 2015 for a reported price of more than $290 million, the firm's capital improvements at the property have paid dividends.

North Wells says the planned rehab in an opportunity zone offers benefits for investors and the neighborhood.