Chicago

A total of 28 new lease deals 500,000 square feet or larger have been negotiated since 2016 in Chicago's industrial market. While 28 deals definitely show a strong market, half of those transactions occurred in 2016.

Discovery Labs is targeting major markets across the US and also has several international locations in its plans as well. Target domestic markets include: Boston; New York City; Northern New Jersey; Washington, DC; Raleigh-Durham, NC; Chicago, Houston, Austin, San Diego, Los Angeles, San Francisco and Seattle.

The Los Angeles-based commercial and industrial investment firm sold the property, which is fully leased to True Value, to a joint venture of Brennan Investment Group, LLC of Chicago and Greenwich, CT-based Arch Street Capital Advisors, LLC.

The fixed-rate loan through Freddie Mac's Green Advantage program has a seven-year term and will be serviced by HFF, a Freddie Mac Optigo lender for conventional loans.

The REIT is investing in the Quebec market through an equity partnership with Le Groupe Maurice.

Capstone On-Campus Management of Birmingham, AL has been selected by Radnor and Harrison Street and has been approved by Lafayette to manage and maintain the property once it opens in the fall of 2020.

The deal, through a subsidiary that will serve as asset manager for the Colorado multifamily properties, was facilitated on behalf of IPC's 1031 investment programs—Colorado Multifamily DST.

In a blockbuster session, the Illinois House and Senate came to agreement on a $40-billion state budget, a $45-billion Rebuild Illinois infrastructure plan, a sports betting bill that will allow a casino in the City of Chicago and smaller gaming operations in the suburbs and a bill to legalize recreational marijuana in the state.