Wessel Court Apts. Sells for $20.8 Million

Shodeen Group, an Illinois-based development company, sold the 228-unit Wessel Court Apts. in St. Charles, IL to Chicago-based multifamily owner and operator Axiom Properties, Inc. for $20.8 million, or approximately $91,000 per unit. Wessel Court was built in 1972 at 1820 Wessel Court in the Fox River Valley multifamily submarket. It totals 191,900 square feet … Continued

Fifield Cos. Breaks Ground on 310-Unit NEXT Apts.

Fifield Cos. began construction last week on a new 28-story apartment tower in Chicago‚Äôs River North district. Named NEXT, the 310-unit multifamily project will consist of studio to three-bedroom apartments ranging from 462 to 1,727 square feet, with studio and one-bedrooms making up 85% of the unit mix. Fifield is developing the project at 347 … Continued

CBRE Expands Office Tenant Rep Practice

Kevin McLennan has joined CBRE from Savills Studley as a senior vice president in the firm’s office tenant representation practice. In more than 13 years in the industry, McLennan has completed more than 6 million square feet in transactions valued at more than $2 billion. Past clients include Ares Capital, Blackstone, CNA Insurance, NEC, CA … Continued

South Street Capital Expanding Acquisition Strategy

South Street Capital, a Chicago based, privately controlled real estate investment firm, announces a major, multi-state expansion of its acquisition strategy. Over the next 24 months, South Street Capital will be looking to acquire 1-million square feet of office, retail and multi-family assets in select areas of the Midwest including Chicago, Minneapolis and Indianapolis as … Continued