News

 
November 16, 2018

Ameritus Closes on LaSalle Wacker building for $118.5M

Ameritus Real Estate Investment Management closed on its deal to buy the LaSalle-Wacker Building for $118.5 million. Chicago-based Ameritus bought the historic Downtown office tower at 121 West Wacker Driver from Sterling Bay, a deal that was first reported as having a sale price near $120 million. The sale closed […]
November 16, 2018

400 Skokie – RE Journals

Purchased by Ameritus Real Estate Investment in December 2017, 400 Skokie Boulevard in Northbrook, Illinois will undergo an extensive redevelopment with sizable capital improvements. Newmark Knight Frank (NKF) has been appointed as the exclusive leasing agent on the property. Built in 1984 and partially renovated in 2012, 400 Skokie Boulevard […]
November 16, 2018

400 Skokie – Brokerage Press Release

Newmark Knight Frank (NKF) is pleased to announce that the firm has been appointed as the exclusive leasing agent of 400 Skokie Boulevard in Northbrook, Illinois. Purchased by Ameritus Real Estate Investment (Ameritus) in December 2017, the property will undergo an extensive redevelopment with sizable capital improvements. Built in 1984 […]
January 26, 2017

Co-working firm buys 3 floors on Wacker Drive

Co-working firm Level Office bought three floors of a Wacker Drive building where it already has offices, expanding its space in Chicago to more than 250,000 square feet. Chicago-based Level Office paid $4.5 million on Jan. 19 for the sixth, eighth and ninth floors of the 18-story tower at 211 […]
October 24, 2016

Last of Riverwalk rooms open

Chicagoans enjoy The Jetty, one of three Riverwalk rooms that opened to the public on Saturday. Located between Wells and Franklin Streets, The Jetty will offer fishing and interactive learning for children about the ecology of the Chicago River. (Click on images to view larger versions.) While city and civic […]
October 5, 2016

NAI Hiffman completes five lease transactions in Bannockburn

NAI Hiffman is pleased to announce that Michael Flynn, Executive Vice President, and Jason Wurtz, Senior Vice President with NAI Hiffman’s Office Services group, recently completed four new lease transactions at 2201-2231 Lakeside Drive in Bannockburn, Illinois. The four leases bring the building from 56% occupied to 81% since being […]
March 30, 2015

Conversions of Older Office Buildings are Pushing Prices and Rents Higher

Demand has increased in recovering downtown office markets, with a lack of available space forcing investors to put in high bids for even class-B and class-C office towers. Older office buildings in cities including Chicago, Los Angeles and Miami are being bought for above their replacement costs, with conversion plans that […]
March 26, 2015

WSJ: Office Building Near U.N. Goes Condo in New York

Office condominiums have never taken hold in the U.S. as they have in Europe and Asia, even during periods when rental rates have risen rapidly. Owning office space can save companies money in the long-term, but buying requires large upfront costs. Most American companies would rather use that money for […]
March 19, 2015

River North loft building sold to Ameritus-Alcion venture

“A venture of Ameritus Real Estate Investment Management and Boston-based Alcion Ventures paid $24.75 million for 213 W. Institue Place in River North. Photo from CoStar Group” A River North loft building sold for almost $25 million to a buyer who expects to capitalize on rising rents in the city’s […]
March 19, 2015

Structured Development sells South Side building as Henson Consulting moving

Public relations firm Henson Consulting is moving its headquarters in April as it plans to double its staff of 25 in the next year, said founder and CEO Kathleen Henson. Henson Consulting signed a seven-year lease for 7,180 square feet in the 23-story office tower at 205 W. Wacker Drive, […]