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Big Pilsen office building sells for $25M

The Cacciatore family has cashed out of a Pilsen loft office building it has owned since the late 1980s, highlighting the neighborhood’s appeal to developers…

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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…

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Extensive capital improvements coming to 220k SF Northbrook office building

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…

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Ameritus Appoints NKF Exclusive Leasing Agent for 220,175 SF Office Building in Northbrook

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,…

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NAI Hiffman completes 5 lease transitions 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…

Read on Bisnow Chicago

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…

Read on Real Estate Investor

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….

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River North Loft Building Sells for almost $25M

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…

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Neighbor agrees to pay about $25 million for Wacker Drive tower

After previous deals to sell a 23-story office tower on Wacker Drive fell through, its owners have struck a roughly $25-million deal with their next-door…

Read on Crain's Business