Regions Midwest | Chicago
Grubb & Ellis Takes Fifth for the Second Time
May 13, 2008

Acting on behalf of a private investor, Santa Ana, Calif.-headquartered Grubb & Ellis Really Investors L.L.C. has snapped up a Fifth Third Bank building in Schaumburg, Ill., about 30 minutes outside of Chicago. The seller was JBAS L.L.C.. Developed this year on an approximately one-acre parcel at 2580 W. Schaumburg Rd., the Fifth Bank structure is fully leased by Fifth Third Bancorp, and is an outparcel to the 290,000-square-foot Prairie Towne Center. The anticipated hold time for the property is long term. The Schaumburg acquisition marks Grubb & Ellis' second purchase of a Fifth Third Bank in less two months; the firm announced the purchase of a 4,200-square-foot branch in Montgomery., Ill., on March 10.

 
Recent Chicago Headlines
Cape Horn Group Buys Chicago Office Building
Aug. 01, 2008
KBS Realty Advisors has sold 205 W. Wacker, an office building located at the corner of W. Wacker Drive and Wells Street in Chicago's Central Loop business district.
Chicago Merger Introduces Jameson Real Estate
Aug. 01, 2008
Christopher Feurer, the principal of the Feurer Cos. and Michael Sato, his partner in CRF Marketing, the sales and marketing arm of the company, are joining forces with the principals of the Jameson Realty Group and Chicago real estate developers Steven Golovan, Charles Mudd and John Lally to create a new brokerage powerhouse known as Jameson Real Estate L.L.C.
W. P. Carey Buys Kendall College's Chicago Riverworks Campus
July 30, 2008
W. P. Carey & Co. L.L.C. said today that its publicly held non-traded REIT affiliate acquired Kendall College's Riverworks Campus on Chicago's Goose Island.
Magellan Development Launches Magellan Project Services
July 22, 2008
Magellan Development Group, a Chicago-based  residential developer, has created a consulting service – Magellan Project Services – to assist financial institutions coping with development challenges or underperforming assets in the current difficult real estate environment.
Baker & Daniels Open Chicago Office
July 18, 2008
Baker & Daniels L.L.P. has opened an office at 311 South Wacker in Chicago, Ill.