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Peppercorn Seeks to Develop Latest US Craft Beer Incubator in Chicago
Popular Chicago microbrewery Goose Island was founded in 1988 by Chicagoan John Hall and has been a Peppercorn Capital client since Phil Denny started the business in 2000; Photo courtesy of Julie Corsi via Flickr. Peppercorn Capital, a Chicago-based...

PPM Hires Blackstone Exec to Help Expand
PPM America, a Chicago-based investment management firm, has tapped an executive from a leading asset management firm to help attract institutional investor clients. PPM hired Mark Kramer as a managing director. Kramer joins PPM from BlackRock, the...

Exclusive: Chicago's Suburban Office Market May Get Boost From Added Commuter Rail Stops
Chicago-area commuter rail line Metra is expected to decide next week on a pilot program that could lead to improvements in the reverse commute for downtown residents who work in the suburbs. Credit: Metra. The Chicago area's commuter rail system,...

D'Alessandro Rejoins CBRE as Executive Vice President of Valuation and Advisory Services
Michel D'Alessandro has returned to CBRE to serve as executive vice president of the firm's valuation and advisory services platform in Chicago. The industry veteran brings more than 25 years of experience in multifamily real estate valuation and advisory...

Prologis Sells Warehouse Properties in U.S., Europe for $1.1 Billion
Prologis is selling non-core warehouses. Image courtesy of Prologis Inc. Prologis Inc., the world's largest owner and developer of warehouses, said it sold a $1.1 billion portfolio of domestic and international properties as it makes good on its plan...

Bridge Investment Bets on Revamping Art Deco Office Building in Downtown Chicago
Bridge Investment Group purchased One North LaSalle in downtown Chicago for $113 million. Bridge Investment Group’s Atlanta-based office division closed on its $113 million purchase of the historic landmarked One North LaSalle building, beefing up...

Amazon Invests in Prefab Housing Builder
Amazon's Alexa Fund invested $6.7 million in Plant Prefab, a company that builds prefabricated multifamily buildings and homes like this one in Santa Monica, California. Credit: Plant Prefab. Amazon’s Alexa Fund is taking its first investment step...

More Non-Traded Real Estate Investment Trusts Vanish Amid Fundraising Challenges
The Retreat at Market Square in Frederick, Maryland, is one of three multifamily communities Inland Residential Properties Trust plans to sell as it winds down business. More remnants from the peak public fundraising era for non-traded real estate...

Beacon Capital Adds 303 E. Wacker to Chicago Office Tower Portfolio
Boston-based Beacon Capital Partners bought Three Illinois Center, 303 E. Wacker Dr., Chicago, for $182 million. Photo credit: Beacon Capital Partners. Beacon Capital Partners expanded its footprint again in downtown Chicago with the $182 million purchase...

Starwood Retail Partners Hires Mixed-use Specialist as New Vice President of Development
Mixed-use development specialist Rod Blake has been hired by Starwood Retail Partners to serve as its vice president of development as the company looks to add non-traditional uses to its portfolio of shopping malls and lifestyle centers. Effective...

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