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Don't miss the week's biggest deals in Chicago.

CHICAGO, Jan. 10, 2022 – JLL Capital Markets announced that it has closed the sale of City View at the Highlands, a 403-unit, luxury, value-add, mid-rise apartment building located in the Chicago suburb of Lombard, Illinois.

CHICAGO, IL - JLL Capital Markets announced that it has closed the sale of Oak Brook Heights, a 408-unit, garden-style multi-housing community on the border of Westmont and Oak Brook, in West Suburban Chicago, Illinois. JLL marketed the property on behalf of the seller, Investcorp, a leading global provider and manager of alternative investment products. FPA Multifamily acquired the asset. Oak Brook Heights comprises one-bedroom apartments and two- and three-bedroom townhomes averaging 990...

CHICAGO, IL - JLL Capital Markets announced today that it has closed the sale of Brook Run Apartments and Townhomes (“Brook Run”), a 182-unit, garden-style multi-housing community in the Chicago suburb of Arlington Heights, Illinois. JLL marketed the property on behalf of the seller, Laramar Group. Redwood Capital Group acquired the asset. Brook Run comprises one-, two- and three-bedroom units averaging 936 square feet. Units offer stainless steel appliances, balcony/patios,...

A Canadian manufacturer last week chose the Chicago region to host its first U.S. facility. Lion Electric Co. will manufacture its all-electric medium- and heavy-duty urban vehicles at a 906K SF facility under construction at 3835 Youngs Road in southwest suburban Joliet. Gov. J.B. Pritzker, along with many other state and municipal officials, joined the company’s leaders on Friday to announce the $70M project. “The new Joliet facility will put Illinois at the forefront of a national movement to transition to zero-emission vehicle use, advancing our own goals of putting 1 million of thes...