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This Week's Chicago Deal Sheet (May 5, 2021)

Tishman Speyer signed Ipsos to a 58K SF lease at The Franklin in Chicago’s West Loop. It’s another sign the downtown office market is showing some signs of life after more than a year in hibernation.
The 2.5M SF Franklin consists of two connected buildings at 222 West Adams St. and 227 West Monroe St. Ipsos will occupy the 11th floor, which spans the two towers, in May 2022. The market research company will relocate from 222 South Riverside.
The Franklin
The Franklin complex features a number of amenities that Ipsos leaders said will ease employees’ return to the office. These include the café Rustle + Roux, a shared workspace called Studio, a 300-person conference center, and full bar and event venue R29. ....

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Peak Properties announces new regional property manager

Peak Properties announces new regional property manager
May 21, 2021
Michelle Donaldson has been appointed to the newly-developed role of Regional Property Manager for Peak Properties, LLC, a Chicago-based property management company.
Donaldson now oversees three high-rise apartment buildings in the Peak Properties’ portfolio and she is responsible for complete oversight of each property, serving as a liaison between Peak Properties’ management team and owners of each property. Currently supervising three condo deconversion buildings totaling nearly 800 units, her daily responsibilities include management of all office and engineering personnel, and oversight of all building operations including preventative maintenance schedules, financial reporting, budget management and projections, leasing renewals and site inspections. ....

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Mary Monday: Adios 2020, thanks for all the bad memories

Mary Monday: Adios 2020, thanks for all the bad memories
azdailysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azdailysun.com Daily Mail and Mail on Sunday newspapers.

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The Arboretum of South Barrington facing $67.2 million foreclosure lawsuit

Updated 12/10/2020 6:25 AM
The Arboretum of South Barrington is facing a foreclosure lawsuit amid widespread economic pressure on the retail and hospitality industries during the COVID-19 pandemic.
In the lawsuit filed in Cook County circuit court in September, UnionBank states that the owners of The Arboretum didn t pay interest on the property s $67.2 million mortgage and didn t pay off the debt when it matured in April, according to Crain s Chicago Business.

The 480,000-square-foot outdoor shopping center at Higgins Road and Route 59 is listed as part of the portfolio of Starwood Retail Partners, a division of Starwood Capital Group.
Starwood Retail Partners and UnionBank didn t return requests for comment Wednesday. ....

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