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Berger Named Director of Seniors Housing at IPA

Jordyn Berger has joined Marcus & Millichap’s Institutional Property Advisors (IPA) division in Chicago as a director within the seniors housing group.

Working alongside Mark Myers and Joshua Jandris of IPA’s Chicago-based seniors housing team, Berger will structure and arrange debt, mezzanine and equity capital for owners, operators and developers of independent living, assisted living, memory care and skilled nursing facilities.

Berger joins…

Sterling Bay Pays Up for Large Redevelopment Site Along Chicago River

Sterling Bay has acquired the former Department of Fleet Management storage facility in Chicago with plans to raze the existing building and redevelop the site.

The locally-based real estate development firm paid $104.7 million to the City of Chicago for the 18-acre tract located on the banks of the Chicago River at 1685 N. Throop St. in the North Chicago Industrial submarket.

The company is in the process of formalizing redevelopment plans…

Savills Studley Names Corporate Managing Director in Chicago

Savills Studley has brought in longtime industry veteran Nick Foussianes as a corporate managing director in its Chicago office.

Foussianes brings more than 30 years of experience in bespoke advisory solutions, real estate lease and purchase transactions and corporate portfolio strategy, to the firm.

He is the founder and former president and CEO of Mission Equities, and has held various positions with JLL, Colliers and Torchia Associates. Past…

Lettuce Entertain You Enterprises Leases 38,000 SF at 321 N. Clark

Lettuce Entertain You Enterprises (LEYE) is bringing a new restaurant and entertainment concept to 321 N. Clark St. in Chicago’s River North area.

The locally-based restaurant group reached a deal for 38,000 square feet across four levels that will serve as the future site of RPM on the Water, a new restaurant and events venue that will feature three separate venues, a two-story restaurant, a private events space and a casual concept.


Mark Goodman & Associates Taps Cushman & Wakefield to Market 310 N. Sangamon Project

Mark Goodman & Associates has selected Cushman & Wakefield to market a nearly 300,000-square-foot office tower the company plans to develop next year in the Fulton Market District.

The 297,273-square-foot, 12-story building at 310 N. Sangamon St. will consist of 245,180 square feet of office space across the third through 12th floors, a retail component, and off-street parking.

Jack McKinney Jr., managing director with Cushman & Wakefield,…

Six Selected for Savills Studley Board

New York-based commercial real estate services firm Savills Studley, specializing in tenant representation, appointed six new members to its U.S. board of directors: Lisa Davidson, Ann Duncan, Doane Kelly, Jeff Manley, David Providenti and Tiffany Winne.

Davidson is an executive managing director in the firm’s Chicago, IL office. With almost 30 years of tenant representation experience, she has completed more than 25 million square feet of transactions…

Andersen Tax Moving West Loop Office to 71 S. Wacker

One of the largest independent tax firms in the U.S. is moving its West Loop office to 71 S. Wacker.

Andersen Tax, a San Francisco-based tax, valuation, financial advisory and consulting services firm and founding member of international association Andersen Global, signed a lease for 26,000 square feet at 71 S. Wacker, a 1.49 million-square-foot, 48-story trophy high-rise owned by The Irvine Co.

The company will relocate from The Franklin at…

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