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Magellan Development Group, LLC is an American real estate and property development company that was formed in 1996 as a result of a long term corporate partnership between Joel Carlins and James Loewenberg. The company's chief executive officer is David Carlins and J.R. Berger is a principal.
Harrison Street Real Estate Capital, which uses the trade name Harrison Street, is a real estate investment firm headquartered in Chicago, Illinois. The firm is currently the alternative real assets arm of Colliers International. In 2024, Harrison Street ranks as one of the top five owners in senior housing in the U.S. [2]
In 2016, for tax purposes, the company converted into a real estate investment trust. [9] The company also sold its stake in the Brooklyn Nets and the Barclays Center to Mikhail Prokhorov , [ 10 ] sold its military housing division to Hunt Companies for $208.8 million, [ 11 ] sold Terminal Tower to K&D Group for $38.5 million, [ 12 ] and sold 7 ...
JMB Realty was a real estate investment company based in Chicago. In 1993, after suffering during the early 1990s recession , the company spun off its retail properties as Urban Shopping Centers, Inc. , which was acquired by Rodamco in 2000 and broken up.
Cresa has received multiple awards and has been included on top achievement lists, including Site Selection's Service Provider of the Year, American Business Journals’ Best Places to Work, [2] INC. 5000, [3] and Realcomm's “Top Ten Most Innovative Brokerage Firms. [4] ”
Robin McElroy, a Morgan Park resident, has cherished her Chicago home since purchasing it in 2012. But now, she’s facing panic and frustration over a mix-up involving unpaid property taxes.
In 2022, Newmark commercial real estate agents were sued by a client after they drastically mispriced an asset in a deal they brokered. The property, once owned by OCA - Asian Pacific American Advocates, a Washington, D.C.–based non-profit, was sold for $4.4 million. Four months later, the buyer resold the asset for a 30% increase.
In April 2012, the company acquired the site of 108 North State Street for $84 million from Bank of America, which had foreclosed upon the property. [10] In 2013, the company partnered with Kushner Companies to acquire 2 Rector Street. It sold the property in March 2016. [9]