This Week's Chicago Deal Sheet: The Goldie Initiative Launches New Scholarship
The Goldie Initiative received a grant from the Debbie Frank Legacy Fund to help fund its Goldie Scholars program and establish a strategic partnership with Commercial Real Estate Women Chicago.
The partnership will sponsor an additional Goldie Scholar associated with a Chicago-area graduate institution. The Debbie Frank Legacy Fund honors the respected and accomplished leader in the Chicagoland CRE community. Frank was passionate about helping women succeed in the field and died in 2020, according to a release.
“With a unique strategy of scholarship, mentoring, networking and skills development, The Goldie Initiative cultivates talented women into future leaders,” the organization said in the release. “The program supports women pursuing graduate-level studies in business, law, design, or management with a focus on real estate. Over 30 current Goldie Scholars are studying in real estate-related programs at nearly 20 universities nationwide.”
The Debbie Frank Legacy Fund/CREW Chicago/Goldie Scholar will be chosen from the 2024-2025 cohort of Goldie Scholars. The scholarship application period is open, and the organization will accept applications through June 2.
PEOPLE
WithMe, which provides amenities for multifamily communities, tapped Jeff Lail as its chief operating officer. Prior to joining WithMe, Lail spent the majority of his career with Coinstar, where he increased the number of the company's locations and built operational structures for multiple lines of business, new products and international expansion.
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Neal Gerber Eisenberg added Chad Richman as a partner in its real estate practice group. Richman will represent developers, lenders, tenants, investors and business owners. He will help real estate clients with acquisitions, dispositions, leasing, investment, venture structuring, financing, development and construction across real estate asset classes.
SALES
Hines U.S. Property Partners acquired North & Clybourn, a 68K SF, fully occupied retail center in Lincoln Park, for an undisclosed price. Crate & Barrel, The Container Store, Potbelly Sandwich Shop, LensCrafters and Sweetgreen are all tenants at the property. Joe Girardi and Stanley Nitzberg, principals at Mid-America Real Estate, represented the seller.
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Inland Real Estate Commercial sold an industrial property in Elgin for $2.4M. The 87K SF property at 667 N. State St. sits on over 4 acres. Realty Metrix Commercial's Linda Kost represented the buyer, Anguleris Holdings.
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Interra Realty brokered the sale of three multifamily properties in River Grove to two separate ownership groups. A two-property, 12-unit portfolio at 8670-8674 W. Grand Ave. sold for $1.7M, and an eight-unit building at 8600 W. Grand Ave. sold for $1.1M. Interra's Patrick Kennelly, Paul Waterloo and Nathan Zito represented the sellers in both deals.
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Mid-America Real Estate Corp.’s investment sales group brokered the sale of the 65K SF Village Green Shopping Center in Park Ridge. The company's Ben Wineman and Emily Gadomski represented the seller, a private investment group.
CONSTRUCTION AND DEVELOPMENT
Graycor Construction Co. completed work on Wonderverse, a 45K SF entertainment destination at Oakbrook Center. The project features physical and multimedia experiences, interactive installations and dining experiences, allowing visitors to step into Sony Pictures stories.
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McHugh Construction completed the construction of Flyover, a flight ride attraction at the west entrance of Navy Pier. McHugh guided the project from the demolition of the former Imax theater to the build-out and division of the 48K SF location into three rooms and ancillary space.
