Loyola Medicine unveiled plans Tuesday for a new $120M ambulatory care center in Warrenville.
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“By bringing together primary care, specialty care, advanced imaging, ambulatory surgery and other essential services in one location, we are creating a destination that will enhance access, convenience and the patient experience throughout the region," Loyola Medicine CEO Shawn Vincent said in a statement.
The building will have 60 exam rooms and outpatient services including neurology, sports medicine and cardiology.
The project is expected to break ground in early 2027 and is projected to open in 2029, according to a release.
PEOPLE
Chicago-based LaSalle Investment Management appointed Michael Raso as global head of private wealth. Raso will lead the company's private wealth group as of Jan. 1. Raso has more than 25 years of experience in private wealth, most recently as Americas head of intermediary and retail distribution at PineBridge Investments.
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Bluerock named Keith Lampi CEO of Bluerock Tax Solutions, a newly created division focused on tax-advantaged strategies for a private wealth channel. Based out of Chicago, Lampi is responsible for expanding the platform, including its opportunity zone and 721 exchange offerings. Lampi previously served as CEO of Inland Real Estate Investment Corp.
SALES
An undisclosed investor acquired a two-property healthcare portfolio totaling 34K SF made up of dialysis clinics occupied by Fresenius Medical Care in Carbondale, Illinois, and Lubbock, Texas, for $10.5M. The Illinois property is at 1245 E. Main St. in Carbondale. CBRE's Karly Iacono and Rachel Wilson represented the seller.
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JRK Property Holdings paid $67.3M for 1250 N. LaSalle St., a 196-unit apartment building converted from condos, CoStar News reported. The company acquired the building from Strategic Properties of North America, which spent $60M for the tower in 2019, according to the outlet. Newmark's Elizabeth Gagliardi, Susan Lawson and Chuck Johanns represented the seller.
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RLJ Lodging Trust sold seven hotels near Midway International Airport to Endeavor Hotels for $68M, roughly 50% less than the firm paid for the properties in 2006, according to The Real Deal. The portfolio has more than 1,000 rooms, all along Cicero Avenue.
FINANCING
Sterling Bay secured a $79M loan to refinance the debt on its Fulton Market office building at 345 N. Morgan St. The Chicago developer had previously explored a sale of the property, according to CoStar News.
CONSTRUCTION AND DEVELOPMENT
The owners of popular music venue the Salt Shed are looking to expand across the street with a sister venue, according to the Chicago Sun-Times. The 516K SF site is sometimes used for parking during events at the Salt Shed, and expansion plans were detailed in a zoning application sent to the city council.
THIS AND THAT
The Federal Railroad Administration announced Monday it would review how Amtrak's proposed maintenance facility near the Chicago White Sox stadium might impact the neighboring community. The agency is conducting an environmental assessment of the planned $900M redevelopment of Canal Street Rail Yard, Crain's Chicago Business reported. Amtrak aims to transform the site into a massive maintenance site, which has received significant pushback and threats of legal action from area residents.
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