{"id":141721,"date":"2025-08-13T06:43:14","date_gmt":"2025-08-13T06:43:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/141721\/"},"modified":"2025-08-13T06:43:14","modified_gmt":"2025-08-13T06:43:14","slug":"the-chicago-deal-sheet-august-12-2025","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/141721\/","title":{"rendered":"The Chicago Deal Sheet (August 12, 2025)"},"content":{"rendered":"<p>A century-old school building along Chicago\u2019s lakefront is set for a major overhaul into a high-tech new development, a 437-unit residential project backed by cryptocurrency.<\/p>\n<p>                        <img decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/1750589843_18_placeholder.png\" loading=\"lazy\" alt=\"Placeholder\"\/><\/p>\n<p>\n      Chicago Lakefront\n    <\/p>\n<p data-pm-slice=\"1 1 []\">The American Islamic College is partnering with London-based Neem Capital on the project, called Immaculata Living, which will feature 235 apartments for young professionals and 192 units for senior living. Amenities will include on-site dining, wellness programs, tiered care services and opportunities for residents to attend lectures or mentoring sessions at the college.<\/p>\n<p data-pm-slice=\"1 1 []\">Investors will be able to purchase stakes in the development using cryptocurrency, with stakes corresponding to apartment ownership. The project is structured under a Wyoming-based decentralized autonomous organization for added security. Tenants will also be able to pay rent with crypto.<\/p>\n<p data-pm-slice=\"1 1 []\">K Giles\u00a0was tapped to build the project, and construction is expected to wrap within three years.<\/p>\n<p><strong>PEOPLE<\/strong><\/p>\n<p>Lee &amp; Associates\u00a0tapped Colin Sons\u00a0to join its industrial brokerage group as an associate. Sons will work on industrial brokerage services, including tenant and landlord representation, buyer and seller advisory and sale-leaseback transactions. He will work alongside Lee &amp; Associates\u00a0principal Mike Plumb.<\/p>\n<p style=\"text-align: center;\">***<\/p>\n<p>Justin Kessler has joined Cresa as a senior vice president, bringing more than a decade of tenant-focused expertise to the firm.\u00a0Kessler will be based in the Chicago office and focus on the professional services and legal industries.\u00a0<\/p>\n<p><strong>SALES<\/strong><\/p>\n<p>Prairie Hill Holdings paid $17.4M for a\u00a0fully occupied industrial property\u00a0at\u00a0199 Shepard Ave.\u00a0in Wheeling.\u00a0JV Global Services sold the 97K SF property, and IPA Capital Markets, a division of Marcus &amp; Millichap, secured $11.4M in financing. Marcus &amp; Millichap&#8217;s Zach\u00a0Orzel, Adam Abushgur and Tyler Sharp marketed the property on behalf of the seller, while Sharp, Abushagur and Clayton Isacson secured the buyer.<\/p>\n<p><strong>THIS AND THAT<\/strong><\/p>\n<p>AIA Chicago will honor Adrian Smith, founding partner of Adrian Smith + Gordon Gill Architecture and former partner at Skidmore, Owings &amp; Merrill, with the 2025 AIA Chicago Lifetime Achievement Award.\u00a0Smith has designed over 20 projects in Chicago, including Neiman Marcus on Michigan Avenue, Olympia Center and NBC Tower.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A century-old school building along Chicago\u2019s lakefront is set for a major overhaul into a high-tech new development,&hellip;\n","protected":false},"author":3,"featured_media":141722,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5124],"tags":[960,5386,1818],"class_list":{"0":"post-141721","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chicago","8":"tag-chicago","9":"tag-il","10":"tag-illinois"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115020104074045191","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/141721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=141721"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/141721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/141722"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=141721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=141721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=141721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}