New steakhouse coming to Highland Park

Downtown Highland Park is landing a steakhouse to fill the void left when Rosebud closed a few years ago, its proprietor told Crain’s today. Dan Beelow, owner of Beelow’s Steakhouse in Lake Zurich, said he has signed a lease at Renaissance Place in the northern suburb and plans to open the 160-seat Beelow’s North Shore Steakhouse…

L3 Capital pays $5.5 million for Lincoln Square properties

A venture of Chicago-based L3 Capital LLC paid $5.5 million for commercial properties at 4740 N. Lincoln Ave. and 4722-28 N. Lincoln Ave. in Chicago’s Lincoln Square neighborhood, according to Cook County property records. Nathan Tonnies, a principal at Highland Park-based Metro Commercial Real Estate Inc., brokered the deal for L3 and is handling retail…

Lincolnshire Shopping Center Deal Financed with $31.5 Million Loan

A venture that includes Northbrook real estate firm Next Realty LLC borrowed $31.5 million from an affiliate of Chicago-based Ares Commercial Real Estate Corp. to finance its acquisition of Lincolnshire Commons, a nearly 130,000-square-foot shopping center in Lincolnshire, according to Lake County records. Next hired Steve Baer, principal at Highland Park-based Metro Commercial Real Estate…

Chicago’s First Olive Garden Opens and Reveals Garlic Schism in Governor’s Race

It’s all about garlic and new menu items at the ribbon cutting ceremony today. “It’s the American Dream.” That’s what Illinois Gov. Pat Quinn told a small crowd gathered Monday morning outside the ribbon-cutting ceremony at Chicago’s first Olive Garden. Chicago Eater //  View the Full Article

CrossRoads Development Partners and Morningside Have Closed on NorthShore 770

Northbrook, IL (September 26, 2014) – CrossRoads Development Partners and Morningside have closed on Northshore 770, a mixed use development located at the northwest corner of Skokie Blvd and Dundee Road in Northbrook, Il. Metro Principals Gary Greenfield and Steven Baer represent the partners in leasing the retail component of the center. Tenants include Mariano’s, Panera,…

42nd and Pulaski, Chicago, IL – Breaks Ground

Chicago, IL (September 26, 2014) – Gary Pachucki at IBT and Inland Real Estate have purchased property at 42nd and Pulaski for a new retail development. Gary Greenfield, Principal of Metro Commercial Real Estate represented the development team in the leasing of the shopping center to include Marshalls, Ross Dress for Less, Michaels, PetSmart and…

Metro Represents Topgolf in the Sale of a Site in Naperville, IL

Naperville, IL (September 26, 2014) – Metro Commercial Real Estate represented Topgolf in the sale of a site in Naperville, Illinois. Metro Principals, Robert Melsher and Gary Greenfield, also represented Topgolf in the purchase of real estate at the Northwest Corner of Rt. 59 and I-88 in Naperville. About Metro Commercial Real Estate Metro Commercial…

Metro Sells 8th PNC Bank Property in 12 Month Period

Chicago, IL (September 18, 2014) – Nathan Tonnies of Metro Commercial Real Estate recently closed the sale of a former PNC branch on Orchard Road in Oswego, IL. This is the 8th PNC property Mr. Tonnies has sold in the last 12 Months. Other properties include former branches and bank buildings in Bloomington, IL, Oak…

Mariano’s plans first Naperville store

Mariano’s Fresh Market snapped up yet another former Dominick’s to open a store in Naperville… …“I think in a market like Naperville they’re being selective because it’s such a strong market, to make sure they’re positioned properly, to make sure they can compete with locals, regionals, nationals that are in the market,” said Larry Kling,…

Phase 1 of Stony Creek Promenade Nears Completion

In a few weeks area residents will be shopping at the new Stony Creek Promenade retail development. Water falls and a pond will appear shortly thereafter and pretty soon Oak Lawn won’t have to envy its neighbors in Orland or Evergreen Park. Things have been going so well at the corner of 111th Street and…

Banana Republic, Athleta Coming to Downtown Naperville

Gap Inc. is opening two stores in downtown Naperville, adding to the tenant mix in the western suburb. The San Francisco-based retailer’s Banana Republic and Athleta lines plan to open adjacent stores in a nearly 20,000-square-foot retail building at 103 S. Washington St. in Naperville, according to a marketing flier from Highland Park-based Metro Commercial…

Fitness chain plans to open around 35 local stores

Workout chain Orangetheory Fitness plans to open about 35 gyms in the Chicago area over the next few years as part of a 50-store rollout across the state, according to Orland Park-based investor Brad Ehrlich, the master franchisee for the state for Orangetheory’s parent company, Fort Lauderdale, Florida-based Ultimate Fitness Group LLC. The firm has…