JLL has been retained by Emerus, described as the nation’s first and largest operator of neighborhood hospitals, to continue delivering a broad suite of real estate services across a growing portion of the healthcare company’s portfolio. Under a new agreement, JLL will keep providing integrated facilities management, lease administration, transaction management, project and development services, and energy and sustainability services. The mandate now extends to 42 neighborhood hospitals and emergency departments totaling 1.2 million square feet in Texas, Nevada, Oklahoma, Pennsylvania and Wisconsin, reflecting an expanded scope of work for JLL in the healthcare real estate segment.
In Chicago, the Harold E. Eisenberg Foundation is collaborating with the United Center Joint Venture and its large-scale redevelopment initiative, The 1901 Project, for the Foundation’s 18th Annual Real Estate Challenge. The competition invites college and university teams from across the country to formulate and present a development plan for a future phase of The 1901 Project. Positioned as a $7 billion neighborhood investment on Chicago’s West Side, the multi-phase vision is focused on transforming the area around the United Center, giving student teams a high-profile, real-world assignment centered on urban redevelopment and community-focused planning.
Residential brokerage activity in the Chicago area is also evolving, with Baird & Warner broadening its presence in Oak Park, Illinois. The firm is absorbing Beyond Properties, a boutique brokerage whose roughly dozen agents will transition into Baird & Warner as the Beyond Properties Group. Led by owner and designated managing broker Erica Cuneen, the group will operate out of Baird & Warner’s Oak Park office while maintaining its existing physical location on Marion Street. The team will continue to represent buyers and sellers in Oak Park, surrounding suburbs and the city of Chicago, adding scale and local market coverage for Baird & Warner.
On the capital side, Broadshore Capital Partners, now serving as the institutional investment and lending arm of Milhaus SRG, reported the closing of a $68.5 million senior bridge loan. The financing is secured by J Optimist Park, a newly delivered, 350-unit multifamily community located in Charlotte, North Carolina’s rapidly evolving North Davidson Arts District. Proceeds are intended to support the continued lease-up and stabilization of this newly delivered institutional-quality property in a submarket that the parties describe as attracting sustained investor interest, underscoring active bridge lending for multifamily assets in growth districts.
