The Real Deal Chicago

Chicago Cheat Sheet: Bungalow district makes National Register … & more

Also, Kin Insurance takes over full floor at 55 West Monroe
By John O’Brien | February 12, 2019 05:00PM

Bungalows in Chicago (Credit: iStock) 

More honors for Chicago bungalows

A cluster of classic Chicago bungalows in Hermosa has been added to the National Register of Historic Places. The area becomes the 12th bungalow historic district in Chicago to make the list since 2004, state officials said. The district was among 30 Illinois sites added to the National Register last year. [Chicago Tribune]

Insurance firm moves to full floor in Loop office building

Kin Insurance moved its headquarters from a WeWork location to almost 21,000 square feet at 55 West Monroe Street that it’s subleasing from insurance claims company Snapsheet. The online homeowners coverage provider took over the 22nd floor from Snapsheet, which moved last year into 52,000 square feet at 1 North Dearborn Street. CBRE’s Brad Serot and Tony Coglianese represented Kin Insurance in the sublease. [Crain’s]

Medical manufacturer signs industrial lease on NW Side

Oberg Medical Products signed a long-term lease for a 60,000-square-foot building at 4311 North Normandy Avenue in Chicago. The medical device manufacturer plans to consolidate facilities from Elk Grove Village and Niles into the new Chicago location. Colliers International’s Chris Volkert and Brendan Green represented Oberg while Cushman & Wakefield’s Brett Kroner represented building owners Venture One Real Estate and Kovitz Investment Group. [REJournals]

Last vacant Dominick’s gets new tenant

The last remaining Dominick’s store left vacant after the grocery chain’s closure in 2013 has a new tenant. The store in the Jeffrey Plaza shopping center at 71st Street and Jeffrey Boulevard in South Shore will become a Shop and Save in the fall. The $25 million project will get $10 million in tax increment financing incentives from the city. [Chicago Tribune]

2 property management companies sell to Florida-based firm

Two local residential management firms, Draper & Kramer and Lieberman Management, were acquired by Florida-based FirstService Residential. FirstService now manages the companies’ combined 100,000 townhouse and condo units in the Chicago area, officials said. Draper & Kramer and Lieberman staffs will remain, as will the individual company names. [Crain’s]