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Crescent Heights Secures $332M Loan for NEMA Chicago Tower

The financing replaces prior KKR debt for the South Loop apartment building.

By The Daily Chicago · Published July 24, 2026

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This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. The Daily Chicago is part of The Daily Network and follows our reasonable editorial care.

Crescent Heights secured a $332 million loan for NEMA Chicago the city's tallest apartment tower in the South Loop according to the reports indexed as item 16. JLL arranged debt from New York Life and PGIM.

R.I.G Capital completed a $167 million multifamily acquisition the largest estimated residential buy in Chicago for 2026. Prologis acquired 26.19 acres in Glendale Heights for a planned 454000 square foot industrial development.

Hillwood and Clarius Partners launched a 1 million square foot speculative industrial project in Chicagoland. Foundry Park a scaled down $800 million mixed use phase on the former Lincoln Yards plan is set to begin construction in October with approximately 3300 residences and retail.

Sources: perplexity-sonar.

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