Chicago
Chicago Industrial Vacancies Post First Increase Since Q4 2020
Despite strongly positive net absorption and an uptick in new leasing volume, Chicago’s industrial vacancy rate increased during the first… Read more
Hyatt to Acquire Travel Booking Platform Mr and Mrs Smith
Hyatt Hotels Corporation has agreed to acquire London-based Mr & Mrs Smith, a travel booking platform offering direct booking access to… Read more
Choose Chicago Launches Campaign to Boost In-Person Attendance at Performing Arts
Choose Chicago and the Department of Cultural Affairs and Special Events (DCASE), in partnership with industry groups, launched a new… Read more
McShane JV Wraps Construction on Near South Side Mixed-Income Project
McShane Construction Company and joint venture partner Powers & Sons Construction have completed the construction of 23rd Place at Southbridge for… Read more
Upscale Restaurant to Open at Wingspan’s Mount Prospect Apartments
Big Fish Hospitality will open an upscale restaurant called The Prospect at 20West, a new luxury apartment building at 20… Read more
Chicago Office Market Sees New Highs in Direct Vacancy, Sublease Space
The health of the Chicago office market continued to decline in the first quarter of 2023 as direct vacancy rates… Read more
Hardtech Incubator mHub Will Relocate to Kinzie Industrial Corridor
Manufacturing and hardtech innovation center mHUB, said Thursday it had secured $50 million in funding for the acquisition and build-out of a… Read more
Chatham Shopping Center Owner Reaches Bankruptcy Settlement
The owner of a South Side shopping center wrecked during the George Floyd riots in 2020 has settled with its… Read more
Seattle Lags Other Major Markets in Office Demand Recovery
Seattle and Chicago represented the exceptions to the rule in VTS’ latest VTS Office Demand Index (VODI). Whereas five of… Read more
Three MOB Veterans Launch Firm to Address Healthcare’s Real Estate Needs
Three experienced commercial real estate professionals serving a niche in the national medical office building (MOB) sector have formed Capital… Read more
Chicago Fire Training Facility Breaks Ground on Near West Side
City officials and Chicago Fire FC owner and chairman Joe Mansueto joined community members at the Jane Addams Family Resource… Read more
Birk | Sklar Team Closes Sale of South Side Multifamily Trio
Kiser Group’s Birk | Sklar Team recently closed a transaction worth $8.65 million for three buildings located at 6625 S. Drexel,… Read more
First-Ever Virgin Hotel Hits the Sales Market in Chicago’s Loop
A joint venture of Miami-based Lionstone Development and Virgin Hotels has hired the Chicago office of JLL to sell the… Read more
Kiser Group Finalizes Sale of Loop Mixed-Use with 4 a.m. Liquor License
Kiser Group’s Birk | Sklar Team has sold 701 S State, a mixed-use building located in Chicago’s Loop, for $6 million.… Read more
Yellow Banana Closes on Investment into Grocery for South and West Sides
Yellow Banana, the owner and operator of eight Save A Lot locations in the Chicagoland area, has closed on a… Read more
Ribbon-Cutting Opens Phase One of Bronzeville MXU and Launches Next Phase
Chicago Mayor Lori Lightfoot recently joined The Habitat Company, P3 Markets and city officials to cut the ribbon on 43… Read more
Marcus & Millichap Closes Deal for Net-Leased Batavia Chipotle
Marcus & Millichap finalized the sale of a 2,350-square foot net-leased restaurant located in Batavia, Il. The asset sold for $2,050,000. Austin Weisenbeck,… Read more
Chicago Fed Survey Sees Economic Growth “Well Below Trend”
The Chicago Fed’s latest Survey of Economic Conditions (CFSEC) found that the Activity Index decreased to –37 in April from… Read more
Draper and Kramer Wins 2023 CAMME Award for 61 Banks Street in Gold Coast
Draper and Kramer, Inc. said 61 Banks Street, the firm’s 57-unit ultra-luxury boutique Gold Coast property, has been honored with a… Read more