Chicago
Willis Tower Reaches 50th Anniversary After $500M Redevelopment
EQ Office, Blackstone’s U.S. office portfolio company, announced plans to celebrate Willis Tower’s golden anniversary and iconic status in Chicago’s… Read more
SVN Chicago Closes Sale on Andersonville Commercial Corridor
Wayne Caplan of SVN Chicago Commercial helped secure the building sale at 5255-59 N Clark St. in Chicago’s Andersonville neighborhood.… Read more
Net-Leased US Bank Branch in Chinatown Sells to Local Investor
SRS Real Estate Partners’ National Net Lease Group has completed the $2.8-million sale of a single-tenant retail property occupied by… Read more
Special Servicer Puts Joliet Mall Up for Sale
After the loss of two department stores, the pandemic and an $85-million debt default, the Louis Joliet Mall has hit… Read more
Guggenheim Partners Poised to Quit Chicago, NYC for Miami
Following the lead of Citadel, another pillar of Chicago’s financial community is headed toward the exits, Crain’s Chicago Business reported.… Read more
Lincoln Park’s First Co-Living Property Nears Completion
Chicago-based Structured Development has opened a model unit at Post Chicago, a 10-story, 431-bed co-living community. Reportedly it’s the first of its… Read more
Essex Realty Lists 34-Unit Courtyard Building in Chatham
Essex Realty Group has been engaged to market the sale of 7908 S. Ingleside Avenue, a 34-unit courtyard building along… Read more
Stream Realty Entitles Its First Chicagoland Industrial Site
Stream Realty Partners has fully entitled its first industrial site in Chicagoland and will partner with Cushman & Wakefield to… Read more
CVS Completes $10.6B Acquisition of Oak Street Health
CVS Health said Tuesday it had completed its $10.6-billion acquisition of Chicago-based Oak Street Health. The all-cash deal was announced… Read more
Monarch Alternative Capital Expands Hospitality Portfolio Through Loan Purchases
Monarch Alternative Capital has added two properties to its hospitality portfolio through the purchase of non-performing mortgage loans on the… Read more
Loop Apartments Trade at 20% Markdown on Development Costs
Oregon-based Green Cities has acquired Lake & Wells, a 329-unit rental apartment building at 210 N. Wells St. in Chicago’s Loop, from… Read more
Real Estate AI Firm Names Marc Rutzen as CEO
HelloData.ai, a real estate artificial intelligence company that develops algorithms to extract structured data from real estate images and documents,… Read more
Skender Partnership Launches Renovations to West Side Senior Living Properties
Skender and its joint venture partner, Blackwood Group, have started the extensive renovation of two West Side senior living apartment buildings… Read more
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