Chicago
Venture Firm Aimed at “Hard Industries” Unveils $41M Fund
The 81 Collection, a Chicago-based early-stage venture firm investing in founders building across low margin or capital intensive “hard industries”… Read more
Kenwood Apartment Portfolio Sells at 50% Above 2020 Purchase Price
Interra Realty brokered the sale of a 204-unit multifamily portfolio in Chicago’s Kenwood neighborhood. Comprising six buildings, the portfolio sold… Read more
JLL, Quiet Platforms Partner to Open Fulfillment Center Network
JLL and Quiet Platforms, a wholly owned subsidiary of American Eagle Outfitters Inc., have partnered to accelerate the opening of… Read more
Arbor Lodging Launches Residential Subsidiary
Chicago-based hotel investment and management company Arbor Lodging has launched a new subsidiary, ARLO Residential. It seeks to develop and… Read more
Edgewater Apartment Complex Trades for $40M-Plus
Two former Chicago hotel buildings later converted into apartments have been sold for more than $40 million, the Chicago Business… Read more
Fetch Moves Chicago Offices to West Loop
Shopper rewards app Fetch Rewards has signed a lease for more than 21,000 square feet on the top three floors… Read more
Joint Venture Slates January Groundbreaking for Streeterville Mixed-Use
A Jan. 11, 2023 groundbreaking is scheduled for the Saint Grand, a 21-story property on the northeast corner of Grand Avenue… Read more
Saks Reopening Two Chicago Stores It Shuttered Pre-Pandemic
Saks Off 5th is returning to State Street in the Chicago Loop after a three-year hiatus. Crain’s Chicago Business reported… Read more
Recruitment and Retention: The Essential Ingredient of the CRE Industry
There is no doubt that the backbone of commercial real estate in brokerage, finance and special services are the people… Read more
West Side Multifamily Owner Becomes Seller After Four-Year Hold
Interra Realty, a Chicago-based commercial real estate investment services firm, hast brokered the sale of a 35-unit multifamily property in Chicago’s… Read more
City Council Okays $959M TIF for CTA’s Red Line Extension
A new Transit Tax Increment Financing (TIF) district approved by the Chicago City Council on Wednesday will provide financial support… Read more
Midwest Industrial Funds Inks Two Leases Totaling 412K SF
Midwest Industrial Funds has secured more than 400,000 square feet of recent leases at its speculative developments located in Chicago’s… Read more
Highgate to Acquire Viceroy Hotels & Resorts
New York City-based real estate hospitality investment and management company Highgate has entered into a definitive agreement to purchase Viceroy… Read more
Cannabis Research Institute Coming to Chicago’s Discovery Partners Institute
The City of Chicago, State of Illinois and the Discovery Partners Institute on Thursday announced the launch of the Cannabis… Read more
Dallas Cold-Foods Distribution Center Sold to Scout Cold Logistics
Core5 Industrial Partners sold the KeHE Foods Distribution Center, a 993,912-square-foot facility, to Scout Cold Logistics. The plant had only… Read more
JRE Partners Taps Davidson Hospitality to Manage 21c Museum Hotel Chicago
Davidson Hospitality Group has been selected by JRE Partners to operate 21c Museum Hotel Chicago under its lifestyle operating vertical,… Read more
Structured Development, Burnt City Brewing Open Second Location in Wheeling
Structured Development and Burnt City Brewing recently celebrated the grand opening of the second District Brew Yards location, at 700 N. Milwaukee Ave. in… Read more
City Council Approves Rezoning for Bally’s Chicago Casino
(Updated with additional information) The Chicago City Council on Wednesday approved zoning changes to permit Bally’s to build its casino… Read more
Twin Brook Capital Expands Offices at 111 South Wacker
Union Investment is leasing the 35th floor of its office building at 111 S. Wacker in Chicago to Twin Brook… Read more