Chicago
Strong Investor Appetite Leads to Lincoln Park Multifamily Sale
Interra Realty brokered the $8.18-million sale of a 51-unit multifamily property in Chicago’s Lincoln Park neighborhood. The property, 2718 N.… Read more
Florida Architecture Firm Opens Chicago Office
Orlando-based Baker Barrios Architects has opened a Chicago office on Wacker Drive in the city’s Loop. This is the fourth office for the… Read more
Shapack Plan for Apartments, Hotel Near Chicago Casino Wins City Council Approval
Shapack Partners’ plans to build hundreds of apartments and a hotel near the planned Chicago casino were approved by the… Read more
Rogers Park Apartments Trade to Local Investor in 1031 Deal
Essex Realty Group, Inc. recently facilitated the sale of 6517-6523 N. Newgard Ave, a 24-unit multifamily property in Rogers Park… Read more
CREATE Program Breaks Ground on Flyover Spanning CSX Rail Yard
The Chicago Region Environment and Transportation Efficiency (CREATE) Program broke ground on the largest CREATE project to date, The Forest… Read more
Bradford Allen Named Leasing Agent at Cohen Brothers’ 750 Lexington Ave.
Bradford Allen has been selected by Cohen Brothers Realty Corporation as office leasing agent for 750 Lexington Ave. in Manhattan’s… Read more
Related Midwest Hints at Change in West Loop Development Plans with New Acquisition
Related Midwest paid $10.1 million for a small property across the street from where it plans one of the West… Read more
Northwestern Memorial Plans Medical Office Space at Adjacent Streeterville Hotel
Northwestern Memorial HealthCare plans to turn two floors of the Hyatt Centric Chicago Magnificent Mile hotel in Streeterville into medical… Read more
Bellwether Enterprise Adds Senior Originator in Chicago Office
Bellwether Enterprise Real Estate Capital LLC (BWE) has hired Eric McGlynn as SVP and senior originator in the Chicago office.… Read more
Clear Height Properties’ Leasing Rises 127% Y-O-Y in Q3
Clear Height Properties has completed 31 new and renewal leases totaling 175,538 square feet in the third quarter of 2022… Read more
Chicago General Obligation Bonds See First Rating Upgrade in Years
Fitch Ratings upgraded its long-term ratings for the City of Chicago’s General Obligation Bonds (GO) for the first time in… Read more
Ambassador Hotel in Gold Coast on the Market; May Sell at a Loss
A venture of Hong Kong-based Gaw Capital Partners has hired hotel real estate brokerage RobertDouglas to sell the 285-key Ambassador… Read more
Chicago Plan Commission Endorses Shapack Proposal for Apartments, Hotel in West Town
The Chicago Plan Commission on Thursday endorsed developer Jeffrey Shapack’s long-term proposal to build more than 2,200 residential units and a… Read more
Chicago Industrial Vacancies Stay Flat in Third Quarter
Chicago-area industrial real estate vacancy rates remained flat at the end of the third quarter of 2022, the first time… Read more
River North Apartments Trade for Less Than 2011 Purchase Price
San Francisco-based FPA Multifamily paid $89 million for a River North apartment tower, a price that Crain’s Chicago Business reported reflects… Read more
Workbox Launches Venture Capital Arm Focused on Future of Work
Workbox, the Chicago-based specialized flexible office operator, has launched Workbox Ventures, the brand’s new venture capital arm focused on the “Future of… Read more
Multi-Tenant Industrial Changes Hands in Rolling Meadows
Marcus & Millichap finalized the sale of Carnegie Street Business Center, a 25,800-square-foot industrial property in Rolling Meadows, IL. The… Read more
Investment Advisory Firms BDT, MSD to Merge
Chicago-based BDT & Company Holdings and Michael Dell’s MSD Partners, L.P. have entered into a business combination agreement to create… Read more
Survey: Gloom Invades Investor Sentiment
Rising interest rates, continued supply chain disruptions, labor shortages and recession threats are putting investors in a gloomy mood, according… Read more