Chicago
Office Space Demand Now at Half of Pre-COVID Levels
Demand for office space closed out the second year of the COVID-19 pandemic down 47.1% from February 2020, the last… Read more
Bridge Industrial Names Nick Siegal as Acquisitions Chief
Industrial properties specialist Bridge Industrial says it has promoted Nick Siegel to partner, acquisitions. In his new role, he will… Read more
Deadline Reminder: Nominations for Connect Media Next Generation Awards Due April 8, 2022
Time is running out to nominate commercial real estate professionals under age 35 for a 2022 Connect Media Next Generation… Read more
Longtime Restaurant Mainstay on Jewelers Row Hits the Market
Chef Jimmy Bannos has run his popular Creole-style Heaven on Seven restaurant from the seventh floor of Chicago’s historic Garland… Read more
Sterling Bay Secures Financing on First Fulton Market Resi Project
Sterling Bay has closed on $81.8 million in financing to begin construction of 160 N Morgan, a new multifamily tower… Read more
Law Firm Remains in Loop with Move to New Location
Savills arranged a multiyear lease for new client Bryce Downey & Lenkov LLC. After nearly 20 years in its current… Read more
Thor Equities Plans Industrial Development in New Jersey
Global developer Thor Equities Group has acquired a property in the fast-growing Northern New Jersey submarket, the developer’s second acquisition… Read more
First Citizen Bank’s CIT Division in $30M Industrial Loan
CIT, a division of First Citizens Bank, said its real estate finance business has provided a $29.9 million loan for… Read more
Sterling Organization Buys Chicago Grocery Store Anchored Plaza
Private equity real estate concern Sterling Organization has acquired North Mayfair Commons, a 87,274-square-foot grocery-anchored shopping center located in the… Read more
Mag Mile Capital in $5M Gold Coast Multifamily Rental Financing
Commercial real estate finance concern Mag Mile Capital has completed the financing for a luxury multifamily building in Chicago’s tony… Read more
Franklin Street Hires Newmark to Market Evanston Office Building
Franklin Street Properties has put a downtown Evanston, IL office building up for sale, reportedly the first time since the… Read more
Trio to Lead Sustainability, Inclusion and Regeneration for $8.2B Bronzeville Lakefront Mega Development
GRIT, the joint venture of developers and community groups that are undertaking a transformative redevelopment of a 100 acre swath… Read more
Eyeing Growth in the Luxury Senior-Housing Sector
Senior housing covers a broad range of types, from age-restricted housing and rental communities to assisted-living facilities. While most senior… Read more
Chicago City Council Okays $108M O’Hare Land Sale to Illinois Tollway
The Chicago City Council approved Mayor Lori Lightfoot’s agreement with the Illinois Tollway, which will transfer 202 acres of land… Read more
SnapChat Parent Set to Sign in Fulton Market
Snap, the parent of fast growing social media concern Snapchat, is set to sign for 38,000 sf in the hot… Read more
Cresco Labs, Columbia Care to Merge, Creating Leader in Cannabis Industry
Chicago-based Cresco Labs and New York-based Columbia Care said Wednesday they would merge in a deal valued at approximately $2… Read more
Urban Land Institute Recommends Makeover for Chicago’s LaSalle Street
With downtown Loop office vacancies at record levels, the Urban Land Institute is making recommendations for an overhaul of the… Read more
Chicago Narrows List of Casino Bidders to Three
The city of Chicago has narrowed the pool of applicants from five down to three, moving a step closer to… Read more
Stream Realty Tapped to Lease Central Loop’s Citadel Center
Stream Realty Partners has been tapped to lease the 37-story Citadel Center at 131 S. Dearborn St. in Chicago’s Central Loop. The… Read more