Chicago
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
Ventas Targets Net-Zero Carbon Emissions by 2040
Ventas, Inc. has committed to achieve net-zero operational carbon emissions by 2040. The new pledge exceeds the company’s existing Science-Based… Read more
Laura Adams to Take Over as HR Chief at JLL
JLL has promoted Laura Adams to the position of Chief Human Resources Officer, CHRO. Adams will also become a member… Read more
Fixes for Troubled Mag Mile: The Urban Land Institute Report
It’s been a tough few years for one of Chicago’s premier tourist attractions, The Magnificent Mile. It’s a great and… Read more
Big Box Retailer Enters Chicago Market With New South Side Store
Flooring big box retailer Floor & Decor will expand its nationwide footprint when it opens the doors to a new… Read more