Chicago
1000M Development Team Restarts Jahn-Designed Project with Switch to Rentals
Co-developers Time Equities, Inc. (TEI), JK Equities and Oak Capitals said Wednesday that 1000 South Michigan Ave. (1000M) will officially recommence construction in December as a… Read more
City of Hope Acquiring Cancer Treatment Centers for Reported $390M
City of Hope, a cancer research and treatment organization based in Duarte, CA, has entered into a definitive agreement to… Read more
Alliant Capital Closes $82M Lawson House Investment
Alliant Capital closed on its $82-million investment in Lawson House, a historic 24-story Art Deco building in downtown Chicago’s Near North neighborhood. Holsten Real… Read more
Interra Brokers Deal for Luxury Multifamily in Uptown
Interra Realty brokered the $16.9-million sale of a two-building multifamily portfolio in Chicago’s Uptown neighborhood. The Mondrian, located at 4714 N.… Read more
Goldie Gala Returning to In-Person Event Next Year
The Goldie Initiative has slated its 2022 Goldie Gala for Sept. 22 at a location to be announced. Next year’s… Read more
Ollie’s to Anchor Streamwood Retail Property
CBRE has arranged a new 33,000-square-foot anchor tenant lease within Westview Center in Streamwood, IL. Discount chain Ollie’s has signed a lease and… Read more
Chicago Will Host U.S. Sail Grand Prix in June 2022
Chicago has been selected to host the United States Sail Grand Prix at Navy Pier, June 18-19, 2022 as the league unveiled… Read moreCushWake, Greystone Close on Strategic Joint Venture
Cushman & Wakefield has finalized its strategic investment of $500 million in Greystone, acquiring a 40% stake in Greystone’s agency, FHA and servicing businesses. With… Read more
Structured Development Breaks Ground on First Two Big Deahl Resi Buildings
Structured Development joined representatives from the Chicago Community Land Trust (CCLT) and co-living provider Common at a groundbreaking ceremony for the first two residential buildings at The… Read more
Essex Closes Sale of West Bucktown Apartments
Essex Realty Group recently facilitated the sale of 1402 N. Maplewood Ave., a six-unit greystone apartment building in the West Side’s West Bucktown/Humboldt… Read more
Hoffman Estates Grocery Changes Hands in 1031 Exchange
Marcus & Millichap closed the sale of Valli Fresh Market, a 61,047-square-foot net-leased grocery at 850 N. Roselle Rd. in Hoffman Estates, IL. The property traded for $8,000,000. … Read more
Xenia Hotels to Sell Kimpton-Managed Loop Property for $36M
Florida-based lodging REIT Xenia Hotels & Resorts has reached an agreement to sell the 191-key Kimpton Hotel Monaco Chicago in the Loop for… Read more
Tech Platform for Farmers Markets Launches Retail Stores
WhatsGood, a technology provider for online orders at local farmers markets, is opening the first in a series of Chicago-based Farm… Read more
Interra Brokers $17M Deal for Mixed-Use Near Northwestern U.
Interra Realty brokered the $17.1-million sale of 828 Lofts, a mixed-use development with 44 apartments and one street-level retail space at… Read more
Dermody’s Deal for the Allstate Campus Isn’t an Isolated Case
Although Dermody Properties’ plans for the Allstate campus in Northbrook, IL are still evolving, one thing is pretty certain: the two-million-square-foot… Read more
Café & Bar Leases Ground-Floor Space for Second River North Location
Edie’s All Day Café & Bar completed a lease for approximately 4,000 square feet of ground-floor restaurant space at Kingsbury Center, 354 W.… Read more
Vermilion Brings Townhomes to Market in Wicker Park
Chicago-based Vermilion Development and its exclusive sales and marketing firm, @properties Development Group, have made a selection of luxury townhomes available at Alcove… Read more
Granada Homes Get Shot in the Arm with $102M for Redevelopment
Financial services company Merchants Capital recently closed $102 million in combined debt and equity financing to support the redevelopment of… Read more
United Airlines to Move Unit to Suburbs, Reduce Headcount at Willis Tower
United Airlines Holdings plans to move the network operations center that coordinates its flights globally to suburban Arlington Heights next April, slashing headcount… Read more