Chicago
Landmark Hotel Essex Will Rebrand with Le Méridien Flag
Oxford Hotels & Resorts, the Chicago-based hotel management affiliate of Oxford Capital Group, is rebranding Hotel Essex, the luxury lifestyle hotel located… Read more
Meridian Arranges Refi on Geothermal Mixed-Use in Lakeview
Meridian Capital Group arranged $57 million in financing to refinance The Residences at Eagle Building, a newly constructed, mixed-use, geothermal property in… Read more
Chicago Business Leaders Take More Positive View of Region’s Economy
Chicago-area business leaders are taking a markedly more positive view of the local economy as COVID-19 vaccines spread throughout the… Read more
Can a Data Center Market Be Too Healthy?
The Phoenix data center market is almost exceedingly healthy, with demand outpacing supply, says Mark Bauer, JLL managing director. That… Read more
Infuse Opens Café at Beacon Capital’s 303 E. Wacker
Infuse Hospitality, a company that develops and manages hospitality amenities for offices and traditional retail spaces, has opened the “Luminary,”… Read more
Mixed-Income Rentals Launch Construction in Bronzeville
James McHugh Construction Co. and Brown & Momen, Inc. launched construction on 508 Pershing at Oakwood Shores, a 53-unit mixed-use, mixed-income rental community in the… Read more
Spain’s Riu Family Plans Streeterville Hotel Aimed at Wealthy International Travelers
A venture of RIU Hotels & Resorts plans to develop a 388-key hotel at 150 E. Ontario St. in Streeterville,… Read more
Benchmarking Report Shows Energy Efficiency, Cost Savings in Chicago Properties
The Lightfoot administration released the 2019 Chicago Energy Benchmarking Report, showing nearly $74 million in savings from energy reductions in… Read more
Peak Properties Will Reposition Hyde Park Apartments as Student Housing
Peak Properties, LLC has been named to lease, rehabilitate and rebrand 30 units in the South Side’s Hyde Park neighborhood. The… Read more
Chicago Office Sector Anticipates “Imminent” Return of Workers After Hard Q1
The hardships of the pandemic carried on into the first quarter of 2021 for the Chicago office market, Newmark’s Amy… Read more
Blue Vista Adds SVP of Capital Markets
Chicago-based investment firm Blue Vista Capital Management has hired Brandon Honey as SVP of capital markets. Based in Blue Vista’s… Read more
United Aims to Hire 300 Pilots as Air Travel Rebounds
United Airlines plans to hire 300 pilots in the strongest sign yet that air travel is rebounding as more people get… Read more
Avison Team Trades Niles Industrial with Longtime Tenant
Avison Young has negotiated a 149,474-square-foot industrial building sale at 6035 Gross Point Rd. in Niles, IL. The property is fully leased to… Read more
Chicago-Based Tock Trades to Squarespace for $400M
Chicago-based Tock, a cloud-based platform serving the hospitality industry, has been acquired by Squarespace for more than $400 million in… Read more
McCormick Place Faces First Debt Service Shortfall Since Great Recession
The agency that runs McCormick Place expects to owe the state of Illinois about $15 million that taxpayers will need… Read more
City’s Largest Firehouse Opens Its Doors
Chicago city officials cut the ribbon Wednesday on a Far South Side firehouse designated as Engine Company 115. Located at… Read more
Family Partnership Ends 40-Year Hold on Lakeview Apartments
Essex Realty Group closed the sale of 3812 N. Wayne Avenue, a six-unit multifamily property located in the North Side’s… Read more
Chicago Housing Market Sees Biggest Price Gains in 15 Years
Chicago-area home prices were up 8.9% year-over-year in January, Crain’s Chicago Business reported, citing the newly released S&P CoreLogic Case-Shiller… Read more
Cresa Adds Kathryn Ditmars as General Counsel, Chief HR Officer
Kathryn “Ryndy” Ditmars has joined Cresa as general counsel and chief human resources officer, based in Chicago. She will lead… Read more