Chicago
Why Is this Recession Different? For One Thing, Land Sales for Residential Development Are Up
By Dan Spiegel, Coldwell Banker Commercial What is driving these anomalistic land sales for residential development? Since February, the U.S.… Read more
Landmark Art Deco Tower Will Become Chicago’s First Pendry Hotel
California-based Montage International acquired the landmark Carbide & Carbon Building at 230 N. Michigan Ave. and will renovate the Art… Read more
Zell Sees Economic Risk in Rising U.S. Debt
Sam Zell said Thursday that he’s worried about trillions of dollars in stimulus spending by Congress and a resulting rise… Read more
Ravenswood Mixed-Use Trades to Local Buyer
Essex Realty Group arranged the sale of 4401-4407 N. Mozart St., a 19-unit mixed-use property in the North Side’s Ravenswood… Read more
Dale Todd Joins Stream in Industrial Development Division
Stream Realty Partners hired Dale Todd as senior director of Stream’s Industrial Development Services Division. Todd will be based out of Stream’s Dallas… Read more
Lightfoot Aims to Close $1.2B Gap with “Recovery” Budget
Mayor Lori Lightfoot on Wednesday presented a $12.8-billion 2021 Budget to Chicago City Council. The mayor proposed a “modest” $94-million… Read more
Hilco to Oversee 17-Property South Side Bankruptcy Sale
Hilco Real Estate, LLC announced Nov. 3 as the bid deadline for a court-supervised bankruptcy auction of 17 multifamily properties on Chicago’s South Side,… Read more
Pritzker Imposes COVID Resurgence Mitigations in Chicagoland
Gov. JB Pritzker said Tuesday that COVID-19 resurgence mitigations will be implemented in four suburban Chicago counties, including Will and… Read more
Helios Visions, T2D2 Partner on Drone Façade Inspections
Chicago-based drone services company Helios Visions has joined forces with T2D2, a software as a service (SaaS) platform that uses… Read more
Office Leasing Rebounds Nearly 40% in Chicago Suburbs
Although still constrained by the COVID-19 pandemic, the Suburban Chicago office market saw some wind return to its sails in… Read more
“Lightscape” Displays Removed from State Street After 9-Year Run
Chicago Loop Alliance has removed “Lightscape” after a nine-year run for the light and sound installation in State Street’s planter boxes. The… Read more
Lightfoot: Chicago is in ”Second Surge” of Pandemic
Mayor Lori Lightfoot and Public Health Commissioner Allison Arwady sounded the alarm on Monday over a significant rise in COVID-19… Read more
Westward360 Acquires Pabcor’s Association Portfolio
Westward360, a North Side-based provider of real estate management services for community associations and rental property owners, acquired the community association… Read more
MOB Specialist Bauman & Co. Enters Chicago Market
Atlanta-based Bauman & Company LLC, which specializes in acquiring, leasing and managing medical office buildings, has expanded into Illinois with… Read more
Transwestern, Cohesion Partner on Smart Building Platform
Transwestern Real Estate Services and Chicago-based Cohesion, a smart-building SaaS company, have launched TranswesternHub, an intelligent building software platform. TranswesternHub is powered… Read more
AHR Expo Cancels 2021 McCormick Place Date
Cancellations at McCormick Place have now extended into events scheduled for 2021. The International Air-Conditioning, Heating, Refrigeration (AHR) Expo, scheduled for… Read more
Pritzker Extends Residential Eviction Ban to Nov. 16
Gov. J.B. Pritzker on Friday extended his executive order prohibiting residential evictions across Illinois. The extension, which runs through Nov.… Read more
Comcast Adds to Downtown Fiber Network
Comcast has built an additional mile-and-a-half of fiber to reach more than 200 downtown Chicago businesses in the Loop, South… Read more
Apartment Fundamentals Rebound from Shaky First Half of 2020
From the standpoint of investor demand, the apartment sector remains at or near the top of the class, rivaled only… Read more