Chicago
EQ Office, Industrious Partner at Willis Tower
EQ Office and workplace provider Industrious are partnering to open more than 52,000 square feet at Willis Tower. It’s the latest of… Read more
Arts Plaza Proposed for Lincoln Square
A new arts plaza would be developed in the North Side’s Lincoln Square through a financial proposal introduced to City… Read more
Lendlease, Aware Super Pay $111M for Brooklyn Waterfront Parcel
(Updated with additional information) A partnership of Lendlease and Aware Super, one of Australia’s largest superannuation funds, acquired a 2.6-acre… Read more
Bank Moves Offices from Fulton Market to The Fields Redevelopment
The Federal Savings Bank, a privately held and veteran-owned federally chartered bank, has signed a long-term lease for 50,000 square… Read more
BSH Home Appliances Will Expand theMART Space
J.C. Anderson was selected to complete an expansion for BSH Home Appliances Corporation’s Experience and Design Center at Vornado Realty… Read more
South Side Portfolio Sells at Auction
Two investment firms are taking over 45 South Side apartment buildings owned by a beleaguered nonprofit, offering to pay $18.6… Read more
Value Inn Trades in Kenosha
Marcus & Millichap closed the sale of Value Inn, a 112-room hospitality property located in Kenosha, WI. The property sold for $2,800,000. The… Read more
Schools Have Real Estate to Monetize. Now’s the Time to Do So
Earlier this year, the Moody Bible Institute made headlines in Chicago with a sale of surplus land north of its… Read more
Family Office Set to Pay $430M for McDonald’s Headquarters
A high-net-worth family office based in Pittsburgh is finalizing a deal to buy the McDonald’s headquarters building for $430 million, the biggest… Read more
Hilco Redevelopment Sponsors HACIA’s Pre-Apprenticeship Program
Hilco Redevelopment Partners (HRP), the real estate development unit of Hilco Global that remediates and redevelops obsolete industrial properties, announced the sponsorship of… Read more
Chicago Restaurants See a Pair of Wins on Winterizing
Mayor Lori E. Lightfoot on Thursday announced a pair of wins for Chicago’s restaurant community. First, in collaboration with the… Read more
Home Builder Scores Former Golf Course
Marcus & Millichap finalized the sale of Terrace Hill Golf Course, a disused 140-acre facility located in Algonquin, IL. Terms of the… Read more
South Shore Portfolio Snapped Up by Out-of-State Buyer
Essex Realty Group closed the sale of the 34-unit 7748 S. Kingston Ave. and 18-unit 7400 S. Chappel Ave. in the South… Read more
South Loop Apartments Fetch $190M in Year’s Priciest Deal
San Francisco-based Iconiq Capital is paying $190 million for Essex on the Park, a 479-unit high-rise luxury apartment tower at… Read more
RLI Debuts New Fund with Indiana Clinic Acquisition
Robert Lynn Investments (RLI), the investment division of Dallas-based NAI Robert Lynn, acquired a 23,346-square-foot dialysis center and clinic at… Read more
Second City Empire Goes Up for Sale
The owners of The Second City comedy empire plan to sell the brand’s diversified business, including its flagship theater at… Read more
Avison Young Hires Chief Information Officer
Avison Young announced today the hiring of technology leader Mike Hart as principal and chief information officer. Hart will be based in the firm’s Chicago… Read more
Demand Exceeds Supply in Chicago’s Spec Industrial
Chicagoland’s industrial market saw another 18 speculative construction projects totaling 4.2 million square feet delivered during the third quarter, bringing… Read more
Optima Launches First Lakeview Project
Optima, Inc. has begun construction on Optima Lakeview, a seven-story transit-oriented development in the North Side’s Lakeview neighborhood. Located at 3460… Read more