Chicago
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
VOA Illinois Cuts Ribbon on Englewood Affordable
Mayor Lori E. Lightfoot and other city officials joined Volunteers of America (VOA) Illinois for a formal ribbon-cutting for Hope… Read more
New York Investors Buying Baldwin Hills Crenshaw Plaza
New York-based LIVWRK and DFH Partners were selected by Chicago-based Capri Urban Investors to acquire the 40-acre Baldwin Hills Crenshaw… Read more
Chicago’s Morton Salt Trades in $3.2B Deal
Stone Canyon Industries Holdings (SCIH) has entered into an agreement to acquire K+S Aktiengesellschaft’s Americas salt business, including Chicago-based Morton… Read more
Evergreen Wins Plaudits for Library/Senior Housing Projects
Two co-located library and senior housing developments Evergreen Real Estate Group completed last year on Chicago’s North Side have won… Read more
RMK Adds to South Loop Management Portfolio
RMK Management Corp. was selected to oversee property management for Wells Place Luxury Apartments, an 84-unit boutique luxury apartment building that… Read more
Inland Markets Sports-Plex in Dolton
Inland Real Estate Commercial Brokerage is marketing a 4.2-acre sports-plex property in Dolton, IL. Located at 15030 Dante Ave., near the… Read more
TradeLane Acquires West Side Industrial
TradeLane Properties has added 4444 W. Ferdinand St. in the West Side’s West Garfield Park neighborhood to its Chicago focused… Read more