Chicago
Hyatt Hotels CEO Sees Encouraging Signs Despite Quarterly Losses
Unsurprisingly given the COVID-19 pandemic’s impact on lodging, Chicago-based Hyatt Hotels Corporation reported a 376% year-over-year decline in net income,… Read more
GCM Grosvenor Will Become Public Company Following Merger
Chicago-based global alternative asset management firm GCM Grosvenor will become a public company through a merger with CF Finance Acquisition… Read more
City Expands Outdoor Dining Program
The Lightfoot administration on Monday announced an expansion of its Outdoor Dining Program that has already allowed more than 250… Read more
Gurnee Parcel Sells for Future Hotel Use
A land parcel at 5742 Northridge Dr. in Gurnee, IL was recently sold to a developer with plans to build a hotel. Paul… Read more
Proposed West Loop Tower Heads for Approvals
Vista Property Group is seeking approval for a new office building at 609 W. Randolph St. in the West Loop, Crain’s… Read more
Nonprofit Openlands Renews Longtime Tenancy
Bradford Allen’s Jonathan Seeley and Merrick Wells completed a lease extension on behalf of Openlands. The Chicago-based nonprofit signed a… Read more
Lightfoot Appoints New Buildings Commissioner
Matthew W. Beaudet has been named Commissioner of Chicago’s Department of Buildings (DOB). Beaudet, who served as Acting Commissioner for… Read more
Chicago Home Sales Down 29% Y-O-Y in June
The city of Chicago saw year-over-year home sales decrease 29.1% with 2,020 sales in June, compared to 2,850 a year… Read more
Essex Realty Lists Ravenswood Boutique MF
4540 N. Ravenswood Ave., a new boutique multifamily property in the North Side’s Ravenswood neighborhood, has been listed for sale… Read more
Dalfen Partners with Goldman Sachs on Multi-State Industrial Deal
Dallas-based Dalfen Industrial will partner with Goldman Sachs Merchant Banking Division on a 46-property last-mile industrial portfolio. Financial terms of the… Read more
Bronzeville’s Mercy Hospital Will Close in Early 2021
Mercy Hospital, located at 2525 S. Michigan Ave. in Bronzeville, will close sometime between Feb. 1 and May 31 of… Read more
First Western Closes Deals in Tri-Taylor, Little Italy
First Western Properties finalized the acquisition of two greystone properties on Chicago’s West Side: the six-unit 1434 W. Flournoy in… Read more
Watermark Lodging Completes $450M Financing with Oaktree, Ascendant
Watermark Lodging Trust, a Chicago-based hotel REIT formed by the merger of two former Carey Watermark vehicles, has completed a strategic… Read more
Pandemic, Property Taxes Weigh on Chicago CRE, Says DePaul/ULI Study
More than 60% of real estate professionals with ties to The Real Estate Center at DePaul University and the Urban Land Institute… Read more
NRC Markets Two Foreclosed Properties in West Ridge
NRC Realty & Capital Advisors was retained to sell two commercial properties in the North Side’s West Ridge neighborhood. Located at… Read more
West Loop’s Two-Tower Porte Launches Move-Ins
Lendlease Development and The John Buck Company, together with partner Intercontinental Real Estate Corporation, launched move-ins at Porte, a two-tower, mixed-use development at 855 W. Madison St. in… Read more
Ventas Forges New Agreements with Brookdale
Ventas, Inc. has entered into a revised master lease agreement and other agreements with Brookdale Senior Living Inc. The revised… Read more
IDI Logistics Names Gibbel VP of Capital Deployment
IDI Logistics appointed Scott Gibbel as VP of capital deployment and leasing for the company’s Chicago region. Based at IDI’s… Read more
Marcus & Millichap Closes Deal for Omaha La Quinta
Marcus & Millichap arranged the sale of La Quinta Inn by Wyndham Omaha – Northwest, a 129-room hospitality property in Omaha. Pricing… Read more