Chicago
CushWake: Higher Cook County Assessments Less Impactful Than Expected
Commercial property owners in Cook County have been bracing for higher tax bills – the expected outcome of a three-year reassessment led… Read more
Lightfoot Rolls Out Reforms to TIF Program
Mayor Lori Lightfoot on Wednesday announced a major overhaul of the city’s tax increment financing (TIF) approval and oversight process. The… Read more
AIA Brokers Sale of Value-Add Apartments Near Loyola U.
Apartment Investment Advisers (AIA) recently sold a 40-unit apartment building near Loyola University in the North Side’s Rogers Park neighborhood.… Read more
Andersonville Mixed-Use Trades to Investment Group
A 12-unit mixed-use building at 1657-1659 W. Foster Ave. in the North Side’s Andersonville neighborhood has traded for approximately $2.7… Read more
Buildout Begins for BofA Offices at Namesake Tower
Skender recently started interior construction of the 536,000-square-foot office relocation for Bank of America’s downtown Chicago offices. Relocating from its current… Read more
Ken Sacco Joins Avison Young from Accenture
Ken Sacco has joined Avison Young as a principal, based in Chicago. Sacco joins Avison Young from Accenture, and will advise… Read more
CA Ventures Puts Focus on Healthcare with New Division
CA Ventures, based in Chicago, launched a medical office and life sciences division, and appointed Russell Brenner as president of… Read more
Prologis’ $13B Acquisition of Liberty Property Trust Completed
San Francisco-based Prologis, Inc. (NYSE: PLD), completed its all-stock acquisition of Liberty Property Trust (NYSE: LPT) for $13 billion. The transaction expands Prologis’… Read more
CoreSite Seeks Data Center Incentives Through IL Program
CoreSite Realty Corporation said Monday it’s pursuing a final incentive agreement related to its new ground-up data center development in… Read more
Essex Lists Apartments in Dorchester Arts District
Essex Realty Group’s Brian Mond and Associate Ben Bakula have listed 6800 S. Dorchester Ave. for $5,300,000. The 62-unit multifamily property is located… Read more
Higher-Income Renters Fuel Chicago’s Apartment Market
The number of Chicago-area renters earning $75,000 or more rose 38.8% between 2010 and 2018, says a national report from… Read more
Dayton Street Promotes Moriarty to Acquisitions Director
Joe Moriarty has been promoted to director–acquisitions at Dayton Street Partners, a Chicago-based industrial and logistics real estate investment firm. In… Read more
City Wraps Up Input Meetings for INVEST South/West Program
The Lightfoot administration on Friday wrapped up its series of community engagement meetings intended to gather public input for its… Read more
Artisanal Ice Cream Parlor Joins Retailers at Fifield’s Logan Apartments
Jeni’s Splendid Ice Creams signed a lease for ground-floor space at Fifield Cos.’ Logan Apartments, a new-construction apartment development in… Read more
Chicago Ranks in Top 10 for Largest Industrial Leases
Although the food & beverage industry significantly expanded its share of the largest 100 U.S. industrial & logistics leases by… Read more
Skender Begins Buildout for Upwork Expansion
Skender has started construction on a 34,000-square-foot expansion to Upwork’s current space at AEW Capital Management’s 525 W. Van Buren… Read more
A Guide to Midwestern Apartment Markets
By Paul Bubny Among Midwestern metro areas, only Minneapolis/St. Paul figures in the top 10 of Marcus & Millichap’s National… Read more
New York’s Office Sales Crown Slips in 2019
Although it’s generally regarded as the monarch of U.S. office markets, New York City’s crown slipped in 2019. The year’s… Read more
ML Realty Completes 479K SF of Leases in Chicago, Suburbs
ML Realty Partners recently completed 479,249 square feet of industrial leases across its portfolio in Chicago and the suburbs. The… Read more