Chicago
City to Offer Obama Foundation 99-Year Lease on Center
Under a proposed land-use ordinance, the Obama Foundation will be offered a 99-year lease on the Obama Presidential Center it… Read more
O’Hare Tops Airport Rankings for Connections
O’Hare International Airport has been named the best-connected U.S. airport in the nation for 2018, and a leading international hub… Read more
ADR, RevPAR Increase Modestly Across Central Midwest
Although hotel occupancy remained flat across the Central Midwest, regional ADR and RevPAR registered modest increases during the year ending… Read more
Spec Industrial is on the Rise, And So is Demand (Video)
(Second of two parts) Chicago’s industrial sector is among the busiest in the nation, from the standpoint of both leasing… Read more
Office, Industrial Markets Q&A with Colliers’ David Amsterdam
Creative workspaces are shaping the office environment across the country in new and interesting ways. Connect Media asked Colliers International’s David… Read more
Senior Affordable MF Investment Property Sells in Chicago
Willa Rawls Manor, a 123-unit senior affordable multifamily investment property in Chicago has traded hands. Total value of the transaction… Read more
Investcorp Claims 7-Market, 4.5M-SF Industrial Portfolio for $300M
New York-based Investcorp acquired its largest U.S. warehouse portfolio, totaling roughly 4.5 million square feet, for a total purchase price… Read more
HUD Loan Makes Lansing Developer’s 10-Year Dream a Reality
Greystone has provided a $17-million HUD-insured loan for a 145-unit apartment community to be built blocks from the Michigan state… Read more
Red Roof Goes Upscale with Streeterville Hotel
Red Roof has introduced a more upscale brand with the opening of the St. Clair Hotel in Chicago’s Streeterville neighborhood.… Read more
Industry Veteran Bertrand Joins Transwestern in Agency Leasing
Kathleen Bertrand has joined Transwestern’s agency leasing group in Chicago as SVP. She’ll be responsible for overseeing leasing and marketing… Read more
Amazon Brings Cashierless Store to the Loop
Amazon has opened its first Amazon Go store outside of its Seattle hometown. The 2,000-square-foot, cashierless grab-and-go food store is… Read more
3 CRE Q&A: Wright Heerema Architects’ Roger Heerema on Spec Suites
Office building owners are converting hard-to-lease square footage into spec suites, as a way to attract start-ups and other companies… Read more
A Decade After Housing Bust, California Markets Pace Recovery
A decade after the collapse of the housing market and start of the Great Recession, home values have more than… Read more
West Loop Loft Offices Trade at Near-Record Price
A four-story property at 1027-1031 W. Madison St. has traded at one of the highest prices paid on a per-square-foot… Read more
Amazon May or May Not Be Tenant for 2.6M-SF Twin Cities Center
Carmel, IN-based Scannell Properties is planning to build a four-level fulfillment center as part of its 230-acre NorthPark Business Center… Read more
Greenberg Traurig Adds Counsel in Real Estate Practice
Susanna M. Brown has joined the Chicago office of global law firm Greenberg Traurig LLP as counsel in the firm’s real estate practice. Before joining Greenberg… Read more
Faber-Castell Cosmetics Opening U.S. Facility in Elgin
Faber-Castell’s private-label cosmetics platform has leased its first North American manufacturing facility in Elgin, IL. The $9-million facility will produce… Read more
Construction Ebbs for the Second Year in a Row
For the second year in a row, construction activity in the Chicago area is down on a dollar volume basis,… Read more
Essex Realty Closes 2nd Hyde Park Sale in 2 Months
Essex Realty Group has arranged the sale of 5417 S. Drexel Ave. an eight-unit, center-entrance brick apartment building in Chicago’s… Read more