Chicago
PACE Energy Efficiency Incentives Come to Chicago
The Property Assessed Clean Energy (PACE) program will become available to building owners here. Chicago’s City Council passed legislation this… Read more
North Branch Grocer’s Exit Spells “Excellent Opportunity”
The owners of longtime neighborhood grocer Stanley’s Fresh Fruit & Vegetables have decided to close up and take advantage of… Read more
Chemical Bank Prepares for HQ Move to Detroit
In one of Detroit’s biggest corporate recruitment coups of recent years, Chemical Bank plans to move its headquarters from Midland,… Read more
CBD Vacancies Plummet 90 Points Y-O-Y
Limited deliveries and tenant expansions helped fuel a 90-basis point drop in downtown office vacancies compared to a year earlier,… Read more
Principle Hires New Pre-Construction Director
Rosemont, IL-based Principle Construction Corp has hired Phil VanDuyne (pictured) as director of pre-construction services. He will be responsible for… Read more
Skender to Open Modular Building Facility on SW Side
Skender has leased 105,560 square feet for a modular production facility on the city’s southwest side and has hired Peter… Read more
City Proposes Short-Term Licenses to Operate Pop-Up Stores
The Emanuel administration has proposed an ordinance that would facilitate the opening of pop-up stores and restaurants by allowing retailers… Read more
Zell’s Office REIT on the Verge of Exiting Chicago Market
Chicago-based Equity Commonwealth, the office REIT chaired by Sam Zell, is on the verge of selling its last remaining local… Read more
$55M Loan Secured for 404-Bed Infinite Chicago
CA Student Living, a subsidiary of California Ventures, obtained a $55 million loan to refinance the 404-bed Infinite Chicago. Square… Read more
Holland & Knight Adopts Law Firm Trend of Smaller Footprints
In common with several legal peers, law firm Holland & Knight is reducing its office footprint in Chicago. Crain’s Chicago… Read more
Peoples Gas Bringing Service Facility to Sauganash
Peoples Gas broke ground Tuesday on the company’s new North Shop service facility at 4025 W. Peterson Ave. in Chicago’s… Read more
Kiser Brokers 7 Multifamily Deals on the South Side
Kiser Group recently brokered a four-building portfolio and three other multifamily buildings on Chicago’s South Side. With the second quarter… Read more
Virgin Hotels Sets San Francisco Opening
Virgin Group, founded by Sir Richard Branson, plans to open Virgin Hotels San Francisco this fall. The company began taking reservations… Read more
Real Estate Continues to Serve as Market Volatility “Shock Absorber”
Real estate continued to perform as a “shock absorber” against market volatility that picked up in both the fixed income… Read more
Cushman & Wakefield Sets IPO Share Price, Envisions Raising $810M
Chicago-based Cushman & Wakefield plans to offer 45 million shares, priced at between $16 to $18 each, in a U.S.… Read more
Dougherty Closes HUD Loans for Weyerhaeuser Site Redevelopment
Dougherty Mortgage has closed on HUD 221(d)(4) loans totaling $51 million for new construction/permanent financing on the two components of… Read more
Chicago-Area Home Sales Decline Y-O-Y as Prices Rise
June home sales in the nine-county Chicago metro area, including condominiums as well as single-family houses, were off 7.3% year… Read more
Chicago Trading Grows Footprint to 114k SF
CBRE represented Chicago Trading Company (CTC) in its 114,186-square-foot renewal and expansion at 425 Financial Place in Chicago, formerly known… Read more
Rio Tinto Will Open Commercial Office in the Loop
Rio Tinto will open a Chicago office by the end of this year. The 145-year-old metals and mining company reportedly… Read more