Chicago
State of IL Awards $10M in Grants to Local Film Studios
Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity have awarded $10 million in grant funding for… Read more
Developer Snags Retail, Office Building at Huge Discount
A joint venture of Farpoint Development and MCZ Development is under contract to pay a little more than $20 million… Read more
CBRE Lands Leasing Assignment for Trophy Office Tower
CBRE has been awarded the exclusive leasing assignment at 77 West Wacker Drive, a 50-story 959,258 square foot cosmopolitan Trophy… Read more
Chicago-Based Portillo’s to Open More Locations
Chicago-based hot dog chain Portillo’s Inc. said it would open nine new restaurants in 2024 after opening 12 last year.… Read more
JPMorgan Chase Unveils Renovation Plans for Chase Tower
JPMorgan Chase has unveiled major renovation plans for Chase Tower, its local headquarters building at 10 S. Dearborn Street. The… Read more
CRG to Develop Industrial Facility Near O’Hare
CRG, a Chicago-based real estate development and investment management firm, is developing The Cubes at ORD, a 66,552-square-foot speculative industrial project… Read more
Chicago Set New High in 2023 Industrial Construction Completions
Chicago set a new high in industrial completions in 2023, with a record 40.1 million square feet of new industrial… Read more
Merchants Capital Finances $103M for Affordable Chicago Property
Merchants Capital has provided more than $54 million of debt and $49 million in Low-Income Housing Tax Credit (LIHTC) equity financing… Read more
Judge Rules Against Transfer Tax Referendum
The so-called “mansion tax,” an initiative backed by Chicago Mayor Brandon Johnson that would increase taxes on real estate transactions… Read more
Kinship PACE Enters Greater Chicago Market
Cushman & Wakefield has arranged a new long-term 15,310 square-foot lease for Kinship PACE of Illinois at the Bricktown Square… Read more
Apartments in Ravenswood Sell for $4M
Interra Senior Managing Partner Joe Smazal represented the buyer, ICM Properties, a local real estate investor. Smazal also represented the… Read more
Inland Completes Development of Healthcare Property on Chicago’s North Side
Inland National Development Company, LLC (INDC) announced that Howard Brown Health, one of the nation’s largest nonprofit LGBTQ+ healthcare organizations,… Read more
Cawley Commercial Real Estate Expands into Michigan
Cawley Commercial Real Estate has expanded its footprint in the Midwest by opening an office in Grand Rapids, Michigan. The new venture, Commerce… Read more
Allstate Taps Colliers to Sell Downtown Chicago Office Building
Allstate has hired Colliers to sell an office building the company purchased in 2022, located at 29 N. Wacker Drive,… Read more
Indoor Pickleball Chain Expands to Chicago
Pickleball Kingdom, a fast-growing indoor pickleball franchise, is looking to expand its empire, and the company is planning to open… Read more
Metra Receives $100M Fed Grant for New Railcars
Chicago’s commuter train operator is one of three organizations selected to receive funds under the Federal Transit Administration (FTA) Rail… Read more
Monroe Capital to Increase Footprint at New Chicago Loop HQ
Savills represented Monroe Capital LLC, an asset management firm, in the upcoming relocation of its Chicago headquarters to 155 North… Read more