Illinois
CVS Completes $10.6B Acquisition of Oak Street Health
CVS Health said Tuesday it had completed its $10.6-billion acquisition of Chicago-based Oak Street Health. The all-cash deal was announced… Read more
Monarch Alternative Capital Expands Hospitality Portfolio Through Loan Purchases
Monarch Alternative Capital has added two properties to its hospitality portfolio through the purchase of non-performing mortgage loans on the… Read more
Loop Apartments Trade at 20% Markdown on Development Costs
Oregon-based Green Cities has acquired Lake & Wells, a 329-unit rental apartment building at 210 N. Wells St. in Chicago’s Loop, from… Read more
Real Estate AI Firm Names Marc Rutzen as CEO
HelloData.ai, a real estate artificial intelligence company that develops algorithms to extract structured data from real estate images and documents,… Read more
Skender Partnership Launches Renovations to West Side Senior Living Properties
Skender and its joint venture partner, Blackwood Group, have started the extensive renovation of two West Side senior living apartment buildings… Read more
Chicago Industrial Vacancies Post First Increase Since Q4 2020
Despite strongly positive net absorption and an uptick in new leasing volume, Chicago’s industrial vacancy rate increased during the first… Read more
Hyatt to Acquire Travel Booking Platform Mr and Mrs Smith
Hyatt Hotels Corporation has agreed to acquire London-based Mr & Mrs Smith, a travel booking platform offering direct booking access to… Read more
Choose Chicago Launches Campaign to Boost In-Person Attendance at Performing Arts
Choose Chicago and the Department of Cultural Affairs and Special Events (DCASE), in partnership with industry groups, launched a new… Read more
McShane JV Wraps Construction on Near South Side Mixed-Income Project
McShane Construction Company and joint venture partner Powers & Sons Construction have completed the construction of 23rd Place at Southbridge for… Read more
Upscale Restaurant to Open at Wingspan’s Mount Prospect Apartments
Big Fish Hospitality will open an upscale restaurant called The Prospect at 20West, a new luxury apartment building at 20… Read more
Chicago Office Market Sees New Highs in Direct Vacancy, Sublease Space
The health of the Chicago office market continued to decline in the first quarter of 2023 as direct vacancy rates… Read more
Hardtech Incubator mHub Will Relocate to Kinzie Industrial Corridor
Manufacturing and hardtech innovation center mHUB, said Thursday it had secured $50 million in funding for the acquisition and build-out of a… Read more
Chatham Shopping Center Owner Reaches Bankruptcy Settlement
The owner of a South Side shopping center wrecked during the George Floyd riots in 2020 has settled with its… Read more
Ware Malcomb Promotes Four at Oak Brook Office
International design firm Ware Malcomb has promoted Cameron Trefry, Michael Cody and Caroline McNulty at its Oak Brook, IL office. In… Read more
Seattle Lags Other Major Markets in Office Demand Recovery
Seattle and Chicago represented the exceptions to the rule in VTS’ latest VTS Office Demand Index (VODI). Whereas five of… Read more
Lowe’s Targets Net Zero Emissions with Solar Panels at 174 Locations
In line with its goal to reach net-zero greenhouse gas emissions by 2050, Lowe’s announced rooftop solar panel installations at… Read more
Three MOB Veterans Launch Firm to Address Healthcare’s Real Estate Needs
Three experienced commercial real estate professionals serving a niche in the national medical office building (MOB) sector have formed Capital… Read more
Chicago Fire Training Facility Breaks Ground on Near West Side
City officials and Chicago Fire FC owner and chairman Joe Mansueto joined community members at the Jane Addams Family Resource… Read more
Birk | Sklar Team Closes Sale of South Side Multifamily Trio
Kiser Group’s Birk | Sklar Team recently closed a transaction worth $8.65 million for three buildings located at 6625 S. Drexel,… Read more