Illinois
Chicago Industrial Shows Signs of Slowing Down
The Chicago industrial market, which has run white-hot since the start of the pandemic nearly three years ago, exhibited signs… Read more
Madison Square Garden Files for Spin-off of Live Entertainment Business
Madison Square Garden Entertainment Corp. (MSGE) said Friday that it’s moving forward with the spin-off of its traditional live entertainment… Read more
Shopping Center Vacancy Reaches Historic Lows
Retail shopping center real estate markets remained strong in the fourth quarter of 2022, as resilient demand drove shopping center… Read more
Buildout Acquires Visual Media Solutions Provider
Chicago-based Buildout, the developer of a commercial real estate (CRE) platform used by one-third of brokers to find, win, market… Read more
Two-Building North Side Portfolio Goes for $13M
Chicago-based multifamily brokerage firm Essex Realty Group Inc. recently facilitated the sale of a two-building portfolio consisting of 4600 N.… Read more
Streeterville Apartment Tower Breaks Ground in “Symbol of Chicago’s Recovery”
City officials joined developers Wednesday at the groundbreaking for The Saint Grand, Streeterville’s newest mixed-use development. The project is a… Read more
Newer Stock and Shorter WALTs Have an Edge in Industrial Real Estate
Industrial real estate per se is a favored asset class. However, for tenants and investors alike, there are clear lines… Read more
Nominate Commercial Real Estate’s Top Leasing and Sales Brokers
In 2022, a year which added macroeconomic challenges to the mix, commercial real estate’s dealmakers got it done. Do you know… Read more
CBRE Closes West Loop Office Sale for Boys Scouts of America
CBRE has arranged the sale of a 20,000-square-foot office building on 17,500 square feet of land in Chicago’s West Loop… Read more
Lincoln Property, Gilbane Secure Permit for Uptown High-Rise Project
Lincoln Property Company and Gilbane Building Company recently received approval for the complete building permit for a new high-rise residential… Read more
Monarch Realty Closes Deals for Three South Side Properties
Monarch Realty Partners, a Chicago-based multifamily brokerage firm, has negotiated the sale of three multifamily properties consisting of 93 units… Read more
Multifamily Sale Posts Oak Lawn’s Highest Price in a Decade
Interra Realty brokered the sale of an 84-unit multifamily portfolio in the Chicago suburb of Oak Lawn, IL. The properties,… Read more
Apollo Takes Control of CBOT Building with Deed-in-Lieu
Apollo Global Management has taken control of the Chicago Board of Trade Building in Chicago’s Loop and hired locally based… Read more
NewCold Upsizes by Nearly 600% at 500 W. Madison
Colliers’ Dougal Jeppe represented NewCold in its North America headquarters expansion at KBS’ 500 W. Madison St. in Chicago’s West… Read more
First Western Arranges Dollar General Renewal in Pilsen/Little Village
First Western Properties arranged a Dollar General retail lease in Pilsen/Little Village on Chicago’s West Side. The renewal at 2740… Read more
Landmarks Commission Will Consider Designation for Promontory Point
The Commission of Chicago Landmarks will take an initial vote Thursday on a proposed plan to designate Promontory Point a… Read more
Kimco Trades Batavia Shopping Center to PMAT
JLL Capital Markets closed the $20.5-million sale of Wind Point Shopping Center, a 274,282-square-foot, grocery-anchored, open-air retail asset located in Batavia, IL.JLL… Read more
UChicago Medicine Assumes Control of Four Suburban Hospitals
The University of Chicago Medicine and AdventHealth have closed on a transaction to form a joint venture called UChicago Medicine AdventHealth, with UChicago… Read more
Fulton Street Development Boom Raises Questions About Infrastructure
New construction is making the trendy Fulton Market District look a lot more like downtown. Now city officials must decide… Read more