Illinois
Multifamily’s Recovery from Pandemic Shows Bifurcation by Market
Multifamily performance has rebounded quickly from the pandemic slowdown, but there are exceptions in urban gateway metro submarkets. A study… Read more
Deurbanization Means Two Different Things in Charlotte and San Francisco
On the question of office workers returning to the office as the economy reopens, Green Street’s view is that about… Read more
Restaurant Segments Are Recovering from 2020, Some Faster Than Others
Few segments of commercial real estate were hit as hard by the pandemic as restaurants, with many closing their doors… Read more
Lightfoot Administration Issues RFP for Chicago’s First Casino
The City of Chicago on Thursday issued a Request for Proposals (RFP) to identify an operator to develop and run… Read more
Lendlease, Magellan Launch Pre-Leasing at Lakeshore East Tower
Lendlease and co-developer Magellan Development Group launched pre-leasing at Cascade, a 37-story, 503-unit luxury apartment tower at 455 E. Waterside Dr. in… Read more
Sterling Bay Finalizes Remediation at Lincoln Yards
Sterling Bay said Thursday it had remediated more than 54 million pounds of polluted soil at Lincoln Yards, the 53-acre… Read more
Cinespace Plans 19 New Soundstages on West Side
Currently maxed out on capacity, the owner of Chicago’s booming Cinespace Chicago Film Studio hopes to increase the number of… Read more
Lee IL Arranges Full-Building Lease in Bensenville
Lee & Associates has closed a long-term lease transaction for a 306,918-square-foot industrial property located at 1010 Foster Ave. in Bensenville,… Read more
City Council Enacts Lightfoot’s Revisions to Affordable Ordinance
Chicago’s City Council on Wednesday approved the revised Affordable Requirements Ordinance (ARO) recently introduced by Mayor Lori Lightfoot. The revised… Read more
Greenstone Lists Historic Germania Club in Gold Coast
Greenstone Partners is marketing the historic Germania Club in the Gold Coast neighborhood of Chicago. Danny Spitz and Jason St.… Read more
Kiser Group Arranges $32M Deconversion Sale
Kiser Group advised on the $32.3 million sale of The Barry Quad, a three-building, 115-unit condominium deconversion in the North… Read more
Circa-1891 Apartments Trade in Bronzeville
Interra Realty brokered the $1.5-million sale of 4520 S. Vincennes Ave., an 18-unit apartment community in the South Side’s Bronzeville neighborhood. The price… Read more
Vacancies Rise in Suburban Office, But Tenants Return to the Market
The first quarter brought stirrings of life in Chicago’s suburban office market, according to reports by Colliers and JLL. Both… Read more
Amazon Boosted Illinois Workforce by 72% in 2020
Amazon bucked the trend among employers in Illinois during 2020, adding 15,000 employees to increase its statewide headcount by 72%.… Read more
Thor and QuadReal Sign Two Tenants in Fulton Market
Thor Equities Group and QuadReal have secured leases with Teknion and Zeppola Bakery for more than 23,000 square feet at… Read more
Parkview Furnishes Loan for Ground-Up Construction on Northwest Side
Parkview Financial provided a $9.76-million construction loan to a joint venture of Noah Properties and MPM Holdings for the ground-up construction… Read more
Lightfoot Administration Unveils Citywide Recovery Plan for the Arts
Mayor Lori Lightfoot, the Department of Cultural Affairs and Special Events, the Chicago Park District and other City of Chicago… Read more
Bell Works Chicagoland Cuts Ribbon on Co-working Facility
Officials from the Village of Hoffman Estates joined Somerset Development recently to celebrate the grand opening of coLab at Bell… Read more
Chicago DPD Unveils 15 Proposals for INVEST South/West Projects
Fifteen mixed-use proposals for INVEST South/West opportunity sites are available for public review and comment on the Chicago Department of… Read more