Illinois
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
Downtown Sees Flurry of Office Leases Following Quiet Q1
Lactalis Heritage Dairy’s 35,000-square-foot sublease at 540 W. Madison St. is only one of a recent flurry of office leases… Read more
Rogers Park Multifamily Trades After Five-Decade Hold
Essex Realty Group closed the sale of 2018-2020 W. Farwell Ave., a 49-unit multifamily property in Rogers Park. The firm’s… Read more
Cornell, Fordham Teams Take Top Honors in Eisenberg Foundation’s Real Estate Challenge
Cornell University’s undergraduate team and Fordham University’s graduate teams won top honors in the eleventh annual Harold E. Eisenberg Foundation… Read more
Shopoff Acquires Three Mobile Home Communities in North Central IL
Shopoff Realty Investments has acquired a 611-lot, three-property portfolio of manufactured housing communities in North Central Illinois for an undisclosed sum. The… Read more
Onni Proposes 2,600+ Apartments for Goose Island
Towers up to 56 stories tall could rise on the southern end of Goose Island under Onni Group’s proposal that… Read more
Blueprint Healthcare Expands Advisory Platform into MOBs
Chicago-based Blueprint Healthcare Real Estate Advisors said it’s expanding its platform, branching out from seniors housing into medical office brokerage.… Read more
SpringHill Suites Coming to Chinatown via New Build
Summit Design + Build, LLC recently completed the new construction of a four-story, 80,000 square foot SpringHill Suites hotel at 2353 S. Wentworth Ave.… Read more
Gibbons Creek Acquires Steam Electric Station and Reservoir
A subsidiary of Louisville, KY-based Charah Solutions recently acquired the 6,166-acre Gibbons Creek steam electric station and reservoir located in… Read more