Illinois
Clybourn Corridor Could See Tallest Residential Tower
CRM Properties Group has filed a zoning application for a 40-story, 500-unit tower at 1520-76 N. Fremont St. in Lincoln… Read more
Elkay Relocates Business Teams to Downers Grove
Elkay Manufacturing has signed a new lease for 47,073 square feet at 1333 Butterfield Rd. in Downers Grove, IL. The… Read more
Industrial Spec Starts Reach All-Time High
Amid another record-breaking quarter for Chicago industrial leasing, speculative construction in the region for the year’s first half reached the… Read more
Off-Price Concepts Lead the Market in Performance
Last October, Moody’s Investors Service predicted that off-price retailers would remain the industry’s top performers over the next 12 to… Read more
Principle Completes 40k-SF Tenant Improvement for IT Provider
Principle Construction Corp. has completed a 39,700-square-foot tenant improvement for IT solutions provider Business I.T. Source Inc. (BITS), at 850… Read more
Obama Center Groundbreaking Pushed Back to 2019
Further delays in the federal review process have pushed back the start of construction on the Obama Presidential Center in… Read more
Infill Industrial is “Where the Opportunities Are”
On the state of the market for industrial property acquisitions, moderator Mark Glagola of Transwestern and his three panelists at… Read more
New Fund Incentivizes Affordability in Target Areas
The City Council has approved a $30-million fund that will incentivize multifamily investors in targeted areas, to make at least 20%… Read more
Washington Prime Adds RoomPlace at 3 Centers
Retail REIT Washington Prime Group is adding home furnishings retailer The RoomPlace to its tenant mix at three of its… Read more
Brookfield’s $15B Acquisition Approved by GGP Shareholders
Shareholders of Chicago-based GGP Inc. approved the proposed $15-billion acquisition of GGP by Brookfield Property Partners L.P. at a special… Read more
PACE Energy Efficiency Incentives Come to Chicago
The Property Assessed Clean Energy (PACE) program will become available to building owners here. Chicago’s City Council passed legislation this… Read more
Addison Warehouse Fully Leased 4 Months After Acquisition
Wholesale supplier JDS Industries has signed a long-term lease on 350 S. Church St. in Addison, IL, and is relocating… Read more
North Branch Grocer’s Exit Spells “Excellent Opportunity”
The owners of longtime neighborhood grocer Stanley’s Fresh Fruit & Vegetables have decided to close up and take advantage of… Read more
Chemical Bank Prepares for HQ Move to Detroit
In one of Detroit’s biggest corporate recruitment coups of recent years, Chemical Bank plans to move its headquarters from Midland,… Read more
CBD Vacancies Plummet 90 Points Y-O-Y
Limited deliveries and tenant expansions helped fuel a 90-basis point drop in downtown office vacancies compared to a year earlier,… Read more
Principle Hires New Pre-Construction Director
Rosemont, IL-based Principle Construction Corp has hired Phil VanDuyne (pictured) as director of pre-construction services. He will be responsible for… Read more
Skender to Open Modular Building Facility on SW Side
Skender has leased 105,560 square feet for a modular production facility on the city’s southwest side and has hired Peter… Read more
City Proposes Short-Term Licenses to Operate Pop-Up Stores
The Emanuel administration has proposed an ordinance that would facilitate the opening of pop-up stores and restaurants by allowing retailers… Read more
Zell’s Office REIT on the Verge of Exiting Chicago Market
Chicago-based Equity Commonwealth, the office REIT chaired by Sam Zell, is on the verge of selling its last remaining local… Read more