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Illinois Medical District CEO Dr. Suzet McKinney
News 2 weeks ago
Illinois Medical District CEO Dr. Suzet McKinney

This series aims to capture a moment in time, talking to men and women in commercial real estate about how their lives and businesses are being...

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Building A CRE Career Is About Patience, Hard Work And Finding Allies
News 3 weeks ago
Building A CRE Career Is About Patience, Hard Work And Finding Allies

Goldie B. Wolfe Miller may now be as well-known for her passionate efforts to mentor young women seeking to join the ranks of commercial real...

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This Week's Chicago Deal Sheet
News 1 month ago
This Week's Chicago Deal Sheet

The world's top cold storage provider expanded its reach in Chicagoland. Lineage Logistics bought a three-property portfolio totaling 712K SF from...

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Do The Suburbs Have A Running Start On Responding To Coronavirus?
News 1 month ago
Do The Suburbs Have A Running Start On Responding To Coronavirus?

After years of watching office tenants vacate suburban properties in favor of downtown, some landlords say there's a chance the advent of the...

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Some Product Distributors Are Recession-Proof And Hungry For Space In Chicago
News 1 month ago
Some Product Distributors Are Recession-Proof And Hungry For Space In Chicago

HVAC equipment distributor Johnstone Supply signed a full-building lease with developer Dayton Street Partners for its newly constructed...

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Chicago Region Has The Potential To Start Competing With Life Sciences Clusters On The Coasts
News 1 month ago
Chicago Region Has The Potential To Start Competing With Life Sciences Clusters On The Coasts

Chicagoland leaders say they want to diversify the region's economy by bringing in new industries, including life sciences, but even with its many...

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This Week's Chicago Deal Sheet
News 1 month ago
This Week's Chicago Deal Sheet

As unemployment soars, many Chicagoland neighborhoods will need more affordable housing, and two nonprofits secured funds for two such projects in...

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What Tax Relief Policies Are Cook County And Illinois Collar Counties Offering Property Owners?
News 1 month ago
What Tax Relief Policies Are Cook County And Illinois Collar Counties Offering Property Owners?

Commercial property owners across the country are asking themselves the same questions: What happens if my tenants can't pay rent? How can I keep...

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Premier Shopping Districts Are Particularly Vulnerable To Pandemic And May Need A Reset
News 1 month ago
Premier Shopping Districts Are Particularly Vulnerable To Pandemic And May Need A Reset

Chicago's Magnificent Mile is one the nation's top shopping districts, famous for its swanky shops, flagship stores and tourist attractions. But...

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Mid-Market Multifamily Rent Collection Looks Solid In May
News 1 month ago
Mid-Market Multifamily Rent Collection Looks Solid In May

Many apartment owners began worrying in March that the pandemic would empty out their bank accounts as millions of newly unemployed tenants skipped...

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Bottomed-Out Hospitality Industry Begins Hopeful Strategizing
News 1 month ago
Bottomed-Out Hospitality Industry Begins Hopeful Strategizing

After a promising start to 2020, the hotel market hit bottom fast, but operators are now picking themselves up and looking toward 2021. "Right now,...

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Casual Dining Sector Was Softening Even Before The Pandemic
News 1 month ago
Casual Dining Sector Was Softening Even Before The Pandemic

Net lease transactions in the casual dining sector were mostly put on hold by the coronavirus crisis, as tenants switched to carryout and delivery...

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Spear Street Gets A Discount On Loop Office Tower Due To Coronavirus Worries
News 1 month ago
Spear Street Gets A Discount On Loop Office Tower Due To Coronavirus Worries

Spear Street Capital completed its purchase of 225 West Wacker Drive, a 651K SF tower on the Chicago River, and ended up getting a little knocked...

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This Week's Chicago Deal Sheet
News 1 month ago
This Week's Chicago Deal Sheet

Condo deconversions keep rolling forward in Chicago. Becovic Management Group bought Shore Manor, a 90-unit condo property at 5858 North Sheridan...

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Restaurants Say Pritzker's Loosened Restrictions On Restaurants And Bars Only A Thin Lifeline
News 1 month ago
Restaurants Say Pritzker's Loosened Restrictions On Restaurants And Bars Only A Thin Lifeline

Gov. J. B. Pritzker announced Wednesday that restaurants and bars across Illinois will have the opportunity to open for outdoor seating when Phase...

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Sharp Blows To The Economy Haven't Shut Down Investment Market
News 1 month ago
Sharp Blows To The Economy Haven't Shut Down Investment Market

After a 10-year run when the commercial real estate market was awash in capital, activity slowed to a crawl in mid-March after shelter-in-place...

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This Week's Chicago Deal Sheet
News 1 month ago
This Week's Chicago Deal Sheet

Thor Equities Group sold its new 98K SF 905 West Fulton Market building in an off-market transaction to German investor Deka Immobilien. The price...

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McHugh Construction President Mike Meagher
News 1 month ago
McHugh Construction President Mike Meagher

This series aims to capture a moment in time, talking to men and women in commercial real estate about how their lives and businesses are being...

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The Restaurant Industry Is Dying And Time Is Running Out
News 1 month ago
The Restaurant Industry Is Dying And Time Is Running Out

When stories about a novel coronavirus afflicting China first appeared in local newspapers, Chicago-area restaurateurs were expecting a prosperous...

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New Boutique Office Tower Scores Full-Floor Tenant
News 1 month ago
New Boutique Office Tower Scores Full-Floor Tenant

Developer Moceri + Roszak completed in January a 20-story concrete tower at 145 South Wells and just signed a 12K SF lease with Mark Anthony...

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New Chicago Building Code Overhauls What’s Overhead
News 1 month ago
New Chicago Building Code Overhauls What’s Overhead

Architects, building owners and developers in Chicago are all going to start looking up this summer - toward the roof, that is. Some of the most...

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Pandemic Cutting Into The Budgets Of Even Well-Off Municipalities
News 1 month ago
Pandemic Cutting Into The Budgets Of Even Well-Off Municipalities

The coronavirus pandemic has led to plunging revenues for states and cities across the U. S., and with the White House and Senate Republicans...

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Pandemic To Precipitate Permanent Changes To Multifamily Amenities
News 1 month ago
Pandemic To Precipitate Permanent Changes To Multifamily Amenities

Shutting down the amenities in multifamily properties was necessary for public health, but pressure is building on managers to bring back a...

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This Week's Chicago Deal Sheet
News 1 month ago
This Week's Chicago Deal Sheet

Analysts expect new leasing in the downtown office market will largely freeze in the second quarter due to the pandemic, even as developers ready...

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Rent Collection For Mid-Market Multifamily Looks Solid For Spring, But Summer Could Be Another Story
News 1 month ago
Rent Collection For Mid-Market Multifamily Looks Solid For Spring, But Summer Could Be Another Story

The unprecedented number of job losses this spring unsettled the multifamily industry, and stakeholders are hungry for data on rent payment. A...

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Alderman Drops Opposition To New Fulton Market Residential Development
News 2 months ago
Alderman Drops Opposition To New Fulton Market Residential Development

Reversing a long-held position, 27th Ward Alderman Walter Burnett has decided he will no longer oppose residential development north of Lake Street...

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New Great Recession Threatens Loss Of Another Generation Of Minority Architects
News 2 months ago
New Great Recession Threatens Loss Of Another Generation Of Minority Architects

Kimberly Dowdell began her architecture career just as the Great Recession started to drag down the U. S. construction industry, leading developers...

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With Confusing State Ruling, Nobody Knows Anymore Where Cannabis Dispensaries Can Go
News 2 months ago
With Confusing State Ruling, Nobody Knows Anymore Where Cannabis Dispensaries Can Go

The rollout of legal recreational cannabis in Illinois slowed to a crawl when Gov. J. B. Pritzker issued a stay-at-home order in mid-March, but...

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This Week's Chicago Deal Sheet
News 2 months ago
This Week's Chicago Deal Sheet

Bellwether Enterprise Real Estate Capital, its parent company, Enterprise Community Investment, and BMO Harris Bank, along with its joint venture...

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Responding To The Pandemic Will Mean More Costs For Multifamily Landlords, Even After It Subsides
News 2 months ago
Responding To The Pandemic Will Mean More Costs For Multifamily Landlords, Even After It Subsides

Most multifamily landlords were relieved after tabulating April's overall rent collection, but experts say May, the first full month under...

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