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Retail Construction Drops to 20-Year Low
News 1 week ago
Retail Construction Drops to 20-Year Low

Retail construction sunk to a two-decade low in the first quarter of 2020, with just 400,000 square feet completed in 80 metro areas, according to...

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The Short-Term Rental Mark Goes Long
News 1 week ago
The Short-Term Rental Mark Goes Long

COVID-19 continues to reshape the real estate market-this time, it's altering the short term rental market. According to a report by realtor.com,...

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Chicago Trophy Office Tower Trades for $210M
News 2 weeks ago
Chicago Trophy Office Tower Trades for $210M

CHICAGO, IL - Spear Street Capital has acquired 225 West Wacker Drive in Chicago from seller, Mirae Asset Global Investments, in a $210 million...

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JLL Brokers Chicago Industrial Portfolio Sale
News 1 month ago
JLL Brokers Chicago Industrial Portfolio Sale

CHICAGO - JLL Capital Markets has closed the sale of a five-property, industrial portfolio in Tinley Park, Illinois. A sixth building within the...

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MLL Capital Plots $500M Medical Office Portfolio
News 1 month ago
MLL Capital Plots $500M Medical Office Portfolio

CHICAGO-MLL Capital has acquired a 63,067-square foot medical office building in the Ravenswood neighborhood on Chicago's North Side. The...

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First Round Financing Cleared for Mixed-Income Development
News 1 month ago
First Round Financing Cleared for Mixed-Income Development

CHICAGO - The Habitat Company has cleared its first round of financing for 43 Green, a $35 million, mixed-income, mixed-use development in Chicago...

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Cushman & Wakefield Establishes COVID-19 Employee Assistance Fund, Execs Forgo Portions of Salaries
News 1 month ago
Cushman & Wakefield Establishes COVID-19 Employee Assistance Fund, Execs Forgo Portions of Salaries

CHICAGO-Global commercial real estate services firm Cushman & Wakefield has launched a Global Employee Assistance Fund, which is part of a $5...

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McCormick Place to be Converted to Alternate Care Facility for Some COVID-19 Patients
News 2 months ago
McCormick Place to be Converted to Alternate Care Facility for Some COVID-19 Patients

CHICAGO-State and city officials announced on Monday plans to convert a portion of McCormick Place into a 3,000-bed Alternate Care Facility for...

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Chicago Industrial Spec Numbers Impressive in First Quarter; Future Uncertain Due to Coronavirus
News 2 months ago
Chicago Industrial Spec Numbers Impressive in First Quarter; Future Uncertain Due to Coronavirus

CHICAGO-Activity was strong in the speculative industrial market in the Chicago area in the first quarter with 21 new leases signed. According to a...

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Origin Investments Adds Monroe Aberdeen Place to its Portfolio
News 2 months ago
Origin Investments Adds Monroe Aberdeen Place to its Portfolio

CHICAGO-Locally-based Origin Investments has acquired the 120-unit Monroe Aberdeen Place apartment building in the West Loop here for $65.8 million...

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Sale of Former Mental Health Facilities Progress
News 2 months ago
Sale of Former Mental Health Facilities Progress

TINLEY PARK, IL-State officials announced on Thursday that the planned sale of the Howe Development Center and adjoining Tinley Park Mental Health...

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Illinois Cannabis Sales Totaled Nearly $35 Million in February
News 3 months ago
Illinois Cannabis Sales Totaled Nearly $35 Million in February

CHICAGO-The Illinois Department of Financial and Professional Regulation reported on Wednesday preliminary numbers indicate statewide adult-use...

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NYC Investment Firm Pays $68M for South Loop Office Building
News 3 months ago
NYC Investment Firm Pays $68M for South Loop Office Building

CHICAGO-New York City-based 601 W Companies has acquired 801 Canal St. here in the South Loop from Canal / Taylor Venture for $68 million. The 591...

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Colliers Brokers Two Chicago Area Investment Sales Deals
News 3 months ago
Colliers Brokers Two Chicago Area Investment Sales Deals

ROSEMONT, IL-A major industrial property in West Chicago and a headquarters office building in Woodridge, IL totaling more than 510,000 square feet...

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Real Estate Executive Council Appoints New CEO
News 3 months ago
Real Estate Executive Council Appoints New CEO

NEW YORK CITY- The Real Estate Executive Council, a professional trade association for executives of color in commercial real estate, has appointed...

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Whirlpool Completes $179M Sale-Leaseback Portfolio Deal
News 3 months ago
Whirlpool Completes $179M Sale-Leaseback Portfolio Deal

BENTON HARBOR, MI-Locally-based Whirlpool has closed on a $178.9-million sale-leaseback deal on four distribution centers and one manufacturing...

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WeWork, CA Ventures to Anchor River North Office Building
News 3 months ago
WeWork, CA Ventures to Anchor River North Office Building

CHICAGO-As workers began to turn the first dirt on the 448 N. LaSalle office building here, the developer CA Ventures announced on Tuesday that the...

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Big Box Demand Fuels New Space Absorption Record in Chicago
News 3 months ago
Big Box Demand Fuels New Space Absorption Record in Chicago

CHICAGO-Strong tenant demand for big box industrial buildings in the Chicago region caused a surge in new leasing and tenant expansion activity...

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Largest Condo Deconversion in Illinois Goes to NY Investment Firm
News 3 months ago
Largest Condo Deconversion in Illinois Goes to NY Investment Firm

SKOKIE, IL-CLK Properties, which is headquartered in Woodbury, NY, has purchased the 154-building, 924-unit Heritage Village condominium complex...

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Related Midwest Unveils Plan for First Phase of Massive Development in Downtown Chicago
News 3 months ago
Related Midwest Unveils Plan for First Phase of Massive Development in Downtown Chicago

CHICAGO-Related Midwest has unveiled plans for "The 78," a mixed-use project that will bring 2.8 million square feet in the first phase of...

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Cushman & Wakefield Strikes Deal to Acquire National Multifamily Manager
News 3 months ago
Cushman & Wakefield Strikes Deal to Acquire National Multifamily Manager

CHICAGO-Cushman & Wakefield reports it has entered into a definitive agreement to purchase the third largest US multifamily property management...

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Mayor Proposes Taking TIF Deals ‘Out of the Shadows’
News 3 months ago
Mayor Proposes Taking TIF Deals ‘Out of the Shadows’

CHICAGO-Promising greater transparency in the city's Tax Incremental Financing approval and oversight process, Chicago Mayor Lori E. Lightfoot...

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Horizon Therapeutics to Buy Former Takeda Pharmaceuticals Complex in Deerfield
News 4 months ago
Horizon Therapeutics to Buy Former Takeda Pharmaceuticals Complex in Deerfield

DEERFIELD, IL-Horizon Therapeutics plc of Dublin, Ireland reports it has agreed to acquire the three-building former Takeda Pharmaceuticals complex...

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Long-Vacant Hospital Property to be Converted to Senior Housing
News 4 months ago
Long-Vacant Hospital Property to be Converted to Senior Housing

CHICAGO-Construction has begun on the adaptive reuse of the long-shuttered Ravenswood Hospital into a 193-unit affordable senior housing project....

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‘Big Red’ Reportedly Under Contract for $370M
News 4 months ago
‘Big Red’ Reportedly Under Contract for $370M

CHICAGO-The John Buck Co. is poised to sell the 1.2-million-square-foot 333 S. Wabash Ave. office building, known in the market as "Big Red" to a...

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Chicago’s Industrial Market Heated Up in Fourth Quarter
News 4 months ago
Chicago’s Industrial Market Heated Up in Fourth Quarter

CHICAGO-The Chicago industrial market saw a host of large deals in late 2019 that stabilized the overall vacancy rate at 6.1%, according to a...

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Growing E-Commerce Marketing Firm Expands Presence in Addison
News 4 months ago
Growing E-Commerce Marketing Firm Expands Presence in Addison

ADDISON, IL-Fast growing CPG. IO has signed a new deal to convert its sublease to a direct-lease and expand its presence at the 1150 N. Swift Road...

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CA Ventures Rolls Out $12B Student Housing, Residential Investment Plan
News 4 months ago
CA Ventures Rolls Out $12B Student Housing, Residential Investment Plan

CHICAGO-Locally-based CA Ventures says it will embark on a $12-billion investment strategy for the firm's North American student housing and...

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Illinois Cannabis Sales Totaled Nearly $11M in First Five Days of New Law
News 4 months ago
Illinois Cannabis Sales Totaled Nearly $11M in First Five Days of New Law

CHICAGO- The Illinois Department of Federal and Professional Regulation reports that statewide adult-use cannabis sales from the first five days of...

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Origin, Cedar Street JV Start Work on New $65M Multifamily Project in QOZ
News 4 months ago
Origin, Cedar Street JV Start Work on New $65M Multifamily Project in QOZ

CHICAGO-Construction has begun on a new $64.5-million multifamily project in the city's Pilsen neighborhood by a joint venture of Chicago-based...

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