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Chicago Grants Approval For Another Amazon Fulfillment Center
News 1 month ago
Chicago Grants Approval For Another Amazon Fulfillment Center

Ryan Cos. US received a $50M construction permit Monday for a 145K SF distribution facility at 100500 South Woodlawn Ave., which will be used by...

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

The Habitat Co. has received approval from the city of Chicago for Low-Income Housing Tax Credits. The company said it will use those to help...

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HOK Director Of Business Development Kimberly Dowdell
News 1 month ago
HOK Director Of Business Development Kimberly Dowdell

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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Retail Landlords Stuck Between Struggling Tenants And Lenders Blacklisting Retail
News 1 month ago
Retail Landlords Stuck Between Struggling Tenants And Lenders Blacklisting Retail

Many landlords held their breath on April 1, waiting to see if tenants would pay the rent. Lenders were also waiting in suspense, especially those...

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McCormick Center’s Conversion Into Temporary Healthcare Facility Shifts
News 1 month ago
McCormick Center’s Conversion Into Temporary Healthcare Facility Shifts

Chicago's McCormick Place Convention Center had been set for a healthy year for conventions, but the onset of the coronavirus pandemic forced the...

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Property Tax Collections Are A Must For County Burdened By Pandemic And A Vulnerable Population
News 1 month ago
Property Tax Collections Are A Must For County Burdened By Pandemic And A Vulnerable Population

The federal government has cut individual taxpayers slack, delaying the income tax deadline until summertime. But due to the many additional...

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

The first quarter ended in uncertainty, but for the first few weeks of the year, suburban office tenants leased space at a quickening pace....

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River North May Prove Resilient To Pandemic, But It's Going To Hurt In Fulton Market
News 1 month ago
River North May Prove Resilient To Pandemic, But It's Going To Hurt In Fulton Market

The office market in the West Loop neighborhood of Fulton Market was all set for a historic year. The now-trendy district started 2020 with a total...

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Chicago Construction Projects Rolling Forward
News 1 month ago
Chicago Construction Projects Rolling Forward

Major construction projects continue to roll forward in Chicago. The city of Chicago just issued a building permit for 1926 West Harrison St., a...

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Office Workers Will Return With Radically Different Expectations And Worries
News 1 month ago
Office Workers Will Return With Radically Different Expectations And Worries

No commercial real estate sector has emptied out more amid the coronavirus pandemic than office, and its future is also the most uncertain. After...

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Middle-Market Multifamily Deals Still Flowing
News 1 month ago
Middle-Market Multifamily Deals Still Flowing

Groceries and pharmacies have chugged along during the severe downturn, but they aren't the only businesses that seem immune to the present crisis....

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

General contractor Skender reached the final height on a 45K SF, five-story, single-tenant, mixed-use building at 1100 West Fulton St. The builder...

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Out-Of-State Buyers Still Looking To Buy Chicago MOBs
News 1 month ago
Out-Of-State Buyers Still Looking To Buy Chicago MOBs

A New England-based investor bought a six-story medical office building at 1945 West Wilson Ave. in Chicago after beating out a collection of out...

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COVID-19 Catastrophe Won't End Soon, And Will Remake How We Use Office Space
News 1 month ago
COVID-19 Catastrophe Won't End Soon, And Will Remake How We Use Office Space

When Joe Brady took over late last year as CEO of the Americas at flexible workspace company The Instant Group, new technology was already...

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Strategic Properties Of North America Continues Spreading Its Wings Over The North Side
News 1 month ago
Strategic Properties Of North America Continues Spreading Its Wings Over The North Side

The wave of condo deconversions that swept over Chicago in the past few years seemed to crest last fall when the City Council tightened the rules...

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Sterling Bay Ramping Up Industrial Development Even In The Face Of COVID-19
News 1 month ago
Sterling Bay Ramping Up Industrial Development Even In The Face Of COVID-19

The COVID-19 crisis has stalled much of the U. S. economy, but with certain segments like grocery stores, pharmacies and hospitals, along with...

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CRG Looks To Raise National Profile With New Hires
News 1 month ago
CRG Looks To Raise National Profile With New Hires

J. J. Smith joined CRG, the real estate development and investment arm of Chicago-based Clayco, as managing partner of its residential business....

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

North Park Ventures purchased for $4M a mixed-use property at 1935-43 North Sedgwick St. in Chicago's Old Town Triangle historic district. The...

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Pharmacies, Groceries And Other Essential Businesses Could Provide Haven For Net Lease Investors
News 2 months ago
Pharmacies, Groceries And Other Essential Businesses Could Provide Haven For Net Lease Investors

The single-tenant net lease sector was vibrant throughout 2019, as investors clamored to buy up office, retail and industrial properties....

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COVID-19 Impact On Chicago Unknown, But Regional Players Are Already Planning On Long-Term Changes And Eventual Recovery
News 2 months ago
COVID-19 Impact On Chicago Unknown, But Regional Players Are Already Planning On Long-Term Changes And Eventual Recovery

Thursday's news that 178,000 Illinois residents filed for unemployment last week, shattering the previous record set just the week before, was a...

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Downtown's Office Market Was Looking Healthy, Until The Bottom Dropped Out
News 2 months ago
Downtown's Office Market Was Looking Healthy, Until The Bottom Dropped Out

Downtown Chicago offices have been mostly empty for the past several weeks after Gov. J. B. Pritzker issued a stay-at-home order that shuttered...

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Chicago's Biggest CRE Companies Have Women On Their Boards. But Is It Enough?
News 2 months ago
Chicago's Biggest CRE Companies Have Women On Their Boards. But Is It Enough?

Achieving gender diversity has become one of the most talked about goals of the commercial real estate industry. There is no doubt many firms in...

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Industrial Demand For New Space Goes Into Steep Decline Even As E-Commerce Users Are Busier Than Ever
News 2 months ago
Industrial Demand For New Space Goes Into Steep Decline Even As E-Commerce Users Are Busier Than Ever

The collapse of certain sectors of the economy due to COVID-19 fears has undermined the industrial sector's once-splendid prospects in the Chicago...

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

Deerfield, Illinois-based builder The Jacobs Cos. finished Phase 1 of Gateway Northbrook, a 68-residence townhome community taking shape at Shermer...

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Even The Toughest Development Sites May Yield To Patience
News 2 months ago
Even The Toughest Development Sites May Yield To Patience

An abandoned quarry site next to the Des Plaines River in Joliet attracted the eyeballs of industrial developers for more than a decade, but was...

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Downtown Businesses Plan On Giving State Street A Deep Cleaning Every Week
News 2 months ago
Downtown Businesses Plan On Giving State Street A Deep Cleaning Every Week

Downtown Chicago may resemble a ghost town during much of the day, but the spread of the coronavirus makes it more important to keep it clean,...

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As COVID-19 Empties Out Rooms, City Throws Lifeline To Hotels And Patients
News 2 months ago
As COVID-19 Empties Out Rooms, City Throws Lifeline To Hotels And Patients

As the coronavirus continues to spread throughout the U. S., Chicago's hospitality industry has gone into the steepest dive in its history. Tourism...

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Hyatt Hotels To Begin Furloughing Employees And Cutting Pay
News 2 months ago
Hyatt Hotels To Begin Furloughing Employees And Cutting Pay

A wave of layoffs will soon hit the U. S. economy, and with fears of the coronavirus sending hotel occupancy rates down to nearly zero in some...

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

A Chicago-based national construction and design firm has a lot of confidence in the long-term prospects of the Fulton Market District. CRG, the...

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Chicago CRE Professionals Are Adapting To The Coronavirus Crisis, And Keeping The Deals Flowing
News 2 months ago
Chicago CRE Professionals Are Adapting To The Coronavirus Crisis, And Keeping The Deals Flowing

The onset of the COVID-19 crisis hasn't brought much change to the workdays of some commercial real estate professionals. Chicago-based Cushman &...

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