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State, Feds Fund Next Phase of Springfield Rail Improvement Project
News 2 months ago
State, Feds Fund Next Phase of Springfield Rail Improvement Project

SPRINGFIELD, IL-Illinois Gov. JB Pritzker was joined by federal, state and local leaders on Friday to break ground on the next phase of the...

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State Releasing Funding for New Projects at Chicago State University
News 3 months ago
State Releasing Funding for New Projects at Chicago State University

CHICAGO-Gov. JB Pritzker has released state funding that will allow Chicago State University to begin work on the multiphased $25.8-million project...

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Qualtrics to Open New Chicago Office in 2020
News 3 months ago
Qualtrics to Open New Chicago Office in 2020

CHICAGO-Qualtrics, which is headquartered in Provo, UT and Seattle, has signed a lease deal totaling 25,000 square feet at 191 North Wacker Drive...

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Mayor Touts Burgeoning Tech Sector That is Adding 2,000 Jobs
News 3 months ago
Mayor Touts Burgeoning Tech Sector That is Adding 2,000 Jobs

CHICAGO- Mayor Lori E. Lightfoot and World Business Chicago put the spotlight on 15 local tech firms at the third annual Chicago Tech Day that have...

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Focus, CA Ventures Complete Evanston TOD Project
News 3 months ago
Focus, CA Ventures Complete Evanston TOD Project

EVANSTON, IL-Development team CA Ventures and Focus report they have officially opened their LINK Evanston mixed-use development here located near...

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First Lease Deal Signed at Bridge Point Itasca Campus
News 3 months ago
First Lease Deal Signed at Bridge Point Itasca Campus

ITASCA, IL- Keyence Corp. has signed the first lease at Bridge Development Partners' Bridge Point Itasca development here. The international...

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Mayor Lightfoot Proposes Tax Incentives for Three Commercial, Industrial Projects
News 3 months ago
Mayor Lightfoot Proposes Tax Incentives for Three Commercial, Industrial Projects

CHICAGO-Chicago Mayor Lori E. Lightfoot introduced to the City Council on Wednesday proposed tax incentives for three industrial and commercial...

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Huron Agrees to Restructured HQ Deal at Union Tower
News 3 months ago
Huron Agrees to Restructured HQ Deal at Union Tower

CHICAGO-Global professional services firm Huron has inked a restructured 134,000-square-foot lease renewal deal for its corporate headquarters at...

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Construction Starts on Michigan Avenue’s Tallest Tower
News 3 months ago
Construction Starts on Michigan Avenue’s Tallest Tower

CHICAGO-Co-developers Time Equities, Inc., JK Equities and Oak Capitals are commencing construction soon on the 74-story luxury condominium tower...

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C&W Launches Asian and Pacific Islander Employee Resource Group
News 3 months ago
C&W Launches Asian and Pacific Islander Employee Resource Group

CHICAGO-Locally-based national commercial real estate services firm Cushman & Wakefield reports it has launched the company's Asian and Pacific...

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Changes to Neighborhood Opportunity Fund Include Possible Funding for Cannabis Dispensaries
News 3 months ago
Changes to Neighborhood Opportunity Fund Include Possible Funding for Cannabis Dispensaries

CHICAGO- Chicago Mayor Lori E. Lightfoot has announced changes to the city's Neighborhood Opportunity Fund that will provide small businesses and...

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Ventas Reveals Low Senior Housing Portfolio Expectations
News 3 months ago
Ventas Reveals Low Senior Housing Portfolio Expectations

CHICAGO - Despite Ventas' strong enterprise level results within the medical office, healthcare and research & innovation sectors, displayed in its...

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Chicago’s Retail Market a Mixed Bag in 2019
News 3 months ago
Chicago’s Retail Market a Mixed Bag in 2019

CHICAGO-The retail market in the Chicago region has held steady so far this year, with leasing activity strong in some markets, while spotty in...

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Former Eastdil Secured Execs to Lead Cushman & Wakefield’s Chicago-Midwest Capital Markets Team
News 3 months ago
Former Eastdil Secured Execs to Lead Cushman & Wakefield’s Chicago-Midwest Capital Markets Team

CHICAGO-Cushman & Wakefield reports it has hired former Eastdil Secured executives Jeff Altenau as executive managing director and Zach Yarnoff as...

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Largest Multifamily Sale in Lincoln Park Closes
News 3 months ago
Largest Multifamily Sale in Lincoln Park Closes

CHICAGO-The four-story, 25-unit rental property at 1540 W. Fullerton has changed hands in what Interra Realty states is the largest multifamily...

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Bridge Development Breaks Ground on Final Phase of Bridge Point North Project
News 3 months ago
Bridge Development Breaks Ground on Final Phase of Bridge Point North Project

WAUKEGAN, IL-Bridge Development Partners, LLC has broken ground on phase three of its Bridge Point North industrial project here. Phase three will...

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Greystar Acquires Student Housing Tower in Chicago
News 4 months ago
Greystar Acquires Student Housing Tower in Chicago

CHICAGO-Charleston, SC-based Greystar Real Estate Partners, LLC has acquired the 30 East student housing high-rise property in the South Loop for a...

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Chicago Mayor Proposes $40M Tax Plan to Ease Traffic Congestion
News 4 months ago
Chicago Mayor Proposes $40M Tax Plan to Ease Traffic Congestion

CHICAGO-In an effort to reduce traffic congestion in the city, Chicago Mayor Lori E. Lightfoot announced that the city will impose a new congestion...

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Construction Completed on Evergreen-Chicago Housing Authority Affordable Project
News 4 months ago
Construction Completed on Evergreen-Chicago Housing Authority Affordable Project

CHICAGO-Construction has been completed on the Oso Apartments project, a 48-unit affordable rental community at 3435 W. Montrose Ave. in Chicago's...

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Owner’s Perspective: Recession Speculation Defies Strong Demand for Office Space in Chicago
News 4 months ago
Owner’s Perspective: Recession Speculation Defies Strong Demand for Office Space in Chicago

CHICAGO-With some economists and business leaders beginning to express some fear that a recession is in the offing sometime in the near future,...

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Suburban Chicago Tenants Flock to Class A Office Properties
News 4 months ago
Suburban Chicago Tenants Flock to Class A Office Properties

CHICAGO-Office leasing activity in the Chicago suburbs once again exceeded 1 million square feet region-wide in the third quarter as tenants...

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Amazon to Build 1 Million SF Fulfillment Center in Chicago Suburb
News 4 months ago
Amazon to Build 1 Million SF Fulfillment Center in Chicago Suburb

CHANNAHON, IL-Amazon has announced plans to build a more than 1-million-square-foot fulfillment center about 50 miles southwest of Chicago. The...

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Chicago Industrial Market Bests 19-Year Vacancy Record Low
News 4 months ago
Chicago Industrial Market Bests 19-Year Vacancy Record Low

CHICAGO-Bolstered by strong leasing activity, the industrial vacancy rate for the Chicago region in the third quarter dropped to 4.9%, besting the...

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Iconic Homestead Hotel Acquired by Chicago’s AJ Capital Partners
News 4 months ago
Iconic Homestead Hotel Acquired by Chicago’s AJ Capital Partners

EVANSTON, IL-The iconic The Homestead boutique apartment hotel here has been acquired by Chicago-based AJ Capital Partners, which has plans to...

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Phoenix Development Raises Nearly $10M in Crowdfunding for Downtown Dual-Branded Hotel Project
News 4 months ago
Phoenix Development Raises Nearly $10M in Crowdfunding for Downtown Dual-Branded Hotel Project

CHICAGO-Locally-based Phoenix Development Partners' redevelopment of a storied 14-story office building into a dual-branded hotel will be funded in...

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Governor, Legislative Leaders Tout New Data Center Construction Incentives
News 4 months ago
Governor, Legislative Leaders Tout New Data Center Construction Incentives

CHICAGO-Illinois Gov. JB Pritzker joined with state legislators, business and labor leaders on Monday to promote Illinois' new tax incentive for...

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Lake Point Condo Tower Rejects Deconversion Move
News 4 months ago
Lake Point Condo Tower Rejects Deconversion Move

CHICAGO-The residents of the iconic 70-story Lake Point Tower property on Lake Shore Drive here have overwhelmingly rejected a deconversion...

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Deconversion Market ‘Still Has Legs’ in Chicago Area
News 4 months ago
Deconversion Market ‘Still Has Legs’ in Chicago Area

GURNEE, IL-The nearly 200-unit Deer Creek Condominiums complex here has been sold for $18.5-million in a deconversion sale. The Deer Creek...

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Construction Begins on CTA’s Largest Reconstruction Project in History
News 4 months ago
Construction Begins on CTA’s Largest Reconstruction Project in History

CHICAGO-Construction has begun on the $2.1-billion phase one of the Chicago Transit Authority's Red and Purple Modernization Project here-the...

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Alliance Partners HSP Pays $117M for Fort Lauderdale Tower
News 4 months ago
Alliance Partners HSP Pays $117M for Fort Lauderdale Tower

FORT LAUDERDALE, FL-The One Financial Plaza office tower has been sold by Boca Raton, FL-based Crocker Partners for $117 million to Alliance...

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