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JLL arm betting big on commercial real estate debt
News 11 months ago
JLL arm betting big on commercial real estate debt

(Bloomberg)—LaSalle Investment Management, an arm of Jones Lang LaSalle, is betting big on U. S. commercial real estate debt. LaSalle is acquiring...

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Four Seasons condo sells swiftly, at full $4.4 million asking price
News 11 months ago
Four Seasons condo sells swiftly, at full $4.4 million asking price

A condominium at the Four Seasons in the Bloomingdale's building on North Michigan Avenue took just 15 days to land a buyer and sold Oct. 31 for...

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McDonald's selling Oak Brook land to residential developer
News 11 months ago
McDonald's selling Oak Brook land to residential developer

An Atlanta-based developer has a deal to buy a 34-acre site in Oak Brook from fast food giant McDonald's and turn it into a gated community of...

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Pushback builds over Target decision to shut South Side stores
News 11 months ago
Pushback builds over Target decision to shut South Side stores

Target’s decision to shut two South Side stores is sparking some serious pushback here, pushback that could escalate quickly in a looming mayoral...

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Amid loan woes, owner of big Woodridge shopping center walks away
News 11 months ago
Amid loan woes, owner of big Woodridge shopping center walks away

The owner of a big shopping center in west suburban Woodridge is handing over the property to its lender after losing two of its biggest tenants...

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Sterling Bay gets into the life sciences game
News 11 months ago
Sterling Bay gets into the life sciences game

Sterling Bay has added yet another type of real estate to its quickly expanding portfolio: life sciences lab space. The Chicago-based developer...

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City inks new deal with Hilton to run upgraded O'Hare hotel
News 11 months ago
City inks new deal with Hilton to run upgraded O'Hare hotel

The Emanuel administration has reached a deal on revamping hotel operations at O'Hare International Airport that will bring the city an additional ...

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Sears tries to avoid Toys R Us fate with holiday push
News 11 months ago
Sears tries to avoid Toys R Us fate with holiday push

Weeks after filing for Chapter 11 bankruptcy protection, Sears is hoping to convince consumers that it's still open for business this holiday...

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Developer adds tech spin to Englewood project
News 11 months ago
Developer adds tech spin to Englewood project

Square Roots, an urban farming startup founded by Kimbal Musk, has agreed to run a high-tech farm in shipping containers at Englewood Square....

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Fulton Market apartments sold to Australian company
News 11 months ago
Fulton Market apartments sold to Australian company

An Australian hotel and casino owner paid $14 million for a luxury apartment building on the western edge of the Fulton Market District, joining a...

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Attorney Corboy joins $6 million condo buyers in new Gold Coast tower
News 11 months ago
Attorney Corboy joins $6 million condo buyers in new Gold Coast tower

Philip Corboy Jr., a prominent Chicago personal injury attorney, has purchased a condo in a new Gold Coast tower for just over $6 million. Corboy,...

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19 area nursing homes named best in the nation
News 11 months ago
19 area nursing homes named best in the nation

Nearly a quarter of Chicago nursing homes rated by U. S. News & World Report received top marks for 2018-19. Of the 79 nursing homes in the city...

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Tech companies double Chicago office space in four years
News 11 months ago
Tech companies double Chicago office space in four years

Tech companies today occupy almost twice as much office space in Chicago as they did in 2014, thanks to continued growth by both homegrown startups...

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Fulton Market co-working deal fizzles
News 11 months ago
Fulton Market co-working deal fizzles

McCaffery Interests is back in the market for a tenant at one of its Fulton Market District properties after a deal with a tech-focused co-working...

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Fifth Third pledges $2 billion in loans to Chicago homebuyers, businesses
News 11 months ago
Fifth Third pledges $2 billion in loans to Chicago homebuyers, businesses

Fifth Third Bank is making $2 billion in additional lending commitments to the Chicago market as part of its pending acquisition of MB Financial....

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Last week's most-viewed real estate stories
News 11 months ago
Last week's most-viewed real estate stories

A "squiddy" prop from "The Matrix" sits above the stairs to the Kinowerks studio's 36-person theater. A "squiddy" prop from "The Matrix" sits above...

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Sterling Bay joins Holy Name tower team
News 11 months ago
Sterling Bay joins Holy Name tower team

One of Chicago's most prominent developers is now behind what will be one of the city's tallest skyscrapers. Sterling Bay has teamed with Chicago...

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Can Kaegi really reform the assessor's office?
News 12 months ago
Can Kaegi really reform the assessor's office?

If Fritz Kaegi needed a reminder that successfully running the Cook County assessor's office will be one rocky road, the mutual-fund manager turned...

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This pitch to help the homeless comes with a $150M tax on residential sales
News 12 months ago
This pitch to help the homeless comes with a $150M tax on residential sales

A West Side aldermen and the Chicago Coalition for the Homeless today pitched a $150-million-a-year tax on some residential sales that they said...

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Price cuts helped builders reverse slide in new-home sales
News 12 months ago
Price cuts helped builders reverse slide in new-home sales

Sales of newly built homes in the Chicago area were moderately ahead of last year's total at the end of the third quarter, but some of the increase...

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Hobo files for bankruptcy, begins liquidation
News 12 months ago
Hobo files for bankruptcy, begins liquidation

Waukegan-based home improvement retailer Home Owners Bargain Outlet has filed for Chapter 11 bankruptcy, with plans to liquidate and close its...

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A half-million Chicago-area homeowners lose under new tax law, report claims
News 12 months ago
A half-million Chicago-area homeowners lose under new tax law, report claims

More than half a million Chicago-area homeowners will lose at least part of their federal deduction for state and local taxes under terms of the...

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Connecting 'Big Food' with 'Good Food'
News 12 months ago
Connecting 'Big Food' with 'Good Food'

The fast-rising consumer demand for a better way to eat is dramatically changing the landscape for the food industry. People and families are...

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Software company plans hiring spree at bigger Pru Plaza office
News 12 months ago
Software company plans hiring spree at bigger Pru Plaza office

A fast-growing software maker is expanding its footprint in the East Loop and planning a hiring run on local tech talent. Sphera Solutions, which...

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2 big Wheaton apartment complexes sell
News 12 months ago
2 big Wheaton apartment complexes sell

Two of the biggest apartment complexes in west suburban Wheaton have changed hands, including one that may offer a cautionary tale about the danger...

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19th-century German building in Old Town for sale as a teardown
News 12 months ago
19th-century German building in Old Town for sale as a teardown

A relic of the Old Town neighborhood's 19th-century origin as a community of German immigrants is for sale as a candidate to be replaced with a new...

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Ballot measures target theoretical property tax
News 12 months ago
Ballot measures target theoretical property tax

On their Nov. 6 ballots, voters in many parts of the suburbs will spot an opportunity to sound off about high property taxes. In DuPage, Kane and...

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Illinois so 'screwed up,' family dairy biz pulling back new investing here
News 12 months ago
Illinois so 'screwed up,' family dairy biz pulling back new investing here

State Sen. Jim Oberweis cited two reasons for the company decision to no longer pursue company-owned sites: high property taxes and declining...

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Big landlord's policy on ex-offenders is discriminatory, lawsuit says
News 12 months ago
Big landlord's policy on ex-offenders is discriminatory, lawsuit says

A Chicago man sued a billion-dollar residential development firm based in Northbrook, claiming that the firm's policy of declining to rent to...

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Lakeview luxury apartment building hits the market
News 12 months ago
Lakeview luxury apartment building hits the market

One of Chicago's most active apartment developers has put a Lakeview project up for sale, looking to cash out amid a residential development boom...

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