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New Yorkers propose nine-story office building in Fulton Market
News 11 months ago
New Yorkers propose nine-story office building in Fulton Market

A pair of New York investors have joined the herd of developers stampeding into the Fulton Market District, rolling out plans for a nine-story...

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Jonathan Toews buys $6.3 million condo
News 11 months ago
Jonathan Toews buys $6.3 million condo

Blackhawks star Jonathan Toews this afternoon became neighbors with billionaire Ken Griffin and Chicago Cubs right fielder Jason Heyward in a new...

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Lakefront Winnetka mansion lists for $9.6 million
News 11 months ago
Lakefront Winnetka mansion lists for $9.6 million

In Winnetka, where three properties on Lake Michigan have each sold for $10 million or more so far this year, a shoreline mansion came on the...

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AbbVie buys Mettawa office building
News 11 months ago
AbbVie buys Mettawa office building

AbbVie likes the building it's been subleasing in the northern suburbs so much it bought it. In the largest suburban Chicago office sale in nearly...

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Five years in, downtown Winnetka luxury residential project closer to final approval
News 11 months ago
Five years in, downtown Winnetka luxury residential project closer to final approval

More than five years after its launch, a plan to build high-end condos, townhouses and rentals in Winnetka's downtown area will go up for final...

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Sears CEO offers debt-cutting plan to rescue retailer
News 11 months ago
Sears CEO offers debt-cutting plan to rescue retailer

(Bloomberg) — Sears Holdings Corp. is reviewing a proposal by Chief Executive Officer Eddie Lampert to sell off assets including real estate in his...

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Sears CEO urges immediate action to stave off bankruptcy
News 11 months ago
Sears CEO urges immediate action to stave off bankruptcy

(Bloomberg) — Sears Holdings Corp. is reviewing a proposal by Chief Executive Officer Eddie Lampert to keep the retailer alive by restructuring its...

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New Wacker Drive tower getting taller
News 11 months ago
New Wacker Drive tower getting taller

The biggest new office tower under construction downtown is getting a little bigger. The development team behind the riverfront building going up...

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Blackstone sells O'Hare office buildings for $64 million
News 11 months ago
Blackstone sells O'Hare office buildings for $64 million

Blackstone Group has cashed out of another suburban office property, selling to a buyer that's beefing up its Chicago portfolio. A division of Salt...

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Developer plans 297 apartments on River North site
News 12 months ago
Developer plans 297 apartments on River North site

A Chicago developer plans a 297-unit apartment building on a River North property after another developer pulled the plug on a proposed condo tower...

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Billy Dec's second act
News 12 months ago
Billy Dec's second act

These days, the guy who was once Chicago's most recognized nightlife entrepreneur just wants to talk about his lawn. "I wish you could see it,"...

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How a bet-the-company deal is paying off for Zebra
News 12 months ago
How a bet-the-company deal is paying off for Zebra

A zebra can't change its stripes. But what if it added more of them? If it's Zebra Technologies, then it would be a lot more valuable. Shares of...

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How a bet-the-company deal is paying off for Zebra Technologies
News 12 months ago
How a bet-the-company deal is paying off for Zebra Technologies

A zebra can't change its stripes. But what if it added more of them? If it's Zebra Technologies, then it would be a lot more valuable. Shares of...

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Effen vodka co-creator sells Gold Coast condo
News 12 months ago
Effen vodka co-creator sells Gold Coast condo

One of the creators of Chicago-born Effen vodka and his wife sold a Gold Coast condo for $5.17 million.  It's the Chicago area's 29th home sale at ...

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High court affirms tax break for nonprofit hospitals
News 12 months ago
High court affirms tax break for nonprofit hospitals

A property tax exemption benefiting the state's not-for-profit hospitals was affirmed today by the Illinois Supreme Court. In a unanimous opinion,...

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Amazon could spend $3 billion on 'Go' stores like Chicago's, analyst says
News 12 months ago
Amazon could spend $3 billion on 'Go' stores like Chicago's, analyst says

(Bloomberg)—If Amazon.com Inc. proceeds with a plan to open 3,000 cashierless stores by 2021, it could cost as much as $3 billion, according to...

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Home market weakened in August
News 12 months ago
Home market weakened in August

The Chicago-area housing market weakened in August, with sales dropping and median prices rising by some of the most modest amounts in recent...

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Cash-strapped Americans willing to leverage their homes to pay bills
News 12 months ago
Cash-strapped Americans willing to leverage their homes to pay bills

(Bloomberg)—As U.S. household debt rises and wages stagnate, millions of Americans are thinking about tapping into home equity to keep up with day...

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19th-century Gold Coast home sells after $3 million in price cuts
News 12 months ago
19th-century Gold Coast home sells after $3 million in price cuts

A 19th-century stone mansion on the Gold Coast sold yesterday after four years on the market and $3 million in price cuts.  The home, built in 1886...

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Chicago's underwater mortgages more than twice the national rate
News 12 months ago
Chicago's underwater mortgages more than twice the national rate

In another sign that Chicago still struggles with the aftermath of a housing crash that for many other cities is a fading memory, a new report says...

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United Airlines exploring Willis Tower departure
News 12 months ago
United Airlines exploring Willis Tower departure

Amazon's competition for its second headquarters has elicited Chicago developers' grandest plans, and now one of the city's biggest companies is...

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Expect to see a lot more of those cashier-free AmazonGo stores very soon
News 12 months ago
Expect to see a lot more of those cashier-free AmazonGo stores very soon

(Bloomberg) — Amazon.com Inc. is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to...

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Emanuel dangles a signage deal to seal Salesforce tower and its 5,000 new jobs
News 12 months ago
Emanuel dangles a signage deal to seal Salesforce tower and its 5,000 new jobs

Mayor Rahm Emanuel is moving to tweak the city’s rules on building signs in a bid to finalize a pending deal under which the software giant...

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Emanuel offers to rewrite Trump-triggered sign limits to seal Salesforce tower deal
News 12 months ago
Emanuel offers to rewrite Trump-triggered sign limits to seal Salesforce tower deal

Mayor Rahm Emanuel is moving to tweak the city’s rules on building signs in a bid to finalize a pending deal under which software giant Salesforce...

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Richard Marx's Lake Bluff mansion: Now half off
News 12 months ago
Richard Marx's Lake Bluff mansion: Now half off

Rocker and songwriter Richard Marx and his ex-wife, actress Cynthia Rhodes, cut the asking price for a Lake Buff mansion to below half what they...

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Belden-Stratford hits the market
News 12 months ago
Belden-Stratford hits the market

The owner of the Belden-Stratford, a vintage apartment building in Lincoln Park, is preparing to cash out, setting up the property's third sale in...

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Co-working firm growing North America footprint with Canada push
News 12 months ago
Co-working firm growing North America footprint with Canada push

(Bloomberg)—IWG’s co-working unit Spaces is making its biggest expansion in North America with deals to rent large chunks of office space in...

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Sterling Bay looks to cash out on West Loop loft office
News 12 months ago
Sterling Bay looks to cash out on West Loop loft office

Sterling Bay has put one of its first Chicago turnaround projects up for sale, looking to capitalize on demand for loft office buildings downtown....

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Buyers plan to make 'Gatsby' house great again
News 1 year ago
Buyers plan to make 'Gatsby' house great again

One of Chicago's greatest literary landmarks, the Lake Forest house that was once home to Ginevra King, a pretty socialite who inspired F. Scott...

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Tinley Park settles pair of housing discrimination cases
News 1 year ago
Tinley Park settles pair of housing discrimination cases

Officials in Tinley Park voted to pay $410,000 to settle two lawsuits related to a 2016 housing discrimination controversy that sprang from the...

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