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High-Tech Tools And Greater Efficiencies Could Combat The Rise In Construction Costs
News 4 months ago
High-Tech Tools And Greater Efficiencies Could Combat The Rise In Construction Costs

Few issues currently vex developers more than rising construction costs, but there are ways to fight back against price increases. And even though...

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At Skender's New Modular Building Factory, Apartments Roll Off The Assembly Line Like Cars
News 4 months ago
At Skender's New Modular Building Factory, Apartments Roll Off The Assembly Line Like Cars

In November, the world got its first glimpse of a modular housing prototype from Skender, a Chicago-based construction firm. The module was...

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Top CBD Properties See Strong Leasing In 2019
News 4 months ago
Top CBD Properties See Strong Leasing In 2019

Leasing activity at the Central Business District's newest and largest office properties have this year outpaced the rest of the downtown market,...

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Are Cook County Owners Prepared For Massive Property Tax Increases?
News 4 months ago
Are Cook County Owners Prepared For Massive Property Tax Increases?

When commercial property owners in Cook County receive their next property valuations, they may be in for a shock. Proposals made by Fritz Kaegi,...

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Investment Not Flowing Equally To All Chicago's Neighborhoods
News 4 months ago
Investment Not Flowing Equally To All Chicago's Neighborhoods

Chicago has seen a number of political earthquakes in the past year or so, and much of the change was driven by fears the city was splitting into...

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This Week's Chicago Deal Sheet
News 4 months ago
This Week's Chicago Deal Sheet

The Howard Hughes Corp. and Riverside Investment and Development signed international law firm Perkins Coie to a lease for 100K SF at 110 North...

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Recent Sale Shows Well-Located Suburban Retail Draws National Interest
News 4 months ago
Recent Sale Shows Well-Located Suburban Retail Draws National Interest

This week at the International Council of Shopping Centers' RECon event in Las Vegas, there was a lot of talk about how investors were willing to...

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Multifamily Players Try To Balance Demand With Gentrification Fears
News 4 months ago
Multifamily Players Try To Balance Demand With Gentrification Fears

Demand for multifamily units near Chicago's downtown remains robust, but in Pilsen on the Near Southwest Side, activist groups watch vigilantly for...

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Investors Showing A Lot Of Love For Submarket Around O'Hare Airport
News 4 months ago
Investors Showing A Lot Of Love For Submarket Around O'Hare Airport

Glen Una Management Co. just joined the rush of investors looking to stake a claim in the O'Hare Airport submarket, one of the most active in the...

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ICSC RECon Attendees Feel Cautious Excitement About What Comes Next For Retail
News 4 months ago
ICSC RECon Attendees Feel Cautious Excitement About What Comes Next For Retail

If any of the roughly 30,000 people attending this week's International Council of Shopping Centers' RECon event in Las Vegas needed an...

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This Week's Chicago Deal Sheet
News 4 months ago
This Week's Chicago Deal Sheet

Sterling Bay unveiled plans to create Prysm Life Sciences, a new life science community in Chicago's Lincoln Park neighborhood. Officials from the...

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Lightfoot Takes Bold Step Against Aldermanic Prerogative On First Day As Mayor
News 4 months ago
Lightfoot Takes Bold Step Against Aldermanic Prerogative On First Day As Mayor

In her first official act, newly inaugurated Chicago Mayor Lori Lightfoot signed an executive order yesterday afternoon curtailing the use of...

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Industrial Leasing Picking Up Along I-80
News 5 months ago
Industrial Leasing Picking Up Along I-80

Developers completed 13.1M SF of speculative space in the Interstate 80 Joliet Corridor since 2013, the second most of any submarket in the Chicago...

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Casual Dining May Provide Protection From E-Commerce, But It's Also Hitting Some Headwinds
News 5 months ago
Casual Dining May Provide Protection From E-Commerce, But It's Also Hitting Some Headwinds

Casual dining restaurants became an important part of many real estate investment portfolios in the post-recession era, and although that is likely...

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Gottfried Takes Helm At Urban Innovations
News 5 months ago
Gottfried Takes Helm At Urban Innovations

It is still relatively rare for women to ascend to the top of major real estate companies, but after decades devoted to transforming River North...

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This Week's Chicago Deal Sheet
News 5 months ago
This Week's Chicago Deal Sheet

Premier Design + Build Group broke ground last week on a 153K SF speculative warehouse for Chicago-based developer Sterling Bay. The builder will...

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601W Cos. Unveils Amenity Floor in Remade Aon Center
News 5 months ago
601W Cos. Unveils Amenity Floor in Remade Aon Center

Office tenants demand more from landlords these days, and the owners of many iconic properties in Chicago have remade their buildings. Blackstone...

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Spec Construction Starting Up Again In North Suburbs
News 5 months ago
Spec Construction Starting Up Again In North Suburbs

The vacancy rate among industrial properties in the north suburbs hovers just above the historic low, and developer Panattoni is ready to launch...

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Chicago Construction Cost Increases To Steady In 2019 And Beyond
News 5 months ago
Chicago Construction Cost Increases To Steady In 2019 And Beyond

Construction costs have spiked across the nation, and along with a litany of worries about possible trade wars and labor shortages, will help slow...

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Despite Progress, Suburban Office Market Still Not Past The Recession
News 5 months ago
Despite Progress, Suburban Office Market Still Not Past The Recession

Chicago's suburban office market has still not recovered from the recession. That was the takeaway from MBRE's just-released statistics on the...

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This Week's Chicago Deal Sheet
News 5 months ago
This Week's Chicago Deal Sheet

Duke Realty began building a new 544K SF spec bulk warehouse on Renwick Road between Interstate 55 and I-355 in Romeoville near Lewis University...

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Chicago CBD Continues Great Run, But West Loop Could Swing In Tenants' Direction
News 5 months ago
Chicago CBD Continues Great Run, But West Loop Could Swing In Tenants' Direction

The downtown office market is about to see a massive amount of renovated space hit the market, but for now, after years of steady progress,...

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Chicago's Flexible Office Sector Keeps Rising
News 5 months ago
Chicago's Flexible Office Sector Keeps Rising

WeWork's parent company recently took the first step toward an IPO, a move that will probably bring more attention to the flexible-office sector....

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Affordable Housing Gap Grows, And Available Resources Are Lacking
News 5 months ago
Affordable Housing Gap Grows, And Available Resources Are Lacking

A new study from DePaul University's Institute for Housing Studies shows a growing gap between the number of people in Chicago who need affordable...

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Thompson Center Tops Landmarks Illinois' New List Of State's Most Endangered Places
News 5 months ago
Thompson Center Tops Landmarks Illinois' New List Of State's Most Endangered Places

Gov. J. B. Pritzker recently signed Senate Bill 866, which establishes a two-year process to secure a buyer for the James R. Thompson Center at 100...

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Student Housing Developers Should Declare A Truce In Amenities War And Build A Culture Instead
News 5 months ago
Student Housing Developers Should Declare A Truce In Amenities War And Build A Culture Instead

The amenities war in student housing, which for years saw developers try to one-up each other by including many comforts and features that boost...

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Chicago Industrial Market Not Showing Any Weakness
News 5 months ago
Chicago Industrial Market Not Showing Any Weakness

It is hard to find any weak spots in the Chicago region's 1.1B SF industrial market. New construction continues to surge, and the market recorded...

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Downtown Hotel Market Stays Balanced Even After Construction Boom
News 5 months ago
Downtown Hotel Market Stays Balanced Even After Construction Boom

As the economy ramped up during the past few years, Chicago's downtown became a tourist mecca, and hotel developers swooped in, creating thousands...

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Boutique Office Building Near Lincoln Park Fills Up Fast
News 5 months ago
Boutique Office Building Near Lincoln Park Fills Up Fast

Tenants have already leased 92% of 1440 North Dayton St., a four-story, 65K SF loft office redevelopment near Chicago's Lincoln Park neighborhood....

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Modular Housing May Help Bridge The Affordable Housing Gap
News 5 months ago
Modular Housing May Help Bridge The Affordable Housing Gap

The need for more affordable housing was one of the most-discussed issues of Chicago's recent mayoral campaign, but creating enough units to...

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