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Foreclosed Algonquin shopping center fetches $19 million
News 2 months ago
Foreclosed Algonquin shopping center fetches $19 million

Finding distressed properties in the Chicago area isn't as easy as it used to be, but a Seattle investment firm scooped one up in the northwest...

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McPier's Healey takes new post with Clayco
News 2 months ago
McPier's Healey takes new post with Clayco

McCormick Place's boss finds a new gig with the company that is renovating Macy's upstairs space into offices and also involved with several other...

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Blackstone to buy Colony industrial arm for almost $6 billion
News 2 months ago
Blackstone to buy Colony industrial arm for almost $6 billion

The private-equity giant is extending that effort, agreeing to acquire Colony Industrial, the warehouse arm of Colony Capital Inc., for $5.9...

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Blackhawks star Jonathan Toews flipped this Gold Coast condo fast
News 2 months ago
Blackhawks star Jonathan Toews flipped this Gold Coast condo fast

The pro hockey player, who according to his agent never moved into the home at No. 9 Walton, had it under contract to a buyer in 48 days. It sold...

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In Chicago, big banks are stalling out
News 2 months ago
In Chicago, big banks are stalling out

Banking services are a commodity, but there's striking new evidence suggesting Chicagoans increasingly prefer them delivered with a local touch....

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The dark side of condo deconversions
News 2 months ago
The dark side of condo deconversions

After having my River City condominium taken from me in a highly questionable deconversion process, I was moved to offer this parody of Gordon...

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Lightfoot announces pathway to city sticker debt relief
News 2 months ago
Lightfoot announces pathway to city sticker debt relief

The plan is part of the mayor's larger commitment to overhaul Chicago's aggressive ticketing practice, which has driven some low-income residents...

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Priciest properties make up record share of U.S. new-home sales
News 2 months ago
Priciest properties make up record share of U.S. new-home sales

The most expensive U. S. houses-those priced at $500,000 and higher-made up a quarter of total new-home sales in August, the biggest-ever share...

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Three more banks pump millions into South and West side small-biz push
News 2 months ago
Three more banks pump millions into South and West side small-biz push

Who says banks can't collaborate? U. S. Bank, First Midwest and Providence Bank & Trust have agreed to invest $1 million each into JPMorgan Chase's...

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Feds raid Springfield office of state Sen. Martin Sandoval
News 2 months ago
Feds raid Springfield office of state Sen. Martin Sandoval

Officials won't disclose what the FBI is looking for, but the raid is one of a series of actions aimed at associates of House Speaker Mike Madigan....

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What's wrong—and right—in Chicago real estate
News 2 months ago
What's wrong—and right—in Chicago real estate

An annual report knocks the area for our "widely publicized challenges," including crime and underfunded public pensions. Still, Evanston gets a...

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Last week's most-viewed real estate stories
News 2 months ago
Last week's most-viewed real estate stories

News of the most expensive office building sale in Chicago history tops our list of the most-popular real estate stories last week on...

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Lightfoot's no-toke zone makes no sense
News 2 months ago
Lightfoot's no-toke zone makes no sense

Mayor Lori Lightfoot's rhetoric bristles with alarm over Chicago's fiscal crisis. Her actions show a remarkable willingness to pass up new tax...

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New York developer plans 90-unit condo tower in Gold Coast
News 2 months ago
New York developer plans 90-unit condo tower in Gold Coast

A New York real estate firm is diving into the sluggish Chicago condominium market, drawing up plans for a 90-unit luxury high-rise behind the...

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Inside the new weed rules Team Lightfoot is pitching to aldermen
News 2 months ago
Inside the new weed rules Team Lightfoot is pitching to aldermen

Beyond the no-weed zone downtown, the administration is asking the City Council to bless licensing fees, a zoning lottery, cannabis cafes, and a...

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Lightfoot holds firm against downtown pot stores
News 2 months ago
Lightfoot holds firm against downtown pot stores

Despite some criticism about the impact on tax revenue, the mayor says outlying neighborhoods stand to gain if weed sales are banned in the city's...

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Shapack sells Fulton Market office building for record price
News 2 months ago
Shapack sells Fulton Market office building for record price

A seven-story property at the doorstep to the trendy corridor just became the most expensive office building sale in Chicago history. It seemed...

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How exactly would this deconversion ordinance help condo owners?
News 2 months ago
How exactly would this deconversion ordinance help condo owners?

The measure, which the City Council passed today, will do nothing to protect elderly residents, address the issue of "predatory buyers" or curtail...

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Developer doubles down on Fulton Market
News 2 months ago
Developer doubles down on Fulton Market

As Trammell Crow builds a 14-story office building on the corridor's western edge, it's hoping to place a similar bet closer to Google's Midwest...

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Dispensaries may have to rethink their real estate options
News 2 months ago
Dispensaries may have to rethink their real estate options

Marijuana companies that were coveting the busiest parts of downtown for new retail dispensaries are in for a buzzkill. Much of downtown-between...

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Cboe confirms HQ move to Old Post Office
News 2 months ago
Cboe confirms HQ move to Old Post Office

Cboe Global Markets, the biggest U. S. options exchange, announced today it will move its South Loop headquarters west to the Old Post Office and...

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Did the Illinois Legislature bet too high on new casinos?
News 2 months ago
Did the Illinois Legislature bet too high on new casinos?

New data suggests that outside of video poker, state gambling revenues are in a long-term funk. But money from new casinos is exactly what...

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Cinespace not welcome
News 3 months ago
Cinespace not welcome

I read your article regarding the renewal of the state tax breaks for Cinespace Film Studio ("Pritzker renews state's film tax credit," Aug. 1). I...

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Walgreens, late to the beauty party, may have missed the peak
News 3 months ago
Walgreens, late to the beauty party, may have missed the peak

Long the one bright spot in a dismal retail environment, beauty is showing signs of a slowdown. That's bad news for the drugstore chain, which has...

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Lightfoot would be wise to steer clear of these tax ideas
News 3 months ago
Lightfoot would be wise to steer clear of these tax ideas

Some in City Hall seem to see the central business district as a bottomless pot of gold to mine for tax revenue. But they're ignoring some...

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A warning sign that City Hall should heed
News 3 months ago
A warning sign that City Hall should heed

As Mayor Lori Lightfoot prepares to present her critical first city budget, a key indicator of the health of the downtown office market has begun...

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It could get harder to sell all the condos in one building
News 3 months ago
It could get harder to sell all the condos in one building

Chicago Aldermen are proposing that 85 percent of owners in a condo building approve a sale of all the units in bulk for a deal to go through. That...

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General Iron will close Lincoln Park site next year
News 3 months ago
General Iron will close Lincoln Park site next year

Undoing one of the last moves of the Emanuel administration, Team Lightfoot has struck a deal with the scrap metal recycler to shut down its North...

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PMDs aren't obsolete—and Lightfoot is right to back this one
News 3 months ago
PMDs aren't obsolete—and Lightfoot is right to back this one

The city's plan to modernize the Kinzie Industrial Corridor will introduce certainty back into the market and encourage people to once again make...

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Industrial corridor near Fulton Market opening up to new development
News 3 months ago
Industrial corridor near Fulton Market opening up to new development

Aldermen on the City Council's Zoning Committee today approved changes to the Kinzie Industrial Corridor, which will allow some of nearby Fulton...

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