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Fulton Market food processor puts big property on the market
News 2 months ago
Fulton Market food processor puts big property on the market

Bridgford Foods is looking to capitalize on soaring property values and developers' appetite in the corridor, but it wants to hang on to its land...

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Chicago developers to discuss deals gone bad at Crain's event
News 2 months ago
Chicago developers to discuss deals gone bad at Crain's event

The Sept. 26 Crain's Real Estate Forum will feature a conversation with Chicago real estate veterans Dan McCaffery, David "Buzz" Ruttenberg, J....

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With $86 million, this startup wants to lease space to pot companies
News 2 months ago
With $86 million, this startup wants to lease space to pot companies

Many marijuana companies are expanding rapidly. A startup backed by local entrepreneurs Al Goldstein and Pete Kadens wants to be their landlord. As...

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A push to slow the condo deconversion wave
News 2 months ago
A push to slow the condo deconversion wave

A proposal to increase the majority needed to sell all of a Chicago condo building's units in bulk just took a big step forward. And it comes as...

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Judge on Lincoln Yards TIF
News 2 months ago
Judge on Lincoln Yards TIF

A pair of activist groups trying to block a $1.3 billion subsidy to help develop the North Side megaproject made their case today in court, but a...

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Lendlease Chicago chief heads to New York
News 2 months ago
Lendlease Chicago chief heads to New York

Ted Weldon is taking over as head of Lendlease's Chicago development business from Thomas Weeks, who is leaving to take a job with New York...

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InterContinental, Fairmont part of more than $5.8 billion deal
News 2 months ago
InterContinental, Fairmont part of more than $5.8 billion deal

Anbang Insurance Group agreed to sell a luxury hotel portfolio for a little more than $5.8 billion to South Korea's Mirae Asset Management, marking...

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This $3.7 million high-rise condo comes with a Japanese garden
News 2 months ago
This $3.7 million high-rise condo comes with a Japanese garden

The garden, a traditional composition of manicured plants, rocks and sculptures, is part of a 4,000-square-foot-condo with lake views. A condo for...

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Downtown hotels struggle through down year
News 2 months ago
Downtown hotels struggle through down year

Hotel revenues are at a 5-year low from a down year at McCormick Place, but the flood of new supply that has given many investors fits could slow...

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New apartments pay homage to Ebony/Jet building's history
News 2 months ago
New apartments pay homage to Ebony/Jet building's history

The groovy look of the lobby, elevator cabs, rooftop deck and other common areas is a tribute to the early-1970s designs pioneering African...

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Walton Street takes over Waldorf Astoria, looks to sell it
News 2 months ago
Walton Street takes over Waldorf Astoria, looks to sell it

Hotelier Laurence Geller and real estate investor Wanxiang America Real Estate Group recently handed over the keys to the luxury Gold Coast hotel...

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Ken Griffin adds $99 million Florida beach house to property empire
News 2 months ago
Ken Griffin adds $99 million Florida beach house to property empire

The hedge fund titan spent $99.1 million for a beachfront house adjacent to his existing Palm Beach estate, according to the Palm Beach Post,...

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Fighting doctor burnout • Manufacturing exec names a nursing school • The Grouponization of health care
News 2 months ago
Fighting doctor burnout • Manufacturing exec names a nursing school • The Grouponization of health care

AMA INTENSIFIES BURNOUT CAMPAIGN: The American Medical Association is launching a Practice Transformation Initiative to ramp up its fight against...

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This startup aims to solve funding crunch for kids already in college
News 3 months ago
This startup aims to solve funding crunch for kids already in college

A. M. Money, launched by Chicago natives Daniel Rogers and Jeffrey Wright, has a deal with BNY Mellon to underwrite $100 million in bonds financing...

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Look inside megadeveloper John Buck’s East Lake Shore Drive $11.5M co-op
News 3 months ago
Look inside megadeveloper John Buck’s East Lake Shore Drive $11.5M co-op

Buck, who's built numerous Chicago high-rises in the past four decades, has owned the 23-room duplex in a Benjamin Marshall building at 199 E. Lake...

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U.S. hiring stumbles in August
News 3 months ago
U.S. hiring stumbles in August

Private payrolls rose 96,000, a three-month low, after a downwardly revised 131,000 advance the prior month, according to a Labor Department report...

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Shirley Ryan AbilityLab • Hospital consolidation impact • Advocate Aurora's $2.1B in charity care
News 3 months ago
Shirley Ryan AbilityLab • Hospital consolidation impact • Advocate Aurora's $2.1B in charity care

SALARY SERIES: This week, Heath Pulse Chicago looks at the top earners in fiscal 2017 at the Shirley Ryan AbilityLab, which changed its name from...

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Vivid Seats eyes move to redeveloped Marshall Field building
News 3 months ago
Vivid Seats eyes move to redeveloped Marshall Field building

Brookfield Properties is redeveloping the upper floors of the landmark Marshall Field building on State Street into 650,000 square feet of offices....

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California investor picks up Naperville apartment complex
News 3 months ago
California investor picks up Naperville apartment complex

A San Francisco-based real estate investor is upping its bet on the suburban Chicago apartment market, buying a 206-unit complex in Naperville. A...

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Want to buy 82 condos leased to the CHA? There's a hitch.
News 3 months ago
Want to buy 82 condos leased to the CHA? There's a hitch.

"I've never seen anything like this in the whole country, and I've been doing this for 30 years," says auctioneer Rick Levin, who has been hired to...

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WeWork targets $20 billion to $30 billion IPO value
News 3 months ago
WeWork targets $20 billion to $30 billion IPO value

The range could end up closer to $20 billion, which would be less than half the valuation it secured from its biggest backer just a few months ago....

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Developers score big payday on new South Loop apartment tower
News 3 months ago
Developers score big payday on new South Loop apartment tower

Murphy Development Group and CIM Group have refinanced the Paragon, a 47-story high-rise at 1326 S. Michigan Ave., with a $150 million loan,...

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Post Office nears big lease with PepsiCo
News 3 months ago
Post Office nears big lease with PepsiCo

The company, whose Quaker Oats, Tropicana and Gatorade brands have long been based here, is in advanced talks to move its Chicago office to the...

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Law firm nears big lease at new West Loop skyscraper
News 3 months ago
Law firm nears big lease at new West Loop skyscraper

Developer John O'Donnell is close to luring another big tenant to the 50-story office tower he's planning next to Union Station. Law firm Chapman &...

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NBC 5 president sells Trump Tower condo for almost $3M
News 3 months ago
NBC 5 president sells Trump Tower condo for almost $3M

NBC 5 President David Doebler listed and sold his condo on the 77th floor of the Trump Tower today for $2.925 million. Doebler and his wife, Susan,...

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Top earners at Northwestern Memorial HealthCare • Online vision test recalled • SW Side nurse practitioner program
News 3 months ago
Top earners at Northwestern Memorial HealthCare • Online vision test recalled • SW Side nurse practitioner program

SALARY SERIES: This week we look at the top earners at Northwestern Memorial HealthCare, based on the hospital's Form 990 filing for the fiscal...

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Weed company plans stores in River North, Gold Coast
News 3 months ago
Weed company plans stores in River North, Gold Coast

Verano Holdings is among the herd of cannabis companies scouting the city for spaces where they can sell recreational pot. "It's a major land grab,...

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Chicago investor looks to unload West Loop development site
News 3 months ago
Chicago investor looks to unload West Loop development site

A West Loop real estate investor wants to sell a development site near the trendy Fulton Market District as he targets projects in a federal...

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Riverfront office building owner looks to cash out
News 3 months ago
Riverfront office building owner looks to cash out

After landing new tenants to fill the big space left behind by JPMorgan Chase, the owners of 300 S. Riverside Plaza have put the building up for...

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Local tech exec pays $39 million for Marriott Suites O'Hare
News 3 months ago
Local tech exec pays $39 million for Marriott Suites O'Hare

A local technology executive has added another property to his growing suburban hotel portfolio, paying $39 million for the Chicago Marriott Suites...

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