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Cushman & Wakefield snags CBRE's property sales brokers
News 7 months ago
Cushman & Wakefield snags CBRE's property sales brokers

The team of brokers selling Chicago office properties for real estate company CBRE has defected to rival Cushman & Wakefield, giving their new...

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Can Greektown survive?
News 7 months ago
Can Greektown survive?

For decades, people have headed to South Halsted Street seeking moussaka, spanakopita, gyros, baklava and ouzo. This area is where generations of...

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WeWork hires JLL vet to run Midwest real estate team
News 7 months ago
WeWork hires JLL vet to run Midwest real estate team

Co-working giant WeWork has tapped a veteran Chicago real estate broker to oversee its real estate expansion throughout the Midwest. Jesse Van Dyke...

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Where some see risk, this shopping center investor sees a deal
News 7 months ago
Where some see risk, this shopping center investor sees a deal

A joint venture between Northbrook-based Pine Tree and DRA Advisors of New York paid $32.5 million for the Shops at Kildeer, a 171,300-square-foot...

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Sam Zell is unloading more than real estate nowadays
News 7 months ago
Sam Zell is unloading more than real estate nowadays

A fifth exit may be on the horizon. Ardent Health Partners, a hospital operating company Zell’s firm bought in 2015, is preparing for a public...

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Chicago's HQ2 legacy
News 7 months ago
Chicago's HQ2 legacy

Amazon passed on Chicago for its second headquarters, but its 14-month search process left the city with at least one big parting gift: local...

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What sunk Chicago in Amazon's eyes? Emanuel offers a hint.
News 7 months ago
What sunk Chicago in Amazon's eyes? Emanuel offers a hint.

Why did Chicago lose Amazon’s prized second headquarters? Mayor Rahm Emanuel wouldn’t say today, citing “confidential discussions” with the e...

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Investor turns big profit on Naperville shopping center sale
News 7 months ago
Investor turns big profit on Naperville shopping center sale

Who says suburban shopping centers are a bad investment? Not Savas Er, a local real estate investor who just sold River Square, a 58,000-square...

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Amazon may have outsmarted itself with HQ2 tactics
News 7 months ago
Amazon may have outsmarted itself with HQ2 tactics

This season of “The Bachelor: Amazon” has ended. Next up may be the season of recriminations. It has been more than a year since Amazon.com Inc....

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Tribune Tower owner buying Michigan Avenue office building
News 7 months ago
Tribune Tower owner buying Michigan Avenue office building

The developer turning Tribune Tower into luxury condos is buying an office building across the street from the landmark, according to sources...

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Why Long Island City checked Amazon's boxes
News 7 months ago
Why Long Island City checked Amazon's boxes

Landing one of the world's biggest businesses suggests the neighborhood is finally ready to shed its reputation as a second-tier, discount...

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How will 'car sharers' be regulated?
News 7 months ago
How will 'car sharers' be regulated?

The latest battle over the sharing economy is escalating in Springfield, with a veto showdown over car rentals. At least a score of top lobbyists...

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Here's a hospital that defies the odds
News 7 months ago
Here's a hospital that defies the odds

Sitting in his office at the hospital on a warm October morning, Medaglia said, “This is where I need to be. I need to be here. I need to be in my...

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Kobe Bryant wants to sell you a sports drink
News 7 months ago
Kobe Bryant wants to sell you a sports drink

Kobe Bryant takes a meeting with an executive from a convenience store chain. The former NBA star is more than an investor in Bodyarmor. Kobe...

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Developer buys River North site
News 7 months ago
Developer buys River North site

With luxury residential high-rises popping up all around it, a check-cashing store at the corner of LaSalle Street and Chicago Avenue has caught...

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Pritzker buys $12M Florida horse farm
News 7 months ago
Pritzker buys $12M Florida horse farm

The same week he was elected governor of Illinois, J. B. Pritzker paid $12.1 million for an equestrian estate in Florida, according to a report....

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World's biggest companies plan to get down with WeWork effect
News 7 months ago
World's biggest companies plan to get down with WeWork effect

(Bloomberg)—The biggest employers on the planet see a future filled with free beer and new age motivational posters. Their offices will need to...

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Fulton Market 'Real World' building nets seller big profit
News 7 months ago
Fulton Market 'Real World' building nets seller big profit

A Fulton Market landlord sold a pair of properties across the street from McDonald's new headquarters for more than three times what it paid just a...

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This investor is betting you'll want to work in the burbs someday
News 7 months ago
This investor is betting you'll want to work in the burbs someday

Michael Klein is trying to make the suburbs cool. By the end of next year, his Chicago-based development firm, GlenStar Properties, will have spent...

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Retired Aon chief Pat Ryan buys another Four Seasons condo
News 7 months ago
Retired Aon chief Pat Ryan buys another Four Seasons condo

Pat Ryan, the retired chairman of the Aon insurance brokerage giant he founded, and his wife, Shirley, paid $4.4 million for a condo at the Four...

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A quarter-million Chicago homeowners couldn't afford to sell if they wanted to
News 7 months ago
A quarter-million Chicago homeowners couldn't afford to sell if they wanted to

More than a decade after the housing crash, when many cities' housing markets are years into another boom, a new report shows how far behind real...

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Home Partners is said to discuss IPO with banks
News 7 months ago
Home Partners is said to discuss IPO with banks

(Bloomberg) — Home Partners of America, a single-family home rental company backed by KKR & Co. and BlackRock Inc., has explored an initial public...

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Aon Center observatory takes a step forward
News 7 months ago
Aon Center observatory takes a step forward

The owner of the Aon Center is a key step closer to adding a high-profile tourist attraction to the city's third-tallest tower, winning support for...

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Townhouses coming to site of historic Greek temple-like Kenwood church
News 7 months ago
Townhouses coming to site of historic Greek temple-like Kenwood church

A developer is finishing up plans to build 13 townhouses behind the facade of a historical church building in Kenwood that has stood empty for 15...

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Amazon's top HQ2 picks offer blank slates for urban revival
News 7 months ago
Amazon's top HQ2 picks offer blank slates for urban revival

The vivid shapes, a contrast to the neighborhood’s bureaucratic ’60s architecture, are a signal flare to future tenants sent up by the buildings’...

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Daughter of Ann, Bob Lurie latest buyer at city's 'it' condo tower
News 7 months ago
Daughter of Ann, Bob Lurie latest buyer at city's 'it' condo tower

Sara Lurie, a daughter of philanthropist Ann Lurie and the late real estate executive Bob Lurie, paid more than $5.7 million for a condo at the...

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Daughter of Ann, Bob Lurie latest buyer at this year's 'it' condo tower
News 7 months ago
Daughter of Ann, Bob Lurie latest buyer at this year's 'it' condo tower

Sara Lurie, a daughter of philanthropist Ann Lurie and the late real estate executive Bob Lurie, paid more than $5.7 million for a condo at this...

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Suburban voters issue Springfield a warning about a statewide property tax
News 7 months ago
Suburban voters issue Springfield a warning about a statewide property tax

Voters in suburban counties strongly favored blocking the creation of a statewide property tax in Tuesday voting, despite the fact that no...

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Big student housing complex near UIC for sale
News 7 months ago
Big student housing complex near UIC for sale

Investors scouting the Chicago market for student housing have another property to check out: a 482-bed complex near the University of Illinois at...

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Voters in 3 Chicago wards support rent control
News 7 months ago
Voters in 3 Chicago wards support rent control

Voters in three Chicago wards voted yesterday in favor of lifting the statewide ban on rent control, which would be a first step toward discussing...

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