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More San Diego Stores on Tap for Fast-Growing Aldi
Discount grocer Aldi has leased space at this retail center on Mira Mesa Boulevard in San Diego. As small-format chains eat away at traditional supermarket players, fast-growing discount grocer Aldi is poised to expand its San Diego County reach to at...

Musk Teases Vision of High-Speed Chicago Rail Tunnel That May Boost Real Estate Demand
Elon Musk's The Boring Co. tweeted a photo of tunnel-digging framework, indicating he's expecting approval for a project connecting Chicago and O'Hare International Airport. Elon Musk’s The Boring Co. is signaling it expects approval to dig an 18-mile...

Multifamily Investors Are Getting Used to 'Normal'
U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. "Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older and...

Slalom Leases 64,956 SF in Chicago's AON Center
Slalom, a Seattle-based consulting company with more than 170 partners including Amazon Web Services and Microsoft, has signed a 12-year lease for 64,956 square feet in the AON Center at 200 E. Randolph St. in Chicago. The 601W Cos. out of New York...

Beacon Capital Grabs Another Loop Office Tower: 303 E. Wacker
It looks like Franklin Street Properties found a buyer in Beacon Capital Partners for the 28-story office tower it has been trying to sell for some time at the Illinois Center complex. FSP 303 East Wacker Drive LLC, Franklin Street’s investment vehicle...

Sears Adds Another 10 Unprofitable Stores to September Closing List; Tally Now Stands at 78
The 100-store closing process for Sears and Kmart stores is moving into full throttle as parent company Sears Holdings announced late last week that 10 more would join the list of stores to be shuttered by September. As of now, 78 stores have been...

Mansueto Properties Buys Iconic Wrigley Building for $255 Million
The iconic Wrigley Building -- one of the most famous in the world -- is now in the hands of Chicago billionaire Joe Mansueto, whose new real estate investment company Mansueto Properties purchased the historic two-building landmark for $255 million last...

Student Housing: The New Safety Play for Major Real Estate Investors
Twelve at U District, an American Campus Communities property at 4535 12th Ave NE in Seattle. While the news that multifamily investor/operator Greystar and an affiliate of Blackstone planned to buy Education Realty Trust and its portfolio of off-campus...

Strive Logistics Moving HQ to New City
Strive Logistics agreed to a long-term deal for 20,033 square feet in the New City development in Lincoln Park where the company will relocate its corporate headquarters. The third party logistics provider will move from 3008 N. Lincoln Ave. to New...

Art Deco Landmark St. Jane Hotel Readies to Open Doors
In a city saturated with luxury, lifestyle and boutique hotels, Becker Ventures and Aparium Hotel Group are seeking to differentiate Chicago's St. Jane Hotel by drawing on its Art Deco design and the altruistic nature of its namesake when the Gold Coast...

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