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05/25/2018
Apartment Rent Concessions are 'Back With a Vengeance'
It’s the age-old developer’s trade-off. In a market saturated with new apartments, building owners have a decision to make. You can either tolerate higher vacancy rates and hope they don’t last too long. Or, you can offer a month or two of free rent...

05/24/2018
Largest Suburban Chicago Apartment Deal of 2018 Closes in Hoffman Estates
A suburban Chicago apartment complex with value-added potential has sold for $104 million, or slightly more than $162,000 per unit, in the largest apartment sale in suburban Chicago so far this year. The Reserve at Hoffman Estates is located about...

05/22/2018
Discount Rules the Retail Roost
Naveen Jaggi, president of retail advisory services for JLL, at the International Council of Shopping Centers’ Real Estate Convention.Credit: Tony Wilbert for CoStar Group Inc.For all the talk retailers hear about the importance of “experiential” shopping...

05/22/2018
IKEA Centres Wants You, U.S. Retailers!
U.S. retailers looking for a way to expand into China or Russia, two consumer-fertile yet notoriously tough countries to enter, can find a gateway through IKEA Centres, the shopping center company owned by IKEA Group. The Denmark-based IKEA Group division...

05/21/2018
Untuckit: Latest E-commerce Retailer to Open Brick-and-Mortar Stores to Grow Business
Pictured: Aaron Sanandres, CEO, of Untuckit, left, speaks on panel with Mohamed Haouache, Storefront CEO.Credit: Tony Wilbert of CoStar Group.Untuckit co-founder Aaron Sanandres said he and his partner Chris Riccobono knew in the first week that they...

05/21/2018
Six Ways To Win at Experiential Retail, According to JLL
Naveen Jaggi, president of retail advisory services for JLL, speaks at the International Council of Shopping Centers’ Real Estate Convention on Monday.Credit: Tony Wilbert for CoStar Group Inc. While everyone at the International Council of Shopping...

05/17/2018
Lollapalooza All Year? Sterling Bay Inks Events Deal with Live Nation at Lincoln Yards
Courtesy: Edelman.Sterling Bay is stepping up the "play" part in its work-live-play redevelopment of the 70-acre Lincoln Yards site along the Chicago River through a partnership with Live Nation for as many as five entertainment venues. Live Nation...

05/16/2018
Forget the Chicago Spire, Related Midwest Has Two-Tower Plan for 400 N. Lake Shore Dr.
Courtesy: Related MidwestRelated Midwest on Wednesday unveiled an architecturally significant waterfront design for the failed Chicago Spire project site that could add two more bold, shiny standouts to an already notable skyline. The much-anticipated...

05/15/2018
Get Ready Chicago and San Francisco, It's Amazon Go Time
Credit: Amazon Jobs Chicago and San Francisco will soon be hosting new Amazon Go cashier-less grocery stores, according to Amazon.com, which posted job openings for both locations on its website. The job postings confirm rumors that have been running...

05/14/2018
Sears Holdings Forms Independent Board Committee to Explore Lampert Proposal
Sears Holdings Corp. said Monday that it has formed a special committee of the board of directors to independently review a proposal from CEO Edward Lampert’s hedge fund, ESL Investments, to purchase certain Sears assets. In a Sears report, the company...

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