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07/20/2018
Related Midwest’s Planned 52-Story Chicago Tower, Extending Skyline, Gets Initial Approval
Developer Related Midwest edged closer to extending the skyline of the third-largest U.S. city by winning initial approval for a 52-story mixed-use project at Randolph Street and the Kennedy Expressway. A 615-foot tower at 725 W. Randolph would be...

07/20/2018
Draper and Kramer, Intercontinental Real Estate Close on Chicago's Burnham Pointe at Printers Row
A luxury apartment tower in Chicago’s Printers Row has traded hands, with the new owners eyeing a value-added play. The 28-story, 298-unit Burnham Pointe tower is at 730 South Clark Street between West Harrison and West Polk streets, just east of Grant...

07/20/2018
U.S. Property Sales Fall 8% in the First Half of 2018
One of the largest office sales in the first half of 2018 was 5 Bryant Park in New York City, which Savanna Capital acquired in May from The Blackstone Group for $640 million.Commercial real estate sales fell 8 percent in the first half after years of...

07/19/2018
Sterling Bay's $5 Billion Proposal for Chicago's Lincoln Yards Redevelopment Calls for Office Towers, Stadium and Concert Hall
Sterling Bay unveiled a long-awaited and sweeping proposal to redevelop almost 53 acres of Chicago industrial sites into a new neighborhood it dubbed Lincoln Yards along the Chicago River about five miles north of the downtown financial district. The...

07/19/2018
Chicago Industrial Market, the Nation's Biggest, Flexes Its Muscle With Whirlpool Site Sale
Chicago’s industrial property market, the nation's biggest, is showing its strength with the sale of a Whirlpool distribution center in Joliet, IL, to Nuveen Asset Management, the region's largest sale of its kind in three years. The $71.5 million...

07/18/2018
Ferrara Candy, Sweet on Downtown Chicago, Will Move HQ from the Suburbs to City's West Loop
Add Ferrara Candy Co. to the list of Illinois corporations migrating from the suburbs and smaller cities to downtown Chicago. The maker of Baby Ruth’s, Lemonheads and Sno-Caps is moving its confections corporate business to the Chicago Loop, following...

07/16/2018
Hines Seeks to Demolish McDonald's 'French Fry Building' for a New Village Center in Suburban Chicago
The "French Fry" building, which formerly housed McDonald's innovation offices, has been targeted for demolition by Hines as the company looks to re-zone the site for mixed use.Hines is seeking permission to level a McDonald’s Corp. building in Oak Brook...

07/16/2018
Senior Housing Moves Downtown
A new senior housing building developed by Bridgewood Property and equity partner Harrison Street Capital at 1015 South Shepherd Drive, one of the housing communities the venture is developing. The quarter-acre development site on Kelvin Drive in Houston...

07/16/2018
Agellan Finds Lead Tenant for Largest Chicago-Area Property in Portfolio
Toronto-based Agellan Commercial Real Estate Investment Trust said it has locked down a tenant to occupy 80 percent of the space about to be vacated at its largest property located in suburban Chicago. The REIT said it had agreed to a lease with Aldi...

07/16/2018
The Opus Group Appoints New Senior Director, Real Estate Development
The Opus Group has hired Michael Robinson to help identify and oversee new industrial developments in the Greater Chicago area, a region that also includes northwest Indiana and southeast Wisconsin. As senior director of real estate development, Robinson...

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