Medical school to open next year in former Tyson Foods office building in Chicago
Plan adds to national trend of corporate space being converted to new uses
A new medical school will open next year in a Chicago office building that was once fully leased to Tyson Foods, expanding the trend of unwanted corporate space in recent years bei...
Chicago firm strikes deal to sell development site in Fulton Market
Sterling Bay puts larger parcel next door on market
Chicago developer Sterling Bay has a deal to sell a big development site in Fulton Market to a firm that plans a 398-unit apartment building, while putting an even larger site next...
Formula One-inspired restaurant with high-tech racing simulators to replace Chicago brewery
Lease for former Rock Bottom building is part of F1 Arcade’s global expansion
Global motorsports giant Formula One plans to bring its race-simulator restaurant and arcade concept to Chicago, striking a deal to take over a historic, two-level building in Rive...
Mesirow raises more than $1 billion for US multifamily acquisitions
Chicago-based firm’s value fund to target up to 30 largest markets
Financial services firm Mesirow has raised more than $1 billion for a fund to invest in apartment buildings in major markets, real estate it seeks to buy for less than it would cos...
This former Chicago home of Blue Man Group and horses pitched as apartments
Local developer seeks new direction for Briar Street Theater building that began as stables
A Chicago building that began as horse stables and most recently hosted a nearly three-decade run of Blue Man Group concerts could be headed to a new chapter in its colorful histor...
Value of Chicago’s tallest skyscraper falls well below Blackstone’s loan balance
New Willis Tower appraisal comes in at $1.03 billion
The value of Chicago’s tallest skyscraper has plunged in a recent appraisal that says the 110-story former Sears Tower is now worth far less than the $1.3 billion-plus that Blackst...
New owner takes wheel of Chicago’s whimsical Rolls-Royce Garage
Nine-story structure designed by late Stanley Tigerman to resemble front of luxury car
The Rolls-Royce of parking garages has sold for more than $12 million, with the quirky, Stanley Tigerman-designed structure in Chicago’s Loop business district changing hands for t...
Chicago 55-acre megadevelopment nears ownership change
JDL is in talks to buy Lincoln Yards parcels long controlled by Sterling Bay
One of biggest and best-known development sites in the United States could soon change hands, with a Chicago real estate firm in advanced talks to buy all 55 acres of the Lincoln Y...
Singapore-based developer plans logistics property near Chicago
Mapletree Investments buys more than 18 acres in Joliet, Illinois
A Singapore-based industrial developer plans to construct a big logistics facility on speculation southwest of Chicago amid a slowdown in such projects locally and nationally.
Former real estate executive at AIG, JPMorgan joins Chicago boutique firm
Sean Sullivan becomes president of KWill RE’s asset management business
A former top real estate executive at behemoths such as AIG and JPMorgan Chase is joining a much smaller firm based in Chicago, where he believes there is a big opportunity to help...
President Trump’s real estate firm hires new brokers to fill never-leased retail space in Chicago
Newmark lands assignment for base of residential and hotel tower that opened in 2009
President Donald Trump’s real estate firm has hired new brokers to bring retailers to the base of his namesake hotel and residential skyscraper along the Chicago River, a high-prof...
Australian startup joins quantum computing campus on Chicago’s south lakefront
Diraq commits to operation at Illinois Quantum and Microelectronics Park
An Australian startup plans to be a tenant within a sprawling quantum computing campus planned on the site of a former U.S. Steel plant on Chicago’s far South Side.
Two Chicago coworking spaces shift to new operators
Workbox expands to Civic Opera Building, while The Yard Signature arrives in Fulton Market
A Chicago coworking firm plans to open its largest space in the Civic Opera Building amid a national expansion, while a New York-based firm is rolling out a new, higher-end flexibl...
Is the real estate demand cycle broken? Uncertainty is the new norm for property professionals.
'This correction is very, very different': Executives say shifting public policy muddies the investment waters.
Before the pandemic started in 2020, commercial real estate executives spoke of property market demand that followed a fairly discernible cycle.
This vintage Chicago office building stands out amid market’s struggles
Decades-long owners of 20-story tower pour in new capital as competitors lose vitality
While vintage office owners are handing the keys to their lenders or seeking conversions to new uses such as apartments, the owners of a 20-story building in Chicago’s Loop busines...
Chicago residential developer has deal to buy northern half of stalled Lincoln Yards
JDL is under contract to buy 27 acres handed back to Bank OZK by Sterling Bay
A Chicago firm known for big residential developments has struck a preliminary deal to buy about half of the Lincoln Yards land on the city’s North Side, adding a new player to the...
Investors buy suburban Chicago shopping center, land medical tenant to fill vacancy
Capital Healthcare Properties and HSG Medical acquire property in Lombard, Illinois
A Chicago joint venture formed to develop medical properties has bought a shopping center in the western suburbs out of financial distress and signed a large physicians group to fi...
Developer of 50-story residential tower in Chicago’s Bronzeville neighborhood nears land purchase
Griffin Venture Group says it’s close to buying site for Metropolis Pointe tower
A commercial real estate broker turned developer said his firm has a deal to buy a Chicago site just south of the McCormick Place convention center, where he is planning a project ...
Chicago’s tight Armitage retail avenue squeezes in new tenants
Abercrombie & Fitch is coming to Lincoln Park, while Marine Layer moves nearby
New tenants are squeezing into one of Chicago’s top North Side retail avenues amid historically low vacancy, underscoring how the wealthiest urban areas are thriving despite broade...
Major mall near Chicago, approved for $440 million redevelopment, goes up for sale
Sterling Organization hires JLL brokers to market Golf Mill Town Center in Niles, Illinois
After landing zoning approval and public backing for a $440 million overhaul of a huge shopping mall in Chicago’s northern suburbs, the property’s longtime owner is looking to hand...