Chicago’s $3 billion Foundry Park development takes key step forward
JDL Development, Kayne Anderson win approval from Chicago Plan Commission
A $3 billion development plan for much of the former Lincoln Yard site on Chicago’s North Side has taken an important step forward, winning approval from the Chicago Plan Commissio...
A decade in the works, Obama Presidential Center nears finish line after delays, criticism
High-profile project in Chicago is costliest of its kind in US history
Barack Obama’s presidential library and museum complex is scheduled to open this spring on Chicago’s South Side after a decade of planning, legal fights and cost overruns. It’s set...
Transwestern to move Chicago office atop 30-story tower
Lease comes after hiring new market leader last year
A few months after naming a new Chicago market leader, Transwestern Real Estate Services is moving its office in the city to the top of a 30-story tower on Wacker Drive.
Michigan Avenue office tower sells for highest price in Chicago since 2022
Real Capital Solutions pays $132.5 million for 35-story building
A 35-story office tower at the southern tip of the Magnificent Mile has sold for more than $132 million, the highest-priced Chicago office deal in nearly four years.
Nuveen changes from lender to owner of 35-story office tower along Chicago River
Investment manager plans to upgrade River North property
Nuveen has switched from lender to owner of a prominent office tower along the Chicago River, with plans to pour funds into the property to add new tenants.
Time Out food halls to shut down in Chicago, Boston
Closings come during national shakeout in communal dining
Time Out Group is closing large food halls in Chicago’s Fulton Market and near Fenway Park in Boston during a national shakeup in communal dining.
Loft offices in Chicago’s River North to be converted to apartments
Monroe Residential Partners buys building out of financial distress
A Chicago firm plans to switch uses for a River North building that it bought out of financial distress, adding to a wave of office-to-residential projects in the area just north o...
Amazon eyes a site near Chicago for its biggest store format yet
Online retail giant seeks zoning approval for sprawling building in Orland Park, Illinois
E-commerce behemoth Amazon is looking to a site in the Chicago suburbs for its biggest store format yet, marking its latest experiment to boost bricks-and-mortar sales.
Redevelopment of shopping center in Chicago’s Lincoln Park moves close to start
Later phase of Willow Street District could include residential tower
The owner of a shopping center in Chicago’s Clybourn Corridor is close to launching a redevelopment that later could include a big residential tower.
Funkytown Brewery lands Chicago grant for facility planned near United Center
Owners hope funds will help advance project
A Chicago brewery has landed a $3.7 million grant from the city, taking a big step closer to its vision of opening a facility near the United Center arena.
Aldi plans 180 new stores this year, adding to aggressive US expansion
German discount grocer to enter Colorado, Maine
Aldi plans to open more than 180 new stores by the end of this year as the German discount grocer continues aggressive expansion following a record number of U.S. openings last yea...
LaSalle to invest $250 million in recently traded multifamily portfolio
Firm’s stake follows $1.6 billion Cortland deal buying 5,805 units from Elme Communities
LaSalle Investment Management is buying a large stake in a 5,805-unit multifamily portfolio that Cortland acquired for $1.6 billion last year as part of the wind-down of real estat...
Amli Residential changes CEO for first time since 1980 founding
Chicago-based multifamily firm promotes Fred Schreiber to top job
Amli Residential, a major U.S. multifamily developer and investor based in Chicago, is changing its top leadership for the first time since the company’s founding in 1980.
Urban Outfitters’ closing creates retail vacancy in Chicago’s high-demand Gold Coast
Clothing chain to shut down multilevel store this month
Urban Outfitters is closing its Gold Coast store in Chicago, creating a rare large availability in a high-rent neighborhood where retail has outperformed the broader market for yea...
New Qdoba openings part of aggressive US expansion in competitive industry
Mexican fast-casual chain plans hundreds of new restaurants in coming years
Qdoba Mexican Eats has opened its first new stores in the Chicago area in 15 years, part of the fast-casual chain’s move to add hundreds of U.S. locations annually in the years to ...
After discount purchase, owners of Chicago property add tenant T.J. Maxx
Retailer signs 10-year lease in North Side shopping corridor
Less than two years after buying an eight-story building in Chicago’s Clybourn Corridor at a massive price cut from its previous value, a group of Chicago real estate investors has...
TPG takes majority ownership stake in Lennar’s Quarterra multifamily arm
Alternative asset manager commits $1 billion, says it will raise additional capital for growth
Alternative asset manager TPG has taken a majority ownership stake in homebuilder Lennar’s multifamily division, Quarterra, with plans to raise more capital to fund thousands of un...
Barnes & Noble’s national comeback extends to State Street in Chicago
Bookseller to take over onetime Borders store
Barnes & Noble is planning to take over a major retail space on Chicago’s State Street that was once home to now-defunct rival Borders, adding to a comeback by the bookstore chain ...
Chicago professional women’s soccer team plans practice facility north of city
Chicago Stars FC to redevelop former Walgreens property in Bannockburn, Illinois
Chicago’s professional women’s soccer team is planning a new training facility in the suburban North Shore as the team’s owners try to raise the franchise’s profile in the nation’s...
Chicago investor R2 adds to its bet on River North loft offices
Firm buys five-story building out of financial distress
A Chicago-based real estate investor has bought a River North loft office building out of financial distress, adding to its portfolio in a niche that the firm believes will outperf...