This 494-unit groundbreaking stands out in Chicago, where multifamily construction lags demand
Vista Property kicks off 32-story tower with two more to follow
A New York-based developer has broken ground on a 494-unit apartment tower in Fulton Market, a relatively rare instance of a large-scale multifamily project under construction in C...
Logistics development on former Allstate HQ campus near Chicago lands second big tenant
PepsiCo division signs build-to-suit lease with Dermody
A PepsiCo beverage division has signed a big lease to take over one of 10 warehouses planned on Allstate’s former headquarters campus in the Chicago suburbs, a key step in develope...
Vornado is open to selling iconic properties in San Francisco and Chicago
Nothing in portfolio is ‘sacred,’ CEO Roth says
New York developer Vornado Realty Trust is open to parting with two high-profile properties in San Francisco and Chicago, the last two it owns outside New York, as Chief Executive ...
Apartment tower that replaced Chicago grocery store is latest to hit market
Optima Lakeview was completed on former Treasure Island site in 2022
A 198-unit apartment building that replaced a grocery store on Chicago’s North Side is for sale, adding to an already lengthy shopping list for multifamily investors in the city.
French restaurant’s half-century run nears end as Chicago building goes on the market
Longtime home to Les Nomades lists as potential residential conversion
The nearly five-decade home of Les Nomades in Chicago is for sale in a deal expected to end a nearly half-century run of the acclaimed French restaurant.
Apartments proposed near Chicago’s Wrigley Field
If approved, five-story building would replace longtime home of Torstenson Glass
Two Chicago developers want to erect a 92-unit apartment building a few blocks south of Wrigley Field on a property that housed Torstenson Glass for more than a century.
Bain completes one of largest Chicago office leases in recent years
Consulting firm is taking over top five floors of downtown tower from Citadel
Consulting firm Bain & Co. will take over the top five floors of hedge fund Citadel’s longtime office tower in Chicago’s Loop, completing one of the largest new leases in the city ...
New office tenant in Chicago lands at Diamond tower overlooking Millennium Park
Econic Partners signs first long-term lease in city
The investors that bought and rebranded one of the most recognizable towers on Chicago’s skyline have landed a new-to-market tenant as part of a wave of new leases.
New York firm looks to sell 730-unit apartment complex near Chicago
Osso Capital seeks buyer less than two years after $95 million purchase
Less than two years after buying a 730-unit apartment complex in suburban Chicago for $95 million, a New York-based investor is looking to cash out amid an uptick in big multifamil...
Medieval Torture Museum owner buys building on Chicago’s State Street
Company pays $1.5 million, plans to unveil new attractions
The operator of the Medieval Torture Museum has bought a four-story building on Chicago’s South Street for a fraction of its previous sale price, with plans to launch new museum co...
Apartment tower lengthens list of big properties for sale in Chicago
Milieu adds to recent listings in and around Fulton Market
The owner of a 275-unit apartment tower in Chicago’s West Loop is putting it up for sale, adding to a wave of multifamily deals that have hit the market.
Prologis flips switch on first of 45 planned rooftop solar projects in Illinois
Industrial real estate giant’s first state program sits atop Franklin Park warehouse
The world’s largest industrial landlord is planning 45 rooftop solar energy projects atop its northern Illinois warehouses, which Prologis says will be one of the largest portfolio...
Shapack scales down its usual scope with new Chicago apartment project
Developer is known for reshaping fast-growing Fulton Market
One of the Chicago developers that helped propel Chicago’s Fulton Market into the city’s hottest real estate market is teeing up a new project just north of the former meatpacking ...
Park Hotels & Resorts puts second big Chicago property on market
REIT looks to sell 403-room Midland Hotel, part of broader disposition strategy
For the second time in a month, Park Hotels & Resorts is putting a prominent Chicago property on the market for sale.
148-unit tower is latest multifamily property to go up for sale in Chicago’s Streeterville
Longtime owner was hit with $22 million foreclosure suit last year
More than a year after hitting the longtime owner of a 148-unit apartment building in Chicago’s Streeterville with a foreclosure suit, the lender is reviving efforts to sell the 19...
Virgin Hotels sells 250-room property in Chicago where brand debuted in 2015
Accelerated Assets, which specializes in conversions to timeshares, paid more than $77 million
Virgin Hotels has sold its 250-room hotel in Chicago for more than $77 million to a firm that specializes in converting properties to timeshare investments, leaving an uncertain fu...
Medical center near Chicago sells for more than $21 million
MedProperties Realty Advisors buys Millennium Medical Center in Chicago Ridge, Illinois
A Dallas-based private-equity investor in medical properties has paid more than $21 million for an outpatient facility near Chicago.
Colliers rebrands and reorganizes investment management division
Brokerage brings several companies together as Harrison Street Asset Management
Commercial real estate brokerage Colliers is reorganizing and rebranding its investment management business, rolling several companies under the umbrella of Chicago-based alternati...
After losing large piece of Lincoln Yards, Sterling Bay looks to sell adjacent Chicago site
Land is already zoned for 355-unit apartment project
After losing control of a large portion of Lincoln Yards on Chicago’s North Side, developer Sterling Bay is looking to sell land adjacent to the megadevelopment that already has zo...
Chicago office building set for $50 million renovation after first ownership change in decades
Blue Star, Wolcott Group buy historic tower long owned by late billionaire Sam Zell
A Chicago firm known for unique real estate projects including the Salt Shed concert venue has bought a riverfront office tower previously owned by late billionaire Sam Zell for ha...