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September 18, 2025
Transwestern hires Chicago market leader
Commercial real estate executive Blake Johnson has been hired to lead Transwestern Real Estate Services’ office in Chicago, where he will oversee more than 330 employees and a portfolio of more than 33 million square feet of leased and managed space.
September 18, 2025
Chicago Fire soccer stadium takes key step toward approval
A professional soccer stadium along the Chicago River moved closer to reality Thursday when a key city panel approved changes to Related Midwest’s $8 billion development called The 78.
September 18, 2025
Owner of mall near Chicago plans to add 288 apartments
Developers have won zoning approval for a second residential phase of construction at a mall north of Chicago, clearing the way to add 288 apartments as part of a national trend.
September 17, 2025
UPS sells properties to Fortress Investment Group as part of major cost-cutting plan
Global shipping company United Parcel Service agreed to sell at least four industrial and office properties in the Atlanta, Chicago and Southern California markets to Fortress Investment Group for about $368 million.
September 17, 2025
Shopping center near Chicago sells to developer planning apartment tower
A shopping center just north of Chicago has sold for more than $31 million to a developer that is seeking zoning approval to add a 358-unit apartment tower to the property.
September 17, 2025
U.S. hotel market shows mixed results as occupancy and average daily rate trends differ
Through July 2025, the U.S. hospitality sector is defined by pronounced divergence in market performance. Out of 172 markets tracked by STR, 87 have posted year-over-year declines in occupancy, highlighting a landscape where larger U.S. economic volatility and local dynamics are shaping outcomes more than ever.
September 17, 2025
Sports Illustrated Resorts to take over original Virgin Hotels location in Chicago
Virgin Hotels’ original spot in Chicago is set to be converted into a Sports Illustrated-themed resort near the Magnificent Mile after the historic, 25-story building recently sold for more than $77 million.
September 17, 2025
Office-to-residential conversion near Chicago’s Mag Mile lands more than $90 million in financing
Developers planning to convert a high-vacancy office building near Chicago’s Magnificent Mile retail corridor to 252 apartments have secured more than $90 million in financing, a key step for a property that has encountered multiple financial setbacks in recent years.
September 17, 2025
Emerging Concepts, adviser to likes of Puttshack and Museum of Ice Cream, shifts leadership
Emerging Concepts, a retail real estate brokerage that has helped the likes of Puttshack, Museum of Ice Cream, Flight Club and F1 Arcade expand in the United States and United Kingdom, has a new leader as founder Mathew Focht shifts focus to investing in retail concepts.
September 16, 2025
District Brew Yards to sell or lease properties as part of wind-down
The owner of District Brew Yards, a beer production facility, taproom and food hall that is home to four breweries, plans to shut down and bring new concepts to the buildings on Chicago’s Near West Side and in the northwest suburbs.
September 16, 2025
Historic preservation group honors projects in Philadelphia, Chicago and Memphis
A former Philadelphia power station. A longtime, single-room-occupancy hotel in Chicago. An empty school in Memphis, Tennessee.
September 15, 2025
Only 3 Midwestern cities see room revenue go up
Through July, St. Louis, Chicago and Columbus significantly outperformed their Midwestern counterparts when comparing revenue per available room, or RevPAR.
September 12, 2025
Chicago developers begin work on apartment tower amid high demand, few new projects
A group of Chicago real estate firms has landed more than $95 million in financing to kick off construction on a 287-unit apartment tower near high-demand Fulton Market, a rare groundbreaking in the city despite high demand and growing rents.
September 12, 2025
Convenience and variety drive retail success in Chicago
Since the first quarter of 2021, Chicago’s retail landscape has seen notable shifts in vacancy rates across different property types, with strip centers, neighborhood centers and power centers all showing strong performance.
September 11, 2025
Lengthy list of Chicago multifamily offerings gets shorter after nearly $90 million sale
National multifamily investor Waterton has paid almost $90 million for a 263-unit apartment building in its home city, removing one of several high-profile properties from the downtown Chicago for-sale market.
September 11, 2025
Private investor buys Chicago-area tech center building
A private investor has purchased a Chicago-area tech center building in an off-market deal.
September 11, 2025
Singapore investor plans another logistics development near Chicago as part of US expansion
A Singapore-based real estate investor has bought more than 29 acres of land near Chicago where it plans a logistics facility, another step in the firm’s quest to become one of the biggest industrial developers in the United States.
September 10, 2025
‘Eatertainment’ venue Pinstripes shuts 10 locations as it files for Chapter 11
Pinstripes — a restaurant-and-entertainment chain offering dining, bowling and bocce — has closed more than half its locations and filed for bankruptcy, citing inflationary pressures and consumers cutting back spending.
September 10, 2025
Soccer stadium along Chicago River moves toward goal
Plans to build a 22,000-seat professional soccer stadium along the Chicago River are advancing, moving a broader, $8 billion mixed-use development on the site closer to reality.
September 10, 2025
Sandwich chain Potbelly looks to fuel expansion with new owner RaceTrac
Potbelly is getting bought by convenience store operator RaceTrac in a roughly $566 million deal as the sandwich shop chain looks to accelerate its growth from 445 to 2,000 locations.

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