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February 6, 2026
Cushman & Wakefield hires executive from rival to lead Midwest at 'pivotal time'
Cushman & Wakefield has picked an Avison Young executive to oversee its Midwest region as the current leader nears retirement and the global commercial real estate services firm's business gains momentum.
February 5, 2026
Tech research institute to buy mostly vacant Chicago office tower
A University of Illinois-led technology research center has struck a deal to buy a 16-story office tower on Wacker Drive along the Chicago River for about $25 million after it backed off plans to anchor a 62-acre mixed-use development.
February 4, 2026
Italian retailers add to leasing run on Chicago's North Michigan Avenue
Two fashion brands from Italy are moving into the former Cartier space on North Michigan Avenue in Chicago, extending a run of leases on the city’s best-known retail corridor after struggles in recent years.
February 4, 2026
Sold out of distress last year, 40-story office tower along Chicago River ready for makeover
The new owners of a 40-story office tower along the Chicago River, who bought at a massive discount to previous pricing with a vow to pour $30 million into major upgrades, unveiled a vision that includes converting the lower five floors.
February 4, 2026
Apartment tower proposed on Chicago's North Side as rents climb
Less than two years after buying a loft office building on Chicago’s North Side with plans to redevelop it, a team of local developers is changing course with plans to replace the low-rise brick structure with a 340-unit apartment tower.
February 4, 2026
Israeli firm joining 128-acre quantum computing campus in Chicago
An Israeli software firm plans to open a lab within a 128-acre quantum computing campus under construction on Chicago’s south lakefront, a deal that comes as the project competes with other cities and states to emerge as a top hub for the emerging sector.
February 3, 2026
Dutch firm expanding again in Chicago's Willis Tower
A Dutch trading firm is adding a large block of office space in Chicago’s tallest skyscraper, its second significant expansion in Willis Tower in less than four years.
February 3, 2026
Apartment complex near Chicago sells for $110 million
A sprawling apartment complex southwest of Chicago has sold to an Indiana-based investor for $110 million, the biggest deal of early 2026 following an active year for transactions throughout the area.
February 3, 2026
Cresa names new CEO to lead brokerage's expansion
Cresa has hired Ray Anderson, a longtime consultant for large corporations, to take over as CEO of the commercial real estate brokerage that has aggressively expanded under outgoing leader Tod Lickerman.
February 3, 2026
CBRE expands Las Vegas team; Cushman hire targets affordable housing business; Cresa adds life science broker
CBRE said it expanded its retail-focused services in Las Vegas with the hiring of Dan Hubbard as a senior vice president and Fernando Martinez-Reding as a senior associate. Hubbard joined the firm from Cushman & Wakefield, where he served as managing director and led Hubbard Retail Advisors within Cushman.
February 2, 2026
Daniel Burnham-designed office building in Chicago sells for $41 million
New York-based investors have bought a historic office building in Chicago’s Loop business district for $41 million, a fraction of the previous sale price about six years ago.
January 30, 2026
Hotel regions to watch in the Midwest in 2026
The Midwestern hospitality regions of Kansas City, Chicago and Detroit each exhibit conditions that could allow them to outperform their 12-month revenue per available room, or RevPAR, forecasts through December 2026.
January 30, 2026
Newmark expands hospitality practice; Paragon names investment chief; Skanska promotes building executive
Newmark said it promoted Jeff Mayer to senior managing director and national practice leader for hospitality, gaming and leisure, as the company looks to expand its valuation and advisory services geared to those property categories.
January 29, 2026
Chicago hotel, recently used as homeless shelter, sells for $13 million
A 122-room boutique Chicago hotel has sold for more than $13 million, setting up a new chapter for a property that in recent years served as a homeless shelter while the property was mired in a foreclosure suit.
January 29, 2026
Irvine Co. mulls first sale of trophy office tower in Chicago
A California real estate firm that has invested more than $2 billion on trophy office towers in Chicago since 2010 is now mulling its first sale in the city.
January 28, 2026
After big loss on Chicago riverfront office building, Sterling Bay seeks sale of property across street
A year after selling the 600 West Chicago office building along the Chicago River at a massive loss, a local developer is looking to sell a parking garage across the street as a multifamily development site.
January 27, 2026
Where Chicago's next multifamily units will be built
Chicago’s multifamily development pipeline is expected to slow significantly over the next three years. This follows a lengthy period of high activity, including strong construction totals between 2015 and 2019, when annual construction often ranged from 5,000 to over 10,000 units. The period from 2023 to 2025 was similarly active, with an average of more than 8,400 units annually. Those years were supported by projects started before construction costs and financing conditions rose.
January 27, 2026
Blackstone sells shopping center in Chicago suburbs at massive discount
Blackstone has sold a shopping center alongside the largest mall in the Chicago area for $69 million, a fraction of the price the private-equity giant paid more than a decade ago.
January 27, 2026
Avison Young expands industrial team; Colliers hire to chase multifamily deals; Secure names acquisition chief
Avison Young expanded its industrial services team with the addition of Ronan Remandaban as principal and Jesse Miranda as vice president in Chicago. The brokerage said it will advise clients in areas including acquisitions, development, site selection and procurement of electric power as Avison Young seeks to broaden its Midwest services geared to infrastructure, advanced manufacturing and related industrial property categories.
January 27, 2026
IHG’s Ruby Hotels brand to debut in North America
IHG Hotels & Resorts is bringing its recently acquired hotel brand Ruby Hotels to the U.S. for the first time.

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