Chicago’s Salesforce Tower nears $610 million refinancing
CMBS loan will provide long-term debt for 60-story building launched in early weeks of pandemic
Half a decade after breaking ground on a 60-story office tower along the Chicago River in the opening weeks of a global pandemic, the owners of Salesforce Tower are close to finali...
Distinctive postmodern office tower in Chicago’s Loop on market in likely short sale
Beacon Capital, US Bank hire brokers for 40-story building
A Boston-based firm that already has taken punches from decreased office values in Chicago is putting a distinctive tower in the Loop business district on the market in a likely sh...
Chicago developer Sterling Bay to move HQ in Fulton Market office shuffle
Real estate firm to leave behind Green Street tower that it built
Sterling Bay is moving its headquarters as part of a shuffle of tenants within Fulton Market, the former meatpacking district that the Chicago developer has been instrumental in re...
Chicago firm more than triples size of headquarters
Lyra Technology creates first long-term space after busy year of acquisitions
A Chicago-based investor in information technology service providers has more than tripled the size of its office in a move from short-term space to a move-in-ready suite in the Lo...
US office leasing comeback expands beyond New York
Pace of deals in Pittsburgh, Kansas City, San Antonio, Minneapolis and Cleveland fuels new optimism
New York has led the way toward an office recovery from the peak of COVID-19 worker isolation, but it is other cities — far from Manhattan and smaller in size — that have top comme...
Kim Kardashian’s Skims plans store in Chicago’s Gold Coast
Shapewear brand leases space in recently sold building at Rush and Oak streets
Celebrity Kim Kardashian’s Skims is leasing space in Chicago’s Gold Coast, reflecting a shift in local retail property demand, as the shapewear brand extends its initial wave of st...
7-Eleven parent names new CEO, plans IPO for North American convenience store business
Move follows $47 billion offer from Canada’s Couche-Tard to buy Japan-based company
Trying to fend off a $47 billion takeover, the Japanese owner of the 7-Eleven convenience store chain for the first time named an American CEO and unveiled plans for an initial pub...
Bank sells longtime branch to active developer in Chicago’s fast-changing Gold Coast
L3 Capital buys Wintrust property for $21.5 million
A Chicago developer has paid more than $21 million for a Wintrust Bank branch at Oak and Rush streets, adding to its nearby holdings as the posh corner of the Gold Coast undergoes ...
UPDATE: Federal government cuts GSA staff and takes down list of 400 buildings destined for disposal
Government's property agency confirms staffers fired this week
This story has been updated to note subsequent actions taken by the federal government.
Chinese architect wins 2025 Pritzker Prize, industry’s top honor
Liu Jiakun’s projects include museums, academic buildings and civic spaces
Chinese architect Liu Jiakun, who has designed a wide range of projects in and around his home city of Chengdu, is this year’s winner of the Pritzker Architecture Prize, the indust...
Greater Chicago, Texas top ranking for corporate relocations and expansions
Site Selection magazine selects top markets with analysis of facility investments
Two distinctly different commercial real estate markets, the Chicago area and the state of Texas, extended their runs as leading attractions for corporate facility investments in a...
Coca-Cola to expand Chicago space in Fulton Market
Deal means original Schwinn bicycle factory will be converted to offices rather than hotel
Coca-Cola plans to move into an expanded Chicago space in Fulton Market next year in a deal that will give the original Schwinn bicycle factory a new life as corporate space.
Talking Heads’ Byrne is bringing ‘Theater of the Mind’ to Chicago loft office building
Multisensory production is example of experiences taking over office and retail space
Talking Heads frontman David Byrne is bringing a theatrical, multisensory production to a historic building along the Chicago River, one of the latest examples of interactive exper...
Metals company plans office move in Chicago’s western suburbs
Ryerson signs one of market’s largest early leases of 2025
Metals processor and distributor Ryerson is moving workers in Chicago’s western suburbs less than 2 miles from their current space in one of the market's largest office leases of e...
Former Allstate HQ campus near Chicago lands big logistics tenant
HuFriedyGroup plans move to Dermody campus in Glenview, Illinois
The developer converting Allstate’s former headquarters campus in the Chicago suburbs into a logistics campus has landed a big tenant for one of the completed warehouses, a key ste...
Chicago Harry Potter-themed store aims to break spell of high retail vacancy
Sprawling Michigan Avenue space opens in April
A sprawling, Harry Potter-themed store is just weeks from opening on Chicago’s Magnificent Mile, furthering a national expansion of experience-based retail and offering a potential...
Former film studio owner buys loft office building in Chicago’s River North
Property previously was sporting goods store and coworking space
About three years after his family sold a sprawling Chicago film production campus for more than $1 billion, Alex Pissios’ real estate investment firm has bought a high-vacancy lof...
Tishman Speyer pays $114 million in second Chicago multifamily deal
New York-based firm buys 191-unit Elevate Lincoln Park building on North Side
Tishman Speyer has paid almost $114 million for a 191-unit apartment building on Chicago’s North Side, adding its second multifamily property in the city where it long has been one...
Blackstone lands extension of $1.3 billion loan on Chicago’s tallest skyscraper
Willis Tower’s owner has up to five more years to pay debt
Blackstone has at least three more years to pay off about $1.3 billion in debt on Chicago’s tallest skyscraper, the 110-story Willis Tower.
Another high-vacancy office property hits market in Chicago
AEW Capital Management has owned 16-story building since 2015
A 16-story building near Chicago’s massive Old Post Office is the latest high-vacancy office property to hit the for-sale market, following a wave of heavily discounted office prop...