In need of some retail wizardry, Chicago’s Mag Mile welcomes Harry Potter
Famed book and movie franchise opens latest permanent interactive retail experience
It may require more than the wave of a wand to bring the Magnificent Mile back to its pre-pandemic glory, but the opening of a big, Harry Potter-themed store in Chicago renews hope...
Nation’s largest bank adds office space in Chicago as it renovates nearby Chase Tower
JPMorgan signs large expansion at 37-story Citadel Center
JPMorgan Chase is adding a large block of office space in Chicago’s Loop business district, providing flexibility while making major renovations to its namesake skyscraper down the...
Historic, high-visibility building in Chicago’s Logan Square sells for residential conversion
J2 Equities scoops up former Hollander Storage & Moving building
Almost seven years after buying a historic building at a high-traffic intersection of the Logan Square neighborhood and drawing up multiple redevelopment plans, a Chicago developer...
U.S. Cellular to lay off thousands nationwide as T-Mobile acquisition looms
Deal struck to offer employment to 'majority' of affected workers, company says
U.S. Cellular and T-Mobile have struck a deal to keep a majority of the thousands of employees that are about to be let go as Chicago-based U.S. Cellular prepares to sell its wirel...
Industrial outdoor storage investor buys Chicago-area site as part of major US expansion
Industrial Outdoor Ventures looks to invest $350 million over next year
A local firm has bought a nearly 6-acre industrial outdoor storage facility northwest of Chicago as part of a planned major expansion in the gritty but high-demand real estate sect...
Morgan Properties pays $501 million for apartments in year's largest US multifamily deal
Firm boosts Midwest portfolio in 11-property transaction across eight states
Morgan Properties has paid $501 million for more than 3,000 apartments across eight states, significantly boosting its Midwest holdings in the U.S. multifamily sector’s largest dea...
Hoxton plans second Chicago hotel amid global expansion
UK-based parent Ennismore agrees to open location within planned 47-story tower
Lifestyle brand Hoxton is planning a second Chicago hotel as part of its global expansion, committing to open an approximately 240-room hotel in a 47-story tower that Magellan Deve...
Atlanta-based firm adds to data center boom near Chicago’s O’Hare airport
T5 Data Centers pays more than $21 million for land in Elk Grove Village
An Atlanta-based data storage developer has paid more than $21 million for land near Chicago’s O’Hare International Airport, where it plans to add to an already busy slate of proje...
Apartment tower along Chicago River gets refinanced for $110 million
Debt replaces loan taken out when Cityfront Place sold in early weeks of COVID-19
Five years after buying a 480-unit apartment tower along the Chicago River in the early weeks of COVID-19, the owners have refinanced Cityfront Place with a $110 million loan.
Office building west of Chicago to make way for industrial project
Bridge Industrial plans to replace 1960s structure in Downers Grove, Illinois, with distribution center
A Chicago-based real estate firm active in the national office-to-industrial development movement is lining up its next project in the western suburbs, where it plans to demolish a...
Developer of Chicago’s $6 billion Lincoln Yards hands part of site back to lender
Sterling Bay to surrender about 27 acres on North Side to Bank OZK
The developer of Chicago’s Lincoln Yards megadevelopment is set to hand back the northern half of the riverfront land to its lender, leaving an uncertain future for one of the most...
Life Time is buying two Chicago-area fitness complexes, with one to become pickleball hub
Growing company has deal to buy facilities in suburban Northbrook and Burr Ridge
Premium health club operator Life Time Group Holdings is buying two sprawling complexes in the Chicago suburbs as part of its ongoing expansion spree, with plans to convert one of ...
Hotel on Chicago’s Navy Pier, built during pandemic, lands $60 million refinancing
Opening of 233-room Sable was delayed by COVID-19
A hotel that was built on Chicago’s Navy Pier during COVID-19 and whose opening was delayed by the pandemic has secured $60 million in long-term debt to replace construction financ...
Another data center is taking off near Chicago’s O’Hare airport
Project by Stack Infrastructure in Elk Grove Village comes amid miniscule availability
A Denver-based developer is set to build a data center not far from one it already owns near O’Hare International Airport, a project that comes as Chicago and other major markets h...
Purchase of 36-story office tower at bend of Chicago River helps unclog investment sales market
Sale/acquisition of the year for Chicago
Beacon Capital Partners’ purchase of a 36-story office building along the curve of the Chicago River came at a loss to its longtime owner, but the high-profile deal may have helped...
Historic Chicago building rises from canyon of distress to leasing success
Redevelopment of the year in Chicago
When the longtime owner of the Chicago Board of Trade Building walked away from that investment in early 2023, it was among many financially troubled office buildings handed back t...
Vacant office space near Detroit provides charter school with the needed room to grow
Lease of the Year for Detroit
An overabundance of under-utilized office space has led to a variety of creative and unexpected new uses throughout the country, including a charter school network’s deal to take o...
Apartment tower clears obstacles to tower 73 stories over Grant Park
Multifamily development of the year in Chicago
Chicago’s newest skyscraper faced a series of obstacles before it could rise 73 stories above Grant Park.
Medline Industries adds to Chicago-area expansion with huge office lease in northern suburbs
Lease of the year in Chicago
When Medline Industries leased an entire seven-story building north of Chicago, it wasn’t just the largest office lease signed in the suburbs since 2022.
Near Goose Island, Chicago's first modern vertical warehouse rises
Commercial development of the year for Chicago
When Logistics Property Co. bought an 11-acre site near Goose Island, the firm decided to try something only previously seen in densely populated Asian cities and, in recent years,...