Former Motorola campus outside Chicago sells for less than renovation cost
R2, JDI Realty acquire Innovation Park Lake County for $35 million
A Chicago firm with a reputation for urban redevelopments has purchased the former Motorola Mobility campus in the far northern suburbs for less than what the seller paid a decade ...
Dutch company signs largest new office lease of year in downtown Chicago, filling Fulton Market building
Payment processing firm Adyen is moving into 19-story tower
A Dutch payment processing firm has signed the largest new downtown Chicago office lease of this year in Fulton Market, almost three years after announcing plans to create a techno...
Owner of mall near Chicago begins demolishing vacant Carson’s store to make way for 600 apartments
Redevelopment of Yorktown Center follows national movement toward mixed-use redevelopments of malls
A mall near Chicago that was touted as the nation’s largest shopping center when it opened in the late 1960s has joined the national shift toward replacing vacant department stores...
Two Chicago companies to expand headquarters in Wacker Drive skyscrapers, bucking national trend
Adtalem Global Education is moving to Willis Tower, while Energize Capital is growing within its building
Two Chicago companies are expanding their corporate headquarters in Wacker Drive skyscrapers in deals that run counter to the trend of office tenants nationally slashing space in r...
After huge portfolio deal, Alterra IOS buys industrial storage sites in seven markets
Philadelphia-based firm recently sold properties to real estate investment trust for $490 million
After a recent $490 million portfolio sale that turned heads in the burgeoning industrial outdoor storage sector, one of the niche’s biggest players has acquired seven more propert...
Development area reemerges as stadium option for Chicago Bears to stay in city
NFL franchise looks at former Michael Reese Hospital site as lakefront proposal appears stalled
The Chicago Bears could have another option to stay in the city if their vision for a new, publicly backed stadium on the lakefront remains stalled.
New buyers emerge for 57-story office tower in Chicago’s Loop business district
Namdar Realty Group and Mason Asset Management in negotiations after previous deal fell through
Affiliated New York real estate firms are working on a deal to buy a 57-story office tower in Chicago’s Loop business district at a huge discount to previous pricing after a deal w...
IWG to add nine Illinois offices as flexible workspace giant furthers expansion
Switzerland-based company’s deals include eight in Chicago suburbs and one in downstate Springfield
Flexible office-space giant International Workplace Group is adding nine new locations in Illinois as part of an ongoing expansion to capitalize on remote and hybrid work trends.
In move to defeat $300 million property tax increase, special meeting called for Chicago’s City Council
A majority of city’s 50 aldermen look to force Mayor Brandon Johnson to identify cuts instead
More than half of the members of Chicago’s City Council are calling for a special meeting next week to vote down Mayor Brandon Johnson’s proposed $300 million property tax increase...
Chicago office-to-apartments plan looks to line up $98 million in city backing
Proposal for historic office tower at 135 S. LaSalle St. heads to Community Development Commission next week
Just weeks after the first taxpayer-backed conversion of vintage Chicago office space into apartments won city approval, a larger plan is moving closer to fruition on LaSalle Stree...
Federal Reserve makes second interest-rate cut since September
The reduction of quarter percentage point, closely watched by real estate investors, was smaller than earlier move
The U.S. Federal Reserve said it is making a quarter-percentage-point cut to the baseline interest rate, its second recent reduction, in a move that could have ramifications for re...
Atlanta-based investor pays $137 million for warehouses near Chicago
MDH Partners buys three properties in Minooka, Illinois, from LXP Industrial Trust
An Atlanta-based investor has paid almost $137 million for three warehouses near Chicago in a deal that stands out during relatively low sales volume in 2024.
Owner of Chicago office tower looks to keep possession despite $370 million foreclosure suit
Beacon Capital Partners says it remains in talks to restructure debt
The longtime owner of a 52-story office tower along the Chicago River said it wants to restructure its debt and maintain possession after being hit with a foreclosure suit over its...
Chicago craft beer pioneer to close original brewpub in Logan Square
Revolution Brewing’s plan to sell building comes amid fierce competition nationally
Revolution Brewing, a pioneer in what has become a sprawling craft beer scene in Chicago, is closing its original brewpub in Logan Square amid a challenging landscape nationally.
Take a peek inside Google’s future office home in downtown Chicago
Newly released renderings include first glimpse of reconfigured atrium in glassy Thompson Center
Google has provided a glimpse of what could be inside the James R. Thompson Center in Chicago’s Loop business district, showing a free-flowing layout that will be open to the publi...
Chicago mayor breaks pledge, seeks $300 million property tax hike
Brandon Johnson’s proposed budget backtracks on key campaign promise, stirs opposition from owners
Chicago Mayor Brandon Johnson is proposing a $300 million property tax hike, reversing himself on a key campaign promise and setting up a new round of opposition from wary property...
Equinox fitness club planned for Chicago’s Fulton Market
Lease within office project is latest step in evolution of former meatpacking district
About a year after breaking ground on a rare new office project in Chicago’s Fulton Market, the developers are bringing a new amenity to the fast-growing neighborhood: an Equinox f...
High-demand retail street on Chicago’s North Side add New York bakery, California clothing brand
Levain Bakery and Rails are latest arrivals on Armitage Avenue in Lincoln Park, where rents have been on the rise
A New York bakery and a California-based clothing brand are coming to Armitage Avenue in Chicago’s Lincoln Park, one of the city’s highest-demand shopping corridors.
Streetwear brand Kith plans large store in Chicago’s Gold Coast
Deal is latest example of high demand in city’s top luxury shopping corridor
High-end streetwear and sneaker retailer Kith has leased a big, multilevel space in Chicago’s Gold Coast, extending a run of high demand in the city’s top luxury shopping district.
After big price reset, new owners of office complex near Chicago’s O’Hare airport are ready to upgrade
Two-tower Presidents Plaza gets cash infusion as part of $62 million recapitalization deal
New owners of the Presidents Plaza office complex near Chicago’s O’Hare International Airport are ready to spend millions of dollars sprucing up and re-leasing the two towers after...