Whole Foods distribution center on Chicago’s South Side sells for almost $32 million
Warehouse was part of broader development in historic Pullman neighborhood
A developer that has played a large role in the revival of Chicago’s Pullman neighborhood has sold a Whole Foods distribution center for almost $32 million, cashing in as it builds...
Will this Chicago office sale lead to world’s tallest teardown?
Hines explores demolishing 65-story tower that the firm’s development partners agreed to buy
Chicago's real estate community is abuzz in recent days after word emerged that one of the city's tallest skyscrapers is set to sell for about $70 million, a steep discount from th...
Apartments, retail for sale within 47-story Chicago tower launched early in pandemic
Sterling Bay, Magellan hire brokers after previous sale of hotel portion
Developers that broke ground on a 47-story tower on Chicago’s North Michigan Avenue in the early months of COVID-19 during a near standstill on major ground-up projects nationally ...
$148 million multifamily sale just north of Chicago sets suburban record
Hines affiliate buys two-tower E2 complex in Evanston, Illinois
A 352-unit apartment complex just north of Chicago has sold for $148 million, a record price for the suburban market that came at the end of an otherwise modest year for multifamil...
Flurry of Chicago deals underscores office challenges across the United States
This trio of towers collectively lost about $500 million in value from previous sale prices
A burst of office sales in downtown Chicago in recent weeks not only fuels optimism in commercial real estate circles that major price resets could lead to more deals in the year a...
One of Chicago’s tallest skyscrapers goes under contract for about $70 million
Local investors John Murphy and Gerald Kostelny have deal to buy 65-story office tower
One of Chicago’s tallest skyscrapers is in line to join the wave of office properties selling at huge discounts from previous pricing throughout the city and the country.
AI’s emergence opens new real estate frontiers
Surging demand for data centers leads developers to seek sites and massive amounts of power
Decades after a steel factory closed its doors in western Pennsylvania, a new type of metal product has emerged on the Rust Belt site.
Homebuilder completes purchase of part of Walgreens headquarters campus near Chicago
PulteGroup plans 42 single-family homes on land it bought for $5.1 million in Deerfield, Illinois
Single-family homes could soon rise on what for decades has been the northern portion of drugstore giant Walgreens Boots Alliance’s headquarters campus in suburban Chicago after ho...
This Chicago tower becomes largest to trade hands downtown in almost three years
Namdar Realty, Mason Asset Management pay about $85 million for 57-story office building
A 57-story skyscraper in Chicago’s Loop business district has sold for about $85 million, becoming the largest office property to trade hands downtown in nearly three years.
Warehouse deal contributes to increased Chicago-area sales in 2024
Ares Management affiliate pays Panattoni Development $46 million for property in Aurora, Illinois
A recently completed and partially leased warehouse west of Chicago sold for more than $46 million in the final days of 2024, helping cap a year of increased sales volume locally e...
New York firms complete discounted purchase of Chicago office tower
601W and David Werner Real Estate Investments land $62.5 million loan to buy 303 E. Wacker
New York investors have wrapped up the heavily discounted purchase of a 30-story tower in Chicago’s Loop business district, backed by $62.5 million in new debt that includes a larg...
Brewery planned near $7 billion development around Chicago's United Center
Funkytown Brewery to buy industrial building near home of Bulls and Blackhawks
As the owners of the NBA’s Chicago Bulls and NHL’s Chicago Blackhawks ready a $7 billion real estate development around their United Center arena, one of the nation’s few Black-own...
Grainger pays $78 million for vacant warehouse near Chicago
Industrial supplies company buys property next to longtime distribution center in Minooka
W.W. Grainger has paid $78 million for a vacant warehouse alongside a massive distribution center that the industrial supplies seller has occupied for more than a decade.
Owner of Chicago office building lands rare loan extension
KBS-sponsored trust extends debt maturity date on Accenture Tower until late 2026
The owner of a 40-story office tower that sits atop Chicago’s Ogilvie Transportation Center has extended its loan by up to three years and added $16 million to its balance, a rarit...
Major League Soccer’s Chicago Fire could bring more changes to megadevelopment
Team said to be eyeing new stadium at site along Chicago River between South Loop and Chinatown
Chicago’s Major League Soccer franchise is eyeing a new soccer stadium in the South Loop that could have major ramifications for the city’s real estate industry — as well as other ...
Fed cuts interest rates again but signals slowdown on reductions in 2025
Moves next year could have major effects on real estate and broader economy
The U.S. Federal Reserve made its third reduction to the interest rate in recent months but signaled a slowdown in cuts ahead in 2025 as inflation lingers, adding to long-term unce...
Office tower in Chicago lands largest downtown lease in three-plus years
Sargent & Lundy plans headquarters move to 51-story 77 W. Wacker in 2027
A Chicago-based engineering design firm has completed the largest new office lease in downtown Chicago in more than three years, making room for hundreds of new employees in its he...
Glenstar, Minnesota investor line up discounted deal for downtown Chicago office tower
Pending transaction follows partners’ recent acquisition of office complex on city’s northwest edge
Investors who recently teamed up to buy an office complex near O’Hare International Airport are now working together to acquire a 40-story office tower along the Chicago River in t...
Saudi firm enters deal to buy 35-story Chicago office tower
Olayan Group looks to acquire 401 N. Michigan Ave. at discount from past pricing
A Saudi Arabia-based investor that owns real estate throughout the world has a preliminary deal to buy a 35-story office tower at the southern tip of Chicago’s Magnificent Mile sho...
Investor known for big office projects in Chicago works on $63 million tower acquisition
601W’s deal comes at big discount to price paid by Beacon Capital Partners in 2018
A firm that has owned some of Chicago’s largest buildings has a contract to buy a 30-story office tower on the eastern edge of the Loop business district for about $63 million, a s...