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CHICAGO-Developers wiling to include affordable units in their single-family, condominium or townhouse plans are sought for 36 sites. Sales of city-owned lots located near the Chicago Transit Authority's California Avenue and Kedzie Avenue Green Line stops could net the city more than $1.1 million.
CHICAGO-Named in honor of the late Mayor Harold Washington, the 40,000-sf center is the latest development in an area that includes the Chicago Blues District as well as residential redevelopment.
WHEELING, IL-The Boston-based REIT pays less than $34 per sf for the 345,000-sf multi-tenant building at 770 ACCO Plaza Dr. believed to be the largest industrial deal in the northern suburbs this year.
CHICAGO-The remaining lower and mezzanine level retail space at the 1.5-million-sf project at 131 S. Dearborn St. could be leased within the next 60 days, according to Prime Group Realty Trust.
CHICAGO-The Roseland and West Pullman communities are seriously short on retail services, with the nearest full-service grocery store more than a mile away. The city is offering five acres at 115th Street and Michigan Avenue for someone willing to build a 60,000-sf grocery store.
CHICAGO-Skokie developer Robert Levin's $83-million project will convert the six-story, 522,324-sf Le Grou Cold Storage building into 414 loft condominiums, with another 77 units being built on the 6.3-acre site.
NILES, IL-The importer of towels and linens gets nearly $2.1 million for a 29,000-sf building on 1.2 acres at 7313 N. Harlem Ave., which will be redeveloped as a retail center; and $1.5 million for a 56,000-sf warehouse in Elk Grove Village.
CHICAGO-Although developer Guy Gardner declines to put a figure on his three-building development, it would be well above $100 million based on his price ranges from $300,000 to "several million."
CHICAGO-IBM Corp. gives Prime Group Realty Trust two-years warning of its intent to leave 330 N. Wabash Ave. The computer giant is the REIT's No. 2 tenant, paying $9.3 million a year.
CHICAGO-Once slated for a 79-story building with 650 multifamily rental units and 350 hotel rooms, the nearly one-acre site is being bought from the Alter Group by Belgravia Group and Sandz Development. They plan 401 condominiums in a 40-story building on the north side of the site and a 46-story building to the south.