Chicago

News

Inland Private Capital Closes First Opportunity Zone Fund Offering

John Jordan |

The fund, through its affiliated entities, plans to develop a 120-room hotel, operated under a nationally recognized brand, and a six-story, 144-unit apartment community at the site.

News

NY Investor Completes Record Condo Deconversion Buy on Chicago’s Lake Shore Drive

John Jordan |

The transaction marks the highest sale price achieved for a bulk condo sale in the history of Chicago, according to CBRE, which brokered the deal. New ownership will deconvert the property back to apartments.

Law Firms Continue to Contract Square-Footage in Chicago

John Jordan |

Overall, Chicago recorded 854,255 square feet of law firm transactions from the third quarter of 2019 through the second quarter of 2019, up from 702,971 square feet the year prior.

News

Chicago Mayor Calls for Early Termination of Four TIF Districts

John Jordan |

The mayor introduced the proposals to the City Council last week that would terminate the Pershing/King TIF district, the Harlem Industrial TIF district, the Irving Park/Elston TIF district and the South Works Industrial TIF district on Dec. 31 2019.

News

DSC Logistics Signs 375,000 SF Industrial Lease in Shorewood

John Jordan |

DSC Logistics has already taken occupancy of 250,000 square feet at the building to start processing inbound deliveries and, within the next six months will expand to occupy half of the newly built distribution center once additional interior and site improvements are completed.

News

Nicole Crafts to Close More Than 140 A.C. Moore Stores

John Jordan |

Locally-based Nicole Crafts, the parent company of A.C. Moore, announced that it was exiting its retail operations and has hired the retail and real estate divisions of Gordon Brothers to close the A.C. Moore stores located from Maine to Florida.

News

Construction Begins on River North Office Building Renovation/Expansion Project

John Jordan |

The renovated and expanded building will feature floor plates of 15,295 rentable square feet and will total 93,535 rentable square feet in total when completed.

News

State, Feds Fund Next Phase of Springfield Rail Improvement Project

John Jordan |

The Rebuild Illinois capital program invested $122 million to fully complete the Springfield Rail Improvement Project, including nearly $30 million to begin this phase of the project.

News

State Releasing Funding for New Projects at Chicago State University

John Jordan |

At Douglas Hall, the project will include building envelope stabilization, and structural, infrastructure and technology capital improvements that will support the new nursing simulation laboratory within Douglas Hall.

News

Qualtrics to Open New Chicago Office in 2020

John Jordan |

The Chicago office is the latest in a series of expansion announcements in major cities for Qualtrics, which recently announced Qualtrics Tower in Downtown Seattle and a large expansion in Dublin, Ireland.