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Chicago

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Chicago's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.

  • 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.

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Resources

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    Alternative Data Sets Strengthen Commercial Real Estate Decision Making

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    CRE professionals are relying more on data and analytics to drive decision making. Discover how alternative data sets provide a competitive edge on everything from choosing the best location for your next development opportunity to optimizing existing real estate footprints.

    Download Resource ›

  • 370 Lex: The Art Deco Tower for a New Office Tenant

    370 Lex: The Art Deco Tower for a New Office Tenant

    From 370 Lex

    Discover why a freshly updated 370 Lex, accompanied by a smart new direction and returning Broad Street Development owners, makes the property an enticing option for a new breed of office tenants.

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