Chicago

The latest deals, personnel moves and trends in the Midwest region.

The purchase is just the latest in a string of high-profile projects for Sterling Bay

The only real concern is that we are in the midst of one the longest expansions on record, and at some point, the economy will hit a rough patch.

Tearing down these properties often makes less sense than finding new uses appropriate for an era when consumers shop so much online.

But much of the current demand is for the best class A spaces in the most prestigious submarkets.

The South Loop has become one of the hottest submarkets, and that's giving new life to some of its historic structures.

The new West Loop trophy properties have been a big success, but a lot of new space is still on the way.

Centers now need a highly-educated workforce, and large US metros have what they need.