Chicago Commercial Real Estate News
Ravenous for Bite-Size Retail
They're just mad about corned beef in Chicago. And hamburgers. And pizza and frozen yogurt. For the first time in years, as large-format retail development...
Chicago Developer Boosts Profits With Public Program
As the government becomes the corporate lender of last resort, one company figured out long ago that state partnerships aren't always a bad deal. When...
Chicago Steams Ahead With Rail Industrial Parks
Situated at the epicenter of the U.S. economy, Chicago calls itself the railroad capital of the nation. Travel a mile or two on any route from downtown...
Can Sam Zell Maintain the Midas Touch?
Sam Zell doesn't like the role of office building landlord any better now that his newest acquisition, the Tribune Co. media conglomerate, is the prime...
New Convention Hotel for Chicago?
The Alter Group, a pioneer in corporate real estate development, is planning its most ambitious project to date. The Skokie, Ill.-based company has signed...
Puttin' on The Ritz
The Ritz Carlton Residences in Chicago is breaking into a neighborhood traditionally known for luxury retail and high-end office space. And it's not alone....
Chicago's West Loop Upgrade Spurs Retail Overhaul
Presidential Towers, a $470 million apartment development located in a once-derelict section of Chicago's West Loop, will undergo a major retail renovation....
City of Big Shoulders Craves Big Office Towers
Real estate deal making and development are unfolding all around Chicago on a grand scale. The nation's largest convention center, McCormick Place, just...
New Heights for Windy City?
Since the Sears Tower in Chicago's Loop lost its title as the world's tallest building a decade ago, big skyscraper proposals have popped up periodically with the promise of winning back the honor....
Trumped By The Donald?
Donald Trump has notified some early condo buyers in his 92-story Chicago condo-hotel project that their sales are null and void, claiming that any windfall from an increase in value while the project is under construction should go to him....
Big Demand for Small Malls
When he formed GK Development Inc. in suburban Chicago in 1995, Garo Kholamian figured that he was too small and underfinanced to jump into the regional mall business that had been his stock and trade at the old Homart Development Co....
A Taxing Situation
Everyone loves to complain about high taxes — it's practically the national sport. But for Chicago office building owners, the complaints ring particularly true....
Breaking the Color Barrier
Chicago investor Quintin Primo III realized a long time ago that being an African American in commercial real estate was an asset, not a liability....
The Inn Is Open And For Sale
Chicago has suddenly emerged as the darling of the hospitality industry. Hotels have been changing hands in the Windy City lately like last year's golf clubs on eBay....
RARE PROPERTY, TOUGH SALE
The last undeveloped industrial site in Lombard, Ill. O'Hare DuPage Business Center was recently sold by ICE Realty Group for $3.2 million to Gallagher...
