After its Rescue and Retooling, Former Sears Tower Stands Tall
The sudden assumption in the commercial real estate world after the twin towers of the World Trade Center were demolished on 9/11 was that in a new era ruled by fears of urban terrorism iconic skyscrapers would suddenly fall out of fashion. ...
Franklin Center Complex in Chicago Earns LEED Silver
One of the largest office buildings in Chicago, the downtown Franklin Center office complex, has earned certification from the U.S. Green Building Council for sustainability measures taken at the 2.5 million sq. ft. complex. ...
Retooling an Icon
The sudden assumption in commercial real estate after the twin towers of the World Trade Center were demolished on 9/11 was that in a new era ruled by...
Office Sales Spike in Windy City
The high-rise construction cranes around Chicago's skyline have been mostly absent this year, as the marketplace suffers its highest office vacancy rates...
Ventas to Buy Assets of Atria Senior Living for $1.5 Billion
Ventas, the Chicago-based healthcare real estate investment trust (REIT) is about to become the largest owner of seniors housing communities in the U.S. with the purchase of Atria Senior Living Group’s real estate assets for a total purchase price of $3.1 billion. ...
Apartment Broker Conquers Formidable Share of Market
When Mary Ann King, president of Chicago-based Moran & Co., describes the way the apartment brokerage she built with owner Tom Moran outpaces the sales...
State-of-the-Art Memory Care and Assisted Living Residence Under Construction in Suburban Chicago
CRL Senior Living Communities has broken ground on an Alzheimer’s/memory care and assisted living facility in Morton Grove, Ill., a northern suburb of Chicago. North Grove Manor will offer 84 large private and semiprivate suites with a total of 112 beds. ...
Apartments, Hotels Hit Hard as CMBS Delinquency Rate Sets Record at 8.9%
The delinquency rate for loans held in commercial mortgage-backed securities (CMBS) shot up 21 basis points in August to a record high of 8.92%, according to a report just released by researcher Trepp LLC. ...
Savvy Hotel Asset Managers Share Their Secrets at MLIS
When Paramount Lodging Advisors reviewed the financial performance of 140 Chicago-area hotels in the first quarter, the real estate services firm discovered a surprising trend. ...
Healthy Appetite for Acquisitions
Armed with a $1 billion war chest, Ventas Inc. is seeking new acquisitions. The giant health care REIT has seniors housing in its sights, along with medical...
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...
