One Firm's Unorthodox Play: Renting Single-Family REO Homes
Mack Companies has enjoyed a successful run buying and renting foreclosed homes from banks....
Vornado to Sell 350 West Mart Center in Chicago for $228M
Vornado announces the sale of a Chicago office building and four retail properties in New York....
Wrigley Building Deal Demostrates Investor Interest in Chicago
The sale of the Wrigley Building is just the latest in a series of big office deals in Chicago....
Chinese and Korean Investors Buy Three First National Plaza in Chicago for $348 million
Hines has sold the 1.4 million sq. ft. Three First National Plaza office complex in Chicago, the privately owned commercial real estate firm announced Wednesday....
Tishman Speyer Signs Ventas as New Tenant in Chicago Office Tower
Tishman Speyer has signed a new tenant at 353 North Clark, a Class-A office tower in Chicago acquired by the firm in December 2010.Ventas Inc., the giant seniors housing and health care real estate investment trust (REIT), has signed a direct lease for 28,557 sq. ft. ...
Jones Lang LaSalle Closes Sale of Land for New Southside Chicago Wal-Mart
Jones Lang LaSalle has closed on the sale of a 13.5-acre parcel on Chicago’s South Side to Wal-Mart. ...
CB Richard Ellis Wins Assignment to Sell Trophy Office Tower in Chicago
The third largest office tower in downtown Chicago, 311 S. Wacker Drive, is on the selling block. ...
Despite Setbacks, CMBS Office Loans in Chicago Market Prove Resilient
Although the Chicago office market is beset by high vacancy rates and flat or declining rents, prudent loan underwriting and a dearth of new construction have helped soften the blow. ...
Chicago Report: Suit Alleges Execs in Ventas-Lillibridge Deal Got 'improper' Payments
Top executives at medical office building developer Lillibridge Health Services Inc. pocketed $14.7 million in “excessive and improper payments” in the company's $381-million sale this summer to Ventas Inc., according to a lawsuit filed last week, reports Crain’s Chicago Real Estate Daily....
Hyatt Center Trades for $625 Million
My good friends over at Crain’s Chicago Business have broken some big news when it comes to office building sales. The Hyatt Center, a 49-story tower in downtown Chicago owned by the Pritzker family, has sold to Irvine Cos. for $625 million. ...
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. ...
