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...
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....
