Chicagoland News

Chicagoland area commercial real estate news that is handpicked to be relevant to our clients. Staying current on market trends can be a daunting task, read what matters.

Chicago Is The Nation’s Leader In Distressed CMBS Debt
Bisnow – September 20, 2023
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Strikes against Stellantis and GM spread to 38 locations in 20 states, including Illinois
Chicago Sun-Times – September 22, 2023
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Mayor Johnson OKs compromise giving restaurants 5 years to phase in higher pay for tipped workers
Chicago Sun-Times – September 22, 2023
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Feds earmark $2B for Chicago’s Red Line extension
Construction Dive – September 21, 2023
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Blackhawks project, Fulton Market towers get OK from City Council zoning panel
Chicago Sun-Times – September 12, 2023
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Chicago Mayor Brandon Johnson vows he won’t raise property taxes to close $538 million budget gap
WBEZ Chicago – September 13, 2023
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Demolition of Sears campus in Hoffman Estates could begin soon
Daily Herald – September 13, 2023
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Related Midwest Unveils Elevated Upper-Floor Residences at 300-Unit The Row Fulton Market Luxury Community in Chicago’s West Loop
MultifamilyBiz – September 14, 2023
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Flack Global Metals moves Loop office to Fulton Market
Chicago Sun-Times – September 06, 2023
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United Airlines CFO downplays potential Denver HQ move
cfodive.com – September 07, 2023
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Union movement in Illinois going through resurgence, experts say
Chicago Sun-Times – September 01, 2023
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American Airlines flight attendants picket at O’Hare
Chicago Sun Times – August 30, 2023
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Chicago-Naperville-Elgin, IL-IN-WI Has One of the Highest Foreclosure Rates in the Country
The Evening Star – August 30, 2023
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300 apartments, plus perhaps another hotel, pitched for Huntley
Daily Herald – August 30, 2023
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Owner of McCormick Place, North America’s Largest Convention Center, Collects Record Taxes
CoStar Group – August 30, 2023
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PickleMall plans indoor pickleball facility at former Vernon Hills Toys R Us
Chicago Sun-Times – August 21, 2023
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With West Garfield Park plan, adding fresh food at former Aldi site is just the start
Chicago Sun-Times – August 20, 2023
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Congestion and Delays at Chicago and Other Midwest Rail Ramps Become the Aftermath of West Coast Labor Issues
Citybiz – August 24, 2023
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Johnson OKs deal to raise real estate transfer tax on some home sales, use funds to combat homelessness
Chicago Sun-Times – August 22, 2023
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13-Story Residential Building Coming To South Loop As Developer Bets Big On The Neighborhood
Bisnow – August 16, 2023
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Fully Affordable Project Starts Underway in Logan Square
The Real Deal – August 11, 2023
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Chicago will lead office-to-apartment flips, report says
Axios – August 12, 2023
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What Chicago can learn from other cities as it considers ‘mansion tax’
ABC7 Chicago – August 12, 2023
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City of Chicago and Chicago Housing Authority close on two affordable housing buildings in Logan Square
REJournals – August 10, 2023
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‘Passive House’ Standard Gaining Ground in Multifamily Housing
PLANetizen – August 09, 2023
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Farm real estate values up 4.5% in Illinois this year
Brownfield Ag News – August 09, 2023
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‘You Need To Be Tracking Those Yesterday’: Planning More Critical Than Ever For New Chicago Projects
Bisnow – August 02, 2023
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After $64.8 million in upgrades, Illinois State Fair opens next week
Centralia Sentinel – August 03, 2023
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Spring Hill Mall parking lot to transform into outdoor entertainment venue
Daily Herald (Chicago Suburban) – August 02, 2023
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Developers Embark On Second Phase of Aurora Mall Overhaul
The Real Deal – August 01, 2023
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Meridian completes three build-to-suit projects in Illinois
REJournals – August 03, 2023
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More Chicago workers are returning to commercial offices
Axios – July 28, 2023
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McHugh Construction Tops Out Cassidy on Canal Apartment Tower in Chicago’s Fulton River District
REBusinessOnline – July 25, 2023
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Chicago mayor and Bears president meet again: New city stadium sites still on the table?
Daily Herald Business Ledger – July 27, 2023
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Chicago Progressives Build Momentum for Transfer Tax Hike
The Real Deal Chicago – July 27, 2023
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EV company Lion Electric raises $142 million to fund expansion plans
Montreal Gazette – July 31, 2023
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Redevelopment of Elk Grove Village gateway corner faces delays
Daily Herald Business Ledger – July 20, 2023
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$400M Kraft Heinz facility to employ the latest in warehouse tech
Construction Dive – July 19, 2023
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Developer of $6 Billion Chicago Megadevelopment Plans Two More Apartment Towers Next Door
CoStar Group – July 14, 2023
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Grappling with office’s future
JPMorgan – July 11, 2023
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Sterling Bay Tops Out 28-Story Residential Development
Connect CRE – July 11, 2023
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Golden handcuffs lock up Illinois’ housing supply
Axios – July 8, 2023
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Walgreens closing e-commerce distribution center in Illinois
Supply Chain Dive – July 13, 2023
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Chicago’s ambitious plan to convert 5 million square feet of empty office space into affordable housing places a big bet on remote work
Silicon Alley Insider – June 23, 2023
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It’s Now A 5-Way Race To Become The Chicago Bears’ Next Home
Bisnow – June 28, 2023
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NASCAR has downtown-area hotels primed for steady stream of guests
Chicago Sun-Times – June 27, 2023
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Incubator will support entrepreneurs who focus on health, life sciences
UChicago News – June 22, 2023
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Blackhawks propose hotel, housing development near Fifth Third Arena
The Real Deal – June 21, 2023
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City Land Sale Will Enable $42 Million Mixed-Use Complex in Grand Boulevard
chicago.gov – June 23, 2023
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Fulton Market tenants pull back, test sublease market
The Real Deal – June 16, 2023
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Bill could spring more Cook County properties from tax sale maze
Chicago Sun-Times – June 02, 2023
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Naperville Bears? Team exploring move to the western suburb, fearing potential Arlington Heights stadium is ‘at risk’
Chicago Sun-Times – June 02, 2023
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Sterling Bay Calls On Pension Fund To Bail Out Lincoln Yards Project
Bisnow – June 07, 2023
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Lendlease welcomes first apartment residents to The Reed at Southbank in Chicago’s South Loop
REJournals – June 08, 2023
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Walgreens cutting 10% of corporate workforce, including in Deerfield and Chicago
Chicago Sun times – May 25, 2023
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Real Estate Likely To Outperform ‘Safe’ Investments In Next Recession, Says New Analysis
Bisnow – May 25, 2023
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Amazon halts move-in for new Chicago, Addison facilities
The Real Deal – May 24, 2023
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Blackstone meets with lenders on Chicago office building, an investment it wrote down to zero last year
Smart Money – May 22, 2023
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Johnson administration distances itself from $12 billion tax plan co-written by transition team member
Chicago Sun-Times – May 18, 2023
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Bally’s Unveils New ‘Neighborhood-Oriented’ Chicago Casino Design After Clearing Regulatory Hurdle
Bisnow – May 18, 2023
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Sterling Bay announces The Dylan at 160 N. Morgan
rejournals – May 18, 2023
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The Opus Group breaks ground on third spec building at Tollway Corporate Center in North Aurora
RE Journals – May 18, 2023
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Molson Coors moving Chicago base to BMO Tower, 320 S. Canal St.
Chicago Sun-Times – May 11, 2023
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Sterling Bay Pins Slow Lincoln Yards Development, Need To Refinance On Outgoing Lightfoot Administration
Bisnow – May 10, 2023
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City development agency backs housing plan for 63rd Street in Woodlawn
Chicago Sun-Times – May 10, 2023
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$125 million loan for Fulton Market high-rise project is post-pandemic high
chicagostarmedia – April 28, 2023
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Jose Cuervo Parent Company Snaps Up Second Troubled Downtown Office Property
Bisnow – April 28, 2023
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How Schaumburg is addressing the decline in office population
Daily Herald Business Ledger – April 26, 2023
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Construction underway for new sky-high Chicago tour at Navy Pier
Chicago Sun-Times – April 27, 2023
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Luxury apartments are racing to offer amenities aimed at courting more renters.
Axios – April 22, 2023
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Molson Coors Joins National Office Upgrade Trend in Moving Headquarters Across the Chicago River
CoStar – April 19, 2023
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Chicago Faces $85M Budget Shortfall in 2024, Says Lightfoot While Defending Her Financial Legacy
WTTW News – April 21, 2023
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Brennan Plans $100M Office-to-Industrial Conversion with Suburban Distress
The Real Deal Chicago – April 20, 2023
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Chicago has one of the highest employment rates in the U.S.
Axios – April 18, 2023
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Walmart closing in Chicago: 4 stores in Illinois will close doors, joining growing list
USA Today – April 11, 2023
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Proposed ‘mansion tax’ will sink luxury home values
Loop North News – April 14, 2023
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More than $24.5 million in infrastructure funding sails into Illinois International Port District
The Munster Times – April 12, 2023
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$40 Million Affordable Apartments Break Ground In Englewood, But Frustrated Neighbors Say They Want More Input
Block Club Chicago – April 12, 2023
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Tech giants Salesforce and Meta seek to offload office space in Downtown Chicago
REJournals – March 29, 2023
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City Of Chicago Picks 3 LaSalle Street Reimagined Finalists
Bisnow – March 28, 2023
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Union Pacific announces start of transition of Chicago commuter rail operations to Metra
Trains – March 30, 2023
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Chicago home sales are slowing down
Axios – March 28, 2023
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United to fly electric air taxis to O’Hare beginning in 2025
Chicago Sun-Times – March 23, 2023
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Inflation still an issue but rising slower in Chicago, according to WalletHub
RE Journals – March 24, 2023
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Critics call NASCAR race ‘a bad deal’ after study shows Lollapalooza will generate 3 times the economic activity in less time
Chicago Sun-Times – March 21, 2023
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Luxury Living announces new Cadence Apartments, Illinois Medical District’s newest luxury offering
REJournals – March 23, 2023
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New Chicago Code Has People Looking For Ways To Prevent Energy — And Money — From Going Through The Roof
Bisnow – March 16, 2023
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Casino at Hawthorne Race Course remains in limbo, while downstate project moving ahead
Chicago Tribune – March 17, 2023
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Class A Buildings Continue To Be A Bright Spot In Troubled Chicago Office Market
Bisnow – March 16, 2023
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Not Everyone Agrees Affordable Housing Is The Answer To LaSalle Street’s Woes — Even Those Lining Up To Bring It
Bisnow – March 09, 2023
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A ‘home run’: Wheaton shopping center scores Nordstrom Rack, J. Crew Factory
Daily Herald Business Ledger – March 07, 2023
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Habitat Co. Receives Financing for Phase II of $200M Ogden Commons Mixed-Income Development in Chicago
RE Business Online – March 06, 2023
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Chicago Developers Look South for Deals
The Real Deal – March 08, 2023
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Here’s the Developers and Plans Competing for McKinley Park Site
The Real Deal – March 08, 2023
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Design plans unveiled for Kenosha Innovation Center
BizTimes Media – March 07, 2023
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DTC apparel brand Buck Mason opens first Chicago store
Retail Dive – March 09, 2023
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Facebook founder Mark Zuckerberg and wife to invest $250 million in new Chicago research lab
Chicago Sun-Times – March 02, 2023
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Real Estate Reacts to Chicago’s Mayoral Runoff
The Real Deal Chicago – March 01, 2023
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Chicago area scores No. 1 ranking for business relocations, expansion
Chicago Sun-Times – February 28, 2023
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Schaumburg to mail $150 gift cards (not checks) to homeowners as tax rebate sometime this month
Daily Herald Business Ledger – March 01, 2023
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‘We Will Chicago’ plan adopted to guide city’s next decade
Chicago Sun-Times – February 16, 2023
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Chicago Bears announce $197.2m purchase of Arlington Heights land in what could be the NFL franchise’s new home
dailymail.co.uk – February 17, 2023
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Brewpub, daycare — along with new housing — among proposals to transform vacant lots on West, South sides
Chicago Sun-Times – February 16, 2023
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Construction tops out at 741 North Wells, a 21-story mixed-use tower in River North
RE Journals – February 15, 2023
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Ralph Zucker-led developer gets approval for AT&T campus overhaul
Therealdeal – February 9, 2023
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Walmart to close Homewood and Plainfield stores, Lincolnwood pickup location
cbsnews – February 08, 2023
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Johnson’s education plan includes free CTA rides, City Colleges tuition for CPS students
Chicago Sun-Times – February 08, 2023
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Half of Chicago workers now back in the office, for first time since pandemic began
Chicago Sun-Times – February 08, 2023
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Multifamily Operators Go Into High Gear To Prepare For Electric Vehicle Future
Bisnow – January 26, 2023
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Japanese robotics firm aims to launch warehouse revolution from Schaumburg
Daily Herald – January 26, 2023
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Bears, business group push to make Arlington Heights subsidy plan more than just X’s and O’s on a blackboard
Chicago Sun-Times – January 26, 2023
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Northbrook board OKs luxury apartments, retail space for Grainger site
Daily Herald Business Ledger – January 25, 2023
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Housing Department outlines goals for affordable housing proposals
Chicago Sun-Times – January 24, 2023
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Community activists want answers, hiring commitment as Amazon’s giant Humboldt Park site remains dormant
Chicago Sun-Times – January 19, 2023
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Related Midwest Plans 43-Story Multifamily Tower in Chicago’s Fulton Market District
REBusinessOnline – January 19, 2023
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City panel backs $4 million for affordable housing project
Evanston RoundTable – January 19, 2023
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Naperville council agrees to 1% sales tax, biz district for two Route 59/Aurora Avenue shopping centers
yahoo.com – January 18, 2023
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Google to cut 12,000 jobs in 6% slash to global workforce
Crain’s Chicago Business – January 20, 2023
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Lightfoot’s plan to ‘reimagine La Salle Street’ takes shape
Chicago Sun-Times – January 12, 2023
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With redevelopment stalled, Des Plaines officials considering condemning, buying downtown properties
Daily Herald (Chicago Suburban) – January 12, 2023
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West Side group wins $10M to create walkable village with grocery stores, arts center, clinic
Chicago Sun-Times – January 12, 2023
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Schaumburg mayor again urges business owners to bring workers back to offices
Daily Herald Business Ledger – January 10, 2023
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Lincoln Property Moves Forward With Chicago Project
Multi-Housing News – January 12, 2023
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Regional Economic Development Effort Could Boost Chicago Profile, Curb Corporate Poaching
Bisnow – January 04, 2023
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Asphalt plants ordered to cut pollution for Chicago city contracts
Chicago Sun-Times – January 05, 2023
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Gas bills may be rising in Chicago after Nicor files for $321 million rate hike, with Peoples Gas expected to follow
Algonquin Countryside – January 04, 2023
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Chicago Bears Outnumber The Bulls By A Wide Margin When It Comes To CRE Outlook
Bisnow – July 05, 2023
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Chicago construction costs rise fastest in U.S.
The Real Deal – July 03, 2023
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Walgreens closing distribution center in Edwardsville
Daily Herald Business Ledger – July 06, 2023
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Structured Development Opens Wendelin Park Mixed-Income Housing Project in Chicago
RE Business Online – July 06, 2023
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Bloomington advances proposed 77-acre development near Rivian
The Pantagraph – July 05, 2023
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