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.

New ordinance regulating vacant storefront across Chicago gets City Council approval
Chicago Star Media – June 13, 2024
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Chicago’s iconic Bean sculpture to fully reopen to visitors, city says
Chicago Tribune – June 13, 2024
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‘A place to last’: Hoffman Estates says goodbye to Sears HQ, hello to Compass Datacenters as redevelopment kicks off
Daily Herald (Chicago Suburban) – June 13, 2024
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Heinen’s expanding in Illinois
Grocery Headquarters Magazine – June 13, 2024
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Vista Property Fetches $12M for West Loop Retail Gain
The Real Deal – June 05, 2024
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Foxtrot founder says some Chicago stores could reopen this summer
Chicago Sun-Times – June 05, 2024
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Public Investment to Redevelop Far South Side Chicago Acreage
The Real Deal – June 05, 2024
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‘Unprecedented demand’: Proposed 160-acre data center would be the largest in Lake County
Daily Herald – June 05, 2024
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Chicago Suburb’s Homebuilding Efforts Earn Big Tax Breaks
The Real Deal – May 30, 2024
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JT Magen Completes First Retail Store for Wayfair in Wilmette, Illinois
REBusinessOnline – May 30, 2024
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Condo in JDL’s One Chicago Tower Takes $3M Price Chop
The Real Deal – May 30, 2024
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Yellow Banana’s deal to renovate stores in Chicago is going to ‘fail spectacularly’
Grocery Headquarters Magazine – May 30, 2024
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Downtown retail vacancies at record high – Evanston Now
Evanston Now – May 30, 2024
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Salon awarded Libertyville’s first facade and property enhancement grant
Daily Herald (Chicago Suburban) – May 22, 2024
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Rosemont outlet mall adds first Alexander McQueen Midwest location
Daily Herald (Chicago Suburban) – May 22, 2024
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Strategic Properties Fumbles $95M Loop Condo Buyout Deal
The Real Deal Los Angeles – May 22, 2024
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Chicago Leads Nation in Biking Growth
PLANetizen – May 22, 2024
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Lamar Companies Acquires Dominant Open-Air Shopping Center In Western Suburb Of Chicago
Citybiz – May 15, 2024
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Habitat Opens 33-Story Cassidy on Canal Luxury Apartment Tower in Chicago
REBusinessOnline – May 15, 2024
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Ribbon cutting set for South Shore Double Track project
Inside INdiana Business with Gerry Dick – May 10, 2024
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Babies R Us opening in 200 Kohl’s stores, including five in Chicagoland
Chicago Tribune – May 10, 2024
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Arlington Heights Church Sells Amid Bears’ Stadium Pivot
The Real Deal – May 08, 2024
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Indoor pickleball center coming to Randhurst Commons in Mount Prospect
Daily Herald (Chicago Suburban) – May 09, 2024
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NexGen Hotels acquires Chicago’s Hotel Versey
RE Journals – May 08, 2024
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Demolition begins on downtown Fox River Grove building
Daily Herald (Chicago Suburban) – May 09, 2024
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PGIM Real Estate Provides $74.5M Acquisition Loan for Industrial Portfolio in Elwood, Illinois
REBusinessOnline – April 29, 2024
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T5 Data Centers Announces Further Expansion into Chicago Suburbs with New 480 MW Data Center Campus
Valdosta Daily Times – May 02, 2024
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Fulton Market developer creating a life sciences campus, including neighborhood’s first public park
Algonquin Countryside – April 29, 2024
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Summit Design + Build Completes 120-Unit Tapestry Station Luxury Apartment Complex in Evanston, Illinois
REBusinessOnline – April 26, 2024
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2 suburban Chicago malls close their doors permanently within weeks of each other
NBC Chicago – April 26, 2024
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Developer pays $9 million for long-sought Guitar Center property in Arlington Heights
Daily Herald (Chicago Suburban) – April 29, 2024
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Loop’s weekend foot traffic exceeds level before pandemic, but retail vacancies still at record high
Chicago Sun-Times – April 23, 2024
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Suburban Chicago MOB Breaks Ground
CPN Online – April 24, 2024
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DIR Development Venture Buys Office Skokie Complex at 88% Discount
The Real Deal Chicago – April 24, 2024
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Bears lay out controversial $5B stadium proposal
The Daily Sentinel – April 24, 2024
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Sterling Bay Puts 3 Lincoln Yards-Adjacent Properties Up For Sale
Bisnow – April 18, 2024
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Contentious Edison Park Resi Project Gains Ground
The Real Deal – April 18, 2024
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Wayfair sets opening date for its first large-format store
DSN Retailing Today – April 18, 2024
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Irvine Leases 113K-SF at 300 North LaSalle
Connect CRE – April 05, 2024
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How Chicago Mayor Brandon Johnson Plans to Speed up Development
The Real Deal Chicago – April 05, 2024
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Chicago commits $151 million to transform aging offices into affordable housing
PLANetizen – April 09, 2024
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Graycor wraps construction on 45,000-square-foot Wonderverse at Oakbrook Center
REJournals – April 05, 2024
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Applications for Aurora’s new affordable housing development for seniors close after only 3 days
ABC7 Chicago – April 05, 2024
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Subdivision of 200+ townhomes, single-family houses proposed in Algonquin
The Northwest Herald – April 10, 2024
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Chicago Mayor Moving Ahead on Subsidized Office-to-Resi Projects
The Real Deal Chicago – April 03, 2024
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‘A very strong development’: Nordstrom Rack to open soon in Wheaton
Daily Herald – April 03, 2024
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Renewable Properties Withdraws Solar-Energy Plans Near Chicago
The Real Deal – April 02, 2024
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Discount Tire Acquires Suburban Tire Auto Repair Centers
Citybiz – April 03, 2024
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Bears President Kevin Warren says Chicago lakefront is the ‘ideal location’ for a new stadium, but details on cost and funding are short
Chicago Tribune – March 26, 2024
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Newcastle Partners Gets Greenlight for Data Center Near Chicago
The Real Deal – March 27, 2024
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Park Ridge OKs contracts for Uptown master plan, City Hall security upgrades
Chicago Tribune – March 26, 2024
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‘Bring Chicago Home’ real estate transfer tax referendum rejected by voters
NBC Chicago – March 29, 2024
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Chicago Voters Appear To Reject New Real Estate Transfer Tax, CRE Breathes A Sigh Of Relief
Bisnow – March 19, 2024
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Chicago Bears’ $2 Billion Stadium Investment Would Go Long On Public-Private Partnership
Forbes – March 19, 2024
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Chicago’s Long-Term Housing Affordability Beats Other US Metros
The Real Deal – March 20, 2024
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Talks to keep Lollapalooza in Chicago after this year hit a snag
Aol. – July 28, 2022
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CRE Strikes Back In Transfer Tax Battle, Appeals To Illinois Supreme Court
Bisnow – March 12, 2024
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Sterling Bay Woos New Financial Partner For Dormant Lincoln Yards Project
Bisnow – March 14, 2024
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Chicago Bears to invest over $2 billion to build new stadium near Soldier Field, reversing plans to move away from city center
CNN – March 11, 2024
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Chicago Target store on the verge of opening
Grocery Headquarters Magazine – March 14, 2024
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Chicago Mayor Will Move Forward With $1B Revamp Of LaSalle Street Corridor
Bisnow – March 04, 2024
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Chicago Has A Narrative Problem — Here’s How Local CRE Leaders Plan To Fix It
Bisnow – March 01, 2024
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Accesso Defaults on $91M Loop, Naperville Office Loans
The Real Deal – March 06, 2024
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Suburban Chicago Office Properties Poised for Resi Redo
The Real Deal – March 06, 2024
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Bring Chicago Home referendum ruled valid by state appellate court
Chicago Tribune – March 06, 2024
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Chicago Judge Blocks Transfer Tax Referendum From March Ballots
Bisnow – February 23, 2024
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JPMorgan Chase to refurbish its Loop office tower
Chicago Sun-Times – February 26, 2024
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City Club of Chicago hosts discussion on state of Mag Mile shopping district
ABC7 Chicago – February 28, 2024
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A third of Walgreens’ Chicago-area HQ property to be sold for residential development
The Pantagraph – February 22, 2024
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City-To-Suburbs Migration: Exploring The Future Of Chicago’s Suburbs
Bisnow – February 28, 2024
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White Sox Angle For $1B In Public Money To Finance New Stadium
Bisnow – February 16, 2024
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Why is Jerry Reinsdorf spending millions buying up parking lots around the United Center?
Chicago Sun Times – February 23, 2024
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As Chicago Transfer Tax Vote Looms, Similar Policies In LA And NYC Hint At What Could Come Next
Bisnow – February 15, 2024
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Chicago Braces for First Post-Pandemic Property Tax Assessment
Bloomberg – February 16, 2024
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Here’s Who Multifamily Distress is Hitting in Chicago
The Real Deal Los Angeles – February 12, 2024
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Chicago Mayor Works to Streamline Development Approvals
The Real Deal – February 09, 2024
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The Bears closed Arlington Heights deal 1 year ago. Here’s where things stand
NBC Chicago – February 15, 2024
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Chicago Cracks Top 5 Metros For Planned Office-To-Residential Conversions In 2024
Bisnow – February 07, 2024
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What It Takes To Fill A Food Desert
Bloomberg – February 08, 2024
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Here’s what a new White Sox ballpark in the South Loop could look like
Chicago Sun-Times – February 07, 2024
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Chicago’s Commercial Real Estate Market Still Hasn’t Recovered From Pandemic
Illinois Policy – February 07, 2024
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Atlantic Residential, Focus Complete 304-Unit Lumen Fox Valley Luxury Apartment Complex in Aurora, Illinois
REBusinessOnline – January 31, 2024
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Bears, suburban school districts $100M apart in valuations of Arlington Heights site
NBC Chicago – January 30, 2024
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CyrusOne Planning New Data Center Near Chicago
Bisnow – January 30, 2024
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Chicago Lender Files $39M Foreclosure Lawsuits On 2 Distressed Office Properties
Bisnow – February 02, 2024
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Mesirow Signs Lengthy HQ Lease Extension, Shrinks Footprint 33%
Bisnow – January 23, 2024
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How Much Will Chicago’s Transfer-Tax Hike Cost Homebuyers?
The Real Deal – January 23, 2024
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Chicago renters eying other Midwest cities? Apartment List research suggests many are
RE Journals – January 26, 2024
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Chicago Home Sales Dropped 20% in 2023
The Real Deal – January 23, 2024
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Baby boomers aging in place dominate Chicago’s housing market
Chicago Sun-Times – January 19, 2024
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Related Midwest Breaks Ground on 72-Story Multifamily Development in Chicago’s Streeterville Neighborhood
REBusinessOnline – January 18, 2024
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98-unit rental development proposed in Cary at higher density than village standard
Daily Herald Business Ledger – January 18, 2024
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AmTrust RE Secures Two Lease Renewals Totaling 20,000 SF at Chicago Office Tower
REBusinessOnline – January 18, 2024
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White Sox Home In On Potential Stadium Site In South Loop Megadevelopment
Bisnow – January 18, 2024
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Coalition of Chicago businesses files lawsuit opposing transfer tax referendum
RE Journals – January 10, 2024
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Proposed improvement program in Vernon Hills includes master plan for bikes, pedestrians
Daily Herald – January 10, 2024
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How The Midwest Was Won: Nation’s Midsection Enjoys Best Rent Growth In The Country
Bisnow – January 11, 2024
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Illinois lands $14.9M federal grant to expand electric vehicle charging network
Chicago Sun-Times – January 11, 2024
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Bring Chicago Home real estate transfer tax would cost renters a lot
Chicago Sun Times – January 03, 2024
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Prudential Plaza Owner Gets 2-Year Loan Extension, Plans Extensive Renovations
Bisnow – January 03, 2024
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Bears Resume New Stadium Plans In Arlington Heights
The Real Deal – December 29, 2023
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Two tower skyscraper project moving forward at site of former Chicago Spire
Chicago Star Media – December 18, 2023
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Barrington pins high hopes on Golden Triangle development
Daily Herald – December 27, 2023
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Six Tenants Sign Leases at Hawthorn in Metro Chicago
Retail & Restaurant Facility Business – December 22, 2023
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Tourism up in DeKalb County, data shows
The Daily Chronicle – December 24, 2023
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Chicago PMI returns to contraction in December
Sharecast – December 29, 2023
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Mayor Brandon Johnson Signs Executive Order to Streamline Approval of Housing and Commercial Development
chicago.gov – December 15, 2023
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Google releases new renderings of planned Thompson Center makeover
Chicago Sun-Times – December 13, 2023
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Revised downtown Arlington Heights apartment plan near homes earns approvals
Daily Herald Business Ledger – December 10, 2023
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GW, Drake Plan Office-to-Resi Conversion of Old Orchard Towers
The Real Deal Chicago – December 11, 2023
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Chicago sees highest meetings, events volume in November
HOTELS Magazine – December 07, 2023
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Revised downtown Arlington Heights apartment plan near homes earns approvals
Daily Herald Business Ledger – December 06, 2023
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National affordable housing developer acquires Mount Prospect senior community
Daily Herald Business Ledger – December 06, 2023
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Salesforce shows off finishing touches on its Chicago space
Chicago Sun-Times – December 05, 2023
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As O’Hare expansion price tag climbs, airport’s two biggest carriers want project scaled back – or grounded
Chicago Sun Times – November 28, 2023
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Construction complete on The Quin Apartments in Schaumburg
Daily Herald Business Ledger – November 29, 2023
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Who is moving into those vacant Bed, Bath & Beyond stores?
cbsnews – November 29, 2023
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New Developer Aims To Restart Construction Of Stagnant Lincoln Square Project
Bisnow – November 16, 2023
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Optimism abounds for downtown offices because of city’s ‘secret sauce’, industry experts say
audacy – November 14, 2023
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Are Suburban Office-to-Industrial Conversions Feasible?
Commercial Property Executive – November 13, 2023
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$17M Mixed-Use Development In North Center Approved For Construction
Bisnow – November 03, 2023
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