Chicago
HFF Secures $34M Refinancing for Shops at Kingsbury Square
CHICAGO – HFF, one of the country’s largest commercial real estate services companies recently arranged a $34 million refinancing for Shops at Kingsbury Square, a prime retail property anchored by a flagship Whole Foods Store in northern Chicago.
$900M Wanda Vista M-U Project Becomes Reality
CHICAGO – An 88-story, Jeanne Gang-designed supertall is coming to Chicago’s Lakeshore East.
Hyatt to Move Into New Global HQ in 2017
Hyatt Hotels Corp., one of Fortune’s 100 Best Companies to Work For in 2014, has announced it will move its global headquarters to a 53-story office tower currently under construction in Chicago’s West Loop neighborhood.
Mayor Rahm Emanuel Launches Retrofit Chicago’s Residential Partnership
Mayor Rahm Emanuel recently revealed the 50th building to join Retrofit Chicago’s Commercial Buildings Initiative, and announced the launch of the program’s third phase, the Residential Partnership, alongside United Nations Secretary-General Ban Ki-moon.
Wacker-Randolph Building Debuts New Sustainability Program, Earns LEED Silver Certification
CHICAGO – American Realty Advisors, a real estate investment manager with over $6 billion in assets recently launched a new sustainability initiative at 150 N. Wacker Drive, just days before the building received LEED Silver certification from the USGBC.
Acadia Realty Trust Pays $144M for Prime Retail Asset on Chicago’s Mag Mile
Acadia Realty Trust, a New York-based equity real estate investment trust recently announced the acquisition of an 88.4 percent interest in 840 N. Michigan Ave., a prime street-retail property on Chicago’s Magnificent Mile, at a cost of $144.3 million.
Lowe Enterprises Investors Pays $97M for Bourbon Square Apartments in Palatine, Chicago
Lowe Enterprises Investors, an affiliate of Los Angeles-based Lowe Enterprises recently announced the purchase of the 612-unit Bourbon Square apartment community in suburban Chicago, in partnership with an investment client.
McPier Greenlights $564M McCormick Place Hotel and Events Center in Chicago’s South Loop
The Chicago Metropolitan Pier and Exposition Authority, also known as McPier, recently announced it has awarded the contract for a hotel and events center at McCormick Place to Prairie District 3 Partners.
Value Place, Holladay Properties JV Plans 15 New Hotels in the Chicago Area
Value Place, the largest extended-stay hotel brand in the U.S. recently announced plans to build multiple hotels in the Chicago area within the next 60 months, in partnership with South Bend, Indiana-based Holladay Properties.
Chicago Officials Debut Art-Centered Mixed-Income Community in the City’s Grand Crossing Neighborhood
Chicago Mayor Rahm Emanuel, together with the Chicago Housing Authority (CHA) and artist Theaster Gates recently announced the grand opening of the Dorchester Art + Housing Collaborative, a 32-unit mixed-income community in the Greater Grand Crossing area on Chicago’s South Side.