Chicago
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.
Canyon Capital Realty Expands Portfolio with the Purchase of Two Apartment Communities in Suburban Chicago
Canyon Capital Realty Advisors, the real estate direct investing arm of Canyon Partners, LLC, a Los Angeles-based investment and management company with roughly $24 billion in assets, recently announced the purchase of two suburban Chicago-area apartment communities, the Preserve at Carol Stream and Eagle Creek in Westmont, IL.
90 North Completes Purchase of The Reserve at Deer Park Office Building in Chicago
London-based 90 North Real Estate Partners recently announced it has arranged the sale of The Reserve at Deer Park, a 351,425-square-foot, Class A office building in suburban Chicago, RealEstateJournals.com reports.
Chicago Spire Project Dead, Site Deed Goes to Related Midwest
The site of the former Chicago Spire supertall skyscraper is now in the hands of developer Related Cos., after investor Atlas Apartment Holdings, LLC failed to make a $22 million payment to the creditors by October 31st.
Oxford Capital, Quadrum Global JV Acquires Chicago’s Historic Essex Inn on Michigan Avenue
A joint venture between Quadrum Global and Chicago-based Oxford Capital Group, L.L.C. recently announced the acquisition of the historic Essex Inn at 800 S. Michigan Ave. in Chicago’s Historic Michigan Boulevard District.
CIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago
Los Angeles-based developer CIM Group recently broke ground on a 34-story, 690-unit residential tower at Block Thirty Seven, the largest apartment project in Chicago’s Loop neighborhood in decades.
Amazon to Invest $75M in First Illinois Facility
Amazon.com, Inc., together with Illinois state officials, recently revealed plans to develop the company’s first facility in The Prairie State.
Focal Point Plans Expansion at Chicago Production Center
Architectural lighting manufacturer Focal Point is planning to expand its headquarters at 4141 S. Pulaski Road in Chicago’s Southwest Side.