Chicago
Chicago’s New Outlet Mall Setting a Trend
Developed by AWE Talisman and Macerich, the $250 million, 530,000-square-foot, two-level center is anchored by Bloomingdale’s The Outlet Store, Last Call by Neiman Marcus, Saks Fifth Avenue OFF 5th and Forever 21.
Fashion Outlets of Chicago is a Luxury Destination for Locals and O’Hare Travelers
The grand opening of the first fully-enclosed outlet mall in Chicagoland in over two decades has been announced. Fashion Outlets of Chicago’s grand opening is scheduled for August 1.
JLLIPT Buys 442 KSF, Class A Industrial Building in Joliet, Ill.
A 442,484-square-foot, Class A industrial building in the I-80 corridor of Joliet, Ill., attracted numerous bidders when its institutional seller put it on the market, but Jones Lang LaSalle Income Property Trust came away with the fully leased distribution center at 3500 Corporate Drive.
Public-Private Partnerships Sought to Invest in Gary/Chicago International Airport and Surrounding Areas
The City of Gary and the board of directors of the Gary/Chicago International Airport Authority recently approved and released a request for proposals for the development and management of the Gary Chicago International Airport and related assets. The proposals to invest in the airport and the surrounding area through a public-private partnership are awaited until 5 P.M. August 26, 2013.
Glenview Park District Opens Glenview Prairie Club – Golf & Paddle Facility to the Public
The Glenview Park District recently inaugurated the Glenview Prairie Club – Golf & Paddle. The 2,600-square-foot clubhouse facility is now open to the public as an amenity to the state-of-the-art four on-grade paddle tennis courts and the Glenview Park District nine-hole golf course.
Centerline Capital Group Refinances Two M-F Properties in Uptown Chicago
Centerline Capital Group, a subsidiary of Centerline Holding Company, recently announced it has completed a two property cash out portfolio refinance on multifamily properties located in Chicago.
MPEA Begins Selection Process for Design Firm to Plan the Event Center
The Metropolitan Pier and Exposition Authority has recently announced it has started the process of choosing an architect to design the Event Center, a multipurpose project announced on May 16 by Chicago Mayor Rahm Emanuel and the MPEA.
New JV to Invest $100M for Recap, Ownership of Chicago’s Prudential Plaza
The iconic 2.2 million-square-foot Prudential Plaza in Chicago will be upgraded and repositioned thanks to a $100 million recapitalization and ownership change at the Class A office towers in the city’s East Loop neighborhood.
Server Farm Realty Unveils New 450,000-Square-Foot State-of-the-Art Data Center in Chicago
Server Farm Realty LLC recently unveiled 840 South Canal, their newest state-of-the-art data center facility in Chicago, at an invitation only ribbon cutting ceremony attended, among others, by Chicago’s Mayor Rahm Emanuel and Peerless Network’s CEO John Barnicle.
Rosemont Village Embarks on New Redevelopment Project
Rosemont Village is planning another redevelopment project for this summer which will add to the existing 5,562 hotel rooms.