Chicago
150 N. Michigan Up for Sale; Legacy at Millennium Park Wins ‘Best in Living’ Award
By Gabriel Circiog, Associate Editor
The 150 N. Michigan office tower could soon get a new owner on top of the new name it is set to receive in March, Chicagorealestatedaily.com reports. Germany-based SEB Asset Management A.G. bought the 41-story office building in 1999 for around $113.2 million. Recently, the fund manager hired Chicago-based Jones Lang […]
Landmark Civic Opera Building Sold for $126 Million
By Gabriel Circiog, Associate Editor
Tishman Speyer Properties L.P. has sold the Civic Opera Building to a New York venture for almost $126 million, Chicagorealestatedaily.com reports. According to Cook County property records, cited by the same source, an affiliate of Nanuet, N.Y.-based Berkley Properties LLC bought the 915,000-square-foot building for $125.8 million. The deal was financed […]
CME Group to Sell Two Towers at Board of Trade
By Gabriel Circiog, Associate Editor
A joint venture led by Chicago developer GlenStar Properties, which also includes San Antonio-based USAA Real Estate Co., is in the process of acquiring two Chicago Board of Trade towers from CME Group Inc., ChicagoRealEstateDaily.com reports. […]
Canadian Onni Group Closing on Purchase of 200 N. LaSalle Office Tower
By Gabriel Circiog, Associate Editor
Vancouver, B.C.-based Onni Group is closing on its first Chicago investment after agreeing to pay over $95 million for a Loop office high-rise with a past-due loan. ChicagoRealEstateDaily.com reports that the Canadian real estate company is […]
Bond Cos. Plans Mixed-Use Project for Roosevelt Road
By Gabriel Circiog, Associate Editor
The Bond Cos., a Chicago-based developer, plans to build a mixed-use project between Canal and Clinton streets just north of Roosevelt Road, according to ChicagoRealEstateDaily.com. The plan calls for around 200,000 square feet of retail space […]
Latham & Watkins to Relocate from Willis Tower to 330 North Wabash Avenue
By Gabriel Circiog, Associate Editor
Prime Group Realty Trust announced that Latham & Watkins, LLP has executed a lease agreement and will relocate its Chicago headquarters to 330 North Wabash Avenue in or around April 2014. The law firm will occupy […]
MetLife Inc. Acquires EnV 294-Unit Luxury Apartment Tower
By Gabriel Circiog, Associate Editor
MetLife Inc., through a subsidiary, has purchased EnV, a luxury multifamily property in Chicago’s River North neighborhood. The 29-story high rise was acquired from LYND Development Partners, the developer of the tower. CBRE’s Chicago office, on […]
Hearn Co. Acquires 55 W. Monroe St. Office Tower; John O’Donnell Plans New Office Building
By Gabriel Circiog, Associate Editor
The 803,000-square-foot office high-rise at 55 W. Monroe St. has been purchased by Hearn Co. for $136 million, ChicagoRealEstateDaily.com reports. The deal was brokered by Chicago-based Jones Lang LaSalle Inc., which announced Hearn financed the acquisition […]
GE Capital Looking to Offload Three Suburban Office Complexes
By Gabriel Circiog, Associate Editor
GE Capital will sell three suburban office complexes, totaling around 1.2 million square feet, ChicagoRealEstateDaily.com reports. The properties were acquired in 2007 by the General Electric Co. for $302 million but they are likely to get […]
Sara Lee Corp. Chooses Chicago as Home of the New American Meats Co.
By Gabriel Circiog, Associate Editor
The Downers Grove, Ill.-based Sara Lee Corp. will relocate its new North American Meats corporate headquarters in 2013 to Chicago’s 400 S. Jefferson Street, Mayor Rahm Emanuel has announced.
Sara Lee Corp. announced earlier this year that […]