Chicago

By Veronica Grecu, Associate Editor
Chicago’s Navy Pier redevelopment plan, dubbed the “Centennial Vision,” was revealed last week by the Metropolitan Pier and Exposition Authority (MPEA) and the recently formed Navy Pier Inc. The improvements will include expanded recreation space and […]

By Veronica Grecu, Associate Editor
With home prices improving for the third month in a row, the Chicago area real estate struggle might come to an end. A report issued last week by the Illinois Association of Realtors (IAR) and quoted […]

By Veronica Grecu, Associate Editor
Chicago seems to be heading toward an apartment construction boom. The Chicago Sun-Times recently listed the most prominent residential communities under development in Chicago. An old office tower at 188 W. Randolph St., built in the […]

By Veronica Grecu, Associate Editor
With only 25 percent of approvals granted to the recently approved low-income housing development on Madison Street, two Oak Park developers are now trying to find alternative ways to gather funds for their $15 million redevelopment […]

By Veronica Grecu, Associate Editor
Six months after the Janko Group announced the acquisition of the former Holiday Inn at 1801 Naper Boulevard, in a joint venture with the Bricton Group and a Heitman-managed real estate fund, the building was demolished […]

By Veronica Grecu, Associate Editor
Van Buren Lofts has recently started selling high-end residential units in a newly rehabbed building located at 1224 West Van Buren St. in the West Loop of Chicago. The eight-story building, which is now owned by […]

By Veronica Grecu, Associate Editor
A new report by Baum Realty Group shows that retail vacancies in Chicago’s downtown district fell to 6.9 percent in 2010, from 8.3 percent in 2009, and the figures are expected to reach even lower rates […]

By Veronica Grecu, Associate Editor
See Wong, the owner of Wabash Development Group, has recently acquired a 26,000-sq.-ft. warehouse in Chinatown for $3.88 million. The three-phase project that is to be constructed here will include condominiums for students, a hotel and […]

By Veronica Grecu, Associate Editor
A new joint venture redevelopment in Chicago’s suburb Cicero is on track to become the first green certified home rehab in Illinois. CM Real Estate Development, a rehab and redevelopment company based in Chicago, has joined […]

By Veronica Grecu, Associate Editor
Two new industrial transactions have been recently negotiated by Colliers International in the O’Hare market.
The first transaction is a long-term lease at 855 N. Wood Dale Road in Wood Dale for Hegele Logistics LLC. Hegele Logistics […]