Chicago
Local Investors Help Suburban Condo Market Rise Again
By Veronica Grecu, Associate Editor
Despite the rather gloomy condo market, Greg Moyer of Skokie-based Moyer Properties LLC teamed up with local investors David Nankin and Jeffrey Annenberg to acquire a 154-unit Buffalo Grove condominium project for nearly $12 million, reports […]
Chicago High-End Condo Market Still Sluggish
By Veronica Grecu, Associate Editor
According to ChicagoRealEstateDaily.com, the city’s high-end condo market is far from healthy; only three condo units changed hands for more than $3 million in the past month. From a broader point of view, the number of […]
New Tech Center for Chicago Startups; LifeStorage Expands Portfolio
By Veronica Grecu, Associate Editor
The Chicago Tribune reports that a new center for technology start-ups could be opened next year by local business leader, venture capitalist and philanthropist J.B. Pritzker, who has teamed up with various investors such as Troy […]
Two Chicago-Area Office Buildings to Change Hands
By Veronica Grecu, Associate Editor
ChicagoRealEstateDaily.com reports that Wakefield, Mass.-based Franklin Street Properties is about to close a transaction for a six-story office building located at 909 Davis Street in Downtown Evanston. According to sources familiar with the deal, the sale […]
Wrigley Building’s New Owners Announce Revamp Plans
By Veronica Grecu, Associate Editor
Last week Wm. Wrigley Jr. Co. confirmed the sale of its eponymous building, located at 400-410 North Michigan Avenue, Near North Side, and an adjacent 1.5-acre lot to a team of investors led by BDT Capital […]
Wanted: New Owner and New Name For the Elysian; GreenChoice Bank Sets Foot in Chicago
By Veronica Grecu, Associate Editor
Two years after its grand opening, Chicago’s newest high-end hotel, the Elysian, is looking for a new owner. ChicagoRealEstateDaily.com quotes some sources close to the hotel’s board who claim that Jones Lang LaSalle Inc. was hired to […]
Joliet Church Goes Residential; ABA to Extend Operations on 200K SF
By Veronica Grecu, Associate Editor
The Diocese of Joliet has approved a redevelopment project proposed by Celadon Holdings. A diocese official quoted by The Herald News revealed that the Chicago-based developer plans to transform the St. Mary Carmelite Church into a […]
Federal Grant to Revitalize Woodlawn; Antheus Capital LLC Buys Regents Park Complex
By Veronica Grecu, Associate Editor
The U.S. Housing and Urban Development’s Choice Neighborhoods, a $122 million program meant to revitalize certain neglected communities in Boston, Chicago, New Orleans, San Francisco and Seattle, has awarded $30.5 million to Chicago’s Woodlawn community.
According to […]
Low Class A Office Vacancy Rate Equals Good News for Real Estate Investors
By Veronica Grecu, Associate Editor
ChicagoRealEstateDaily.com reports that a 40-story office tower located at 55 W. Monroe St. will be sold for about $140 million to Hearn Co., a local investment company that teamed up with an undisclosed New York-based capital […]
New Lives for Jones College Prep Building and Sheraton Hotel
By Veronica Grecu, Associate Editor
The Chicago Journal reports that construction has finally started at Jones College Prep’s new building on South State, on the old Pacific Garden Mission property. The estimated cost for the seven-story facility is $91 million, but […]