Chicago
103-year-old Chicago Building to Be Renovated; O’Hare Extension Could Stop
By Veronica Grecu, Associate Editor
A vacant West Loop office building located at 564 W. Randolph St. was sold by an affiliate of W. P. Carey & Co. LLC to Chicago developer Sterling Bay Cos. for $4.7 million or $51 per […]
Renovation Plans for the Chicago Main Post Office Building Call for the Tallest U.S. Tower
By Veronica Grecu, Associate Editor
Bill Davies, a British developer who owns the currently vacant Chicago Main Post Office Building, has announced his plans to renovate the building and the surrounding area to transform the site into an “urban mecca” that […]
Incentives to Offset Residential Housing Include Smoke-Free Apartments
By Veronica Grecu, Associate Editor
A series of incentives meant to stir things up in the Chicago residential market may prove to be quite attractive for prospective renters or home buyers.
According to the International Business Times, Bank of America plans to […]
Navy Pier to be Redeveloped; New Campus Building for Roosevelt University
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 […]
Increased Home Prices, Low Vacancy Rate in Chicago Area
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 […]
Residential Boom, Revamped Planetarium in Chicago
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 […]
Real Estate Market Still Slow Despite Incentives
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 […]
New Marriott Hotel in Naperville; Oak Park Developer Bankrupt
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 […]
Residential and Commercial Deals Thrive in West Loop
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 […]
Low Vacancy Rates Enliven the Loop
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 […]