Commercial Real Estate

Macy’s Sells Top Seven Floors of Chicago Flagship Store for $30 Million

Macy's on State Street in Chicago. It's been well-chronicled in recent months how Macy's Inc. is looking to monetize its sizable real estate holdings. The retail giant took a step in that direction this week in Chicago. The Chicago Tribune reports Macy's agreed to sell the top seven floors of its flagship store [...]

Real Estate Construction Takes a Slight Dip in Chicago

The first half of the year saw a slight downturn in the volume of real estate construction projects in Chicago as compared to a year earlier, but the Windy City still fared better than most major U.S. markets. According to Dodge Data Analytics, as relayed by the Chicago Tribune, commercial and multi-family construction starts [...]

By |2017-09-08T08:27:39+00:00September 1st, 2017|Chicago Real Estate, Commercial Real Estate|

Vista Tower Among Massive Mixed-Use Complexes to Transform Chicago Skyline

Rendering of Vista Tower schedule for completion in 2020. Mixed-use developments were once a tough sell in Chicago. But as the Chicago Tribune reported this week, that is no longer the case. Currently, there are no fewer than 10 massive mixed-use complexes with a price tag of at least $1 billion dollars in [...]

Stunning New High-Rise with Public Park Added to Chicago Riverfront

Photo by Nick Ulivier (Crain's Business Chicago) The transformation of the Chicago riverfront has taken another step with the recent opening of a 54-story tower at 150 N. Riverside. It's the second of three unrelated high-rise projects that's changing the landscape of where the Chicago River forms a “Y.” The 150 N. Riverside [...]

12,000 Homes Planned for Vacant Steel Mill on Chicago Lakefront

South Works Steel Mill The massive and long-vacant South Works steel mill property on Chicago's south lakefront will be transformed into residential development with as many as 12,000 homes, making it one of the biggest such projects in the city's history. According to Crain's Chicago Business, the 430-acre parcel was put up for [...]

By |2017-01-31T19:15:05+00:00January 31st, 2017|Chicago Real Estate, Commercial Real Estate|

Redfin Chicago Office Tripling in Size to 26,000 Square Feet

Interior of Redfin office near O'Hare Airport (Credit: Chicago Business Journal Highly-successful real estate Web site and brokerage firm Redfin has had a big presence in Chicago since it expanded to the Windy City from its Seattle-based headquarters in 2008. It's about to get even bigger. Chicago Business Journal reported this week Redfin, [...]

Wolf Point East to Rise 66 Stories on Chicago Riverfront

New details emerged on the transformative, $1 billion mixed-use development that's ongoing at Wolf Point on Chicago's riverfront. According to reports, the second of three planned towers at Wolf Point--named Wolf Point East -- will rise 66 stories and be designed by architecture firm Pelli Clarke Pelli. Construction will be begin early next year with a [...]

Robey Hotel in Wicker Park Nears Opening; First Photos

After more than three years of construction, the highly-anticipated Robey Hotel in the iconic 12-story Art Deco Northwest Tower in Wicker Park is finally set for a fall opening. Hotel operator Grupo Habita announced reservations are now being accepted for both the Robey Hotel and its sister property located next door, The Hollander. Along with [...]

Chicago Realtors Events to Focus on Global, Commercial Real Estate

The Chicago Association of Realtors each summer hosts numerous events to aid the career enhancement of local industry professionals. Not coincidentally, these events also provides ample networking opportunities. There are two panel discussions scheduled for next month, each of which sounds particularly interesting. The first is scheduled for Aug. 11 and is titled "Successful Women [...]

1k Fulton Building Set to Sell for Whopping $305 Million

1k Fulton One of the most expensive office deals in Chicago history is about to go down. According to Crain's Chicago, the office building containing Google's Midwest headquarters in the Fulton Market District, known as 1k Fulton, is set to be sold for $305 million. The unique 10-story building, which has 531,1945 square [...]