Court OKs Kmart Reorganization Plan

Crain’s Chicago Business Tishman Speyer is offering for sale Union West, a 357-unit apartment property in Chicago The New York investment manager hired CBRE to market the property, which it bought in 2023 for $128 million At the time of...

Commercial Property Executive AKIRA has agreed to extend its 202,105-square-foot lease at Crossroads Parkway, a 352,338-sf industrial property in Bolingbrook, Ill, a southwestern suburb of Chicago The fashion retailer, which has occupied space at...

Crain’s Chicago Business The 691,410-square-foot office building at 2 North LaSalle St in Chicago has been brought to the sales block by the bondholders that took control of it two years ago Torchlight Loan Services, the special servicer...

Crain’s Chicago Business RIG Capital has paid $167 million, or $149,775/unit, for the 1,115-unit Pavilion Apartments in Chicago, near O’Hare International Airport The local investment firm acquired the property, at 5441 North East River...

Crain’s Chicago Business A group led by investor Prakash Patel has paid $29 million, or $124,463/room, for the 233-room Homewood Suites hotel in downtown Chicago Patel acquired the property, at 40 East Grand Ave, from Brookfield The hotel was...

Vedder has agreed to extend its office lease for 163,000 square feet at 222 North LaSalle St in Chicago through 2041 The law firm has been housing its headquarters at the 1 million-sf property since 1988 Henry Crown & Co of Chicago owns the...

Crain’s Chicago Business Ansonia Properties has paid $91 million, or $258,522/unit, for Villages at Canterfield, a 352-unit apartment property in Dundee, Ill, a western suburb of Chicago The Chicago real estate firm acquired the property from...

Crain’s Chicago Business Menashe Properties is in talks to pay less than $60 million, or $7643/sf, for the 785,000-square-foot office property at 180 North LaSalle St in Chicago The Portland, Ore, investment firm would be buying the building...

REBusiness Online NorthPoint Development will start work soon on a 428,900-square-foot industrial property within the 90 & Randall Logistics Park in Algonquin, Ill The Kansas City, Mo, developer is building the property at Longmeadow Parkway and...

Crain’s Chicago Business The State Teachers Retirement System of Ohio has paid $85 million, or $400,943/unit, for the 212-unit Fynn apartment property in Elmhurst, Ill, a western suburb of Chicago The pension fund acquired the property from an...