City: Chicago

Crain's Chicago Business Lendlease is offering for sale Cooper at Southbank, a 452-unit apartment property in Chicago's South Loop neighborhood. The Australian developer hired CBRE to market the 29-story property at 720 South Wells St. Cooper at Southbank was built ...

Crain's Chicago Business Basis Technologies has listed 70,017 square feet of office space for sublease at Sullivan Center, a 943,944-sf office property in Chicago. The digital advertising software company's lease runs through October 2030. It has been leasing space at ...

Crain's Chicago Business Local developer Mike Reschke is said to be paying about $25 million for the 815,074-square-foot office property at 55 West Monroe St. in Chicago's Central Loop neighborhood. The price would represent roughly a 90% discount to the ...

Crain's Chicago Business Anemone Real Estate has paid $23 million, or $323,943/unit, for the 71-unit 20West apartments in Mount Prospect, Ill., a northern suburb of Chicago. The Wheeling, Ill., investor acquired the six-story property, at 20 West Northwest Highway, from ...

For the first time since 2012, no office space is under construction in Chicago, according to Newmark, and only one office property was brought online during the first quarter.

Half of all data-center operators reported that their properties had experienced power outages within the past three years, according to data compiled by the Uptime Institute. That was down from 53% in 2024.

Commercial Real Estate Direct Staff Report The appraised value of the 781,426-square-foot office property at 10 South LaSalle St. in Chicago has been reduced once again, this time to $27.2 million. Last September, the property had its value slashed by 81.9% ...

Commercial Real Estate Direct Staff Report Arbor Realty Trust has provided $125.25 million of agency financing to facilitate the purchase of the 1,115-unit Pavilion Apartments in Chicago. Earlier this month, R.I.G. Capital paid $167 million, or $149,775/unit, to purchase the ...

Crain's Chicago Business Vinayaka Hospitality has paid $43.2 million, or $128,955/room, for the 335-room Blackstone Hotel in downtown Chicago. The Schaumburg, Ill., hotel manager acquired the property, at 636 South Michigan Ave., from a venture of Fundamental Advisors and Sage ...

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 Tishman's ...