City: Chicago

Opus Group has broken ground on Alsip Park 294, a two-building industrial property with 360,000 square feet in Alsip, Ill. The Minnetonka, Minn., developer is building the property at the northwest corner of Interstate 294 and 127th Street, about 26 ...

Commercial Real Estate Direct Staff Report The amount of office space available for sublease in Chicago's central business district increased to 8.26 million square feet so far this month, according to Transwestern, marking a new historic high. Sublease availabilities had grown ...

Crain's Chicago Business NTT Global Data Centers has paid $27.5 million, or $119.57/sf, for two office buildings with 230,000 square feet at 1200 and 1250 North Arlington Heights Road in Itasca, Ill., about 27 miles west of Chicago. The Japanese ...

The Real Deal Avalair Group has paid $23 million, or $87.45/sf, for Woodlake Corporate Park, a 263,000-square-foot office and industrial property in Lombard, Ill. The Lakewood, N.J., company purchased the property from Brennan Investment Group, which had acquired it in 2016 ...

Crain's Chicago Business Coastal Partners has paid $17 million, or $109.41/sf, for the 155,385-square-foot office property at 213 West Institute Place in Chicago. The Roseville, Calif., investment firm purchase the property from KBS Growth & Income REIT, which had acquired ...

Chicago YIMBY Georgetown Co. has proposed building a 396-unit apartment property at 1565 North Clybourn Ave. in Chicago. The New York development firm would have to rezone the site, which currently has a 12,000-square-foot retail property on it that previously ...

The Real Deal Groupon has agreed to sublease 25,000 square feet of office space at 35 West Wacker Drive in Chicago. That is a significant downsize from the 300,000-sf lease that the online marketplace had terminated earlier this year at ...

Commercial Real Estate Direct Staff Report Wells Fargo Bank, which services the $250.47 million CMBS loan against 175 West Jackson Blvd. in Chicago, has deemed its advances to no longer be recoverable as the 1.45 million-square-foot office building's appraised value ...

Crain's Chicago Business CNA Financial is offering for sublease 50,000 square feet of office space at 151 North Franklin St., an 807,355-sf property in Chicago. The insurance company is the anchor tenant at the building, taking 294,118 sf. JLL is ...