Commercial
Chicago
Mar 25, 2025
Sound Point foreclosure against Stanton Road sinks $20M office deal
New York-based lender sued Deerfield landlord following maturity extension; Colliers claimed it’s owed $289K for property management services
Commercial
Chicago
Mar 24, 2025
Latsko lights up Fulton Market, scores $22M loan from Argentic
Retail kingpin opening new cigar club, refinanced Guinness brewery at 901 West Kinzie after considering sale
Development
Chicago
Mar 23, 2025
Big hotel proposals take shape in The Windy City
Plus, haggling over troubled debts and negotiating new ones remains front and center, and more Chicagoland stories from this week
Development
Chicago
Mar 21, 2025
Newly retired former Clayco CEO Russ Burns dies at 65
Spent over 40 years as an executive at major contractors, including 23 as president, CEO of Chicago-based conglomerate
Development
Chicago
Mar 21, 2025
Bank OZK writedown swells to $38M on Sterling Bay’s Lincoln Yards
Lender made a second chargeoff of $17M after placing developer’s $128M loan on substandard non-accrual status last year
Development
Chicago
Mar 21, 2025
CRG, Shapack in talks with Global Ambassador for Fulton Market hotel
Lodging brand started by restaurateur Sam Fox in Arizona eyeing mixed-use project in Chicago’s hottest CRE neighborhood
Development
Chicago
Mar 20, 2025
VennPoint scores $55M Bank OZK loan for Deerfield rentals
Nick Marietti’s firm to lead 144-unit built-to-rent project in northern suburb
Commercial
Chicago
Mar 17, 2025
Hamilton seeks reprieve for big office debt as Accesso bleeds equity
Minority owner of Esplanade building in Downers Grove is putting up capital to hang onto property as $69M debt transfers to special servicer
Commercial
Chicago
Mar 16, 2025
How Chicago landlords raised rents past new milestone
Plus, Salesforce Tower lands massive CMBS loan, the city cracks down on more negligent real estate debtors and more Chicagoland real estate news
Commercial
Chicago
Mar 14, 2025
Zell Kravinsky snags Algonquin rentals for $19M after FPA’s distress play
Suburban Chicago property bought out of distress in 2018 by Greg Folwer’s San Francisco-based multifamily giant headed to investor landlord
Commercial
Chicago
Mar 11, 2025
Downtown Chicago apartment rents reach new peak as supply craters
Average monthly rate crosses $3,000 threshold for first time
Residential
Chicago
Mar 8, 2025
Digging into Chicago’s biggest brokers and builders
Plus, muddled foreclosure lawsuits threaten suburban CRE investments, River North mastermind Al Friedman opens up and more Chicago real estate news
Commercial
Chicago
Mar 5, 2025
Low-key River North landlord closes debt gap to score $160M refi
Borrower led by Teresa Tsai pulled off big debt deal for apartment tower while facing foreclosure at Downers Grove office property
Commercial
Chicago
Mar 4, 2025
Struggling Sonder ditches River North hotel, landlord sues for $4M
Dispute arises after Hawkins Way Capital, owner of 60-room Found Hotel, dodged foreclosure last year
Residential
Chicago
Mar 3, 2025
Sotheby’s poaches Mark Pasquesi from BHHS for North Shore push
Latest in a series of losses for Berkshire Hathaway Home Services, including top broker Mario Greco and the ZK Group
Commercial
Chicago
Mar 3, 2025
The Closing: Albert Friedman
River North mastermind talks about his retail empire, why offices in old buildings aren’t dead and what it takes to operate a whole neighborhood
Development
Chicago
Mar 1, 2025
Weekend tour: Developers turn to data centers as backup plans & other news
Major Hoffman Estates plan, office project by 601W pivot — and more headlines in Chicago real estate
Residential
Chicago
Feb 28, 2025
Bulls player Williams straightens out mortgage snafu on Gold Coast condo
Reps for Patrick Williams say alleged loan default was due to a clerical error; Goethe Street unit is among several high-profile Chicago-area loans to fall into potentially errant default disputes
Commercial
Chicago
Feb 27, 2025
Landlord Al Friedman bringing David Byrne show to River North
“Theater of the Mind” coming to 19,000 square feet in Reid Murdoch building
Development
Chicago
Feb 24, 2025
Data center player drops $45M on suburban site eyed for huge housing plan
Iatarola’s Plum Farms vision for Hoffman Estates was put to rest as Karis Critical scooped up land