Vast Georgia quail hunting estate asks $26M
A 5,100-acre farm with a rich political history is on the market for $26 million. Chokee Farm is being sold by the family of former two-term Georgia Lt. Governor Mark Taylor, whose father Fred...
Mortgage mogul Dan Gilbert sees net worth quicken to $34B
Retail therapy: National chains paid 80% of July rent, a Covid high
Single-family homes dominate Chicago’s priciest residential sales of week
Blackstone boss leads Wall Street charge for Trump
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MGM, desperate for cash, launches “Work From Vegas” program
For decades, Las Vegas has attracted vacationers with its casinos, clubs and restaurants. Now, one desperate hotel operator wants...
Taubman’s $475M Mall of San Juan gets “knocked out” after reopening
The Mall of San Juan, in Puerto Rico’s capital, opened to great fanfare in 2015. But the last five...
Invitation Homes may double its single-family portfolio
Single-family rental giant Invitation Homes Inc. is looking to take advantage of low mortgage rates and growing preference for...
Retail therapy: National chains paid 80% of July rent, a Covid high
An increasing number of retailers are finding their rent is no longer too damn high. Major retail chains paid...
Mortgage mogul Dan Gilbert sees net worth quicken to $34B
In its first day of trading, shares of Rocket Co. rose more than 19 percent, pegging the net worth...
Move Inc. revenues drop as Realtor.com traffic climbs
Move Inc., the company that runs Realtor.com, saw a drop in revenues last quarter, as parent company News Corp....
Blackstone boss leads Wall Street charge for Trump
When others zig, Blackstone boss Stephen Schwarzman zags. Wall Street has largely abandoned efforts to fill President Trump’s campaign...
30-year mortgage rate hits record low — again
The average mortgage rate on America’s most popular home loan has hit another record-setting low. The rate on the...
Retailers rejecting leases amid bankruptcy could bring “tsunami” for landlords
Retail bankruptcy filings have skyrocketed in recent months, with a key benefit being the ability to exit a pricey,...
Single-family homes dominate Chicago’s priciest residential sales of week
A 41-year-old single-family home and a unit in Related Midwest’s one-year-old condo tower propelled this week’s priciest residential sales...
Hospitality, retail led job gains in July
The hospitality, leisure and retail sectors led job gains in July, with unemployment levels improving slightly overall. Payroll employment rose by 1.8 million in July and the unemployment rate declined to 10.2 percent, following...
Half empty or half full? Hotel occupancy rate nears 50%
Hotels are continuing their comeback, ever so slowly. The occupancy rate across the U.S. hit 48.9 percent for the...
MetaProp set out to raise $100M for proptech investing. It’s been slow going
Fifteen months ago, MetaProp, one of the early venture-capital players in proptech, set itself an ambitious goal: raise $100...
Cushman & Wakefield reports $101M quarterly loss
Cushman & Wakefield reported a net loss of $100.8 million in the second quarter, down from a $6.3 million...
“We’re not crying in our milk”: Hilton eyes new hotels despite $432M loss in Q2
Hilton Worldwide Holdings pressed on with developing new hotels despite heavy losses last quarter. The hotel giant opened 60...
Sterling Bay plans 320K sf research lab at Lincoln Yards
Sterling Bay is banking on the rise of the life sciences industry to help anchor its Lincoln Yards megaproject....
Zillow’s revenue jumps 28%, but losses mount
Zillow beat its own doomsday predictions as homebuying bounced back quicker in the second quarter than most people predicted....
COVID Update for Chicago Area Development
While some are holding off on real estate investments and some lending standards have changed rapidly amidst the pandemic’s effect on the economy, the Chicago development scene hasn’t exactly frozen. A coming slowdown is...