Oprah sells last piece of Chicago real estate
Oprah Winfrey sold the final piece of real estate she owned in the Chicago area — a four-bedroom, 2,250-square-foot Colonial in Elmwood Park — for $375,000. Winfrey never occupied the all-brick house. She bought it in 2001 for $298,000 and first listed it in 2016 for $393,875, after selling the other homes she owned in the Chicago area. [Chicago Tribune]
Environs building Lincoln Park condos
Environs Development is building a four-story, 10-unit condo building on the site of a 7-Eleven at Schubert and Lincoln avenues in Lincoln Park. So far, only a single 1,665-square-foot, three-bedroom condo is listed for sale with a $1 million asking price. [Curbed]
SNS plans condos near 606 in Logan Square
SNS Realty Group is developing a 14-unit condo building called the Palmer in Logan Square near the entrance to The 606 trail. Listing prices start at $475,900 for a condo that is about 1,500 square feet and go up to $564,900 for either of two top-floor units with views of the city. [Crain’s]
Conor Commercial developing $23M spec warehouse
Conor Commercial Real Estate is developing a $23 million spec warehouse in Winfield. The 266,000-square-foot property in the North Avenue Commerce Center has not yet secured a tenant, but Conor is banking on its location and continued demand for industrial space in the Chicago area. [Daily Herald]
American Realty signs 70K sf in leases in Oak Brook office complex
American Realty Advisors signed seven tenants to a total of more than 70,000 square feet of leases at Oak Brook Regency Towers. The biggest lease was for 27,000 square feet with Collegis, and other tenants signing new deals were On Point Technology, Wells Fargo Advisors, Northwestern Memorial HealthCare, Kensington International, Creative Planning and Hauser, Izzo, Petrarca, Gleason & Stillman. [REJournals]
Byline Bank buys Oak Park lender
The parent of Byline Bank is acquiring the parent of Community Bank of Oak Park River Forest for $42 million. The deal follows Chicago-based Byline’s purchase this year of First Bank & Trust of Evanston for $179 million in cash and stock, and it leaves Oak Park without its own community bank for the first time in at least a century. [Crain’s]
Law firm leaving Willis Tower for East Loop office tower
Kopon, Airdo LLC singed a long-term lease for 13,000 square feet at 111 East Wacker Drive. The firm is making the move from the Willis Tower this month, taking space in the 1-million-square foot office tower designed by Mies van der Rohe. [REJournals]
Law firms scaling back on space
In the 12 months that ended June 30, law firms in Chicago reduced their space more than they expanded, according to CBRE. Contractions accounted for 44 percent of all law firm leases citywide, compared to 27.9 percent of leases represented by expansions. [Connect Media]
Elmdale acquire McKey & Poague
Elmdale Management Group acquired McKey & Poague Real Estate Services. The companies focus on property management but also will offer residential and commercial leasing, commercial and residential sales, and advisory and insurance services. [Bisnow]